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Full Truck Alliance Co. Ltd.

YMM
Exchange
NYSE
Industry
Services-Prepackaged Software
SEC CIK
0001838413

No open-market purchases or sales by Full Truck Alliance Co. Ltd. insiders were filed in the last 90 days; 245 institutions reported holding it in 13F filings for Q2 2026, worth $6.01B in total; Greenwoods Asset Management is the only superinvestor holding it.

13F holders, Q4 2025

Institutional positions in Full Truck Alliance Co. Ltd. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
211
−14 vs. Q3 2025
Shares held
743.9M
+33.7M (+4.7%) vs. Q3 2025
Total value
$7.98B
−$1.22B (−13.2%) vs. Q3 2025
New holders
32
76 more added
Sold out
46
75 more reduced

4 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting YMM on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 211 institutions
Q1 2021: 0 institutionsQ2 2021: 67 institutionsQ3 2021: 57 institutionsQ4 2021: 97 institutionsQ1 2022: 88 institutionsQ2 2022: 109 institutionsQ3 2022: 105 institutionsQ4 2022: 126 institutionsQ1 2023: 133 institutionsQ2 2023: 118 institutionsQ3 2023: 121 institutionsQ4 2023: 149 institutionsQ1 2024: 146 institutionsQ2 2024: 177 institutionsQ3 2024: 170 institutionsQ4 2024: 195 institutionsQ1 2025: 247 institutionsQ2 2025: 229 institutionsQ3 2025: 229 institutionsQ4 2025: 211 institutionsQ1 2026: 203 institutionsQ2 2026: 245 institutions
Value heldQ4 2025: $7.98B
Q1 2021: $0Q2 2021: $1.80BQ3 2021: $1.54BQ4 2021: $2.56BQ1 2022: $2.40BQ2 2022: $3.53BQ3 2022: $2.65BQ4 2022: $3.60BQ1 2023: $3.49BQ2 2023: $2.73BQ3 2023: $3.10BQ4 2023: $3.25BQ1 2024: $3.66BQ2 2024: $4.39BQ3 2024: $4.84BQ4 2024: $6.93BQ1 2025: $8.32BQ2 2025: $7.93BQ3 2025: $9.24BQ4 2025: $7.98BQ1 2026: $5.96BQ2 2026: $6.01B
Institutions holding YMM and their total value by quarter
QuarterHoldersValue
Q2 2026245$6.01B
Q1 2026203$5.96B
Q4 2025211$7.98B
Q3 2025229$9.24B
Q2 2025229$7.93B
Q1 2025247$8.32B
Q4 2024195$6.93B
Q3 2024170$4.84B
Q2 2024177$4.39B
Q1 2024146$3.66B
Q4 2023149$3.25B
Q3 2023121$3.10B
Q2 2023118$2.73B
Q1 2023133$3.49B
Q4 2022126$3.60B
Q3 2022105$2.65B
Q2 2022109$3.53B
Q1 202288$2.40B
Q4 202197$2.56B
Q3 202157$1.54B
Q2 202167$1.80B
Q1 20210$0

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Full Truck Alliance Co. Ltd.; share changes are against Q3 2025.

