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PDD Holdings Inc

PDD

PDD Holdings Inc

PDD Holdings Inc historical holders

total: 12

Himalaya Capital Management PDD Holdings Inc transactions over time

Total transactions:
3
New positions:
2
Sold out:
1
Held since:
2025 Q2
Held for:
4 quarters
Latest activity:
2025 Q2
Li Lu has been an institutional investor in PDD Holdings Inc (PDD) since 2020 Q4. According to 2026 Q1 report, Li Lu holds 4,608,000 shares with a market value of roughly $470.85M representing 14.71% of their equity portfolio. The fund/company first acquired PDD in 2020 Q4, initially purchasing 363,165 shares. Li Lu later completely sold out the position and reinvested in PDD again in 2025 Q2. Since the initial investment, Himalaya Capital Management has made 2 more transactions in this position.

Does Li Lu still hold PDD?

Yes, Li Lu continues to hold PDD Holdings Inc (PDD). According to their 2026 Q1 report, they maintain a position of 4,608,000 shares valued at approximately $470.85M, representing 14.71% of their equity portfolio.

When did Li Lu first invest in PDD?

Li Lu first invested in PDD Holdings Inc (PDD) in 2020 Q4 at the reported quarter-end price of $177.67 per share, acquiring 363,165 shares in their initial purchase.

What is Li Lu's average cost basis for PDD?

Based on historical transaction data, Li Lu's estimated cost basis for PDD Holdings Inc (PDD) is approximately $104.66 per share. This represents their average reported price* across all buy transactions.

Has Li Lu reinvested in PDD after selling?

Yes, Li Lu has shown renewed interest in PDD Holdings Inc (PDD). After completely selling their position, they reinitiated an investment in 2025 Q2, demonstrating continued conviction in this ticker.

Estimated cost basis*

Weighted AVG buy price:
$104.66

PDD transactions history by Himalaya Capital Management

3 results
Period % of
portfolio
Shares
held after*
Reported
price*
Value* % (shares)
of activity
% change
to portfolio
2025 Q2
17.93%
4,608,000
$104.66
$482,273,280
new
+17.93%
2021 Q4
0.00%
0
$90.67
-100% (-363,165)
-1.53%
2020 Q4
3.55%
$177.67
new
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.