Full Truck Alliance
248 hedge funds and large institutions have $8.33B invested in Full Truck Alliance in 2025 Q1 according to their latest regulatory filings, with 69 funds opening new positions, 92 increasing their positions, 62 reducing their positions, and 14 closing their positions.
393% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 14
59.12% more ownership
Funds ownership: 3.41% → 62.52% (+59%)
48% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 62
27% more funds holding
Funds holding: 195 → 248 (+53)
20% more capital invested
Capital invested by funds: $6.93B → $8.33B (+$1.4B)
3% less funds holding in top 10
Funds holding in top 10: 30 → 29 (-1)
19% less call options, than puts
Call options by funds: $37.4M | Put options by funds: $46.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$338M |
| 2 |
KCMH
Kontiki Capital Management (HK)
Hong Kong
|
+$76.7M |
| 3 |
KFA
Krane Funds Advisors
New York
|
+$59.4M |
| 4 |
APG Asset Management
Amsterdam,
Netherlands
|
+$57.3M |
| 5 |
Sands Capital Management
Arlington,
Virginia
|
+$49.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIAU
SB Investment Advisers (UK)
London,
United Kingdom
|
-$230M |
| 2 |
Morgan Stanley
New York
|
-$144M |
| 3 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$111M |
| 4 |
JP Morgan Chase
New York
|
-$43.7M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$32.3M |
YMM Hedge Fund Activity: Q1 2025 in Review
248 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Full Truck Alliance (YMM) for Q1 2025, worth a combined $8.33B — up 20% from $6.93B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new YMM positions and 14 closed out — a net gain of 55 holders — while 92 added to existing stakes and 62 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $338M. The largest seller was SB Investment Advisers (UK), cutting an estimated $230M.
- 248 institutional investors held Full Truck Alliance (YMM) as of Q1 2025, up from 195 in Q4 2024.
- Funds reported $8.33B of Full Truck Alliance stock for Q1 2025, up 20% quarter-over-quarter.
- 69 funds opened new Full Truck Alliance positions in Q1 2025 and 14 closed out, a net change of +55 holders.
- The largest Full Truck Alliance buyer in Q1 2025 was Fidelity Investments, an estimated $338M added.
- The largest Full Truck Alliance seller in Q1 2025 was SB Investment Advisers (UK), an estimated $230M sold.
Based on aggregated 13F filings for Q1 2025.