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Compiled from SEC Form N-PX filings. Page generated October 18, 2026.
No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from PDD Holdings Inc. has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
Proxy season: 2024-2025 2025-2026
Explore PDD Holdings Inc. in the interactive database Compare manager voting policies
Each item below shows how the 120 asset managers that disclosed a PDD Holdings Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of PDD Holdings Inc.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.
98% of fund votes cast · no official result
The 77 asset managers below reported 71,511,790 for, 1,820,405 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 24,945,569 | 0 | 0 | 0 | For |
| Fidelity | 19,339,454 | 0 | 0 | 0 | For |
| Invesco | 4,679,551 | 0 | 0 | 0 | For |
| Dodge & Cox | 3,719,700 | 0 | 0 | 0 | For |
| EUPAC FUND | 3,051,547 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 1,769,303 | 0 | 0 | Against |
| State Street | 1,712,158 | 875 | 0 | 0 | For |
| TIAA | 1,632,126 | 0 | 0 | 0 | For |
| Dimensional | 1,326,548 | 0 | 0 | 0 | For |
| Capital Group | 1,164,800 | 0 | 0 | 0 | For |
| American Century | 1,087,740 | 0 | 0 | 0 | For |
| ProShares | 912,186 | 0 | 0 | 0 | For |
| MFS | 884,238 | 0 | 0 | 0 | For |
| AllianceBernstein | 846,106 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 830,000 | 0 | 0 | 0 | For |
| First Trust | 788,924 | 0 | 0 | 0 | For |
| JPMorgan | 528,099 | 0 | 0 | 0 | For |
| MATTHEWS INTERNATIONAL FUNDS | 340,676 | 0 | 0 | 0 | For |
| Victory Capital | 292,981 | 0 | 0 | 0 | For |
| WisdomTree | 270,157 | 0 | 0 | 0 | For |
| NYLIM VP FUNDS TRUST | 208,993 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 205,421 | 0 | 0 | 0 | For |
| EXCHANGE TRADED CONCEPTS TRUST | 198,373 | 0 | 0 | 0 | For |
| Northern Trust | 184,129 | 0 | 0 | 0 | For |
| BNY Mellon | 176,999 | 0 | 0 | 0 | For |
Showing the 25 largest of 77 asset managers. See all 77 in the interactive database.
87% of fund votes cast · no official result
The 77 asset managers below reported 63,761,943 for, 9,570,252 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 24,945,569 | 0 | 0 | 0 | For |
| Fidelity | 19,339,454 | 0 | 0 | 0 | For |
| Invesco | 0 | 4,679,551 | 0 | 0 | Against |
| Dodge & Cox | 3,719,700 | 0 | 0 | 0 | For |
| EUPAC FUND | 3,051,547 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 1,769,303 | 0 | 0 | Against |
| State Street | 1,712,158 | 875 | 0 | 0 | For |
| TIAA | 0 | 1,632,126 | 0 | 0 | Against |
| Dimensional | 1,326,548 | 0 | 0 | 0 | For |
| Capital Group | 1,164,800 | 0 | 0 | 0 | For |
| American Century | 1,087,740 | 0 | 0 | 0 | For |
| ProShares | 912,186 | 0 | 0 | 0 | For |
| MFS | 0 | 884,238 | 0 | 0 | Against |
| AllianceBernstein | 846,106 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 830,000 | 0 | 0 | 0 | For |
| First Trust | 788,924 | 0 | 0 | 0 | For |
| JPMorgan | 528,099 | 0 | 0 | 0 | For |
| MATTHEWS INTERNATIONAL FUNDS | 340,676 | 0 | 0 | 0 | For |
| Victory Capital | 292,981 | 0 | 0 | 0 | For |
| WisdomTree | 270,157 | 0 | 0 | 0 | For |
| NYLIM VP FUNDS TRUST | 195,393 | 13,600 | 0 | 0 | Mixed |
| Columbia Threadneedle | 0 | 205,421 | 0 | 0 | Against |
| EXCHANGE TRADED CONCEPTS TRUST | 198,373 | 0 | 0 | 0 | For |
| Northern Trust | 184,129 | 0 | 0 | 0 | For |
| BNY Mellon | 176,999 | 0 | 0 | 0 | For |
Showing the 25 largest of 77 asset managers. See all 77 in the interactive database.
