Li Lu's Himalaya Capital Management holds 10.8M shares of PDD Holdings Inc (PDD) worth about $820.9M as of June 30, 2026, according to the 13F-HR filed with the SEC on August 14, 2026. The position is 22.17% of the reported portfolio, the 3rd largest of 8 stock positions. Li Lu added 134% to the share count in 2026 Q2.
What did the 2026 Q2 filing report for PDD?
As of June 30, 2026, from the 13F-HR filed August 14, 2026.
| Value | |
|---|---|
| Portfolio weight | 22.17% |
| Shares | 10.8M |
| Reported value | $820.9M |
| Rank in portfolio | 3rd of 8 |
| Largest holding | GOOGL at 24.55% |
| Top three holdings | 70.1% of the book |
| Change this quarter | +134% shares |
How concentrated is Li Lu in PDD?
PDD at 22.17% is 1.8 times the average stock position in the Li Lu portfolio, which is 12%. The largest holding is GOOGL at 24.55%. The three largest stocks together are 70.1% of the reported book. A quarter earlier PDD was 14.71% of the book.
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 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 was 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. Another 3 sold out of 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
What share of the Li Lu portfolio is PDD?
PDD is 22.17% of the Li Lu portfolio as of 2026 Q2, the 3rd largest of 8 stock positions.
What is the PDD stake of Li Lu worth?
Li Lu holds 10.8M shares of PDD, worth about $820.9M at June 30, 2026 prices, 22.17% of the reported portfolio.
What are the largest holdings of Li Lu?
The largest stock positions of Li Lu as of 2026 Q2 are GOOGL (24.55%), GOOG (23.39%) and PDD (22.17%), together 70.1% of the book.
Did Li Lu's Himalaya Capital Management change its PDD position in 2026 Q2?
Li Lu added 134% to the share count in 2026 Q2.