Big Investor Bought Apple, Tesla Stock, and Sold Alibaba and XPeng

Big Investor Bought Apple, Tesla Stock, and Sold Alibaba and XPeng

Text size

A large asset manager made some big changes in its U.S.-traded stock investments.

DNB Asset Management bought more



Apple



(ticker: AAPL) and



Tesla



(TSLA) shares in the first quarter, and slashed an investment in



Alibaba Group Holding



(BABA) American depositary receipts, and sold all ADRs of Chinese electric-vehicle firm