Full Truck Alliance -SPN ADRYMM

13F holders, Q3 2025 (September 30)
229holders
42new positions
42sold out
5famous investors
$12.95avg. 13F price*

At the end of Q3 2025, 229 institutions reported holding Full Truck Alliance -SPN ADR (YMM) in their 13F filings, unchanged from Q2 2025. 42 opened new positions and 42 sold out. The largest holders were First Beijing Investment Ltd ($890.3M), FIL Ltd ($821.5M) and Invesco Ltd. ($703.3M). 5 famous investors held it, including Howard Marks (1.0% of Oaktree Capital Management's portfolio), Ron Baron (0.2% of Baron Capital (BAMCO)'s portfolio) and David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio).

Company
Full Truck Alliance -SPN ADR
CUSIP
35969L108
Latest filing quarter
Q2 2026

History

Number of 13F holders

050100150200250 Q1 2024: 146Q1 2024Q2 2024: 177Q2 2024Q3 2024: 170Q3 2024Q4 2024: 195Q4 2024Q1 2025: 248Q1 2025Q2 2025: 229Q2 2025Q3 2025: 229Q3 2025Q4 2025: 211Q4 2025Q1 2026: 203Q1 2026Q2 2026: 245Q2 2026

Total Exit/New Position Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions42$496.2M
Exits42$500.5M

All 13F filers, Q2 2025 → Q3 2025: 174,123,205 shares bought and 117,715,337 shares sold, net +56,407,868 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 229 holders

