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SmokyStock

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SmokyStock

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Tuesday, 05/16/2023 3:34:28 AM

Tuesday, May 16, 2023 3:34:28 AM

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'Big Short' Michael Burry is long on China's Alibaba and JD.com — these stocks are now a fifth of his portfolio

Michael Burry is a "Big Short" investor who is long on China's Alibaba and JD.com. The two online retail giants are now the top two stock holdings under Burry's Scion Asset Management, with 100,000 Alibaba shares worth $10.2 million and 250,000 JD.com shares worth nearly $11 million as of March 31. Burry's bet on Alibaba and JD.com stands in contrast to those of other hedge funds that collectively sold 4 million JD.com shares in the first quarter of 2023. He is known for being a contrarian as well as his dire market warnings, and in January, he spooked the market by simply tweeting the word "Sell".
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