Assenagon Asset Management S.A., a registered investment adviser, initiated a new position in PDD Holdings Inc. (NASDAQ:PDD) during Q4 2025, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor purchased 6,728,909 shares of the Consumer Cyclical company, valued at approximately $762,990,992 as of the filing date.
PDD Holdings Inc.'s stock currently trades at $120.55 with a market capitalization of $156,637,518,978.