Michael Burry is considered something of an industry guru after predicting the 2008 housing bubble three years before it happened. Meanwhile, Burry He devoted his efforts to investing against the market, which brought him great profits. which over time has managed to diversify. Profits which now invest 45% in the Chinese economy after banking on its great potential.
It’s not the right time for Beijing, but it’s the right time for Burry. Although they may seem risky at first, their investments are usually quite successful. Just a few weeks ago, the American, through one of its funds, Scion Asset Management, acquired more than 630,000 shares of the biopharmaceutical company BioAtlaat a rate of just $1.37 per share. In just a few days, the manager has already obtained a profitability of 40% after the company’s stock market rise to $1.90 and more than he hopes to obtain, since the company expects a big rebound that will bring it closer to its all-time highs. . ($68 as of March 2019).
Another of Burry’s last refuges was gold, one of the most valued investments because it was considered an eternal and safe haven in times of financial instability and volatility. At the beginning of August, the professional doctor added 7.3% physical gold to its extensive portfolio via the Physical Gold Trust company, specializing in the investment and maintenance of gold bullion assets, with a disbursement of over $7.6 million
Alibaba already represents nearly 9% of its global portfolio
According to some of the latest data presented by the United States Securities and Exchange Commission, Burry has implemented a strategy of disinvestment in the American country to allocate it to large investments in China, taking advantage of the poor situation of the Asian economy.
The real estate crisis that the country is going through has directly influenced the loss of value of its stock market, which in recent years has fallen by 40% and with him heavyweights like Alibaba.
Thus, and after getting rid of his shares in Alphabet, Amazon, Big Lots, Booking Holdings, MGM Resorts, Oracle and Warner Bros Discovery, The famous investor focused on First Solar Inc and HCA Healthcare, among others. However, the biggest “offer” was precisely that of Alibaba, where Burry invested up to 9 million dollars taking advantage of the 75% discount after the fall of the Chinese stock market, which implies 8.74% of its total portfolio.
Likewise, the American has also opted for Baidu, which he calls the Chinese Google, in JD.com (which represents 9.52% of its portfolio), Citigroup (7.36%), HCA Healthcare (8.05%), First Solar Inc. (4.89%), RealReal Inc. (5.33%), Star Bulk Carriers (5.76%), Vital Energy Inc. (6.34%) , among others.
