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Tag: assets under management

  • This China Tech Stock Just Became a Fund’s Top Holding With a $33 Million Buy

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    • Hong Kong-based Bright Valley Capital initiated a new stake in YMM, buying up 2.57 million shares in the third quarter.

    • The position was worth about $33.36 million at quarter-end.

    • YMM position represents 19.75% of Bright Valley’s 13F reportable assets under management (AUM).

    • These 10 stocks could mint the next wave of millionaires ›

    Hong Kong-based Bright Valley Capital established a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM), adding 2.57 million shares valued at approximately $33.36 million, according to a November 13 SEC filing.

    According to a Securities and Exchange Commission (SEC) filing dated November 13, Bright Valley Capital disclosed a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM) totaling 2.57 million shares. The stake was valued at $33.36 million as of September 30 and was not present in the previous quarterly filing.

    The new position now comprises 19.75% of the fund’s reportable U.S. equity AUM.

    Top holdings after the filing:

    • NYSE: YMM: $33.36 million (26.37% of AUM)

    • NASDAQ: HTHT: $31.01 million (24.52% of AUM)

    • NASDAQ: LX: $19.07 million (15.08% of AUM)

    • NASDAQ: JOYY: $14.95 million (11.82% of AUM)

    • NASDAQ: DOYU: $8.33 million (6.58% of AUM)

    As of Friday, shares of YMM were priced at $11.25, up about 4% over the past year and underperforming the S&P 500’s roughly 17% gain in the same period.

    Metric

    Value

    Price (as of Friday)

    $11.25

    Market Capitalization

    $11.77 billion

    Revenue (TTM)

    $1.71 billion

    Net Income (TTM)

    $588.99 million

    • Full Truck Alliance offers a digital freight platform providing freight listing, matching, brokerage, online transactions, and value-added services such as credit solutions, insurance, and electronic toll collection.

    • The company serves shippers and truckers across China, targeting enterprises and individual logistics providers seeking efficient freight connections.

    • It employs over 7,000 people and operates at scale within China’s technology-driven logistics sector.

    Full Truck Alliance Co. Ltd. operates at scale within China’s logistics sector, leveraging technology to connect shippers with truckers and streamline freight transactions.

    Allocating nearly one-fifth of a portfolio to a single position suggests Bright Valley believes the market is still mispricing the durability of the underlying business. Full Truck Alliance sits at the center of China’s logistics economy, where scale and network effects compound quietly rather than explosively. In the third quarter, the company grew revenue 10.8% year over year to $471.7 million while fulfilled orders jumped more than 22%, a reminder that usage growth continues to outpace headline sales growth.

    What makes the story more interesting is where that growth is coming from. Transaction services revenue surged 39% year over year, and value added services rose nearly 17%, pushing the platform further away from simple freight listings and deeper into monetized infrastructure. At the same time, the balance sheet remains a strength, with $4.4 billion in cash and investments and consistent operating cash flow generation.

    Within the broader portfolio, this position sits alongside other China internet and platform names, reinforcing that this is a thematic bet on digital marketplaces rather than a one-off trade. The stock has lagged the broader market, but for patient investors, scale, profitability, and cash can bode well.

    Position: An investment or holding of a particular security or asset within a portfolio.
    Assets Under Management (AUM): The total market value of investments that a fund or manager oversees on behalf of clients.
    13F Report: A quarterly filing by institutional investment managers disclosing their U.S. equity holdings to the SEC.
    Reportable Assets: Investments that must be disclosed in regulatory filings, typically U.S. publicly traded securities.
    Quarter-end: The last day of a fiscal quarter, often used as a reference point for financial reporting.
    Stake: The amount or percentage of ownership an investor holds in a company.
    Outperforming: Achieving a higher return compared to a specific benchmark or index over a given period.
    Digital Freight Platform: An online system that connects shippers and carriers to arrange and manage freight transportation.
    Brokerage: The service of arranging transactions between buyers and sellers, often for a commission.
    Value-added Services: Additional offerings beyond core services, such as credit, insurance, or toll solutions, to enhance customer value.
    TTM: The 12-month period ending with the most recent quarterly report.

    Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

    On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

    • Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $489,825!*

    • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $51,557!*

    • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $490,703!*

    Right now, we’re issuing “Double Down” alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon.

    See the 3 stocks »

    *Stock Advisor returns as of January 2, 2026

    Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

    This China Tech Stock Just Became a Fund’s Top Holding With a $33 Million Buy was originally published by The Motley Fool

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  • What a $3 Million Bet on Chime Financial Stock Signals About the Fintech’s Post-IPO Outlook

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    • California-based StepStone Group initiated a position in Chime Financial during the third quarter, buying 150,000 shares for an estimated $3 million.