13% of fund votes cast · no official result
The 77 asset managers below reported 9,479,462 for, 63,852,733 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 0 | 24,945,569 | 0 | 0 | Against |
| Fidelity | 245,053 | 19,094,401 | 0 | 0 | Against |
| Invesco | 0 | 4,679,551 | 0 | 0 | Against |
| Dodge & Cox | 3,719,700 | 0 | 0 | 0 | For |
| EUPAC FUND | 3,051,547 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 1,769,303 | 0 | 0 | Against |
| State Street | 227 | 1,712,806 | 0 | 0 | Against |
| TIAA | 0 | 1,632,126 | 0 | 0 | Against |
| Dimensional | 0 | 1,326,548 | 0 | 0 | Against |
| Capital Group | 1,164,800 | 0 | 0 | 0 | For |
| American Century | 0 | 1,087,740 | 0 | 0 | Against |
| ProShares | 0 | 912,186 | 0 | 0 | Against |
| MFS | 0 | 884,238 | 0 | 0 | Against |
| AllianceBernstein | 0 | 846,106 | 0 | 0 | Against |
| Delaware/Macquarie | 0 | 830,000 | 0 | 0 | Against |
| First Trust | 0 | 788,924 | 0 | 0 | Against |
| JPMorgan | 0 | 528,099 | 0 | 0 | Against |
| MATTHEWS INTERNATIONAL FUNDS | 0 | 340,676 | 0 | 0 | Against |
| Victory Capital | 0 | 292,981 | 0 | 0 | Against |
| WisdomTree | 0 | 270,157 | 0 | 0 | Against |
| NYLIM VP FUNDS TRUST | 195,393 | 13,600 | 0 | 0 | Mixed |
| Columbia Threadneedle | 205,421 | 0 | 0 | 0 | For |
| EXCHANGE TRADED CONCEPTS TRUST | 0 | 198,373 | 0 | 0 | Against |
| Northern Trust | 184,129 | 0 | 0 | 0 | For |
| BNY Mellon | 172,450 | 4,549 | 0 | 0 | For |
Showing the 25 largest of 77 asset managers. See all 77 in the interactive database.
97% of fund votes cast · no official result
The 77 asset managers below reported 71,384,689 for, 1,947,506 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 24,945,569 | 0 | 0 | 0 | For |
| Fidelity | 19,339,454 | 0 | 0 | 0 | For |
| Invesco | 4,679,551 | 0 | 0 | 0 | For |
| Dodge & Cox | 3,719,700 | 0 | 0 | 0 | For |
| EUPAC FUND | 3,051,547 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 1,769,303 | 0 | 0 | Against |
| State Street | 1,712,158 | 875 | 0 | 0 | For |
| TIAA | 1,632,126 | 0 | 0 | 0 | For |
| Dimensional | 1,326,548 | 0 | 0 | 0 | For |
| Capital Group | 1,164,800 | 0 | 0 | 0 | For |
| American Century | 1,087,740 | 0 | 0 | 0 | For |
| ProShares | 912,186 | 0 | 0 | 0 | For |
| MFS | 884,238 | 0 | 0 | 0 | For |
| AllianceBernstein | 846,106 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 830,000 | 0 | 0 | 0 | For |
| First Trust | 788,924 | 0 | 0 | 0 | For |
| JPMorgan | 528,099 | 0 | 0 | 0 | For |
| MATTHEWS INTERNATIONAL FUNDS | 340,676 | 0 | 0 | 0 | For |
| Victory Capital | 292,981 | 0 | 0 | 0 | For |
| WisdomTree | 270,157 | 0 | 0 | 0 | For |
| NYLIM VP FUNDS TRUST | 208,993 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 205,421 | 0 | 0 | 0 | For |
| EXCHANGE TRADED CONCEPTS TRUST | 198,373 | 0 | 0 | 0 | For |
| Northern Trust | 184,129 | 0 | 0 | 0 | For |
| BNY Mellon | 176,999 | 0 | 0 | 0 | For |
Showing the 25 largest of 77 asset managers. See all 77 in the interactive database.