Institutions holding YMM in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
First Beijing Investment Ltd76,616,568$822.1M32.42%+7,970,988+11.6%Added
FIL Ltd64,382,173$690.8M0.52%+1,040,793+1.6%Added
Invesco Ltd.58,272,671$625.3M0.06%+4,049,322+7.5%Added
Schroder Investment Management Group47,859,035$513.5M0.39%+14,525,984+43.6%Added
Vanguard Group Inc33,004,634$354.1M0.01%+461,147+1.4%Added
Krane Funds Advisors LLC32,100,736$344.4M11.18%+3,935,263+14.0%Added
Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management28,597,879$306.9M7.59%00.0%Unchanged
Aspex Management (HK) Ltd23,763,953$255.0M5.18%00.0%Unchanged
All-Stars Investment Ltd22,095,164$237.1M88.62%00.0%Unchanged
FMR LLC21,744,763$233.3M0.01%−13,028,901−37.5%Reduced
Kontiki Capital Management (HK) Ltd.20,380,969$218.7M12.71%+5,032,179+32.8%Added
JPMorgan Chase & Co18,127,264$194.5M0.01%−4,892,445−21.3%Reduced
Mitsubishi UFJ Trust & Banking Corp17,625,617$189.1M0.45%+6,977,787+65.5%Added
Davis Selected Advisers17,537,524$188.2M0.85%+2,555,751+17.1%Added
Capital International Investors16,533,004$177.4M0.03%+2,020,514+13.9%Added
Oceanlink Management Ltd.15,007,851$161.0M31.38%+9,983,779+198.7%Added
Morgan Stanley14,769,842$158.5M0.01%−8,609,709−36.8%Reduced
Ward Ferry Management (BVI) Ltd14,650,662$157.2M19.52%−3,778,922−20.5%Reduced
Alkeon Capital Management LLC14,198,535$152.4M0.67%00.0%Unchanged
SC US (TTGP), Ltd.13,057,904$140.1M1.00%00.0%Unchanged
North of South Capital LLP10,847,821$116.4M10.46%+240,446+2.3%Added
UBS Group AG9,411,834$101.0M0.02%+8,221,287+690.5%Added
Empower Harvest Management Services, Inc.8,970,263$96.3M100.00%00.0%Unchanged
Norges Bank8,622,839$92.5M0.01%+8,622,839New
Wellington Management Group LLP8,191,592$87.9M0.02%+8,191,592New
Alpine Investment Management Ltd7,444,800$79.9M35.88%+3,444,800+86.1%Added
Sands Capital Management, LLC6,123,768$65.7M0.20%−643,087−9.5%Reduced
Bamco Inc5,772,623$61.9M0.17%−542,234−8.6%Reduced
Mondrian Investment Partners LTD5,548,648$59.5M0.98%+5,548,648New
SB Investment Advisers (UK) Ltd5,272,390$56.6M0.57%−4,852,722−47.9%Reduced
Goldman Sachs Group Inc5,054,721$54.2M0.01%−1,026,568−16.9%Reduced
Capital International Inc3,900,483$41.9M0.33%+40,641+1.1%Added
Softbank Group Corp3,884,483$41.7M0.27%−521,828−11.8%Reduced
Carrhae Capital LLP3,807,441$40.9M2.72%+1,132,667+42.3%Added
Oaktree Capital Management LPSuperinvestorOaktree Capital3,519,764$37.8M0.61%−277,933−7.3%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.3,103,462$33.3M0.04%+65,685+2.2%Added
Polunin Capital Partners Ltd3,152,133$31.1M4.79%+6,787+0.2%Added
Robeco Institutional Asset Management B.V.2,811,870$30.2M0.04%+334,124+13.5%Added
Nordea Investment Management AB2,326,558$25.1M0.02%+627,118+36.9%Added
Russell Investments Group, Ltd.2,320,735$24.9M0.03%+60,369+2.7%Added
Jane Street Group, LLC2,229,380$23.9M0.03%+590,805+36.1%Added
Janus Henderson Group PLC2,221,204$23.8M0.01%−495,756−18.2%Reduced
Pinpoint Asset Management (Singapore) Pte. Ltd.2,130,451$22.9M4.76%−1,936,488−47.6%Reduced
Marshall Wace, LLP2,081,499$22.3M0.02%+2,081,499New
Triata Capital Ltd2,004,719$21.5M2.61%+995,500+98.6%Added
State Street Corp1,868,264$20.0M0.00%−13,667−0.7%Reduced
Cederberg Capital Ltd1,828,900$19.6M6.37%−638,100−25.9%Reduced
Serenity Capital Management Pte. Ltd.1,807,769$19.4M5.15%+1,807,769New