    • The new position represents 1.4% of 13F reportable assets under management.

    • The stake places Chime Financial outside the fund’s top five holdings.

    • These 10 stocks could mint the next wave of millionaires ›

    California-based StepStone Group reported a new position in Chime Financial (NASDAQ:CHYM), adding 150,000 shares valued at approximately $3 million, according to a November 14 SEC filing.

    According to an SEC filing released November 14, StepStone Group initiated a new position in Chime Financial (NASDAQ:CHYM), acquiring 150,000 shares in the quarter ended September 30. The estimated value of the stake reached $3 million, representing 1.4% of the fund’s $212.7 million in reportable U.S. equity assets at quarter-end.

    Top holdings post-filing:

    • NYSE:STUB: $127.3 million (62.7% of AUM)

    • NYSE:KRMN: $21.1 million (10.4% of AUM)

    • NYSE:PATH: $17.2 million (8.5% of AUM)

    • NASDAQ:GENVR: $11.2 million (5.5% of AUM)

    • NASDAQ:DKNG: $6 million (3% of AUM)

    As of Friday, shares of Chime Financial were priced at $26.19, about 3% below their June IPO price of $27 per share.

    Metric

    Value

    Price (as of market close 2025-11-14)

    $19.19

    Market Capitalization

    $7.07 billion

    Revenue (TTM)

    $1.67 billion

    Net Income (TTM)

    ($25.34 million)

    • Chime Financial offers mobile-first, fee-free banking services including checking, savings, early paycheck access, and overdraft protection.

    • The company generates revenue mainly through interchange fees and offers its services via partnerships with FDIC-insured banks.

    • It targets U.S. consumers earning under $100,000 per year.

    Chime Financial, Inc. operates as a mobile-first fintech platform in the U.S. with a digital-first approach to consumer banking. The company emphasizes accessibility and fee-free banking services, focusing on serving consumers earning under $100,000 per year.

    StepStone’s move here matters less because of its size and more because of its timing. Chime is only months removed from its IPO, and institutional investors are typically cautious early. Stepping in now suggests growing confidence that Chime’s operating model is starting to translate into durable economics.

    The company’s third-quarter results help explain why. Revenue climbed 29% year over year to $544 million, while active members rose 21% to 9.1 million. More importantly for long-term holders, profitability metrics are moving in the right direction. Gross margin held at 87%, adjusted EBITDA turned positive at $29 million, and margins expanded sharply year over year as operating costs scaled more slowly than revenue. Management also raised full-year guidance and authorized a $200 million share repurchase program.

    Within the broader portfolio, this position sits well below the fund’s largest, more concentrated bets, indicating measured exposure rather than a high-conviction swing. For patient investors, Chime’s appeal rests on its growing base of higher-income users, improving unit economics, and increasing monetization through products like MyPay and instant transfers. The risk remains execution. But the fundamentals justify institutional interest.

    13F reportable assets: Assets that institutional investment managers must report quarterly to the SEC, showing U.S. equity holdings.
    Assets under management (AUM): The total market value of investments managed on behalf of clients by a fund or firm.
    Position: The amount of a particular security or asset held by an investor or fund.
    Initiated holding: The act of acquiring a security for the first time, creating a new position in a portfolio.
    Top holdings: The largest investments in a fund or portfolio, typically by market value.
    Stake: The ownership interest or share an investor holds in a company.
    Interchange fees: Fees paid by merchants’ banks to card-issuing banks for processing debit or credit card transactions.
    Mobile-first: A strategy or product designed primarily for use on mobile devices before desktop platforms.
    Fintech: Technology-driven companies or solutions that improve or automate financial services.
    FDIC-insured banks: Banks whose deposits are protected by the Federal Deposit Insurance Corporation, up to legal limits.
    Quarter-end: The last day of a fiscal quarter, used for financial reporting and analysis.
    TTM: The 12-month period ending with the most recent quarterly report.

    Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

    On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

    • Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $453,954!*

    • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $52,940!*

    • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $513,353!*

    Right now, we’re issuing “Double Down” alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon.

    See the 3 stocks »

    *Stock Advisor returns as of December 8, 2025

    Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends UiPath. The Motley Fool has a disclosure policy.

    What a $3 Million Bet on Chime Financial Stock Signals About the Fintech’s Post-IPO Outlook was originally published by The Motley Fool

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