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

A concentrated new position is rarely about chasing momentum, and the underlying fundamentals here might explain why this name is showing up at the top of the portfolio.Hong Kong-based Bright Valley Capital established a new position in Full Truck Alliance Co. Ltd. (YMM +4.85%), adding 2.57 million shares valued at approximately $33.36 million, according to a November 13 SEC filing.What HappenedAccording to a Securities and Exchange Commission (SEC) filing dated November 13, Bright Valley Capital disclosed ...