YMMNYSEServices-Prepackaged SoftwareFiscal year ends December 31
Full Truck Alliance Co. Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 14, 2026
$8.83+0.08 (+0.91%)
Close on Oct 19, 2026
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
3.6%
741M of 20.85B shares
Institutional holders
247
88 new, 41 sold out
Net institutional buying
10M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| SVF Holdings (UK) LLP | 2,242,304,669 | 11.80% | 13G (passive) amendment | Dec 31, 2024 |
| Peter Hui Zhang | 2,137,119,545 | 10.00% | 13G (passive) amendment | Dec 31, 2023 |
| First Beijing Investment Ltd | 1,800,017,900 | 9.60% | 13G (passive) amendment | Mar 31, 2026 |
| SVF Truck (Singapore) Pte. Ltd. | 1,386,022,769 | 7.40% | 13G (passive) amendment | Sep 30, 2025 |
| Pandanus Partners, L.P. | 1,266,827,600 | 6.80% | 13G (passive) amendment | Sep 30, 2025 |
| Invesco Ltd. | 1,084,466,979 | 5.80% | 13G (passive) | Sep 30, 2025 |
| FIL Limited | 1,034,612,400 | 5.50% | 13G (passive) | Dec 31, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of YMM | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| First Beijing Investment Ltd | 91,790,875 | 0.44% | $745.34M | +1,789,980 | 30.50% |
| Invesco Ltd. | 62,128,513 | 0.30% | $504.48M | +2,067,672 | 0.04% |
| FIL Ltd | 60,524,375 | 0.29% | $491.46M | −2,687,196 | 0.35% |
| Greenwoods Asset Management Hong Kong Ltd. | 39,452,419 | 0.19% | $320.35M | −1,505,100 | 14.66% |
| BlackRock, Inc. | 32,143,971 | 0.15% | $261.01M | +31,145,847 | 0.00% |
| Krane Funds Advisors LLC | 28,352,796 | 0.14% | $230.22M | −248,133 | 8.16% |
| Davis Selected Advisers | 27,639,082 | 0.13% | $224.43M | −1,124,109 | 0.96% |
| Vanguard Capital Management LLC | 23,530,788 | 0.11% | $191.07M | −359,254 | 0.00% |
| JPMorgan Chase & Co | 23,155,263 | 0.11% | $187.09M | +1,081,406 | 0.01% |
| Mitsubishi UFJ Trust & Banking Corp | 22,471,443 | 0.11% | $182.47M | +3,160,527 | 0.40% |
| All-Stars Investment Ltd | 21,947,164 | 0.11% | $178.21M | −148,000 | 89.45% |
| Alpine Investment Management Ltd | 17,210,388 | 0.08% | $139.75M | +6,160,388 | 33.99% |
| Ward Ferry Management (BVI) Ltd | 14,210,686 | 0.07% | $115.39K | −439,976 | 17.41% |
| Schroder Investment Management Group | 13,781,521 | 0.07% | $111.91M | −20,983,953 | 0.08% |
| Sc US (Ttgp), Ltd. | 13,057,904 | 0.06% | $106.03M | – | 0.33% |
| North of South Capital LLP | 12,936,046 | 0.06% | $105.04M | +1,817,923 | 7.73% |
| Morgan Stanley | 10,736,456 | 0.05% | $87.18M | +1,223,819 | 0.00% |
| OLP CAPITAL MANAGEMENT Ltd | 10,716,590 | 0.05% | $87.02M | −16,818,948 | 21.75% |
| Goldman Sachs Group Inc | 10,502,067 | 0.05% | $85.28M | +2,925,202 | 0.01% |
| Brilliance Asset Management Ltd | 10,127,735 | 0.05% | $82.24M | +3,605,355 | 24.23% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 247 | 741M | 3.6% | 88 / 79 | 58 / 41 | 126M | 116M |
| Q1 2026 | 203 | 732M | 3.5% | 43 / 68 | 67 / 47 | 165M | 144M |
| Q4 2025 | 211 | 745M | 3.6% | 32 / 77 | 74 / 46 | 112M | 100M |
| Q3 2025 | 229 | 736M | 3.5% | 44 / 77 | 83 / 42 | 190M | 122M |
| Q2 2025 | 229 | 672M | 3.2% | 36 / 93 | 81 / 51 | 98M | 71M |
| Q1 2025 | 247 | 653M | 3.1% | 69 / 92 | 61 / 14 | 97M | 78M |
| Q4 2024 | 195 | 640M | 3.1% | 48 / 60 | 70 / 23 | 171M | 96M |
| Q3 2024 | 170 | 565M | 2.7% | 28 / 61 | 60 / 34 | 71M | 86M |
| Q2 2024 | 177 | 581M | 2.8% | 47 / 58 | 52 / 15 | 129M | 75M |
| Q1 2024 | 146 | 530M | 2.5% | 22 / 60 | 46 / 24 | 116M | 58M |
| Q4 2023 | 149 | 475M | 2.3% | 38 / 42 | 49 / 10 | 60M | 27M |
| Q3 2023 | 121 | 442M | 2.1% | 25 / 35 | 40 / 22 | 43M | 40M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of YMM | Value | % of fund | As of |
|---|---|---|---|---|---|
