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Chinese e-com giant up 45% since Michael Burry’s Q1 filing

Chinese e-com giant up 45% since Michael Burry's Q1 filing

Ever since the 13-f filing covering the third-quarter 2023 holdings in the portfolio of Michael Burry of ‘The Big Shortand his Scion Asset Management was published, his massive Alibaba (NYSE: BABA) bet has taken center stage.

Indeed, the investment was particularly noteworthy as it has been for nearly a year – much like Michael Burry’s since-abandoned short positon targeting the semiconductor industry – a losing trade for the famous investor.

Nonetheless, not only has BABA recently rallied enough that Burry is near to being in the green on the purchase, but another Chinese company whose shares he holds – and which, in fact, constitutes the largest holding in the portfolio as of May 2024 – has emerged as a major winner.

In the same trimester that ‘The Big Short’ investor Michael Burry purchased Alibaba stock, he also acquired 125,000 shares of another e-commerce giant: JD.Com (NASDAQ: JD).

Additionally, the investor has been continuously increasing his stake in the Chinese firm, adding 75,000 shares during the final trimester of 2023 and, as revealed in the latest filing, 160,000 in Q1, 2024.

How much did ‘Big Short’ investor Michael Burry make?

Unlike Alibaba, JD.Com has been experiencing a massive rally in recent months and is, since January 2, 27.76% in the green. Even more impressively, the company’s stock rocketed a staggering 45% since Dr. Michael Burry’s filing covering Q1, 2024, was unveiled on February 15.

JD stock YTD price chart. Source: Google

Still, much like the BABA bet, the investment in JD stock remains mixed given that the firm is 3.45% in the red in the last 52 weeks, and its stock market value is down as much as 15.85% compared to highs seen in July 2023 – one of the possible purchase times for the initial batch of shares.

JD stock 1-year price chart. Source: Google

On the other hand, given that the Chinese e-commerce giant has been trading in the range between $21 and $30 between the start of last October and end of March – the time when Burry built approximately two thirds of his holding – and that JD price today stands at $34.75, it is most likely that ‘The Big Short’ investor Michael Burry is, overall, in the green on the $12 million investment.

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