'Big Short' Michael Burry Doubles Down on 2 Chinese Stocks

Friday, 17 May 2024, 10:43
Michael Burry, famous from 'The Big Short,' has made significant investment moves in Chinese stocks, particularly Alibaba and JD.Com Inc. He doubled down on these positions amidst changes in his portfolio, showing a strategic shift towards long positions. Burry's latest filings indicate a strong commitment to his Chinese stock bets, which are showing promising uptrends despite initial challenges.
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'Big Short' Michael Burry Doubles Down on 2 Chinese Stocks

Michael Burry's Latest Investments in Chinese Stocks

The recent 13-f filing for the fourth quarter of 2023 revealed key insights into Michael Burry's investment decisions. Despite initial challenges, Burry has doubled down on his positions in Alibaba and JD.Com Inc.

Alibaba (NYSE: BABA)

Burry initially invested in Alibaba when the stock was near its annual highs. His holding has since increased to 125,000 shares worth over $10 million, showing a positive turn in this investment.

JD.Com Inc (NASDAQ: JD)

Similar to his Alibaba investment strategy, Burry has expanded his position in JD.Com Inc, owning 360,000 shares valued at more than $23 million. Despite market fluctuations, the stock has shown a promising rise in recent months.

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.

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