Full Truck Alliance Co Ltd SEC Filings

Full Truck Alliance (YMM): SoftBank Vision Fund–affiliated entities filed Amendment No. 7 to Schedule 13G reporting beneficial ownership of 1,386,022,769 Class A Ordinary Shares, representing 7.4% of the class. The filing lists shared voting and dispositive power over the same amount and no sole power.

The ownership is presented as of March 31, 2025, based on 18,786,018,412 Class A Ordinary Shares outstanding as of December 31, 2024. SVF Truck (Singapore) Pte. Ltd. is the record holder of 1,183,520,529 shares and 202,502,240 shares represented by 10,125,112 ADSs (each ADS equals 20 Class A shares). The reporting persons include SB Investment Advisers (UK) Limited, SoftBank Vision Fund L.P., SVF Holdings (UK) LLP, SVF Holdings (Singapore) Pte. Ltd., and SVF Truck (Singapore) Pte. Ltd.

First Beijing Investment Limited filed Amendment No. 1 to Schedule 13G reporting beneficial ownership of 1,372,911,600 Class A ordinary shares of Full Truck Alliance (YMM), equal to 68,645,580 ADSs (each ADS represents 20 Class A ordinary shares). The filing lists a 7.31% stake.

The percentage is based on 18,786,018,412 Class A ordinary shares outstanding as of December 31, 2024. First Beijing reports sole voting power over 585,584,840 shares and sole dispositive power over 1,372,911,600 shares. The Date of Event is September 30, 2025, and the filer certifies the securities were not acquired to change or influence control.

Invesco Ltd. filed a Schedule 13G reporting beneficial ownership in Full Truck Alliance Co Ltd (YMM). Invesco may be deemed to beneficially own 1,084,466,979 American Depository Receipt shares, representing 5.8% of the class as of the event date 09/30/2025.

Invesco reports 913,785,619 shares with sole voting power and 1,084,466,979 with sole dispositive power; no shared voting or dispositive power. The shares are held of record by clients of Invesco’s investment advisers, and the certification states they were acquired and are held in the ordinary course and not to change or influence control. Invesco notes that no one individual has greater than 5% economic ownership.

Full Truck Alliance (YMM): FIL Limited and related reporting persons filed Amendment No. 1 to Schedule 13G reporting beneficial ownership of 1,266,827,600 Class A common shares, representing 6.8% of the class as of the event date 09/30/2025.

For FIL Limited, the filing lists sole voting power over 1,112,979,380 shares and sole dispositive power over 1,266,827,600 shares, with no shared voting or dispositive power. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing also notes one or more other persons may have rights to receive dividends or sale proceeds, with no single such interest exceeding five percent of the class.

First Beijing Investment Ltd. has filed a Schedule 13G disclosing a passive 5.07% stake in Full Truck Alliance Co. Ltd. (NYSE: YMM). The Hong-Kong–based firm reports beneficial ownership of 951,652,520 Class A ordinary shares, equivalent to 47,582,626 American Depositary Shares (ADSs) at 20 ordinary shares per ADS (CUSIP 35969L108). The filing is based on the issuer’s 18.79 billion Class A shares outstanding as of 31 Dec 2024.

Voting rights are split: sole voting power over 334,702,460 shares (16,735,123 ADSs) and sole dispositive power over the full 951,652,520 shares; no shared voting or dispositive authority is reported. The investor classifies itself as an “Exempt Reporting Adviser” and certifies that the stake is not intended to change or influence control of the issuer, consistent with a passive investment under Rule 13d-1.

The disclosure is impactful mainly because it crosses the 5% threshold, signalling meaningful institutional interest, but no activist intentions or transactional terms are indicated.