Full Truck Alliance Co. Ltd.
In the published model solve dated 2026-Q2, anchored at $9.54, Full Truck Alliance Co. Ltd. (YMM) is priced for +14.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Full Truck Alliance runs China's dominant digital freight-matching platform, connecting shippers and truckers, and the 10-K equivalent 20-F describes the advantage as ⟦"having a larger network of shippers and truckers than our competitors,"⟧ with full-year 2025 fulfilled orders rising about 20% to 236 million. • The defining risk is that this is a Chinese company held through contractual arrangements, where the filing warns ⟦"uncertainties in the interpretation and enforcement of PRC laws, rul
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195 institutional managers reported holding YMM in 13F filings for the quarter ended 2026-03-31. Together they hold about 3% of the company; the top 10 hold 2%. 37 opened new positions that quarter. Held by Invesco, Vanguard Group, D. E. Shaw, among others. On the short side, 25.3M shares were sold short as of the 2026-06-15 count, about 0.1% of shares outstanding (3.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
YMM's share count grew 55% over the past five years even with $30.35M spent on repurchases. It pays a dividend, and has for 2 years running. Cash returned over the past three years: $349.58M in dividends and $30.35M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.