5 Biggest Stocks with Negative Beta

3. KE Holdings Inc. (NYSE:BEKE)

Market Cap as of September 13: $21.3B

KE Holdings Inc. (NYSE:BEKE) shares recently jumped after the company declared a special special dividend and increased its stock buyback program.

Insider Monkey’s database of 910 hedge funds shows that 36 hedge funds had stakes in KE Holdings Inc. (NYSE:BEKE).

Artisan Developing World Fund made the following comment about KE Holdings Inc. (NYSE:BEKE) in its second quarter 2023 investor letter:

“Bottom contributors to performance for the quarter included real estate platform KE Holdings Inc. (NYSE:BEKE). Beike fell due to weaker industry property sales in China in April following the release of strong pent-up demand in Q1, despite accelerating revenue and very modest cost growth.”