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Li Lu's PDD Holdings Inc. (PDD) position

Yes: as of Q1 2026, Li Lu holds 4.6M shares of PDD worth $471M (14.7% of the disclosed portfolio). Held since at least Q1 2021; that opening coverage snapshot is not counted as a purchase.
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Current value
$471M
Shares held
4.6M
% of portfolio
14.7%
Est. average buy price (i)
$104.82
Quarter-end price
$102.18

Estimated trade prices

Average price in quarters with purchases
$104.82

PDD price vs Lu's position

Dates
$50$100$150$200202420252026New position of 4.6M shares · Q2 2025. Average closing price $104.82 · Price range $88.35–$122.194.6Msharespurchased
Average closing price · filing quarter
$104.82
Price range · filing quarter
$88.35 – $122.19

Every quarterly change

Quarter Action Shares change Est. value change Δ Own Shares held Filing date
No change · Q3 2025–Q1 2026 (3 quarters)
No change 4.6M
Q2 2025 New +4.6M +$483M 4.6M Aug 14, 2025
No change · Q2–Q3 2021 (2 quarters)
No change 363K
Q1 2021 First covered 363K May 17, 2021
Data through Q3 2025–Q1 2026 · filed –
4 grouped rows from 7 quarters

Who else owns PDD

Baillie Gifford & Co

owns 8.0% of shares outstanding
Est. $2.9B · Shares: 28.4M

H&h International Investment, LLC

owns 5.5% of shares outstanding
Est. $2.0B · Shares: 19.7M

Hsg Holding Ltd

owns 3.2% of shares outstanding
Est. $1.2B · Shares: 11.3M

Goldman Sachs Group Inc

owns 2.7% of shares outstanding
Est. $992M · Shares: 9.7M

See all owners of PDD →

More Lu positions

Common questions

Does Li Lu own PDD?

Yes. As of Q1 2026, Li Lu disclosed 4.6M shares of PDD, worth $471M. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

When did Li Lu buy PDD?

Li Lu held PDD since at least Q1 2021, when this filing coverage begins; the opening snapshot is not a disclosed purchase. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

Did Li Lu sell PDD?

The quarter-by-quarter table above shows each sale and reduction Li Lu disclosed in PDD. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How many shares of PDD does Li Lu own?

Li Lu disclosed 4.6M shares of PDD as of Q1 2026. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

What price did Li Lu pay for PDD?

Li Lu's estimated average buy price for PDD is $104.82, from quarter-average prices weighted by the shares added each quarter. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How are the estimated trade prices calculated?

13F filings disclose quarter-end holdings, not trade dates or execution prices. These estimates use each covered quarter's average market price; the add average excludes the opening position and quarters without price data. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.