Sequoia Capital — PDD

How Sequoia Capital's position in PDD Holdings Inc. changed quarter by quarter. Change badges compare each quarter to the fund's immediately-prior filing.

Quarter	Shares	Value	% of portfolio	Change
Q1 2026	8,841,576	$903,432,235	9.77%	—
Q4 2025	8,841,576	$1,002,546,302	7.16%	NEW