| KraneShares CSI China Internet ETF | 25,104,993 | 0.12% | $203.85M | 4.15% | Jun 30, 2026 |
| Invesco Developing Markets Fund | 12,472,867 | 0.06% | $118.37M | 1.34% | Jul 31, 2026 |
| Vanguard Total International Stock Index Fund | 10,581,586 | 0.05% | $100.42M | 0.02% | Jul 31, 2026 |
| Vanguard Emerging Markets Stock Index Fund | 9,993,659 | 0.05% | $94.84M | 0.06% | Jul 31, 2026 |
| Davis Global Fund | 6,071,470 | 0.03% | $57.62M | 6.21% | Jul 31, 2026 |
| JPMorgan Emerging Markets Equity Fund | 5,024,377 | 0.02% | $47.68M | 0.44% | Jul 31, 2026 |
| Davis Select Worldwide ETF | 3,873,497 | 0.02% | $36.76M | 6.01% | Jul 31, 2026 |
| Baron Emerging Markets Fund | 3,771,554 | 0.02% | $30.63M | 0.77% | Jun 30, 2026 |
| Strategic Advisers Fidelity Emerging Markets Fund | 3,549,499 | 0.02% | $31.31M | 0.07% | May 31, 2026 |
| Davis Opportunity Fund | 1,933,240 | 0.01% | $15.70M | 2.41% | Jun 30, 2026 |
| Touchstone Strategic Trust-Touchstone Sands Capital Emerging Markets Growth Fund | 1,905,076 | 0.01% | $15.47M | 0.63% | Jun 30, 2026 |
| Davis Select International ETF | 1,802,404 | 0.01% | $17.10M | 5.88% | Jul 31, 2026 |
| Vanguard Ftse All-World Ex-US Index Fund | 1,745,574 | 0.01% | $16.57M | 0.02% | Jul 31, 2026 |
| International Growth and Income Fund | 1,686,880 | 0.01% | $13.70M | 0.07% | Jun 30, 2026 |
| Invesco EQV International Equity Fund | 1,464,665 | 0.01% | $13.90M | 0.74% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Hui Zhang | Chief Executive Officer, Director | 2,100,682,298 | 10.07% | Mar 18, 2026 |
| Langbo Guo | President, Director | 211,771 | 0.00% | Mar 18, 2026 |
| Simon Chong Cai | See Remarks | 1,167,980 | 0.01% | Mar 18, 2026 |
| Kai Shen | See Remarks | 593,777 | 0.00% | Mar 18, 2026 |
| Shanshan Guo | Director | – | – | Mar 18, 2026 |
| Guizhen Ma | Director | 541,102 | 0.00% | Mar 18, 2026 |
| Weidong Ji | Director | 3,358,488 | 0.02% | Mar 18, 2026 |
| Xinzhe Li | Director | 228,162 | 0.00% | Mar 18, 2026 |
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Investment Ltd All-Stars Affiliate | May 21, 2026 | 148,000 | $1.31M | May 22, 2026 | Direct investment |
| Investment Ltd All-Stars Affiliate | Mar 31, 2025 | 1,200,000 | $15.48M | Mar 31, 2025 | Direct investment |
| Growth IV Holdco A. Ltd HSG Affiliate | Mar 11, 2025 | 1,059,947 | $13.36M | Mar 11, 2025 | Direct investment |
| Growth IV Holdco A. Ltd HSG Affiliate | Mar 10, 2025 | 845,240 | $10.48M | Mar 10, 2025 | Direct Investment |
| Growth IV Holdco A. Ltd HSG Affiliate | Mar 7, 2025 | 816,635 | $10.76M | Mar 7, 2025 | Direct investment |
| Investment Ltd All-Stars Affiliate | Nov 21, 2024 | 1,500,000 | $14.76M | Nov 21, 2024 | Direct investment |
| HSG Venture V Holdco I, Ltd Affiliate | May 28, 2024 | 11,126,360 | $100.12M | May 28, 2024 | Direct investment |
| HSG Venture V Holdco I, Ltd Affliate | May 24, 2024 | 9,764,464 | $86.83M | May 24, 2024 | Direct investment |
| Simon Chong Cai Officer | May 23, 2024 | 550,000 | $5.18M | May 23, 2024 | Exercise of share option granted by the Issuer |
| HSG Venture V Holdco I, Ltd Affiliate | May 23, 2024 | 4,068,617 | $36.37M | May 23, 2024 | Direct investment |
| Guizhen Ma Director | Nov 30, 2023 | 1,000,000 | $7.52M | Nov 30, 2023 | Exercise of share option granted by the Issuer |
| Zhenghong Wang Officer | Nov 29, 2023 | 700,000 | $5.21M | Nov 29, 2023 | Exercise of share option granted by the Issuer |
| Hui Zhang Officer, Director, 10% Stockholder | Aug 30, 2023 | 10,000,000 | $71.20M | Aug 30, 2023 | Exercise of share option granted by the Issuer |
| Kai Shen Officer | Aug 30, 2023 | 600,000 | $4.27M | Aug 30, 2023 | Exercise of share option granted by the Issuer |