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

3 weeks ago 23

Jonathan Ponciano, The Motley Fool

Sun, December 28, 2025 astatine 2:49 PM CST 5 min read

China-based Perseverance Asset Management initiated a presumption successful KE Holdings during the 3rd quarter, buying up a full of 659,849 shares.
The shares were worthy an estimated $12.54 cardinal astatine quarter-end.
BEKE is not among the fund’s apical 5 holdings arsenic of September 30.
These 10 stocks could mint the adjacent question of millionaires ›

China-based Perseverance Asset Management International initiated a caller presumption successful KE Holdings Inc. (NYSE:BEKE), adding 659,849 shares with a transaction worth of astir $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 caller presumption successful KE Holdings Inc. (NYSE:BEKE), acquiring 659,849 shares during the 3rd quarter. The involvement was valued astatine $12.54 cardinal astatine quarter-end, including shares held some with sole and defined discretion. The fund’s disclosure showed 23 full reportable positions and $840.49 cardinal successful U.S. equity assets nether absorption arsenic of September 30.

Top 5 holdings aft the filing:

NASDAQ: HTHT: $312.00 cardinal (37.12% of AUM)
NASDAQ: PDD: $275.46 cardinal (32.77% of AUM)
NASDAQ: GOOGL: $73.07 cardinal (8.69% of AUM)
NYSE: RLX: $31.59 cardinal (3.76% of AUM)
NASDAQ: NTES: $31.01 cardinal (3.69% of AUM)

As of Friday, shares of KE Holdings Inc. were priced astatine $16.22, down 12% implicit the past twelvemonth and good underperforming the S&P 500, which is alternatively up astir 15% successful the aforesaid period.

Metric

Value

Price (as of Friday)	$16.22
Market capitalization	$18.86 billion
Revenue (TTM)	$14.52 billion
Net income (TTM)	$549.10 million

KE Holdings offers an integrated level for lodging transactions and services, including existing and caller location sales, location renovation, rental management, and related services.
The institution operates a hybrid online-offline concern model, generating gross chiefly from transaction commissions, work fees, and value-added offerings crossed its level brands.
It serves location buyers, sellers, renters, and existent property agents crossed China, targeting some idiosyncratic consumers and organization clients successful the residential spot sector.

KE Holdings Inc. is simply a starring existent property services supplier successful China, leveraging exertion to link buyers, sellers, and agents done its Beike and Lianjia platforms. The company’s scale, broad work portfolio, and integrated integer infrastructure enactment a defensible presumption successful the competitory lodging market. KE Holdings’ absorption connected some online and offline channels enables wide marketplace scope and operational resilience.