Michael Burry: Total market value increased by approximately 150%

Wallstreetcn
2024.11.16 11:01

Hedge fund manager Michael Burry is known for betting on the U.S. real estate market in 2008. His investment company Scion Asset Management saw its total holdings market value surge to $130 million at the end of the third quarter, up from just $52.49 million at the end of the second quarter, marking a 148% increase in market value for the third quarter. It was disclosed that Michael Burry increased his holdings in Alibaba by 45,000 shares, doubled his position in JD.com to 500,000 shares, and added 50,000 shares of Baidu. At the same time, the fund also purchased corresponding put options for three Chinese concept stocks to hedge against risks. (China Securities Journal)

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