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

SourceCNBC
SectorFinancial Markets
CountryMiddle east

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

XPeng

(XPEV). DNB Asset Management disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.

DNB Asset Management, a unit of Norway’s largest financial-services firm DNB,...read more...