First Beijing Investment Ltd 34.38% Add +73.8% 68,645,580 $890.3M
FIL Ltd 0.65% Add +17.1% 63,341,380 $821.5M
Invesco Ltd. 0.11% Add +66.4% 54,223,349 $703.3M
FMR LLC 0.02% Reduce -9.4% 34,773,664 $451.0M
Schroder Investment Management Group 0.34% Add +2789.6% 33,333,051 $432.3M
Vanguard Group Inc. 0.01% Add +1.1% 32,543,487 $422.1M
Greenwoods Asset Management Hong Kong Ltd. 8.35% Reduce -0.7% 28,597,879 $370.9M
Krane Funds Advisors LLC 10.01% Add +26.4% 28,165,473 $352.1M
Aspex Management (HK) Ltd 6.59% Add +5.8% 23,763,953 $308.2M
Morgan Stanley 0.02% Reduce -15.6% 23,379,551 $303.2M
JPMorgan Chase & Co. 0.02% Reduce -24.2% 23,019,709 $298.6M
All-Stars Investment Ltd 87.59% No change 22,095,164 $286.6M
WFM ASIA (BVI) Ltd 26.51% Reduce -2.0% 18,429,584 $239.0M
Kontiki Capital Management (HK) Ltd. 10.59% Reduce -1.3% 15,348,790 $199.1M
Davis Selected Advisers 1.01% Add +28.8% 14,981,773 $194.3M
Capital International Investors 0.03% New 14,512,490 $188.2M
Alkeon Capital Management LLC 0.83% Reduce -3.4% 14,198,535 $184.2M
SC US (ttgp), LTD. 1.05% No change 13,057,904 $169.4M
Mitsubishi UFJ Trust & Banking Corp 0.30% Add +76.4% 10,647,830 $138.1M
North of South Capital LLP 13.22% Add +33.9% 10,607,375 $137.6M
SB Investment Advisers (uk) Ltd. 0.99% Add +216.7% 10,125,112 $131.3M
Empower Harvest Management Services, Inc. 100.00% No change 8,970,263 $116.3M
Sands Capital Management, LLC 0.24% Reduce -2.3% 6,766,855 $87.8M
Baron Capital (BAMCO) 0.22% Reduce -21.1% 6,314,857 $81.9M
Goldman Sachs Group Inc. 0.01% Reduce -46.0% 6,081,289 $78.9M
OLP CAPITAL MANAGEMENT Ltd 11.50% Reduce -70.0% 5,024,072 $65.2M
Softbank Group Corp. 0.22% Add +68.3% 4,406,311 $57.1M
Pinpoint Asset Management (Singapore) Pte. Ltd. 9.41% Reduce -43.1% 4,066,939 $52.7M
HHLR Advisors, LTD. 1.29% New 4,066,553 $52.7M
Alpine Investment Management Ltd 43.62% Reduce -13.0% 4,000,000 $51.9M
Capital International, Inc. 0.40% New 3,859,842 $50.1M
Bank of America Corp. 0.00% Reduce -20.2% 3,828,493 $49.7M
Oaktree Capital Management 1.04% Add +106.1% 3,797,697 $49.3M
Polunin Capital Partners Ltd 6.19% Reduce -3.1% 3,145,346 $42.1M
Ameriprise Financial Inc. 0.01% Reduce -11.4% 3,213,388 $41.7M
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.10% Add +11.5% 3,037,777 $39.7M
National Bank of Canada 0.04% Add +128.0% 2,757,300 $35.8M
Janus Henderson Group PLC 0.02% Reduce -8.4% 2,716,960 $35.2M
Carrhae Capital LLP 3.29% New 2,674,774 $34.7M
BNP Paribas Financial Markets 0.03% Add +23.7% 2,604,359 $33.8M
BRIGHT VALLEY CAPITAL Ltd 26.37% New 2,572,000 $33.4M
Robeco Institutional Asset Management B.V. 0.05% Add +2.4% 2,477,746 $32.1M
Cederberg Capital Ltd 9.14% Add +46.5% 2,467,000 $32.0M
HSBC Holdings PLC 0.02% Add +530.6% 2,337,507 $30.3M
D. E. Shaw & Co. 0.03% Add +73.3% 2,314,930 $30.0M
Russell Investments Group, Ltd. 0.03% Add +103.2% 2,260,366 $29.3M
Manufacturers Life Insurance Company, The 0.02% Reduce -16.7% 2,233,393 $29.0M
Voloridge Investment Management, LLC 0.09% New 2,138,092 $27.7M
Qube Research & Technologies Ltd 0.04% Reduce -26.5% 1,903,758 $24.7M
State Street Corp. 0.00% Reduce -16.0% 1,881,931 $24.4M
Matthews International Capital Management LLC 5.61% Reduce -37.9% 1,851,438 $24.0M
Nordea Investment Management AB 0.02% New 1,699,440 $22.2M
Jane Street Group, LLC 0.03% Add +1157.8% 1,638,575 $21.3M
