Top 5 Chinese Stocks Bridgewater Associates is Selling

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1. KE Holdings Inc. (NYSE:BEKE)

Number of Hedge Fund Holders: 36

KE Holdings Inc. (NYSE:BEKE) is a Chinese platform for housing transactions and services. It offers four segments: Existing Home, New Home, Home Renovation and Furnishing, and Emerging and Other Services. Insider Monkey’s database of hedge funds shows that 36 hedge funds had stakes in KE Holdings Inc. (NYSE:BEKE) during the second quarter of 2023.

Bridgewater Associates owned 1.56 million shares of BEKE worth about $23.09 million in Q2 2023 but reduced its position by 27%. BEKE is still one of the fund’s top Chinese stocks.

Artisan Partners 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.”

Follow Ke Holdings Inc. (NYSE:BEKE)

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