PDD Holdings Inc.: meeting of 19 Dec 2025

Votes reported on Form N-PX, item by item

206 Form N-PX filers reported votes at the PDD Holdings Inc. meeting of 19 Dec 2025. Their records fall into 1 item below, in ballot order: management items first, then proposals from security holders. Each bar shows how the reporting filers split; it is not the result of the meeting.

foragainstabstain, withhold or otheramber tick: the portion cast against management

Items

DIRECTOR ELECTIONSIssuer

Director elections

6 nominees; 62.4% of reported votes for; 161 filers withheld from or voted against at least one nominee.

2,436 vote records from 206 filers. 21 of the 203 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.

45.1% for9.2% against45.6% other10.3% against management206 filers

How the largest families voted

Family	1. Directors
Vanguard	For
BlackRock and iShares	For
Fidelity	For
Dimensional	Split or no vote
State Street and SPDR	Against *
American Century	Split or no vote
Franklin Templeton	Split or no vote
Invesco	For
Equitable	For
Charles Schwab	Split or no vote
Nuveen and TIAA	Against *
ProShares and ProFunds	Split or no vote
John Hancock and Manulife	For
Morgan Stanley, Eaton Vance and Calvert	For
J.P. Morgan	Split or no vote
Goldman Sachs	For
WisdomTree	Split or no vote
PGIM and Prudential	For
Jackson National funds	For
Northern Trust and FlexShares	For
SEI	Split or no vote
T. Rowe Price	Against *
Thrivent	Split or no vote
Lincoln Financial	Split or no vote
Voya	For
First Trust	For
Russell Investments	Split or no vote
Nationwide	For
Victory Capital	Split or no vote
Brighthouse Funds	For
Guggenheim and Rydex	Split or no vote
Columbia Threadneedle	For
BNY Mellon	For
Capital Group and American Funds	For
Pacific Life funds	For
Global X	Split or no vote
MFS	For
AllianceBernstein	For
Hartford Funds	For
VanEck	Split or no vote
Macquarie and Delaware Funds	Split or no vote
Neuberger Berman	Against *
Lord Abbett	For
Dodge & Cox	For

* against management. A family's position is the way most of its reported shares were voted across its filers; "split" means no single position led. "No report" means none of the family's filers listed the item.

Questions

How did large funds vote at the PDD Holdings Inc. meeting?

206 Form N-PX filers reported votes at the meeting of 19 Dec 2025. The family table lists each of the largest families item by item.

Is this the meeting result?

No. These are the votes of funds and managers that file Form N-PX, counted by filer and by the shares they reported. The certified result, which includes every shareholder, is reported by PDD Holdings Inc. on Form 8-K.

Why are director elections shown as counts only?

Director records name the nominee. This site does not publish pages or rows about individuals, so for director elections it keeps the number of nominees and the split of votes and discards the wording.

Every meeting on file for PDD Holdings Inc.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing PDD Holdings Inc. with a meeting date within three days of 19 Dec 2025. Proposal titles are the most common wording among filers and are replaced by the SEC category where a wording could name a person. Not verified by the SEC. Filings read through 23 Sep 2026.