{
 "company": "PDD Holdings",
 "ticker": "PDD",
 "page": "https://www.moatshark.com/s/pdd",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Himalaya Capital",
   "moatshark_slug": "himalaya-capital",
   "period": "2026-06-30",
   "portfolio_pct": 22.17,
   "value_usd": 820858157,
   "change": "ADD",
   "share_change_pct": 133.5,
   "quarters_held": 5
  },
  {
   "manager": "Punch Card Management",
   "moatshark_slug": "punch-card-management",
   "period": "2026-06-30",
   "portfolio_pct": 12.37,
   "value_usd": 31656505,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 7
  },
  {
   "manager": "H&H International (Duan Yongping)",
   "moatshark_slug": "h-h-international-duan-yongping",
   "period": "2026-06-30",
   "portfolio_pct": 9.99,
   "value_usd": 1908685330,
   "change": "ADD",
   "share_change_pct": 26.7,
   "quarters_held": 10
  },
  {
   "manager": "Dodge & Cox",
   "moatshark_slug": "dodge-cox",
   "period": "2026-06-30",
   "portfolio_pct": 0.18,
   "value_usd": 347074000,
   "change": "ADD",
   "share_change_pct": 0.3,
   "quarters_held": 3
  },
  {
   "manager": "Appaloosa",
   "moatshark_slug": "appaloosa",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 0,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 12
  },
  {
   "manager": "Oaktree Capital Management",
   "moatshark_slug": "oaktree-capital-management",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 0,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 1
  }
 ]
}