Why One Fund Made a $12.5 Million Bet on KE Holdings Despite a 12% One-Year Stock Slide

China-based Perseverance Asset Management International initiated a new position in KE Holdings Inc. (NYSE:BEKE), adding 659,849 shares with a transaction value of approximately $12.54 million, according to its November 14 SEC filing.According to a filing with the Securities and Exchange Commission dated November 14, Perseverance Asset Management International reported a new position in KE Holdings Inc. (NYSE:BEKE), acquiring 659,849 shares during the third quarter. The stake was valued at $12.54 million at quarter-end, including shares held both with sole and defined discretion. The fund’s disclosure showed 23 total reportable positions and $840.49 million in U.S. equity assets under management as of September 30.Top five holdings after the filing:  Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool