Michael Burry is one of the most respected investors in the world. Immortalized in the 2015 Hollywood blockbuster ‘The Big Short’, Burry’s claim to fame is that he correctly predicted the subprime mortgage collapse that ended up causing the 2008 financial crisis.
Burry made millions in the resulting crash — but he hasn’t been resting on his laurels since. Through his hedge fund, Scion Asset Management, he remains an active investor. Most of his recent investments, however, aren’t in the United States — Burry is perhaps the most notable China bull.
Throughout the course of 2024, his portfolio made an estimated return of 74.24% — far outpacing the S&P 500’s gain of 25% in the same timeframe. At present, it seems to be on a good course to replicate its success in 2025. For example, Burry’s second-largest holding, JD.com (NASDAQ: JD) has rallied by 17.01% since the start of the year.
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Even more impressively, Burry’s largest holding, Chinese e-commerce and tech giant Alibaba (NYSE: BABA) has seen prices surge by 23.37% since the beginning of the year, up to $104.61 by press time on February 7. A surprisingly small number of Wall Street analysts track BABA stock and issue ratings for it — but those that do are finally beginning to notice what Michael Burry saw long ago — tremendous growth potential.
Michael Burry’s biggest holding receives vote of confidence from Wall Street
On January 9, Citi analyst Alicia Yap maintained an earlier ‘Strong Buy’ rating for Alibaba stock and increased her price target from $133 to $138. Yap’s price forecast implies a 31.91% upside compared to prices as of press time.
Further clarifying her decision in a note shared with investors, Yap referred to previous estimates for Alibaba’s merchandise volume as conservative.
In addition, Barclays researcher Jiong Shao reiterated a prior ‘Strong Buy’ rating. The update came after Alibaba released its Q2 2025 earnings report. Shao cut his price target for BABA stock from $137 to $130.
Despite worries concerning the company’s margins on account of its current investment cycle, the analyst highlighted that the results were consistent with Barclays’ expectations. If met, his price forecast would equate to a 24.27% upside from current prices.
Readers whose interest was piqued by Michael Burry’s largest holding should keep an eye on the e-commerce giant’s next earnings call, due February 20.
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