Full Truck Alliance
229 hedge funds and large institutions have $9.24B invested in Full Truck Alliance in 2025 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 77 increasing their positions, 83 reducing their positions, and 42 closing their positions.
69% more call options, than puts
Call options by funds: $41M | Put options by funds: $24.2M
16% more capital invested
Capital invested by funds: $7.93B → $9.24B (+$1.31B)
5.13% more ownership
Funds ownership: 71.52% → 76.65% (+5.1%)
5% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 42
0% more funds holding
Funds holding: 229 → 229 (0)
7% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 83
10% less funds holding in top 10
Funds holding in top 10: 30 → 27 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
+$399M |
| 2 |
FBIL
First Beijing Investment Ltd
Hong Kong
|
+$361M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$268M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$180M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$115M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$171M |
| 2 |
BlackRock
New York
|
-$149M |
| 3 |
OCM
OLP Capital Management
Causeway Bay,
Hong Kong
|
-$145M |
| 4 |
JP Morgan Chase
New York
|
-$90.9M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$70.1M |
YMM Hedge Fund Activity: Q3 2025 in Review
229 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Full Truck Alliance (YMM) for Q3 2025, worth a combined $9.24B — up 16% from $7.93B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new YMM positions and 42 closed out — a net gain of 2 holders — while 77 added to existing stakes and 83 trimmed.
The largest buyer was Schroder Investment Management Group, adding an estimated $399M. The largest seller was Baillie Gifford & Co, exiting entirely with an estimated $171M sold.
- 229 institutional investors held Full Truck Alliance (YMM) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $9.24B of Full Truck Alliance stock for Q3 2025, up 16% quarter-over-quarter.
- 44 funds opened new Full Truck Alliance positions in Q3 2025 and 42 closed out, a net change of +2 holders.
- The largest Full Truck Alliance buyer in Q3 2025 was Schroder Investment Management Group, an estimated $399M added.
- The largest Full Truck Alliance seller in Q3 2025 was Baillie Gifford & Co, an estimated $171M sold.
Based on aggregated 13F filings for Q3 2025.