Renowned investor Michael Burry, famed for his prescient ‘Big Short’ call on the 2008 financial crisis, has made significant moves in his portfolio this first quarter, focusing heavily on Chinese tech giants and physical Gold (XAU/USD).
Burry’s fund, Scion Asset Management, has notably increased its stakes in JD.com and Alibaba (NYSE: BABA), with these two holdings now constituting 18.2% of the portfolio.
In an aggressive play, Burry boosted his position in JD by 80%, adding 160,000 shares, and ramped up his Alibaba shares by 66.67%, acquiring an additional 50,000 shares.
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This strategic pivot towards major Chinese e-commerce companies underscores Burry’s confidence in their growth potential.
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However, the most striking addition to Burry’s portfolio is the Sprott Physical Gold Trust (PHYS). With gold prices soaring nearly 17% this year, outpacing the S&P 500 (SPY) 12% return, Burry has made a bold bet on the precious metal.
His acquisition of 444,000 units of PHYS, valued at over $10 million, now represents approximately 7.4% of his total portfolio. This move signals a strong belief in gold as a hedge against market volatility and inflation.
In addition to these key holdings, Michael J Burry has diversified his top 10 positions with new entries like Cigna and – BP plc (LON: BP), reflecting his strategic approach to balancing growth and stability.
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