24% of fund votes cast · no official result
The 77 asset managers below reported 17,911,132 for, 55,421,063 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 0 | 24,945,569 | 0 | 0 | Against |
| Fidelity | 245,053 | 19,094,401 | 0 | 0 | Against |
| Invesco | 4,679,551 | 0 | 0 | 0 | For |
| Dodge & Cox | 3,719,700 | 0 | 0 | 0 | For |
| EUPAC FUND | 3,051,547 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,769,303 | 0 | 0 | 0 | For |
| State Street | 346 | 1,712,687 | 0 | 0 | Against |
| TIAA | 0 | 1,632,126 | 0 | 0 | Against |
| Dimensional | 0 | 1,326,548 | 0 | 0 | Against |
| Capital Group | 1,164,800 | 0 | 0 | 0 | For |
| American Century | 0 | 1,087,740 | 0 | 0 | Against |
| ProShares | 0 | 912,186 | 0 | 0 | Against |
| MFS | 884,238 | 0 | 0 | 0 | For |
| AllianceBernstein | 846,106 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 0 | 830,000 | 0 | 0 | Against |
| First Trust | 0 | 788,924 | 0 | 0 | Against |
| JPMorgan | 0 | 528,099 | 0 | 0 | Against |
| MATTHEWS INTERNATIONAL FUNDS | 0 | 340,676 | 0 | 0 | Against |
| Victory Capital | 0 | 292,981 | 0 | 0 | Against |
| WisdomTree | 0 | 270,157 | 0 | 0 | Against |
| NYLIM VP FUNDS TRUST | 208,993 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 205,421 | 0 | 0 | 0 | For |
| EXCHANGE TRADED CONCEPTS TRUST | 0 | 198,373 | 0 | 0 | Against |
| Northern Trust | 184,129 | 0 | 0 | 0 | For |
| BNY Mellon | 172,450 | 4,549 | 0 | 0 | For |
Showing the 25 largest of 77 asset managers. See all 77 in the interactive database.
24% of fund votes cast · no official result
The 77 asset managers below reported 17,825,391 for, 55,506,804 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 0 | 24,945,569 | 0 | 0 | Against |
| Fidelity | 245,053 | 19,094,401 | 0 | 0 | Against |
| Invesco | 4,679,551 | 0 | 0 | 0 | For |
| Dodge & Cox | 3,719,700 | 0 | 0 | 0 | For |
| EUPAC FUND | 3,051,547 | 0 | 0 | 0 | For |
| T. Rowe Price | 1,769,303 | 0 | 0 | 0 | For |
| State Street | 346 | 1,712,687 | 0 | 0 | Against |
| TIAA | 0 | 1,632,126 | 0 | 0 | Against |
| Dimensional | 0 | 1,326,548 | 0 | 0 | Against |
| Capital Group | 1,164,800 | 0 | 0 | 0 | For |
| American Century | 0 | 1,087,740 | 0 | 0 | Against |
| ProShares | 0 | 912,186 | 0 | 0 | Against |
| MFS | 884,238 | 0 | 0 | 0 | For |
| AllianceBernstein | 846,106 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 0 | 830,000 | 0 | 0 | Against |
| First Trust | 0 | 788,924 | 0 | 0 | Against |
| JPMorgan | 0 | 528,099 | 0 | 0 | Against |
| MATTHEWS INTERNATIONAL FUNDS | 0 | 340,676 | 0 | 0 | Against |
| Victory Capital | 0 | 292,981 | 0 | 0 | Against |
| WisdomTree | 0 | 270,157 | 0 | 0 | Against |
| NYLIM VP FUNDS TRUST | 195,393 | 13,600 | 0 | 0 | Mixed |
| Columbia Threadneedle | 205,421 | 0 | 0 | 0 | For |
| EXCHANGE TRADED CONCEPTS TRUST | 0 | 198,373 | 0 | 0 | Against |
| Northern Trust | 184,129 | 0 | 0 | 0 | For |
| BNY Mellon | 172,450 | 4,549 | 0 | 0 | For |
Showing the 25 largest of 77 asset managers. See all 77 in the interactive database.
