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把一半身家押在中概股，“大空头原型”Michael Burry这次赚到了

Putting half of his wealth into Chinese concept stocks, 'The Big Short prototype' Michael Burry made a profit this time.

wallstreetcn ·  18:20

Source: Wall Street See
Author: Huang Wenwen

As of June 30th, stocks of Alibaba, baidu, and jd.com together account for about 46% of Burry's entire investment portfolio. Billionaire investor David Tepper previously stated that now is the time to 'buy everything', as Chinese stocks still have a lot of upside potential.

From the central bank's release of a "policy gift package" to the heavy fiscal and monetary support signals released at the September Politburo meeting on Thursday, the optimistic sentiment of domestic and foreign investors has been completely ignited, leading to a surge of global funds rushing into the Chinese market.

As the Chinese stock market soared, one of the happiest individuals is the famous subprime mortgage "Big Short" Michael Burry, who indeed made a fortune this time. SEC's form 13f filings show that his investment firm, Scion, has nearly half of its portfolio invested in Chinese technology giants.

Continuing to increase holdings in Chinese concept stocks

The form 13f regulatory filing shows that in the second quarter of this year, Scion increased its holdings by 0.03 million shares.$Alibaba (BABA.US)$Stocks, the value of the holdings increased from $9 million in the first quarter to $11.2 million, making it the largest holding position. Baidu and JD.com account for 12.36% and 12.31% of its investment portfolio, respectively. As of June 30, these three Chinese stocks collectively account for approximately 46% of Burry's entire investment portfolio.

It is reported that as early as the fourth quarter of 2022, Burry began to significantly increase its investment in Chinese stocks, with Alibaba and JD.com entering Scion's holdings portfolio.

Chinese concept stocks have soared, earning Burry a fortune.

This week, with the central bank's reserve requirement ratio and interest rate cuts releasing liquidity, and encouraging companies to buy back and increase their shareholdings, Chinese assets have experienced an 'epic' turnaround.

So far this week, iShares MSCI China ETF has risen by 18%, while the stock prices of Alibaba, Baidu, and JD.com have increased by 17.94%, 17.72%, and 31.77%, respectively.

HedgeFollow, a hedge fund tracking website, stated, 'The recent rise in the Chinese stock market should mean that Burry's investment portfolio has also achieved significant gains, with Alibaba seeing the largest increase.'

The company also mentioned that assuming Burry has not sold any shares since the last 13F filing by Scion on June 30, the average cost per share of Alibaba stock he holds is $78.83, and Alibaba's stock price reached $105.25 in Thursday afternoon's trading, a gain of about 34%.

Considering his holdings in Chinese concept stocks in the entire investment portfolio, the total profit will be even more substantial.

Coincidentally, billionaire investor David Tepper has also profited from the recent surge in the Chinese stock market, making a fortune. Like Burry, Tepper has also listed Alibaba as the top holding stock in his hedge fund.

He stated in an interview with CNBC on Thursday:

"Now is the time to 'buy everything.' The growth rate of large-cap Chinese stocks has reached double digits... There is still a lot of room for Chinese stocks to rise."

Editor/rice

The translation is provided by third-party software.


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