Reminder: Burry sold his Chinese Stocks & more
Hey everyone Happy Friday!
We wanted to send over a quick reminder on Burry’s most recent moves just in case you missed it the first time around. Also for those investing alongside him, this reminder is specifically for you.
This past Monday brought a new revelation into the financial strategies of Michael Burry, thanks to the release of his 13F filing. The most startling sell from the filing is that Burry has offloaded his two heavyweight Chinese holdings: $BABA (Alibaba) and $JD (JD.com), which together comprised a significant 20% of his portfolio.
What has happened in China since Burry sold:
1. The Evergrande Fallout: China's second-largest real estate developer, Evergrande, has plunged into bankruptcy. This isn't just a hiccup; it's a seismic event that could have ripple effects across the Chinese economic landscape. For investors, this translates to increased risk and uncertainty in the Chinese market.
2. China's Unexpected Rate Cuts: Adding to the economic intrigue, the Chinese government has just made a surprising move by slashing its rates. Such decisions aren't made lightly and often hint at potential underlying economic vulnerabilities or challenges the government might be anticipating.
3. Biden's Stance on Chinese Tech: On the home front, there's mounting chatter about a forthcoming executive order from President Biden. The word on the street is that this could bar US investors from investing in Chinese tech firms. Such a move would undeniably reshape the investment landscape for many.
If Chinese stocks have found a home in your portfolio, or if you've been eyeing opportunities in this region, these events are more than just news. They're potential game-changers. Staying informed is your best strategy in these unpredictable times.
As a reminder, here are the rest of his moves from this past Monday:
Sold:
$FRCB
Held:
Bought:
$SPY puts*
$QQQ puts*
Stay safe everyone!
Autopilot Team
Do the 13F filings show the date of the acquisition or disposal of shares? Or does it only show what they have bought and sold and how much has been bought and sold?