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Cubist Systematic Strategies LLC Reduces Its Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Cubist Systematic Strategies LLC Reduces Its Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

According to the most recent disclosure that Cubist Systematic Strategies LLC provided to the SEC, the company’s holding of Full Truck Alliance Co. Ltd. (NYSE: YMM) was reduced by 71.4% during the third quarter. Cubist Systematic Strategies LLC submitted this information. The institutional investor owned 331,213 shares of the company’s stock at the end after selling 826,594 shares of the company’s stock throughout the period. At the end of the most recent fiscal period, the value of the ownership stake in Full Truck Alliance that Cubist Systematic Strategies, LLC holds was determined to be $2,169,000.

Recent transactions have resulted in several institutional investors and other hedge funds modifying the amount of the company’s stock that they currently hold in their portfolios. The acquisition of a new position in Full Truck Alliance cost XTX Topco Ltd. $67,000 during the first three months of 2018. During the first three months of 2018, Jasper Ridge Partners L.P. spent $69,000 purchasing shares of Full Truck Alliance. During the second quarter, Vanguard Personalized Indexing Management LLC increased the amount of Full Truck Alliance stock owned by a percentage equivalent to 23.7%. As a result of the purchase of an additional 2,514 shares throughout the period in question to acquire a new position in Full Truck Alliance, Vanguard Personalized Indexing Management LLC now has a total of 13,117 shares of the company. The current value of these shares is $119,000, which was obtained through acquiring a new position. During the first three months of 2018, Jasper Ridge Partners L.P. spent $69,000 purchasing shares of Full Truck Alliance. During the second quarter, Vanguard Personalized Indexing Management LLC increased the amount of Full Truck Alliance stock owned by a percentage equivalent to 23.7%. As a result of the purchase of an additional 2,514 shares throughout the relevant period, Vanguard Personalized Indexing Management LLC now has a total of 13,117 shares of the company. These shares are currently worth a total of $119,000 and were acquired. During the second quarter of the fiscal year, Sumitomo Mitsui Trust Holdings Inc. purchased shares of Full Truck Alliance for a total investment amount of 121 thousand dollars. Finally, during the third quarter of the fiscal year, Renaissance Technologies LLC invested a total of $124,000 in filling a new position with Full Truck Alliance. To the tune of 36.69% of the company’s shares, institutional investors and hedge funds collectively hold these shares in their portfolios.

On Tuesday, during midday trading, the share price of NYSE: YMM fell by $0.30, bringing the price to $9.68. Only 477,609 of the company’s shares changed hands, which is significantly less than the average volume of 6,041,777 shares traded

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