Himalaya Capital Management LLC: PDD HOLDINGS INC (PDD): Quarterly 13F Position History
As of Q1 2026, Himalaya Capital Management LLC reported 4,608,000 shares of PDD HOLDINGS INC (PDD), worth $470.8M and representing 14.7% of its 13F equity book. The position first appeared in Q4 2020 and has been disclosed across 22 13F-HR filings in Pactolio's tracked window.
- 4,608,000Shares Held (Latest Filing)
- $470.8MReported Market Value (Latest Filing)
- 14.7%Portfolio Weight (% of 13F Equity Book)
- 0Quarter-over-Quarter Share Change
- -$51.7MQuarter-over-Quarter Value Change
- 4,608,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 22 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 4,608,000 | 0 | — | $470.8M | 14.7% | $102.2 |
| Q4 2025 | 4,608,000 | 0 | — | $522.5M | 14.6% | $113.4 |
| Q3 2025 | 4,608,000 | 0 | — | $609.0M | 18.9% | $132.2 |
| Q2 2025 | 4,608,000 | +4,608,000 | — | $482.3M | 17.9% | $104.7 |
| Q1 2025 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2023 | 0 | 0 | — | $0 | 0.0% | — |
| 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 | 363,165 | -100.0% | $0 | 0.0% | — |
| Q3 2021 | 363,165 | 0 | — | $32.9M | 1.5% | $90.7 |
| Q2 2021 | 363,165 | 0 | — | $46.1M | 2.3% | $127.0 |
| Q1 2021 | 363,165 | 0 | — | $48.6M | 2.5% | $133.9 |
| Q4 2020 | 363,165 | — | — | $64.5M | 3.6% | $177.7 |
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 Himalaya Capital Management LLC first disclose a PDD position in 13F-HR filings?
Himalaya Capital Management LLC first reported PDD HOLDINGS INC (PDD) on its 13F-HR filing for the period ending 2020-12-31 (Q4 2020). The position has appeared on 22 reported quarters within Pactolio's tracked window.
What was Himalaya Capital Management LLC's most recent quarter-over-quarter share-count change in PDD?
Himalaya Capital Management LLC held the same 4,608,000 shares of PDD between Q4 2025 and Q1 2026 — the reported share count was unchanged quarter-over-quarter.
Does the implied price-per-share represent Himalaya Capital Management 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.