Investment Icon Michael Burry Adds JD.com and Alibaba to Portfolio

Deep News01:51

JD.com's ADRs climbed 2.2% on Friday after prominent investor Michael Burry disclosed purchases of the Chinese e-commerce firm's stock. In a Substack post, Burry indicated he also acquired shares of Alibaba.

"JD.com represents a significant addition to the portfolio, while Alibaba is a new position established at slightly over 6%," the post, accessible to paid subscribers, stated. JD.com's weighting was noted as "marginally above that level."

Recent weakness in JD.com's share price presented a "highly attractive entry point," according to Burry's comments.

Alibaba's ADRs pared earlier losses following the news.

Additionally, Burry revealed he purchased more shares of GameStop, "adding to an already substantial position," and initiated a stake in Fiserv.

Furthermore, Burry wrote that he increased his holdings of put options on Nvidia.

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