99.1% of fund votes cast · no official result
The 51 asset managers below reported 28,678,553 for, 256,350 against, 52,504 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 12,384,508 | 124,085 | 0 | 0 | For |
| Krane Shares Trust | 5,744,937 | 0 | 0 | 0 | For |
| Vanguard | 5,577,573 | 0 | 0 | 0 | For |
| Charles Schwab | 1,223,863 | 0 | 0 | 0 | For |
| BAILLIE GIFFORD FUNDS | 839,954 | 0 | 0 | 0 | For |
| Jackson National | 432,754 | 58,644 | 0 | 0 | Mixed |
| Global X | 486,155 | 0 | 0 | 0 | For |
| Hartford | 452,834 | 0 | 0 | 0 | For |
| NEOS ETF Trust | 243,054 | 0 | 0 | 0 | For |
| John Hancock | 231,990 | 0 | 0 | 0 | For |
| Russell Investments | 115,227 | 0 | 0 | 0 | For |
| Fidelity | 113,014 | 0 | 0 | 0 | For |
| Brighthouse | 85,150 | 0 | 9,391 | 0 | Mixed |
| Mercer Funds | 91,011 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 44,857 | 38,152 | 0 | 0 | Mixed |
| SEI | 77,409 | 0 | 0 | 0 | For |
| Prudential/PGIM | 74,142 | 0 | 0 | 0 | For |
| Investment Managers Series Trust | 67,424 | 0 | 0 | 0 | For |
| First Trust | 59,213 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 46,728 | 0 | 0 | 0 | For |
| Pacer Funds Trust | 45,641 | 0 | 0 | 0 | For |
| Series Portfolios Trust | 0 | 0 | 43,113 | 0 | Abstain |
| OPTIMUM FUND TRUST | 28,361 | 0 | 0 | 0 | For |
| VanEck Funds | 23,700 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 22,500 | 0 | 0 | 0 | For |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
73% of fund votes cast · no official result
The 51 asset managers below reported 21,080,248 for, 7,854,655 against, 52,504 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 12,508,593 | 0 | 0 | 0 | For |
| Krane Shares Trust | 0 | 5,744,937 | 0 | 0 | Against |
| Vanguard | 5,577,573 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 1,223,863 | 0 | 0 | Against |
| BAILLIE GIFFORD FUNDS | 839,954 | 0 | 0 | 0 | For |
| Jackson National | 432,754 | 58,644 | 0 | 0 | Mixed |
| Global X | 3,538 | 482,617 | 0 | 0 | Against |
| Hartford | 452,834 | 0 | 0 | 0 | For |
| NEOS ETF Trust | 243,054 | 0 | 0 | 0 | For |
| John Hancock | 231,990 | 0 | 0 | 0 | For |
| Russell Investments | 0 | 115,227 | 0 | 0 | Against |
| Fidelity | 113,014 | 0 | 0 | 0 | For |
| Brighthouse | 85,150 | 0 | 9,391 | 0 | Mixed |
| Mercer Funds | 40,129 | 50,882 | 0 | 0 | Mixed |
| MASTER INVESTMENT PORTFOLIO | 83,009 | 0 | 0 | 0 | For |
| SEI | 0 | 77,409 | 0 | 0 | Against |
| Prudential/PGIM | 74,142 | 0 | 0 | 0 | For |
| Investment Managers Series Trust | 67,424 | 0 | 0 | 0 | For |
| First Trust | 59,213 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 46,728 | 0 | 0 | 0 | For |
| Pacer Funds Trust | 45,641 | 0 | 0 | 0 | For |
| Series Portfolios Trust | 0 | 0 | 43,113 | 0 | Abstain |
| OPTIMUM FUND TRUST | 28,361 | 0 | 0 | 0 | For |
| VanEck Funds | 0 | 23,700 | 0 | 0 | Against |
| CARILLON SERIES TRUST | 22,500 | 0 | 0 | 0 | For |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
27% of fund votes cast · no official result
The 51 asset managers below reported 7,907,715 for, 21,027,188 against, 52,504 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 0 | 12,508,593 | 0 | 0 | Against |
| Krane Shares Trust | 0 | 5,744,937 | 0 | 0 | Against |
| Vanguard | 5,577,573 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 1,223,863 | 0 | 0 | Against |
| BAILLIE GIFFORD FUNDS | 839,954 | 0 | 0 | 0 | For |
| Jackson National | 432,754 | 58,644 | 0 | 0 | Mixed |
| Global X | 3,538 | 482,617 | 0 | 0 | Against |
| Hartford | 0 | 452,834 | 0 | 0 | Against |
