"Big Short" Michael Burry has reduced his shareholding in JD.com and Alibaba, while establishing a position in PDD Holdings.
The Wall Street prototype of the movie "The Big Short", the highly watched hedge fund mogul Michael Burry, significantly reduced his Shareholding in Alibaba and JD.com in the fourth quarter and established a Hold Position in PDD Holdings. An analysis of the Form 13F filing for Scion Asset Management LLC revealed that the hedge fund reduced its JD.com ADR holdings by 0.2 million shares, a decrease of 40%; reduced its Alibaba ADR holdings by 0.05 million shares, a decrease of 25%; purchased 0.075 million shares of PDD Holdings ADR; and maintained its Baidu Hold Positions. The latest filing did not show any previously established Put Options. At the end of the fourth quarter, Chinese concept stocks accounted for about Burry's disclosed holdings.
Express News | Ishares MSCI China ETF up 3.4%, Ishares China Large Cap ETF up 3%, Kraneshares CSI China Internet ETF up 4.5%
Express News | JD.com up 5.2%, Li Auto up 3.2%, NIO up 6.3%, Xpeng up 4.3%
Express News | Ishares MSCI China ETF up 3.6%, Kraneshares CSI China Internet ETF Rises 5.2%
Express News | JD.com up 5.6%, Bilibili up 11.3%
Express News | Alibaba up 6.4%, PDD Holdings up 4.5%, iQIYI up 8.3%
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