Michael Burry increases Alibaba stake, halves stock portfolio
Investing.com - Michael Burry, the hedge fund manager famous for his 2008 bet against the US housing market depicted in"The Big Short," has further increased his stake inScion Asset Management, Burry’s investment firm, reported an $11.2 million position in Alibaba for the quarter, up from $9 million in the first quarter, adding 30,000 shares, according to the firm’s most recent 13F filing on Wednesday.) emerged as the firm’s second-biggest holding, with a total net value of around $7.
As part of its portfolio restructuring, Scion built new positions across various industries, including financial services, healthcare, and commercial real estate. New stakes in Shift4 Payments,Overall, Scion holds positions in 10 stocks with a total value exceeding $52 million, which is nearly 50% less than the previous quarter.
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