JP Morgan has increased its holding in Meituan (3690) by 0.46 percent for HK$4.28 billion.
A filing showed that the US investment house purchased 25.8 million shares last week, raising its stake in China's food delivery giant to 6.45 percent.
It also sold 4.53 million shares of China Merchants Bank (3968) to cash in about HK$210 million.
Meanwhile, Soros Fund Management put 242,400 more shares of Tesla into its portfolio in the fourth quarter, adding up to a total of 332,000 shares, when the US electric vehicle maker saw its shares slump.
The fund also picked 500,000 pieces of Cathie Wood's Ark Innovation exchange-traded-funds, whose largest position is in Tesla.
It has also increased its stake in other troubled companies, as it bought more than 83 million shares of fitness bike maker Peloton Interactive and the shares of ride-hailing platform Lyft.
The fund has also turned its attention to cryptocurrency stocks, buying about 40 million shares of Marathon Digital and 17.2 million shares of Block.
HK$4.28 billion worth of Meituan’s shares were bought by the bank. REUTERS
