SteelPeak Wealth 13F: Exits PDD Stake

SteelPeak Wealth disclosed in a filing on October 16, 2026, that it sold its entire stake in PDD Holdings Inc. (NasdaqGS: PDD), totaling 170,504 shares. This move indicates a 100% decrease in its holdings, valued at approximately $13.8 million based on recent prices.

What Changed in SteelPeak Wealth's PDD Holdings Position

SteelPeak Wealth exited its position completely, selling all 170,504 shares it previously held in PDD Holdings Inc. This marks the end of the fund's investment in the company, which it had maintained until this latest filing.

Other Institutional Activity in PDD Holdings

Several other institutional investors have also adjusted their positions in PDD Holdings recently. Blackrock Inc. reduced its holdings by 7,435,867 shares, leaving it with 31,969,893 shares valued at about $2.59 billion. Baillie Gifford & Co trimmed its stake by 1,757,848 shares and now holds 26,594,535 shares worth approximately $2.15 billion. In contrast, H&H International Investment, LLC increased its position by 5,274,565 shares, bringing its total to 25,022,094 shares valued at around $2.03 billion. Similarly, Vanguard Capital Management LLC added 521,103 shares, ending with 24,646,256 shares worth about $1.99 billion, while Invesco Ltd. increased its stake by 1,730,048 shares, totaling 22,228,242 shares worth roughly $1.80 billion.

PDD Holdings Inc. Stock Down 0.6%

As of October 16, 2026, PDD Holdings is trading at around $80.95, which is 2% below its 50-day moving average of $82.57 and 13.2% below its 200-day average of $93.29. The current price is also approximately 41.9% off its 52-week high of $139.41 while remaining 12.5% above its 52-week low of $71.94.

Recent Earnings

PDD Holdings reported revenue of $450.8 billion for the trailing twelve months, with an earnings per share (EPS) of $8.89. The next earnings report is expected on November 18, 2026. The company has shown a revenue growth of 8.1% year-over-year and maintains a strong net margin of 20.4% and return on equity (ROE) of 22.7%.

Insider Buying and Selling at PDD Holdings Inc.

Recent insider activity includes Director Anthony Ping Leung Kam selling 1,705 shares on September 3, 2026, at an average price of $82.20 for a total value of about $140,151. Director Ivonne M.C.M. Rietjens sold 560 shares on March 30, 2026, at $99.59, totaling $55,772. Another sale by Anthony Ping Leung Kam involved 1,533 shares on March 30, 2026, priced at $99.43, valued at approximately $152,424.

Analysts Set New Price Targets

On August 25, 2026, Benchmark maintained a 'Buy' rating on PDD Holdings with a target price of $114, down from a previous target of $127. JP Morgan also maintained a 'Neutral' rating with a target of $95, reduced from $110 on September 10, 2026. The consensus among analysts is a 'Buy' with an average price target suggesting upside potential from recent trading levels.

About PDD Holdings Inc.

PDD Holdings Inc., based in Dublin, Ireland, operates a portfolio of businesses including the Pinduoduo platform, which offers a variety of products and interactive shopping experiences, and Temu, which helps merchants streamline operations. The company was formerly known as Pinduoduo Inc. until it rebranded in February 2023.

Bottom Line

SteelPeak Wealth's complete exit from PDD Holdings reflects strategic trading decisions in a challenging market environment. With the next earnings report due on November 18, 2026, investors will be keen to see how PDD manages its performance amidst recent price movements and institutional adjustments. The filing indicates past holdings and may not reflect the current position of SteelPeak Wealth.