Michael Burry, the visionary investor behind a legendary bet on the 2008 subprime mortgage crisis, made significant adjustments to his investment portfolio in the last quarter of 2023, according to the latest 13F filings.
Burry’s Scion Asset Management, known for its contrarian and value-oriented investment approach, has notably increased its stakes in Chinese retailers while also entering the AI-driven rally of two U.S. tech giants.
Burry’s Investment Portfolio Adjustments
New Additions to the Portfolio
Burry’s portfolio saw 18 new stocks in the fourth quarter of 2023. Notable new entries include:
- HCA Healthcare Inc HCA: Purchased 20,000 shares valued at $5.41 million, representing 5.72% of the portfolio.
Significant Portfolio Position Increases
Strong increases were made in two major Chinese retail giants:
- JD.com Inc JD: Burry added 75,000 shares, bringing his total to 200,000 shares. This 60% increase in share count has a 2.29% impact on his current portfolio, valued at $5.78 million.
These two Chinese retailers have now become the top two holdings in Burry’s portfolio, with weights of 6.17% and 6.1%, underscoring a strong conviction in the growth potential of China’s e-commerce and retail sectors.
Strategic Position Reductions and Divestments
- Option PUTS on Booking Holdings Inc BKNG: All contracts sold.
Additionally, Burry liquidated stock holdings in four companies:
- Hudson Pacific Properties HPP: Sold 400,000 shares.
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Michael Burry illustration created using artificial intelligence.
