'Big Short' investor Michael Burry bet half of his portfolio on Chinese stocks. It's finally starting to pay off.

Markets Insider09-27 03:27

Famed "Big Short" investor Michael Burry is benefiting from the recent surge in Chinese stocks.Burry's Scion Asset Management has nearly half of its portfolio invested in Chinese tech giants like ...

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It's finally starting to pay off.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-27 03:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://markets.businessinsider.com/news/stocks/michael-burry-big-short-stock-investments-bets-chinese-equities-stimulus-2024-9><strong>Markets Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Famed \"Big Short\" investor Michael Burry is benefiting from the recent surge in Chinese stocks.Burry's Scion Asset Management has nearly half of its portfolio invested in Chinese tech giants like ...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/michael-burry-big-short-stock-investments-bets-chinese-equities-stimulus-2024-9\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0173614495.USD","symbol_name":"富达中国焦点A","start_time":0,"source_url":"https://markets.businessinsider.com/news/stocks/michael-burry-big-short-stock-investments-bets-chinese-equities-stimulus-2024-9","article_id":"2470033841","we_media_id":null,"thumbnails":["https://images2.markets.businessinsider.com/66f5ac7e75c877a99b61082c?format=jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470033841","pubTimestamp":1727378863,"sourceInfo":{"source_id":"marketsinsider","name":"Markets Insider"},"weMediaInfo":null,"summary":"Famed \"Big Short\" investor Michael Burry is benefiting from the recent surge in Chinese stocks.Burry's Scion Asset Management has nearly half of its portfolio invested in Chinese tech giants like Alibaba.China's recent stimulus measures, including interest-rate cuts, have sparked a surge in stock gains.Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview. Burry also has 12% of his portfolio invested in Baidu, and another 12% of his portfolio invested in JD.com. Altogether, Burry had about 46% of his portfolio invested in the three Chinese stock as of June 30.All three stocks have surged this week after China got serious about announcing stimulus plans to revitalize its struggling economy.The People's Bank of China announce key interest rate cuts, lowered bank reserve requirements to stimulate lending, and said it plans liquidity support for the stock market.The country also encouraged its companies to start buying bac","collect":0,"end_time":0,"defaultTopTitle":"businessinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"89988":"阿里巴巴-WR","LU0173614495.USD":"富达中国焦点A","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0651946864.USD":"贝莱德新兴市场股票收益A2","BK4535":"淡马锡持仓","BK4220":"综合零售","BK4558":"双十一","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU0043850808.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AD\" INC","09988":"阿里巴巴-W","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","BK4538":"云计算","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","JD":"京东","LU0287142896.SGD":"Fidelity China Focus A-SGD","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK1521":"挪威政府全球养老基金持仓","LU0228659784.USD":"施罗德金砖四国基金","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4548":"巴美列捷福持仓","BK1591":"就地过年概念","IE00BZ08YR35.GBP":"GUINNESS BEST OF CHINA \"C\" (GBP) ACC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK4565":"NFT概念","IE00BZ08YS42.EUR":"GUINNESS BEST OF CHINA \"C\" (EUR) ACC","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","IE00BZ08YT58.USD":"GUINNESS BEST OF CHINA \"C\" (USD) ACC","BK1608":"元宇宙概念","BK4554":"元宇宙及AR概念","BK1517":"云办公","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4531":"中概回港概念","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","BIDU":"百度","BK4534":"瑞士信贷持仓","LU0261950983.USD":"FIDELITY ASIAN SPECIAL SITUATIONS \"A\" ACC","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","BABA":"阿里巴巴","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0918141887.USD":"安联亚洲实际收益股票基金","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BPRC5H50.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) INC","BK1588":"回港中概股"},"translate_title":"“大空头”投资者迈克尔·伯里(Michael Burry)将其投资组合的一半押注于中国股票。终于开始有回报了。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"89988":0.6,"BABA":1,"JD":0.8,"BIDU":0.8,"09988":0.6},"content_text":"Famed \"Big Short\" investor Michael Burry is benefiting from the recent surge in Chinese stocks.Burry's Scion Asset Management has nearly half of its portfolio invested in Chinese tech giants like Alibaba.China's recent stimulus measures, including interest-rate cuts, have sparked a surge in stock gains.\n\n\n\n\n\n\n\n \n\n\n                                    Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n                                  Thanks for signing up!\n                                  Go to newsletter preferences\n\n\n\n\n\nThanks for signing up!\n\n\n                              Access your favorite topics in a personalized feed while you're on the go.\n                              \n                                download the app\n                               \n\n\n\n\n\n\nEmail address\n\n\n\n\n\n                                      Sign up\n                                     \n\n\n\n                                  By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking \"unsubscribe\" at the bottom of the email.\n                              \n\n\n\n\n\n \n\nAdvertisement\n\nThe surge in Chinese stocks this week should be music to the ears of hedge fund manager Michael Burry of \"The Big Short\" fame.Burry began aggressively buying Chinese stocks in the fourth quarter of 2022, and it seems to finally be paying off.According to 13F filings, Burry's Scion Asset Management, which manages about $200 million, has about half of its portfolio invested in Chinese tech giants.Burry counts Alibaba at his largest position at 21% of the portfolio, and he was still buying the stock as recently as the second quarter, boosting his stake by 24%.\nAdvertisement\n\nBurry also has 12% of his portfolio invested in Baidu, and another 12% of his portfolio invested in JD.com. Altogether, Burry had about 46% of his portfolio invested in the three Chinese stock as of June 30.All three stocks have surged this week after China got serious about announcing stimulus plans to revitalize its struggling economy.The People's Bank of China announce key interest rate cuts, lowered bank reserve requirements to stimulate lending, and said it plans liquidity support for the stock market.The country also encouraged its companies to start buying back stock.\nAdvertisement\n\nAll of these measures and dovish speak from policymakers led to a massive surge in China's stock market this week.The iShares MSCI China ETF is up 18% so far this week. Meanwhile, shares of Alibaba, Baidu, and JD.com are up 19%, 18%, and 32% so far this week, respectively.According to data from HedgeFollow, which tracks and compiles data from 13F filings, the recent gains in China's stock market should mean Burry too is seeing some sizable gains in his portfolio, with Alibaba leading the charge.HedgeFollow estimates that Burry has an average cost per share of $78.83 for his Alibaba stake. Shares of Alibaba hit $105.25 in Thursday afternoon trades, representing an estimated gain of 34%.\nAdvertisement\n\nThis assumes that Burry has not sold any shares since Scion's last 13F filing, which offers data as of June 30.Burry isn't the only hedge fund manager making money off of the recent surge in China's stock market.Billionaire investor David Tepper said on Thursday that it's a buy \"everything\" moment for Chinese stocks.Like Burry, Tepper count Alibaba as his hedge fund's largest position, making up about 12% of his $6.2 billion Appaloosa fund. Tepper believes there's more upside to be had in Chinese stocks due to their depressed valuations.\nAdvertisement\n\n\"Even with the recent moves they're like on a flat-line low compared to where they have been in the past. And you're sitting there with single multiple PEs, with double-digit growth rates for the big stocks that trade over here,\" Tepper said in an interview with CNBC on Thursday.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470033841"}