Two Funds Exit Full Truck Alliance in Large SEC‑Filed Stake Sales
The filings could reflect portfolio repositioning rather than a direct verdict on the company because Full Truck Alliance recently reported stronger order growth and an AI efficiency roadmap.
Overview
- Kontiki Capital Management (HK) reported in an SEC filing that it sold all 20,380,969 of its Full Truck Alliance shares, an estimated $193.84 million position based on first-quarter average pricing.
- Cederberg Capital disclosed in an SEC filing that it sold all 1,828,900 of its Full Truck Alliance shares, a move the filing said reduced its position value by about $20 million.
- Both exits were disclosed to the SEC on May 15, 2026, and were publicly noted in coverage on May 31, 2026, showing confirmed institutional divestments rather than informal market rumors.
- The dollar figures reported are estimates calculated from average Q1 closing prices in the filings and do not represent exact trade proceeds or the sellers' stated reasons for selling.
- Full Truck Alliance remains a large China digital freight platform and recently reported quarter-to-quarter gains in orders and an announced plan to speed AI-driven efficiency, so the sales are a notable repositioning that do not by themselves prove operating trouble.