NS Partners’s Full Truck Alliance YMM Stock Holding History

NS Partners’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
2025 Q2	–	Sell	-1,413,600	Closed	-$18.1M	–	76
2025 Q1	$18.1M	Buy	1,413,600 +1,248,200	+755%	+$15M	0.79%	41
2024 Q4	$1.79M	Buy	+165,400	New	+$1.61M	0.07%	68

Other funds holding YMM

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

FBIL

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

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

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

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

GAMH

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

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

AMH

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

KFA

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

NS Partners's YMM Position: Q2 2025 in Review

NS Partners sold out of Full Truck Alliance (YMM) in Q2 2025, closing a stake of 1,413,600 shares — an estimated $18.1M sold.

NS Partners first reported a position in YMM in Q4 2024 and held it in 2 quarters. The position peaked at $18.1M in Q1 2025. 229 funds tracked by Wall St. Rank hold YMM as of Q2 2025.

NS Partners reported no remaining Full Truck Alliance position as of Q2 2025 after selling out during the quarter.
NS Partners sold 1,413,600 Full Truck Alliance shares in Q2 2025, an estimated $18.1M.
NS Partners first reported a position in Full Truck Alliance in Q4 2024 and held it in 2 quarters.
NS Partners's Full Truck Alliance position peaked at $18.1M in Q1 2025.
229 funds tracked by Wall St. Rank held Full Truck Alliance as of Q2 2025.

Based on NS Partners's 13F filing for Q2 2025, filed 7 Aug 2025.