Bright Valley Makes Full Truck Alliance Its Top Holding as Highlander Cuts Stake

Overview

• Bright Valley Capital disclosed a new position in Full Truck Alliance of 2.57 million shares valued at about $33.36 million as of September 30, representing 19.75% of its reportable U.S. equity AUM.
• Highlander Partners sold 260,000 YMM shares in the third quarter, lowering the position’s value by about $1.65 million to 1.23 million shares worth $15.93 million at quarter-end.
• Despite the sale, YMM remained Highlander’s fifth‑largest holding, trailing positions in Blackstone, Vertiv, Alibaba, and Amazon.
• As of Friday’s close, YMM traded at $11.25, up roughly 4% over the past year and lagging the S&P 500’s approximately 17% gain.
• Full Truck Alliance operates a leading digital freight platform in China that provides listing and matching, brokerage and transactions, and value‑added services such as credit solutions, insurance brokerage, and electronic toll collection.