Michael Burry's Fund Performance: Key Stocks Including Alibaba and Baidu
Thursday, 3 October 2024, 14:30
Michael Burry's Strategic Success in 2024
Michael Burry, the renowned investor known for betting against the housing market, has achieved a remarkable 39% gain in 2024 through his fund, Scion Asset Management. His approach emphasizes a concentrated portfolio, making significant investments in strategically chosen companies.
Top Investments in Burry's Portfolio
- Alibaba (BABA): Currently trading at $112.58, Alibaba's recent buyback update positions it for further growth, with a year-to-date increase of 50.59%.
- Shift4 Payments (FOUR): Shift4 Payments has shown a 29.83% revenue growth this year and is rated as outperform by analysts.
- Molina Healthcare (MOH): Despite a decline of 11.14% this year, MOH is poised for recovery with a strong focus on Medicaid.
- Baidu (BIDU): A leader in AI and search in China, Baidu currently demonstrates a resilient strategy amidst global market changes.
Conclusion on Burry's Performance
As Burry capitalizes on select stocks, his future strategies will be closely watched by investors looking for insights into market movements.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.