H&H International Investment, LLC: PDD HOLDINGS INC (PDD): Quarterly 13F Position History
As of Q1 2026, H&H International Investment, LLC reported 19,748,294 shares of PDD HOLDINGS INC (PDD), worth $2.0B and representing 10.1% of its 13F equity book. Quarter-over-quarter share count change: + 8,211,600 (+71.2%) . The position first appeared in Q4 2018 and has been disclosed across 29 13F-HR filings in Pactolio's tracked window.
- 19,748,294Shares Held (Latest Filing)
- $2.0BReported Market Value (Latest Filing)
- 10.1%Portfolio Weight (% of 13F Equity Book)
- +8,211,600Quarter-over-Quarter Share Change
- +$709.7MQuarter-over-Quarter Value Change
- 19,748,294Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 29 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 19,748,294 | +8,211,600 | +71.2% | $2.0B | 10.1% | $102.2 |
| Q4 2025 | 11,536,694 | +2,962,500 | +34.6% | $1.3B | 7.5% | $113.4 |
| Q3 2025 | 8,574,194 | 88,500 | -1.0% | $1.1B | 7.7% | $132.2 |
| Q2 2025 | 8,662,694 | +908,794 | +11.7% | $906.6M | 7.9% | $104.7 |
| Q1 2025 | 7,753,900 | +3,846,300 | +98.4% | $917.7M | 7.6% | $118.3 |
| Q3 2024 | 3,907,600 | +3,804,600 | +3693.8% | $526.8M | 3.2% | $134.8 |
| Q2 2024 | 103,000 | 7,000 | -6.4% | $13.7M | 0.1% | $132.9 |
| Q1 2024 | 110,000 | +110,000 | — | $12.8M | 0.1% | $116.3 |
| Q4 2023 | 0 | 150,000 | -100.0% | $0 | 0.0% | — |
| Q3 2023 | 150,000 | +150,000 | — | $14.7M | 0.1% | $98.1 |
| Q2 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2020 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2020 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2020 | 0 | 2,030,767 | -100.0% | $0 | 0.0% | — |
| Q1 2020 | 2,030,767 | +1,073,300 | +112.1% | $73.2M | 2.5% | $36.0 |
| Q4 2019 | 957,467 | +479,700 | +100.4% | $36.2M | 1.8% | $37.8 |
| Q3 2019 | 477,767 | +10,000 | +2.1% | $15.4M | 1.0% | $32.2 |
| Q2 2019 | 467,767 | +97,767 | +26.4% | $9.7M | 0.7% | $20.6 |
| Q1 2019 | 370,000 | 26,496 | -6.7% | $9.2M | 0.8% | $24.8 |
| Q4 2018 | 396,496 | — | — | $8.9M | 1.1% | $22.4 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did H&H International Investment, LLC first disclose a PDD position in 13F-HR filings?
H&H International Investment, LLC first reported PDD HOLDINGS INC (PDD) on its 13F-HR filing for the period ending 2018-12-31 (Q4 2018). The position has appeared on 29 reported quarters within Pactolio's tracked window.
What was H&H International Investment, LLC's most recent quarter-over-quarter share-count change in PDD?
Between Q4 2025 and Q1 2026, H&H International Investment, LLC added 8,211,600 shares of PDD (+71.2%), bringing the total reported position to 19,748,294 shares at a market value of $2.0B.
Does the implied price-per-share represent H&H International Investment, LLC's cost basis in PDD?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.