A large European asset manager recently made material changes in its largest U.S-traded stock investments.
DNB Asset Management sold iPhone maker Apple (ticker: AAPL) stock, and bought shares of General Electric ( GE ) and Nvidia (NVDA), and initiated an investment in Coinbase Global ( COIN ) in the second quarter. The unit of Norway’s largest financial-services firm DNB disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.
