# PDD Holdings (PDD): value investors who own it | moatshark

4 value investors held PDD Holdings in their Q3 2026 13F, led by Himalaya Capital, Punch Card Management, H&H International (Duan Yongping), Dodge & Cox.

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Himalaya Capital | 22.2% | $821m | Added +134% | 5 |
| Punch Card Management | 12.4% | $31.7m | Unchanged | 7 |
| H&H International (Duan Yongping) | 10.0% | $1.9bn | Added +27% | 10 |
| Dodge & Cox | 0.2% | $347m | Added +0.3% | 3 |
| Appaloosa | 0.0% | $0k | Sold out | 12 |
| Oaktree Capital Management | 0.0% | $0k | Sold out | 1 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-09-03 | Kam Anthony Ping Leung | Director | Sold | 1705 | $140k |

## Fund holders

| Fund | Manager | Weight | Value | As at |
| --- | --- | --- | --- | --- |
| Dodge & Cox Global Stock Fund | Dodge & Cox | 0.4% | $49.8m | 2026-06-30 |
| Dodge & Cox International Stock Fund | Dodge & Cox | 0.3% | $229m | 2026-06-30 |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/pdd). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.