OVERSEA-CHINESE BANKING Corp Ltd 0.54% Add +106.1% 1,610,669 $20.9M
Keystone Investors Pte Ltd. 2.34% New 1,559,186 $20.2M
Blue Creek Capital Management Ltd 24.85% Add +6.6% 1,557,313 $20.2M
Allianz Asset Management GmbH 0.02% Add +94.5% 1,526,538 $19.8M
Legal & General Group Plc 0.00% Add +0.4% 1,497,185 $19.4M
Citigroup Inc. 0.01% Add +27.8% 1,394,809 $18.1M
C WorldWide Group Holding A/S 0.27% New 1,368,300 $17.7M
Pictet Asset Management Holding SA 0.02% Add +1572.1% 1,247,064 $16.2M
Highlander Partners, L.P. 5.56% Reduce -17.5% 1,228,237 $15.9M
UBS Group AG 0.00% Reduce -12.1% 1,190,547 $15.4M
Perpetual Ltd 0.18% Reduce -10.3% 1,101,906 $14.3M
Franklin Resources Inc. 0.00% Add +1.2% 1,096,660 $14.2M
California Public Employees Retirement System 0.01% Reduce -8.0% 1,043,468 $13.5M
Susquehanna Fundamental Investments, LLC 0.52% Add +73.7% 1,034,085 $13.4M
Triata Capital Ltd 1.53% Add +107.5% 1,009,219 $13.1M
Charles Schwab Investment Management Inc. 0.00% Reduce -1.8% 976,959 $12.7M
HarbourVest Partners LLC 6.06% No change 957,580 $12.4M
Liontrust Investment Partners LLP 0.17% Add +3.4% 918,835 $11.9M
Pinebridge Investments, L.P. 0.08% Reduce -0.3% 869,304 $11.3M
GF Fund Management Co. LTD. 0.19% Reduce -6.2% 810,795 $10.5M
Harvest Fund Management Co., Ltd 0.40% Reduce -3.1% 799,403 $9.5M
BlackRock, Inc. 0.00% Reduce -94.3% 719,900 $9.3M
Working Capital Advisors (UK) Ltd. 10.94% New 705,497 $9.2M
T. Rowe Price Associates Inc. 0.00% No change 697,661 $9.0M
Lazard Asset Management LLC 0.01% Reduce -1.9% 683,572 $8.9M
GAM Holding AG 0.51% Reduce -16.2% 640,360 $8.3M
Van Eck Associates Corp. 0.01% Reduce -6.6% 613,548 $8.0M
Federated Hermes, Inc. 0.01% Reduce -25.4% 593,624 $7.7M
Barclays PLC 0.00% Add +44.2% 573,611 $7.4M
TB Alternative Assets Ltd. 1.00% Reduce -2.9% 515,054 $6.7M
OPTIMAS CAPITAL Ltd 4.08% New 497,885 $6.5M
Acadian Asset Management LLC 0.01% Reduce -58.5% 479,120 $6.2M
AIA Group Ltd 0.11% Add +78.2% 460,301 $6.0M
Beaconlight Capital, LLC 2.93% Add +13.2% 458,277 $5.9M
Amiral Gestion 2.13% Add +106.8% 455,000 $5.9M
Octahedron Capital Management L.P. 3.33% Reduce -6.2% 452,000 $5.9M
Mawer Investment Management Ltd. 0.03% No change 431,100 $5.6M
Burgundy Asset Management Ltd. 0.05% Reduce -61.2% 408,685 $5.3M
Sei Investments Co. 0.01% Reduce -37.4% 407,595 $5.3M
Millennium Management 0.00% Reduce -61.5% 382,968 $5.0M
State of New Jersey Common Pension Fund D 0.02% New 343,473 $4.5M
Citadel Advisors 0.00% Reduce -56.1% 327,987 $4.3M
Public Employees Retirement System of Ohio 0.01% Reduce -2.5% 305,844 $4.0M
Squarepoint Ops LLC 0.01% Add +122.3% 293,108 $3.8M
Driehaus Capital Management LLC 0.03% Reduce -95.2% 286,309 $3.7M
Nomura Holdings Inc. 0.02% Reduce -68.8% 285,746 $3.7M
AI-Squared Management Ltd 3.76% New 278,700 $3.6M
ABS Direct Equity Fund LLC 5.06% Reduce -45.1% 272,619 $3.5M
China Universal Asset Management Co., Ltd. 0.29% Reduce -11.6% 267,000 $3.5M
Capital International Sarl 0.06% New 264,518 $3.4M
BLI - Banque de Luxembourg Investments 0.10% New 262,000 $3.4M
Geode Capital Management, LLC 0.00% Add +58.2% 252,796 $3.3M
Y-Intercept (Hong Kong) Ltd 0.08% Add +66.1% 248,436 $3.2M
Exchange Traded Concepts, LLC 0.03% Add +0.6% 248,174 $3.2M
Ramirez Asset Management, Inc. 0.41% Add +7.7% 229,278 $3.0M
Oaktree Fund Advisors, LLC 5.31% Add +104.4% 220,499 $2.9M
Westpac Banking Corp. 0.17% Reduce -13.1% 205,241 $2.7M
