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This is how much ‘Big Short’ M. Burry is up on his Amazon bet so far

This is how much ‘Big Short’ M. Burry is up on his Amazon bet so far

Last year saw two major and widely-discussed stock market bets made by ‘The Big Short’ investor Michael Burry – his since-abandoned wager against the semiconductor industry, and the persistent investment in the Chinese technology and e-commerce giant Alibaba (NYSE: BABA).

This year, Burry bought a string of new stocks with one of the most prominent and least controversial acquisitions coming in the form of Jeff Bezos’s own big tech firm. Amazon (NASDAQ: AMZN).

While not quite at its recently achieved new all-time high (ATH), Amazon’s stellar 2024 performance prompted Finbold to examine just how much Michael Burry makes on his $4 million e-commerce bet.

How much did Burry make on Amazon?

Given that the value provided in the latest 13-f filing for Burry’s Scion Asset Management only reveals the number of shares held and their value on the last day of 2023, it is rather difficult to make a precise estimate of the famous investor’s gains.

Still, Amazon arrived in Burry’s portfolio in the final trimester of 2023 and AMZN share price in the time frame ranged roughly between $125 and $150 making $135 a reasonable assumed purchase price.

Since ‘The Big Short’ trader owns 30,000 shares of the e-commerce blue-chip, his initial investment would have – at the assumed price – amounted to approximately $4 million.

Given that Amazon’s stock rose to $186.13 by the market’s close on Friday, April 12, Burry’s investment would have grown to about $5.6 million meaning the investor is up $1.6 million on Amazon shares – a 40% increase in value.

Amazon stock price chart

Burry’s substantial returns hardly come as a surprise given that Amazon has recorded significant growth in 2024 as it solidified its position as the e-commerce giant, expanded its foothold in the entertainment industry, and solidified its position as a cloud services provider for the ongoing artificial intelligence (AI) boom.

Year-to-date (YTD), Amazon shares are 24.14% in the green, while the last 52 weeks saw an even greater 81.17% rise.

AMZN stock YTD price chart. Source: Google

More recent performance has also been positive with AMZN finding itself 6.71% in the green on the monthly chart, but 0.43% in the red in the last full week of trading. Amazon price today stands at $187.25 after a 0.64% rise from its latest closing price of $186.13.

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