First Beijing Investment Ltd: FULL TRUCK A-ADR (YMM): Quarterly 13F Position History
As of Q1 2026, First Beijing Investment Ltd reported 90,000,895 shares of FULL TRUCK A-ADR (YMM), worth $747.0M and representing 32.2% of its 13F equity book. Quarter-over-quarter share count change: + 13,384,327 (+17.5%) . The position first appeared in Q3 2024 and has been disclosed across 7 13F-HR filings in Pactolio's tracked window.
- 90,000,895Shares Held (Latest Filing)
- $747.0MReported Market Value (Latest Filing)
- 32.2%Portfolio Weight (% of 13F Equity Book)
- +13,384,327Quarter-over-Quarter Share Change
- -$75.1MQuarter-over-Quarter Value Change
- 90,000,895Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 7 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 90,000,895 | +13,384,327 | +17.5% | $747.0M | 32.2% | $8.3 |
| Q4 2025 | 76,616,568 | +7,970,988 | +11.6% | $822.1M | 32.4% | $10.7 |
| Q3 2025 | 68,645,580 | +29,150,926 | +73.8% | $890.3M | 34.4% | $13.0 |
| Q2 2025 | 39,494,654 | +9,757,852 | +32.8% | $466.4M | 26.1% | $11.8 |
| Q1 2025 | 29,736,802 | 1,504,746 | -4.8% | $379.7M | 26.1% | $12.8 |
| Q4 2024 | 31,241,548 | +17,500,819 | +127.4% | $338.0M | 24.0% | $10.8 |
| Q3 2024 | 13,740,729 | — | — | $123.8M | 8.8% | $9.0 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did First Beijing Investment Ltd first disclose a YMM position in 13F-HR filings?
First Beijing Investment Ltd first reported FULL TRUCK A-ADR (YMM) on its 13F-HR filing for the period ending 2024-09-30 (Q3 2024). The position has appeared on 7 reported quarters within Pactolio's tracked window.
What was First Beijing Investment Ltd's most recent quarter-over-quarter share-count change in YMM?
Between Q4 2025 and Q1 2026, First Beijing Investment Ltd added 13,384,327 shares of YMM (+17.5%), bringing the total reported position to 90,000,895 shares at a market value of $747.0M.
Does the implied price-per-share represent First Beijing Investment Ltd's cost basis in YMM?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.