| NEOS ETF Trust | 243,054 | 0 | 0 | 0 | For |
| John Hancock | 231,990 | 0 | 0 | 0 | For |
| Russell Investments | 0 | 115,227 | 0 | 0 | Against |
| Fidelity | 0 | 113,014 | 0 | 0 | Against |
| Brighthouse | 85,150 | 0 | 9,391 | 0 | Mixed |
| Mercer Funds | 40,129 | 50,882 | 0 | 0 | Mixed |
| MASTER INVESTMENT PORTFOLIO | 0 | 83,009 | 0 | 0 | Against |
| SEI | 0 | 77,409 | 0 | 0 | Against |
| Prudential/PGIM | 74,142 | 0 | 0 | 0 | For |
| Investment Managers Series Trust | 67,424 | 0 | 0 | 0 | For |
| First Trust | 59,213 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 46,728 | 0 | 0 | 0 | For |
| Pacer Funds Trust | 45,641 | 0 | 0 | 0 | For |
| Series Portfolios Trust | 0 | 0 | 43,113 | 0 | Abstain |
| OPTIMUM FUND TRUST | 28,361 | 0 | 0 | 0 | For |
| VanEck Funds | 0 | 23,700 | 0 | 0 | Against |
| CARILLON SERIES TRUST | 22,500 | 0 | 0 | 0 | For |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
28% of fund votes cast · no official result
The 51 asset managers below reported 8,000,387 for, 20,934,516 against, 52,504 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 124,085 | 12,384,508 | 0 | 0 | Against |
| Krane Shares Trust | 0 | 5,744,937 | 0 | 0 | Against |
| Vanguard | 5,577,573 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 1,223,863 | 0 | 0 | Against |
| BAILLIE GIFFORD FUNDS | 839,954 | 0 | 0 | 0 | For |
| Jackson National | 30,202 | 461,196 | 0 | 0 | Mixed |
| Global X | 0 | 486,155 | 0 | 0 | Against |
| Hartford | 452,834 | 0 | 0 | 0 | For |
| NEOS ETF Trust | 243,054 | 0 | 0 | 0 | For |
| John Hancock | 39,786 | 192,204 | 0 | 0 | Mixed |
| Russell Investments | 0 | 115,227 | 0 | 0 | Against |
| Fidelity | 113,014 | 0 | 0 | 0 | For |
| Brighthouse | 85,150 | 0 | 9,391 | 0 | Mixed |
| Mercer Funds | 40,129 | 50,882 | 0 | 0 | Mixed |
| MASTER INVESTMENT PORTFOLIO | 38,152 | 44,857 | 0 | 0 | Mixed |
| SEI | 0 | 77,409 | 0 | 0 | Against |
| Prudential/PGIM | 74,142 | 0 | 0 | 0 | For |
| Investment Managers Series Trust | 67,424 | 0 | 0 | 0 | For |
| First Trust | 59,213 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 46,728 | 0 | 0 | 0 | For |
| Pacer Funds Trust | 45,641 | 0 | 0 | 0 | For |
| Series Portfolios Trust | 0 | 0 | 43,113 | 0 | Abstain |
| OPTIMUM FUND TRUST | 28,361 | 0 | 0 | 0 | For |
| VanEck Funds | 0 | 23,700 | 0 | 0 | Against |
| CARILLON SERIES TRUST | 0 | 22,500 | 0 | 0 | Against |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
98% of fund votes cast · no official result
The 51 asset managers below reported 28,276,768 for, 658,135 against, 52,504 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 12,508,593 | 0 | 0 | 0 | For |
| Krane Shares Trust | 5,744,937 | 0 | 0 | 0 | For |
| Vanguard | 5,577,573 | 0 | 0 | 0 | For |
| Charles Schwab | 1,223,863 | 0 | 0 | 0 | For |
| BAILLIE GIFFORD FUNDS | 839,954 | 0 | 0 | 0 | For |
| Jackson National | 88,846 | 402,552 | 0 | 0 | Mixed |
| Global X | 482,617 | 3,538 | 0 | 0 | For |
| Hartford | 452,834 | 0 | 0 | 0 | For |
| NEOS ETF Trust | 243,054 | 0 | 0 | 0 | For |
| John Hancock | 39,786 | 192,204 | 0 | 0 | Mixed |
| Russell Investments | 115,227 | 0 | 0 | 0 | For |
| Fidelity | 113,014 | 0 | 0 | 0 | For |
| Brighthouse | 85,150 | 0 | 9,391 | 0 | Mixed |
| Mercer Funds | 91,011 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 83,009 | 0 | 0 | 0 | For |
| SEI | 77,409 | 0 | 0 | 0 | For |
| Prudential/PGIM | 74,142 | 0 | 0 | 0 | For |
| Investment Managers Series Trust | 67,424 | 0 | 0 | 0 | For |
