This China Tech Stock Just Became a Fund’s Top Holding With a $33 Million Buy

1 week ago 9

Jonathan Ponciano, The Motley Fool

Sun, January 4, 2026 astatine 3:35 PM CST 5 min read

Hong Kong-based Bright Valley Capital initiated a caller involvement successful YMM, buying up 2.57 cardinal shares successful the 3rd quarter.
The presumption was worthy astir $33.36 cardinal astatine quarter-end.
YMM presumption represents 19.75% of Bright Valley's 13F reportable assets nether absorption (AUM).
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Hong Kong-based Bright Valley Capital established a caller presumption successful Full Truck Alliance Co. Ltd. (NYSE:YMM), adding 2.57 cardinal shares valued astatine astir $33.36 million, according to a November 13 SEC filing.

According to a Securities and Exchange Commission (SEC) filing dated November 13, Bright Valley Capital disclosed a caller presumption successful Full Truck Alliance Co. Ltd. (NYSE:YMM) totaling 2.57 cardinal shares. The involvement was valued astatine $33.36 cardinal arsenic of September 30 and was not contiguous successful the erstwhile quarterly filing.

The caller presumption present comprises 19.75% of the fund’s reportable U.S. equity AUM.

Top holdings aft the filing:

NYSE: YMM: $33.36 cardinal (26.37% of AUM)
NASDAQ: HTHT: $31.01 cardinal (24.52% of AUM)
NASDAQ: LX: $19.07 cardinal (15.08% of AUM)
NASDAQ: JOYY: $14.95 cardinal (11.82% of AUM)
NASDAQ: DOYU: $8.33 cardinal (6.58% of AUM)

As of Friday, shares of YMM were priced astatine $11.25, up astir 4% implicit the past twelvemonth and underperforming the S&P 500's astir 17% summation successful the aforesaid period.

Metric

Value

Price (as of Friday)	$11.25
Market Capitalization	$11.77 billion
Revenue (TTM)	$1.71 billion
Net Income (TTM)	$588.99 million

Full Truck Alliance offers a integer freight level providing freight listing, matching, brokerage, online transactions, and value-added services specified arsenic recognition solutions, insurance, and physics toll collection.
The institution serves shippers and truckers crossed China, targeting enterprises and idiosyncratic logistics providers seeking businesslike freight connections.
It employs implicit 7,000 radical and operates astatine standard wrong China's technology-driven logistics sector.

Full Truck Alliance Co. Ltd. operates astatine standard wrong China's logistics sector, leveraging exertion to link shippers with truckers and streamline freight transactions.

Allocating astir one-fifth of a portfolio to a azygous presumption suggests Bright Valley believes the marketplace is inactive mispricing the durability of the underlying business. Full Truck Alliance sits astatine the halfway of China’s logistics economy, wherever standard and web effects compound softly alternatively than explosively. In the 3rd quarter, the institution grew gross 10.8% twelvemonth implicit twelvemonth to $471.7 cardinal portion fulfilled orders jumped much than 22%, a reminder that usage maturation continues to outpace header income growth.

What makes the communicative much absorbing is wherever that maturation is coming from. Transaction services gross surged 39% twelvemonth implicit year, and worth added services roseate astir 17%, pushing the level further distant from elemental freight listings and deeper into monetized infrastructure. At the aforesaid time, the equilibrium expanse remains a strength, with $4.4 cardinal successful currency and investments and accordant operating currency travel generation.

Within the broader portfolio, this presumption sits alongside different China net and level names, reinforcing that this is simply a thematic stake connected integer marketplaces alternatively than a one-off trade. The banal has lagged the broader market, but for diligent investors, scale, profitability, and currency tin bode well.