Michael Burry’s stock market activities have been a major point of interest for investors ever since he made it big with a well-placed bet ahead of the 2008 crisis, which has since solidified its place in history as “The Big Short.”
More than a decade and a half later, Burry is still making intriguing choices with his portfolio.
The Q3 2023 $4 million Alibaba (NYSE: BABA) bet, for example, has taken much attention in recent months, mostly due to the Chinese company’s seemingly endless decline following the purchase.
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Still, “The Big Short” investor Michael Burry is far from invested only in Alibaba – and Alibaba itself has recently been doing better – so Finbold decided to take a look at some of his top stock holdings and how they have been performing since the start of 2024.
Alibaba (NYSE: BABA)
According to the most recent available filings, Alibaba remains the biggest individual holding in Michel Burry’s portfolio – albeit with a small margin – and has, so far, mostly been losing money for the Big Short investor.
Indeed, when Burry made his $4 million BABA bet in the third quarter of 2023, the company’s shares were worth approximately $86, while their latest close placed them at $76.06.
Despite still being below the purchase price, 2024 has offered some silver lining for Burry and Alibaba stock alike.
The company has been on a highly volatile path of recovery after the Chinese government stepped in to stabilize its markets after what appeared as a multi-year crisis turned into a money abyss in January and early February.
Year-to-date (YTD), Alibaba shares are 1.74% in the green and the more recent performance is decidedly more positive. The last 30 days saw the stock rise 6.23%, and the last 7 saw it increase in value by 2.51%.
At the latest close on Tuesday, March 12, Alibaba shares were 1.20% in the green and are $3 above their price when Finbold made its latest assessment of Burry’s investment at $76.06.
JD.com Inc. (NASDAQ: JD)
Michael Burry’s second-largest holding at the time of publication is another Chinese company: the e-commerce platform JD.com Inc. (NASDAQ: JD).
Through much of early 2024, JD stock has been following a similar pattern to many of its peers in the Chinese market. The e-commerce shares started the year in what looked like a freefall, only to stabilize after the government promised to step in with a massive financial injection.
More recently, the JD shares started decisively rising with the most dramatic climb taking place in early March as the company published a strong Q4 earnings report.
YTD, JD is only 0.63% up, but its performance in the last 30 days – bringing a 23.68% rise – and the last 7 days – with a 10.19% surge – present a strong case that Burry’s investment might pay off significantly in the coming months.
The most recent close has also been positive for JD stock as it ended the day 4.99% in the green at $27.37.
HCA Healthcare (NYSE: HCA)
“The Big Short” Michael Burry’s third-largest holding is located on the other side of the Paicific – HCA Healthcare (NYSE: HCA). The American healthcare stock is a relative newcomer to the portfolio as it was acquired sometime in the fourth quarter of 2024 and has provided a far less checkered performance than Alibaba and JD.
Indeed, as it is likely that Burry acquired HCA stock near the time it took a major hit after publishing its Q3 report, it has done little other than rise since it found its place among the famous investor’s holdings.
YTD, HCA shares are 17.52% in the green. The story is much the same in other timeframes and the stock is also up in the last 30 days – 6.24% – 7 days – 1.81% – and 24 hours – 0.72%.
At the latest close on Tuesday, March 12, HCA shares were worth $323.55.
Oracle Corporation (NYSE: ORCL)
Michael Burry’s fourth-largest holding has been, hands down, his best-performing major investment in the first trimester of 2024.
While generally staying in the green since January 1, Oracle Corporation (NYSE: ORCL) has also offered a staggering 1-day surge on March 12 after publishing its latest earnings report.
The standout data point from the document that helped the company close 11.75% in the green at $127.54 is that its cloud revenue jumped a stunning 25% in the quarter.
Oracle stock has also been performing well for a long time. YTD, the company is 22.56% in the green, and it also rose 12.19% in the last 30 days – though, admittedly, the entirety of the growth in the time frame is accounted for by the one-day jump in the wake of the earnings report.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
