SEC 13F Intelligence

Headwater Capital Co Ltd / PDD

Headwater Capital Co Ltd’s Pdd Holdings Inc Position

Does Headwater Capital Co Ltd own Pdd Holdings Inc (PDD)? Yes — 150.0K shares worth $15M (+2.46% of its 13F portfolio) as of Q1 2026, down from 260.0K shares the prior filed quarter.

Position Value
$15M
Q1 2026
Shares
150.0K
% of Portfolio
+2.46%
Quarters Held
6
currently held

Position History PDD

Reported value by quarter
Q4 ’24: $10MQ4 ’24Q1 ’25: $47MQ1 ’25Q2 ’25: $21MQ2 ’25Q3 ’25: $20MQ3 ’25Q4 ’25: $29MQ4 ’25Q1 ’26: $15MQ1 ’26filingsflow.com
QuarterSharesValue% of Portfolio
Q1 2026150.0K$15M+2.46%
Q4 2025260.0K$29M+6.13%
Q3 2025150.0K$20M+4.85%
Q2 2025200.0K$21M+7.26%
Q1 2025400.0K$47M+10.70%
Q4 2024100.0K$10M+5.17%

Common-stock position only; options are excluded. Quarters where the fund filed no 13F or reported no position are absent. See Headwater Capital Co Ltd’s full portfolio or all institutional holders of PDD.