Michael Burry Boosts Alibaba Holdings, Reduces U.S. Stocks

Michael Burry, known for his successful prediction of the 2008 housing crisis, has made notable shifts in his investment strategy, as detailed in his recent 13F filing for Q2 2024. He significantly increased his stake in Alibaba, making it his largest holding valued at over $11 million, and has also shown bullish sentiment towards other Chinese companies, with Chinese stocks now comprising nearly 45% of his portfolio. In addition to Alibaba, Burry has invested in Baidu and Shift4 Payments, while decreasing his exposure to JD.com and offloading major US tech stocks like Amazon and Alphabet, indicating a bearish outlook on the American economy. His portfolio also reflects investments in healthcare and real estate sectors, suggesting a diversified strategy amid market uncertainties. Burry's moves have sparked discussions about the implications for the broader market, particularly regarding the recovery of tech companies in China. The latest filings emphasize the evolving landscape of Burry's investments and his strategic positioning amid changing market dynamics.