Big investors took a selective approach to China-based technology stocks in the second quarter, recent regulatory filings suggest.
Technology stocks continued their upward trend during the second quarter, including a slew of 2022's China-based tech losers.
The fund scooped up a fresh position in e-commerce company JD.com worth nearly $64 million, and bought up China-focused exchange-traded funds KraneShares CSI China Internet (KWEB) and iShares China Large-Cap (FXI) .
Other hedge funds raising bets on the company included Third Point's Dan Loeb, while Viking Global's Ole Andreas Halvorsen opened a minor stake worth $77.7 million.
Not every investor bet big on the sector during the second quarter.
Persons:
David Tepper's, Point's Dan Loeb, Ole Andreas Halvorsen, Baidu, Management's Philippe Laffont, Dan Sundheim, Tiger Global's Chase Coleman, — CNBC's Michael Bloom
Organizations:
Technology, Reuters, Retail, CSI China Internet, Viking, Li, PDD Holdings, Kanzhun
Locations:
China, Alibaba