Who owns Full Truck Alliance Co. (YMM)
Which tracked institutional funds hold YMM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See YMM company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
84 tracked funds added or opened YMM while 72 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
YMM’s largest tracked holder by dollar value, First Beijing Investment Ltd, sizes it at 30.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 30.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in YMM divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 233 tracked filers holding YMM, 159 increased or opened the position and 104 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in YMM between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 42
- Ruffer LLP$46M
- Jupiter Topco LLC$32M
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$18M
- JUPITER ASSET MANAGEMENT LTD$16M
- DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD.$14M
- Sumitomo Mitsui Trust Group, Inc.$13M
Full exits 29
- Aspex Management (HK) Ltd$181M
- WFM ASIA (BVI) Ltd$122M
- MILLENNIUM MANAGEMENT LLC$39M
- Polunin Capital Partners Ltd$26M
- HRT FINANCIAL LP$23M
- Triata Capital Ltd$19M
Largest adds
- BlackRock, Inc.$253M
- STATE STREET CORP$55M
- Alpine Investment Management Ltd$48M
- GEODE CAPITAL MANAGEMENT, LLC$35M
- BRILLIANCE ASSET MANAGEMENT LTD$28M
- GOLDMAN SACHS GROUP INC$22M
Largest trims
- SCHRODER INVESTMENT MANAGEMENT GROUP$177M
- MARSHALL WACE, LLP$59M
- D. E. Shaw & Co., Inc.$50M
- Qube Research & Technologies Ltd$42M
- CITIGROUP INC$34M
- FIL Ltd$33M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| First Beijing Investment Ltd added | 91,790,875 | $745M | 12.9% | 2026-Q2 |
| Invesco Ltd. added | 62,128,513 | $504M | 8.7% | 2026-Q2 |
| FIL Ltd trimmed | 60,524,375 | $491M | 8.5% | 2026-Q2 |
| Greenwoods Asset Management Hong Kong Ltd. trimmed | 39,452,419 | $320M | 5.5% | 2026-Q2 |
| BlackRock, Inc. added | 32,143,971 | $261M | 4.5% | 2026-Q2 |
| Krane Funds Advisors LLC trimmed | 28,352,796 | $230M | 4.0% | 2026-Q2 |
| DAVIS SELECTED ADVISERS trimmed | 27,639,082 | $224M | 3.9% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 23,530,788 | $191M | 3.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 23,155,263 | $187M | 3.2% | 2026-Q2 |
| Mitsubishi UFJ Trust & Banking Corp added | 22,471,443 | $182M | 3.2% | 2026-Q2 |
| All-Stars Investment Ltd trimmed | 21,947,164 | $178M | 3.1% | 2026-Q2 |
| Alpine Investment Management Ltd added | 17,210,388 | $140M | 2.4% | 2026-Q2 |
| SCHRODER INVESTMENT MANAGEMENT GROUP trimmed | 13,781,521 | $112M | 1.9% | 2026-Q2 |
| SC US (TTGP), LTD. | 13,057,904 | $106M | 1.8% | 2026-Q2 |
| North of South Capital LLP added | 12,936,046 | $105M | 1.8% | 2026-Q2 |
| MORGAN STANLEY added | 10,736,456 | $87M | 1.5% | 2026-Q2 |
| OLP CAPITAL MANAGEMENT Ltd trimmed | 10,716,590 | $87M | 1.5% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 10,502,067 | $85M | 1.5% | 2026-Q2 |
| BRILLIANCE ASSET MANAGEMENT LTD added | 10,127,735 | $82M | 1.4% | 2026-Q2 |
| ALKEON CAPITAL MANAGEMENT LLC added | 9,398,535 | $76M | 1.3% | 2026-Q2 |
| NORGES BANK added | 9,160,250 | $74M | 1.3% | 2026-Q2 |
| EMPOWER HARVEST MANAGEMENT SERVICES, INC. | 8,970,263 | $73M | 1.3% | 2026-Q2 |
| STATE STREET CORP added | 8,310,044 | $67M | 1.2% | 2026-Q2 |
| UBS Group AG trimmed | 7,292,014 | $59M | 1.0% | 2026-Q2 |
| Mondrian Investment Partners LTD trimmed | 6,807,609 | $55M | 1.0% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 6,157,457 | $50M | 0.9% | 2026-Q2 |
| Ruffer LLP new | 5,724,180 | $46M | 0.8% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 5,305,679 | $43M | 0.7% | 2026-Q2 |
| SB INVESTMENT ADVISERS (UK) LTD | 5,272,390 | $43M | 0.7% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,698,122 | $38M | 0.7% | 2026-Q2 |
| E Fund Management Co., Ltd. added | 4,667,220 | $38M | 0.7% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 4,631,541 | $38M | 0.7% | 2026-Q2 |
| BAMCO INC /NY/ added | 4,429,188 | $36M | 0.6% | 2026-Q2 |
| SANDS CAPITAL MANAGEMENT, LLC trimmed | 4,294,886 | $35M | 0.6% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 4,112,749 | $33M | 0.6% | 2026-Q2 |
| Jupiter Topco LLC new | 3,942,664 | $32M | 0.6% | 2026-Q2 |
| SOFTBANK GROUP CORP. | 3,884,483 | $32M | 0.5% | 2026-Q2 |
| Legal & General Group Plc added | 3,716,403 | $30M | 0.5% | 2026-Q2 |
| SERENITY CAPITAL MANAGEMENT PTE. LTD. | 3,687,779 | $30M | 0.5% | 2026-Q2 |
