A large asset manager made some big changes in its U.S.-traded stock investments.
DNB Asset Management bought more
(ticker: AAPL) and
(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
(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...