As investors around the world continue to attentively watch his stock bets, Michael Burry of ‘The Big Short’ has shaken up his stock portfolio, demonstrating particularly bullish sentiment and increasing his exposure to shares of Chinese companies, now making up nearly half of his entire holdings.
Indeed, Burry has recently filed purchases of Alibaba (NYSE: BABA), Shift4 Payments (NYSE: FOUR), Molina Healthcare (NYSE: MOH), Baidu (NASDAQ: BIDU), as well as selling JD.com (NASDAQ: JD), according to the data shared by Michael Burry Stock Tracker in an X post on August 14.
Specifically, Burry has purchased 30,000 Alibaba stocks, now making up 21.26% of his portfolio, 100,000 Shift4 Payments stocks at 13.97%, 24,530 Molina Healthcare stocks (13.89%), and 35,000 Baidu shares (12.36%), while reducing his exposure to JD.com to 12.31% by selling 110,000 JD stocks.
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Burry’s exposure to Chinese vs. American stocks
As the analysts revealed, he is “even more bullish on China than before,” as its companies “now make up 45% of his entire portfolio,” referring to his bets on the e-commerce and technology giant Alibaba, the artificial intelligence (AI) focused tech company Baidu, and online shopping platform JD.com.
It is also worth noting that Burry offloaded significant positions in major American tech companies in Q1 2024, including Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL), and Oracle (NYSE: ORCL), suggesting he has a bearish sentiment on the American economy, particularly its high-valuation tech stocks.
Meanwhile, Alibaba, the Chinese company that takes center stage in the portfolio of the American investor and hedge fund manager who predicted the 2008 housing market collapse is recording a 1.36% drop in pre-market, having declined 0.025% across the week but increased 1.87% over the month.
At the same time, its current price of $79.47 represents a 6.30% advance on the year-to-date (YTD) chart for the company that is awaiting its Q2 2024 earnings report on August 15, for which many expect to be strong, particularly against the backdrop of its subsidiary, Lazada, achieving profitability.
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