| First Trust | 59,213 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 46,728 | 0 | 0 | 0 | For |
| Pacer Funds Trust | 45,641 | 0 | 0 | 0 | For |
| Series Portfolios Trust | 0 | 0 | 43,113 | 0 | Abstain |
| OPTIMUM FUND TRUST | 28,361 | 0 | 0 | 0 | For |
| VanEck Funds | 23,700 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 0 | 22,500 | 0 | 0 | Against |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
98% of fund votes cast · no official result
The 51 asset managers below reported 28,276,768 for, 658,135 against, 52,504 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 12,508,593 | 0 | 0 | 0 | For |
| Krane Shares Trust | 5,744,937 | 0 | 0 | 0 | For |
| Vanguard | 5,577,573 | 0 | 0 | 0 | For |
| Charles Schwab | 1,223,863 | 0 | 0 | 0 | For |
| BAILLIE GIFFORD FUNDS | 839,954 | 0 | 0 | 0 | For |
| Jackson National | 88,846 | 402,552 | 0 | 0 | Mixed |
| Global X | 482,617 | 3,538 | 0 | 0 | For |
| Hartford | 452,834 | 0 | 0 | 0 | For |
| NEOS ETF Trust | 243,054 | 0 | 0 | 0 | For |
| John Hancock | 39,786 | 192,204 | 0 | 0 | Mixed |
| Russell Investments | 115,227 | 0 | 0 | 0 | For |
| Fidelity | 113,014 | 0 | 0 | 0 | For |
| Brighthouse | 85,150 | 0 | 9,391 | 0 | Mixed |
| Mercer Funds | 91,011 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 83,009 | 0 | 0 | 0 | For |
| SEI | 77,409 | 0 | 0 | 0 | For |
| Prudential/PGIM | 74,142 | 0 | 0 | 0 | For |
| Investment Managers Series Trust | 67,424 | 0 | 0 | 0 | For |
| First Trust | 59,213 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 46,728 | 0 | 0 | 0 | For |
| Pacer Funds Trust | 45,641 | 0 | 0 | 0 | For |
| Series Portfolios Trust | 0 | 0 | 43,113 | 0 | Abstain |
| OPTIMUM FUND TRUST | 28,361 | 0 | 0 | 0 | For |
| VanEck Funds | 23,700 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 0 | 22,500 | 0 | 0 | Against |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 5,568,585,848 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 0.45% |
| 2 | Fidelity | 0.35% |
| 3 | Invesco | 0.08% |
| 4 | Dodge & Cox | 0.07% |
| 5 | EUPAC FUND | 0.05% |
| 6 | T. Rowe Price | 0.03% |
| 7 | State Street | 0.03% |
| 8 | TIAA | 0.03% |
| 9 | Dimensional | 0.02% |
| 10 | Capital Group | 0.02% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | RWC ASSET ADVISORS (US) LLC | <0.01% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| Holder | % outstanding | Disclosure |
|---|---|---|
| BlackRock | 0.71% | 13F |
| Vanguard Group | 0.59% | 13F |
| Goldman Sachs | 0.23% | 13F |
| State Street | 0.22% | 13F |
| Citadel Advisors | 0.15% | 13F |
| JPMorgan Chase | 0.14% | 13F |
| Geode Capital | 0.12% | 13F |
| Invesco | 0.12% | 13F |
| FMR (Fidelity) | 0.11% | 13F |
| Morgan Stanley | 0.11% | 13F |
Percentages above are of 5,568,585,848 shares outstanding, as reported by PDD Holdings Inc. on its Form 20-F dated December 31, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from PDD Holdings Inc.’s 20-F dated December 31, 2024. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.
At PDD Holdings Inc.'s shareholder meeting held December 19, 2025, in the 2025-2026 proxy season, 120 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,362 separate fund positions. Their filings are grouped here into 12 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Elect Director Anthony Kam Ping Leung — the reporting funds cast 98% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.
PDD Holdings Inc. proxy season coverage: 2024-2025 · 2025-2026 (this page).
Download data (CSV): ballot items · votes by manager · column guide.