Why a $1.6 Million Trim Didn't Knock This $16 Million China Logistics Bet Off Course

A small trim can say more about risk management than conviction, and the latest earnings help explain why this position still matters.Dallas-based Highlander Partners cut its position in Full Truck Alliance Co. Ltd. (YMM +4.85%) by 260,000 shares last quarter, reducing exposure by $1.65 million, according to a November 13 SEC filing.What HappenedIn a filing submitted to the U.S. Securities and Exchange Commission on November 13, Highlander Partners reported selling 260,000 shares of Full Truck Alliance Co. ...