Carrhae Capital’s Full Truck Alliance YMM Stock Holding History

Carrhae Capital’s Portfolio YMM Stock Details YMM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-3,807,441	Closed	-$40.9M	–	44
2025 Q4	$40.9M	Buy	3,807,441 +1,132,667	+42%	+$13.6M	1.55%	23
2025 Q3	$34.7M	Buy	+2,674,774	New	+$33.1M	2.04%	16
2024 Q3	–	Sell	-3,966,866	Closed	-$31.9M	–	28
2024 Q2	$31.9M	Buy	3,966,866 +588,719	+17%	+$5.01M	3.68%	11
2024 Q1	$24.6M	Buy	+3,378,147	New	+$22.5M	4.37%	9
2023 Q4	–	Sell	-452,140	Closed	-$3.18M	–	27
2023 Q3	$3.18M	Buy	+452,140	New	+$3.12M	1.09%	12
2021 Q3	–	Sell	-256,525	Closed	-$5.23M	–	18
2021 Q2	$5.23M	Buy	+256,525	New	+$5.04M	1.15%	12

Other funds holding YMM

FBIL

First Beijing Investment Ltd Hong Kong $2.44B AUM 18.47% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

GAMH

Greenwoods Asset Management (HK) Hong Kong $2.19B AUM 50.16% 1-Year Est. Return

Schroder Investment Management Group London, United Kingdom $141B AUM 34.18% 1-Year Est. Return

DSA

Davis Selected Advisers Tucson, Arizona $23.3B AUM 26.95% 1-Year Est. Return

KFA

Krane Funds Advisors New York $2.82B AUM 0.41% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

ASI

All-Stars Investment Hong Kong $199M AUM 30.59% 1-Year Est. Return

AMH

Aspex Management (HK) Central, Hong Kong $8.89B AUM 39.91% 1-Year Est. Return

Carrhae Capital's YMM Position: Q1 2026 in Review

Carrhae Capital sold out of Full Truck Alliance (YMM) in Q1 2026, closing a stake of 3,807,441 shares — an estimated $40.9M sold.

Carrhae Capital first reported a position in YMM in Q2 2021 and held it in 6 quarters. The position peaked at $40.9M in Q4 2025. 203 funds tracked by Wall St. Rank hold YMM as of Q1 2026.

Carrhae Capital reported no remaining Full Truck Alliance position as of Q1 2026 after selling out during the quarter.
Carrhae Capital sold 3,807,441 Full Truck Alliance shares in Q1 2026, an estimated $40.9M.
Carrhae Capital first reported a position in Full Truck Alliance in Q2 2021 and held it in 6 quarters.
Carrhae Capital's Full Truck Alliance position peaked at $40.9M in Q4 2025.
203 funds tracked by Wall St. Rank held Full Truck Alliance as of Q1 2026.

Based on Carrhae Capital's 13F filing for Q1 2026, filed 14 May 2026.