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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
FMR LLC21,744,763$233.3M0.01%−13,028,901−37.5%Reduced
All-Stars Investment Ltd22,095,164$237.1M88.62%00.0%Unchanged
Aspex Management (HK) Ltd23,763,953$255.0M5.18%00.0%Unchanged
Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management28,597,879$306.9M7.59%00.0%Unchanged
Krane Funds Advisors LLC32,100,736$344.4M11.18%+3,935,263+14.0%Added
Vanguard Group Inc33,004,634$354.1M0.01%+461,147+1.4%Added
Schroder Investment Management Group47,859,035$513.5M0.39%+14,525,984+43.6%Added
Invesco Ltd.58,272,671$625.3M0.06%+4,049,322+7.5%Added
FIL Ltd64,382,173$690.8M0.52%+1,040,793+1.6%Added
First Beijing Investment Ltd76,616,568$822.1M32.42%+7,970,988+11.6%Added
Barometer Capital Management Inc.13,200––−4,817−26.7%Reduced
HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse)0$00.00%−4,066,553−100.0%Sold out
National Bank of Canada0$00.00%−2,757,300−100.0%Sold out
Voloridge Investment Management, LLC0$00.00%−2,138,092−100.0%Sold out
Keystone Investors Pte Ltd0$00.00%−1,559,186−100.0%Sold out
Susquehanna Fundamental Investments, LLC0$00.00%−1,034,085−100.0%Sold out
Optimas Capital Ltd0$00.00%−497,885−100.0%Sold out
Acadian Asset Management LLC0$00.00%−479,120−100.0%Sold out
Beaconlight Capital, LLC0$00.00%−458,277−100.0%Sold out
Octahedron Capital Management L.P.0$00.00%−452,000−100.0%Sold out
Mawer Investment Management Ltd.0$00.00%−431,100−100.0%Sold out
Driehaus Capital Management LLC0$00.00%−286,309−100.0%Sold out
Nomura Holdings Inc0$00.00%−285,746−100.0%Sold out
AI-Squared Management Ltd0$00.00%−278,700−100.0%Sold out
Y-Intercept (Hong Kong) Ltd0$00.00%−248,436−100.0%Sold out
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main0$00.00%−200,000−100.0%Sold out
Parametrica Management Ltd0$00.00%−183,840−100.0%Sold out
Handelsbanken Fonder AB0$00.00%−146,956−100.0%Sold out
Trexquant Investment LP0$00.00%−139,461−100.0%Sold out
Woodline Partners LP0$00.00%−136,899−100.0%Sold out
First Trust Advisors LP0$00.00%−125,176−100.0%Sold out
FengHe Fund Management Pte. Ltd.0$00.00%−119,100−100.0%Sold out
Northwest & Ethical Investments L.P.0$00.00%−118,002−100.0%Sold out
Veritas Asset Management LLP0$00.00%−111,136−100.0%Sold out
Prudential PLC0$00.00%−105,812−100.0%Sold out
IMC-Chicago, LLC0$00.00%−105,508−100.0%Sold out
Quantitative Investment Management, LLC0$00.00%−99,525−100.0%Sold out
Myriad Asset Management US LP0$00.00%−97,477−100.0%Sold out
Prelude Capital Management, LLC0$00.00%−92,971−100.0%Sold out
GTS Securities LLC0$00.00%−73,931−100.0%Sold out
Verition Fund Management LLC0$00.00%−71,807−100.0%Sold out
Centiva Capital, LP0$00.00%−62,116−100.0%Sold out
Bayesian Capital Management, LP0$00.00%−52,900−100.0%Sold out
Wexford Capital LP0$00.00%−40,996−100.0%Sold out
NFJ Investment Group, LLC0$00.00%−35,221−100.0%Sold out
Scientech Research LLC0$00.00%−26,786−100.0%Sold out
Polymer Capital Management (HK) LTD0$00.00%−23,149−100.0%Sold out
HighTower Advisors, LLC0$00.00%−18,011−100.0%Sold out
Jasper Ridge Partners, L.P.0$00.00%−13,738−100.0%Sold out
Brevan Howard Capital Management LP0$00.00%−11,213−100.0%Sold out
Ci Investments Inc.0$00.00%−10,924−100.0%Sold out
Virtu Financial LLC0$00.00%−10,533−100.0%Sold out
Shen Neil Nanpeng0$00.00%−7,174−100.0%Sold out
Aquatic Capital Management LLC0$00.00%−3,945−100.0%Sold out
Fairman Group, LLC0$00.00%−583−100.0%Sold out
Principal Securities, Inc.0$00.00%−228−100.0%Sold out
Bessemer Group Inc0$00.00%−180−100.0%Sold out
Blue Creek Capital Management Ltd––––Not filed
Pinebridge Investments, L.P.––––Not filed
Burgundy Asset Management Ltd.––––Not filed
Wolverine Trading, LLC––––Not filed