PDD Holdings Inc. (NASDAQ:PDD) Q4 2025 Earnings Call Transcript
Operator: Ladies and gentlemen, thank you for standing by, and welcome to PDD Holdings Inc. Fourth Quarter and Fiscal Year 2025 Earnings Conference Call.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Hillhouse Capital Management Lei Zhang | 10,721,400 | $1,215,699,546 | +25% | 39.17% |
| 2. | 4,666,200 | $529,100,418 | -21% | 0.08% | |
| 3. | Himalaya Capital Li Lu | 4,608,000 | $522,501,120 | 14.64% | |
| 4. | Marshall Wace LLP Paul Marshall And Ian Wace | 4,512,664 | $511,690,969 | +92% | 0.47% |
| 5. | 3,336,800 | $378,359,752 | -19% | 0.06% |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 39,152,152 | $4,439,462,523 | 0.08% | |
| 2. | 32,810,630 | $3,720,397,336 | 0.05% | |
| 3. | 31,032,323 | $3,518,755,104 | 2.92% | |
| 4. | 14,597,758 | $1,655,239,813 | 0.08% | |
| 5. | 12,257,360 | $1,389,862,050 | 0.05% |