With YMM Down 29%, First Beijing Bought 13 Million More Shares
Key takeaways
- According to a SEC filing dated May 13, 2026, First Beijing Investment Ltd increased its stake in Full Truck Alliance by 13,384,327 shares.
- The fund’s buy lifted its Full Truck Alliance stake to 32.22% of its 13F assets under management as of March 31, 2026
- NASDAQ: PDD: $832.68 million (35.9% of AUM)
Seena Hassouna, The Motley Fool Mon, May 18, 2026 at 2:47 AM GMT+7 4 min read EDU First Beijing Investment Ltd disclosed in a May 13, 2026, SEC filing that it bought 13,384,327 shares of Full Truck Alliance (NYSE:YMM), an estimated $127.30 million trade based on quarterly average pricing.
According to a SEC filing dated May 13, 2026, First Beijing Investment Ltd increased its stake in Full Truck Alliance by 13,384,327 shares. The estimated trade value is $127.30 million, calculated using the average closing price for the first quarter of 2026. As a result, the quarter-end position’s value fell by $75.09 million, a change driven by both additional shares and stock price fluctuations.
The fund’s buy lifted its Full Truck Alliance stake to 32.22% of its 13F assets under management as of March 31, 2026