| Working Capital Advisors (UK) Ltd. added | 2,993,393 | $24M | 0.4% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 2,467,908 | $20M | 0.3% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 2,443,418 | $20M | 0.3% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 2,435,496 | $20M | 0.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,185,595 | $18M | 0.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 2,179,182 | $18M | 0.3% | 2026-Q2 |
| Robeco Institutional Asset Management B.V. trimmed | 2,065,867 | $17M | 0.3% | 2026-Q2 |
| JUPITER ASSET MANAGEMENT LTD new | 2,005,400 | $16M | 0.3% | 2026-Q2 |
| BARCLAYS PLC added | 1,987,213 | $16M | 0.3% | 2026-Q2 |
| Capital World Investors trimmed | 1,813,054 | $15M | 0.3% | 2026-Q2 |
| DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. added | 1,732,410 | $14M | 0.2% | 2026-Q2 |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC | 1,716,200 | $14M | 0.2% | 2026-Q2 |
| CITIGROUP INC trimmed | 1,615,285 | $13M | 0.2% | 2026-Q2 |
| NORTHERN TRUST CORP added | 1,594,198 | $13M | 0.2% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. new | 1,566,780 | $13M | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 1,488,472 | $12M | 0.2% | 2026-Q2 |
| Swiss National Bank new | 1,348,000 | $11M | 0.2% | 2026-Q2 |
| Nuveen, LLC trimmed | 1,287,016 | $10M | 0.2% | 2026-Q2 |
| OVERSEA-CHINESE BANKING Corp Ltd | 1,256,657 | $10M | 0.2% | 2026-Q2 |
| NOMURA HOLDINGS INC added | 1,240,290 | $10M | 0.2% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 1,215,966 | $10M | 0.2% | 2026-Q2 |
| Pictet Asset Management Holding SA added | 1,049,337 | $9M | 0.1% | 2026-Q2 |
| Evergreen Quality Fund GP, Ltd. new | 1,021,200 | $8M | 0.1% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 1,000,000 | $8M | 0.1% | 2026-Q2 |
| GF FUND MANAGEMENT CO. LTD. added | 978,258 | $8M | 0.1% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. new | 972,500 | $8M | 0.1% | 2026-Q2 |
| Pinpoint Asset Management (Singapore) Pte. Ltd. trimmed | 962,956 | $8M | 0.1% | 2026-Q2 |
| HarbourVest Partners LLC | 957,580 | $8M | 0.1% | 2026-Q2 |
| 1832 Asset Management L.P. added | 952,429 | $8M | 0.1% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 918,492 | $7M | 0.1% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 883,037 | $7M | 0.1% | 2026-Q2 |
| California Public Employees Retirement System added | 882,239 | $7M | 0.1% | 2026-Q2 |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC added | 867,295 | $7M | 0.1% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 863,800 | $7M | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 817,564 | $7M | 0.1% | 2026-Q2 |
| NOTABLE CAPITAL MANAGEMENT, L.L.C. trimmed | 802,090 | $7M | 0.1% | 2026-Q2 |
| Fideuram Asset Management (Ireland) dac added | 791,003 | $7M | 0.1% | 2026-Q2 |
| Tidal Investments LLC added | 770,588 | $6M | 0.1% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 747,696 | $6M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 734,984 | $6M | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 729,241 | $6M | 0.1% | 2026-Q2 |
| Bank of New York Mellon Corp added | 693,759 | $6M | 0.1% | 2026-Q2 |
| ROYAL LONDON ASSET MANAGEMENT LTD new | 677,500 | $6M | 0.1% | 2026-Q2 |
| Man Group plc trimmed | 660,004 | $5M | 0.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC new | 548,480 | $4M | 0.1% | 2026-Q2 |
| BLI - Banque de Luxembourg Investments added | 521,500 | $4M | 0.1% | 2026-Q2 |
| Yiheng Capital Management, L.P. | 513,248 | $4M | 0.1% | 2026-Q2 |
| Boundless Plain Holdings Ltd | 510,383 | $4M | 0.1% | 2026-Q2 |
| AVIVA PLC new | 495,860 | $4M | 0.1% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP added | 476,136 | $4M | 0.1% | 2026-Q2 |
| PEAK6 LLC added | 448,734 | $4M | 0.1% | 2026-Q2 |
| TB Alternative Assets Ltd. trimmed | 412,834 | $3M | 0.1% | 2026-Q2 |
| AIA Group Ltd trimmed | 392,296 | $3M | 0.1% | 2026-Q2 |
| Liontrust Investment Partners LLP trimmed | 363,523 | $3M | 0.1% | 2026-Q2 |
| Aberdeen Group plc added | 346,501 | $3M | 0.0% | 2026-Q2 |
| GAM Holding AG added | 346,380 | $3M | 0.0% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 325,708 | $3M | 0.0% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 312,245 | $3M | 0.0% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) new | 297,348 | $2M | 0.0% | 2026-Q2 |
| E Fund Management (Hong Kong) Co., Ltd. added | 276,764 | $2M | 0.0% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp new | 276,600 | $2M | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.