Key Takeaways:
Famed investor Michael Burry has increased his bearish wager against semiconductor giant Nvidia Corp. while buying shares of 4 companies, including Chinese tech leaders Alibaba and JD.com, according to his firm’s latest securities filing.
The changes were disclosed in the quarterly 13F filing from Burry’s Scion Asset Management. The document reveals the firm's portfolio adjustments and long positions as of the end of the most recent quarter.
While the exact size of the increased Nvidia put option position was not disclosed, the move escalates a notable bet against one of the market's best-performing stocks. The new bullish positions include American depositary receipts of Alibaba and JD.com, alongside video game retailer GameStop and payments company Fiserv.
Burry's short position on Nvidia could introduce negative sentiment for the high-flying chipmaker, whose stock has soared on AI optimism. His turn towards beaten-down Chinese technology stocks may attract renewed interest, while the purchase of GameStop is likely to energize retail investors.
These portfolio changes suggest Burry is seeking value in out-of-favor sectors while betting against what he may see as an overvalued market leader. Investors will be closely watching Scion’s next 13F filing in three months for signs of whether he maintains these high-profile positions.
This article is for informational purposes only and does not constitute investment advice.