B. Metzler seel. Sohn & Co. AG 0.02% New 203,393 $2.6M
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% New 200,000 $2.6M
Limestone Investment Advisors LP 1.19% No change 195,371 $2.5M
Alliancebernstein L.P. 0.00% Reduce -1.2% 188,021 $2.4M
Parametrica Management Ltd 3.69% Reduce -21.4% 183,840 $2.4M
SG Americas Securities, LLC 0.01% Reduce -92.5% 180,819 $2.3M
Aberdeen Group plc 0.00% Reduce -21.8% 172,228 $2.3M
Envestnet Asset Management Inc. 0.00% Add +57.4% 172,472 $2.2M
Abn Amro Investment Solutions 0.04% Reduce -2.4% 162,124 $2.1M
Headlands Technologies LLC 0.16% Add +1491.8% 150,079 $1.9M
Handelsbanken Fonder AB 0.01% No change 146,956 $1.9M
Northern Trust Corp. 0.00% Add +2.0% 142,585 $1.8M
Trexquant Investment LP 0.02% Reduce -79.4% 139,461 $1.8M
Woodline Partners LP 0.01% New 136,899 $1.8M
Royal Bank of Canada 0.00% Add +49.7% 132,092 $1.7M
Newport Asia LLC 100.00% — 131,967 $1.7M
Schonfeld Strategic Advisors LLC 0.01% New 125,309 $1.6M
First Trust Advisors LP 0.00% Add +28.7% 125,176 $1.6M
Union Bancaire Privee, UBP SA 0.02% Reduce -53.1% 138,062 $1.6M
PEAK6 LLC 0.04% Reduce -26.3% 123,961 $1.6M
Group One Trading LLC 0.05% Add +419.9% 123,927 $1.6M
FengHe Fund Management Pte. Ltd. 0.14% New 119,100 $1.5M
Northwest & Ethical Investments L.P. 0.04% No change 118,002 $1.5M
Profund Advisors LLC 0.05% Add +22.8% 117,534 $1.5M
J. Safra Sarasin Holding AG 0.02% Reduce -56.6% 115,000 $1.5M
Veritas Asset Management LLP 0.02% No change 111,136 $1.4M
Tidal Investments LLC 0.01% Reduce -31.0% 108,360 $1.4M
Prudential PLC 0.01% No change 105,812 $1.4M
Simplex Trading, LLC 0.03% Add +74.1% 105,850 $1.4M
IMC-Chicago, LLC 0.02% Add +229.9% 105,508 $1.4M
Federation des caisses Desjardins du Quebec 0.01% Add +4.9% 102,665 $1.3M
Quantitative Investment Management, LLC 0.18% New 99,525 $1.3M
Myriad Asset Management US LP 0.69% New 97,477 $1.3M
Prelude Capital Management, LLC 0.09% Add +226.4% 92,971 $1.2M
Jump Financial, LLC 0.02% Reduce -53.4% 91,131 $1.2M
Himension Capital (singapore) Pte. LTD. 0.07% New 84,109 $1.1M
Bank of New York Mellon Corp 0.00% Reduce -11.1% 79,106 $1.0M
GTS Securities LLC 0.04% New 73,931 $959K
Verition Fund Management LLC 0.01% Reduce -47.0% 71,807 $931K
Boothbay Fund Management, LLC 0.02% No change 66,160 $858K
Susquehanna Portfolio Strategies, LLC 0.01% No change 66,133 $858K
KEYWISE CAPITAL MANAGEMENT (HK) Ltd 0.07% Reduce -98.5% 64,000 $830K
Centiva Capital, LP 0.08% Add +39.9% 62,116 $806K
Deutsche Bank AG 0.00% Add +29.4% 61,835 $802K
Dymon Asia Capital (singapore) Pte. LTD. 0.28% Reduce -80.0% 53,200 $690K
Nomura Asset Management Co. Ltd. 0.00% Reduce -94.4% 53,184 $690K
Bayesian Capital Management, LP 0.14% New 52,900 $686K
Vident Advisory, LLC 0.01% Reduce -22.8% 50,294 $652K
WCM Investment Management, LLC 0.00% Add +7.7% 49,762 $651K
Bayforest Capital Ltd 0.30% Reduce -42.0% 48,102 $624K
Pathstone Holdings, LLC 0.00% New 46,620 $605K
HRT Financial LP 0.00% New 45,831 $594K
Truist Financial Corp. 0.00% Add +38.0% 42,969 $557K
Wexford Capital LP 0.16% Add +20.3% 40,996 $532K
Campbell & CO Investment Adviser LLC 0.04% Reduce -36.0% 40,964 $531K
Mariner, LLC 0.00% Reduce -17.2% 39,960 $518K
NFJ Investment Group, LLC 0.02% Reduce -5.5% 35,221 $457K
Vanguard Personalized Indexing Management, LLC 0.00% Reduce -42.1% 34,301 $445K
Orion Porfolio Solutions, LLC 0.00% Add +80.3% 33,609 $436K
