Li Lu's Himalaya Capital Management bought 6.15M shares more of PDD Holdings Inc (PDD) in 2026 Q2, according to the 13F-HR filed with the SEC on August 14, 2026, a 134% increase in the share count. Li Lu now holds 10.8M shares worth about $820.9M, 22.17% of the portfolio against 14.71% a quarter earlier.
What did the 2026 Q2 filing report for PDD?
As of June 30, 2026, from the 13F-HR filed August 14, 2026.
| Before | After | |
|---|---|---|
| Shares | 4.61M | 10.8M |
| Shares added | +6.15M (134%) | |
| Reported value | $470.8M | $820.9M |
| Portfolio weight | 14.71% | 22.17% |
| Rank in portfolio | 3rd of 8 |
How much did Li Lu add to PDD?
Li Lu added 6.15M shares of PDD during 2026 Q2, taking the stake from 4.61M to 10.8M. The reported value of the position rose by about $350M, from about $470.8M to about $820.9M.
Where does PDD sit in the Li Lu portfolio?
PDD ranks 3rd of 8 stock positions in the Li Lu portfolio at 22.17%, above the fund's average stock position of 12%. The largest stock position is GOOGL at 24.55%. Next come GOOG at 23.39% and PDD at 22.17%. The three largest stocks together are 70.1% of the book. The PDD addition was the largest of the quarter's 8 position changes by percent change to portfolio. Across the 2026 Q2 portfolio, Li Lu reported 8 stock positions, with none opened and 6 closed. The total portfolio value is about $3.7B, up 16% from the prior quarter.
How long has Li Lu held PDD?
Li Lu first reported PDD in the quarter ended December 31, 2020. The fund sold out of the name in 2021 Q4 and came back in 2025 Q2. The current weight is the highest the fund has reported for the name. The share count had been unchanged the quarter before. Every reported trade is on the Li Lu PDD trade history page.
Did other funds buy or sell PDD in 2026 Q2?
Among the other tracked funds that had filed for 2026 Q2 as of August 14, 2026, 3 hold PDD. Of those, 1 added to the position this quarter and 1 trimmed it. The largest buyer of PDD this quarter was Duan Yongping. The largest sellers were Lewis Sanders, David Tepper and Sarah Ketterer. Every tracked holder of PDD is on the PDD ownership page.
FAQ
How many PDD shares did Li Lu buy in 2026 Q2?
Li Lu added 6.15M shares of PDD, a 134% increase, to 10.8M shares.
What is the PDD position of Li Lu worth now?
The PDD position of Li Lu is worth about $820.9M at June 30, 2026 prices, 22.17% of the portfolio.
Is PDD a top holding of Li Lu?
PDD ranks 3rd of 8 stock positions in the Li Lu portfolio, at 22.17%.
Did other funds add to PDD in 2026 Q2?
Among the 3 other tracked funds that hold PDD, 1 added to it in 2026 Q2 and 1 trimmed it.