Michael Burry of ‘The Big Short’ has updated his stock portfolio, focusing on defensive equities, selective exits, and an evolving stance on Chinese technology giants.
His defensive tilt is evident in his increased allocation to healthcare and insurance, alongside a notable reduction in Chinese tech stocks, which had delivered significant returns in previous months.
According to Burry’s latest 13F filing for the fourth quarter of 2024, his firm, Scion Asset Management, holds 13 stocks with a total portfolio value of $77.4 million.
Picks for you
The largest holdings remain Chinese e-commerce giants Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU), making up 16.43% and 13.61% of the portfolio, respectively.
However, during the quarter, Burry trimmed his position in the Chinese tech positions, reducing his stake in JD.com (NASDAQ: JD) by 40% and Alibaba by 25%. This move could signal a cautious approach to these stocks, even as they continue to rally in recent weeks.
For instance, year to date, BABA has surged 46.83%, trading at $124.73 as of the last session. The company’s venture into artificial intelligence (AI) has fueled part of this growth.
In late January, Alibaba released a new version of its Qwen 2.5 AI model, which it claimed surpassed DeepSeek-V3—a model that has gained massive popularity recently.
JD.com is also off to a strong start in 2025, gaining over 20% and trading at $41.38 as of press time. This momentum has been driven partly by the company’s global expansion and various strategic partnerships.
Additionally, Burry’s portfolio recorded a significant shift after he swept aside his positions in Shift4 Payments (NYSE: FOUR) and Olaplex Holdings (NASDAQ: OLPX)
Michael Burry’s other portfolio adjustments
Among Burry’s latest purchases, the most significant is The Estee Lauder Companies (NYSE: EL), now accounting for 9.68% of his portfolio after he acquired 100,000 shares at an average price of $74.98.
Another major addition is PDD Holdings (NASDAQ: PDD), where he bought 75,000 shares, making up 9.39% of his total holdings. His healthcare investments have also expanded with a position in HCA Healthcare (NYSE: HCA), valued at $4.5 million, and an increased stake in American Coastal Insurance (NASDAQ: ACIC), where he added 46.1% more shares.
Meanwhile, Molina Healthcare (NYSE: MOH), a long-time holding, saw a 16.67% share reduction. Other new additions include Bruker Corp (NASDAQ: BRKR), V.F. Corp (NYSE: VFC), and Oscar Health (NYSE: OSCR), reflecting a diversified approach across industries.
Burry’s latest portfolio adjustments are noteworthy given his track record in predicting major market shifts. He most famously foresaw the 2008 financial crisis and profited from the subprime mortgage collapse.
His move toward defensive stocks and reduced Chinese tech exposure suggests he is potentially bracing for market volatility—making his latest strategy one to watch for the coming quarters.
Disclaimer: The featured image in this article is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted.