Wolverine Trading, LLC 0.01% Add +113.4% 30,629 $401K
Crossmark Global Holdings, Inc. 0.01% Add +0.7% 30,867 $400K
Mirae Asset Global Investments Co., Ltd. 0.00% Add +15.6% 30,418 $395K
Leonteq Securities AG 0.02% New 28,348 $368K
Scientech Research LLC 0.12% New 26,786 $347K
O'shaughnessy Asset Management, LLC 0.00% Add +2.6% 26,634 $345K
Harbour Capital Advisors, LLC 0.06% Reduce -2.5% 23,300 $312K
Polymer Capital Management (HK) LTD 0.04% Reduce -90.3% 23,149 $300K
Gsa Capital Partners LLP 0.02% Reduce -25.8% 23,074 $299K
Susquehanna International Group, LLP 0.00% Reduce -57.9% 23,012 $298K
Wilmington Savings Fund Society, FSB 0.01% No change 23,000 $298K
Parnassus Investments, LLC 0.00% Add +12.1% 21,547 $279K
HighTower Advisors, LLC 0.00% New 18,011 $234K
Barometer Capital Management Inc. 0.05% No change 18,017 $232K
Savant Capital, LLC 0.00% Reduce -7.8% 16,162 $210K
Compound Planning, Inc. 0.01% Add +7.0% 15,948 $207K
Jasper Ridge Partners, L.P. 0.00% No change 13,738 $178K
Vise Technologies, Inc. 0.01% Reduce -1.9% 13,273 $172K
Tuttle Capital Management, LLC 0.64% New 13,132 $170K
QRG Capital Management, Inc. 0.00% Reduce -15.4% 12,298 $160K
LPL Financial LLC 0.00% New 12,046 $156K
Stifel Financial Corp. 0.00% New 11,407 $148K
Hantz Financial Services, Inc. 0.00% Add +199.5% 11,333 $147K
Brevan Howard Capital Management LP 0.00% New 11,213 $145K
CI Investments Inc. 0.00% Add +10.7% 10,924 $142K
Oppenheimer Asset Management Inc. 0.00% New 10,912 $142K
Virtu Financial LLC 0.01% New 10,533 $137K
Daiwa Securities Group Inc. 0.00% No change 10,000 $130K
Brooklyn Investment Group 0.02% Reduce -2.3% 10,786 $127K
Wells Fargo & Company 0.00% Add +25.3% 6,885 $89K
Shen Neil Nanpeng 89.85% New 7,174 $79K
SBI Securities Co., Ltd. 0.00% Reduce -19.1% 5,901 $77K
Aquatic Capital Management LLC 0.00% New 3,945 $51K
EverSource Wealth Advisors, LLC 0.00% Reduce -14.2% 3,330 $43K
Rhumbline Advisers 0.00% Reduce -29.3% 3,017 $39K
US Bancorp \de 0.00% No change 2,500 $32K
Osaic Holdings, Inc. 0.00% Add +15.4% 1,652 $21K
Byrne Asset Management LLC 0.01% No change 1,370 $18K
First Horizon Corp. 0.00% — 1,287 $17K
Farther Finance Advisors, LLC 0.00% Add +179.0% 1,194 $15K
Caitong International Asset Management Co., Ltd 0.01% Add +1298.8% 1,175 $15K
Rakuten Securities, Inc. 0.00% Add +2.3% 1,023 $13K
Park Place Capital Corp 0.00% No change 944 $12K
Bell Investment Advisors, Inc 0.00% Add +7.4% 697 $9K
Private Trust Co. NA 0.00% No change 625 $8K
Fairman Group, LLC 0.01% New 583 $8K
Northwestern Mutual Wealth Management Co. 0.00% No change 558 $7K
Glen Eagle Advisors, LLC 0.00% No change 508 $7K
Assetmark, Inc. 0.00% Add +122.6% 463 $6K
Pacer Advisors, Inc. 0.00% Add +8.8% 322 $4K
Highline Wealth Partners LLC 0.00% Add +177.1% 266 $3K
Principal Securities, Inc. 0.00% Add +83.9% 228 $3K
CoreCap Advisors, LLC 0.00% New 200 $3K
Global Retirement Partners, LLC 0.00% No change 193 $3K
CIBC Private Wealth Group LLC 0.00% No change 192 $2K
Bessemer Group Inc. 0.00% New 180 $2K
Tower Research Capital LLC (TRC) 0.00% Reduce -95.9% 125 $2K
PNC Financial Services Group, Inc. 0.00% Reduce -2.6% 113 $1K
Rossby Financial, LCC 0.00% New 28 $362
Optiver Holding B.V. 0.00% Reduce -100.0% 2 $26

"% of holder's portfolio" is YMM's weight in each manager's 13F, not the share of Full Truck Alliance -SPN ADR the manager owns.