Legal & General Group Plc1,775,293$19.0M0.00%+278,108+18.6%Added
Manufacturers Life Insurance Company, The1,627,148$17.5M0.01%−606,245−27.1%Reduced
Bank of America Corp1,594,840$17.1M0.00%−2,233,653−58.3%Reduced
Working Capital Advisors (UK) Ltd.1,583,350$17.0M22.66%+877,853+124.4%Added
BNP Paribas Arbitrage, SA1,552,183$16.7M0.01%−1,052,176−40.4%Reduced
Oversea-Chinese Banking CORP Ltd1,541,153$16.5M0.46%−69,516−4.3%Reduced
Franklin Resources Inc1,348,557$14.5M0.00%+251,897+23.0%Added
Citigroup Inc1,331,148$14.3M0.01%−63,661−4.6%Reduced
Matthews International Capital Management LLC1,296,189$13.9M4.22%−555,249−30.0%Reduced
Highlander Partners, L.P.1,228,237$13.2M4.73%00.0%Unchanged
HSBC Holdings PLC1,216,792$13.1M0.01%−1,120,715−47.9%Reduced
C WorldWide Group Holding A/S1,187,700$12.7M0.22%−180,600−13.2%Reduced
Capitolis Liquid Global Markets LLC1,167,500$12.5M0.07%+1,167,500New
SG Americas Securities, LLC1,146,420$12.3M0.02%+965,601+534.0%Added
Harvest Fund Management Co., Ltd986,505$11.5M0.43%+187,102+23.4%Added
BlackRock, Inc.1,043,979$11.2M0.00%+324,079+45.0%Added
D. E. Shaw & Co., Inc.1,007,460$10.8M0.01%−1,307,470−56.5%Reduced
Charles Schwab Investment Management Inc978,389$10.5M0.00%+1,430+0.1%Added
HarbourVest Partners LLC957,580$10.3M5.90%00.0%Unchanged
HRT Financial LP941,278$10.1M0.03%+895,447+1,953.8%Added
Perpetual Ltd853,980$9.16M0.13%−247,926−22.5%Reduced
GF Fund Management Co. Ltd.817,402$8.77M0.15%+6,607+0.8%Added
Notable Capital Management, L.L.C.810,448$8.70M11.86%+810,448New
Bright Valley Capital Ltd755,876$8.11M5.50%−1,816,124−70.6%Reduced
Price T Rowe Associates Inc697,661$7.49M0.00%00.0%Unchanged
Barclays PLC678,130$7.28M0.00%+104,519+18.2%Added
Ameriprise Financial Inc675,130$7.24M0.00%−2,538,258−79.0%Reduced
California Public Employees Retirement System661,814$7.10M0.00%−381,654−36.6%Reduced
Lazard Asset Management LLC635,723$6.82M0.01%−47,849−7.0%Reduced
LMR Partners LLP630,210$6.76M0.06%+630,210New
Pictet Asset Management Holding SA567,782$6.09M0.01%−679,282−54.5%Reduced
Liontrust Investment Partners LLP545,668$5.86M0.09%−373,167−40.6%Reduced
1832 Asset Management L.P.516,223$5.54M0.01%+516,223New
Boundless Plain Holdings Ltd510,383$5.48M1.75%+510,383New
AIA Group Ltd510,066$5.47M0.08%+49,765+10.8%Added
State of New Jersey Common Pension Fund D498,759$5.35M0.02%+155,286+45.2%Added
BLI - Banque de Luxembourg Investments482,000$5.27M0.15%+220,000+84.0%Added
TB Alternative Assets Ltd.468,434$5.03M0.82%−46,620−9.1%Reduced
Schonfeld Strategic Advisors LLC466,297$5.00M0.03%+340,988+272.1%Added
Van Eck Associates Corp462,943$4.97M0.00%−150,605−24.5%Reduced
Pinebridge Investments Asia Ltd459,229$4.93M1.69%+459,229New
Citadel Advisors LLC439,843$4.72M0.00%+111,856+34.1%Added
Yiheng Capital Management, L.P.411,143$4.41M1.92%+411,143New
Fideuram Asset Management (Ireland) dac344,209$4.02M0.32%+344,209New
Geode Capital Management, LLC308,502$3.31M0.00%+55,706+22.0%Added
Public Employees Retirement System of Ohio305,844$3.28M0.01%00.0%Unchanged
GAM Holding AG303,655$3.26M0.21%−336,705−52.6%Reduced
B. Metzler seel. Sohn & Co. AG299,388$3.21M0.03%+95,995+47.2%Added
Federated Hermes, Inc.292,745$3.14M0.01%−300,879−50.7%Reduced
ABS Direct Equity Fund LLC272,619$2.93M3.48%00.0%Unchanged
Qube Research & Technologies Ltd267,685$2.87M0.00%−1,636,073−85.9%Reduced
Capital International Sarl266,548$2.86M0.05%+2,030+0.8%Added