'Big Short' Investor Michael Burry Doubles Down On Chinese Tech Stocks While Adding Protective Hedges

Michael Burry, the hedge fund manager renowned for predicting the 2008 financial crisis, has significantly increased his exposure to Chinese technology companies while simultaneously implementing protective measures against potential downside risks, according to regulatory filings.

What Happened: Burry’s Scion Asset Management made several notable adjustments to its portfolio during the third quarter, with Chinese companies now representing its largest positions. The firm increased its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 29%, making it the fund’s largest holding valued at over $21 million as of September’s end.

In a similar move, Scion doubled its position in JD.Com Inc (NASDAQ:JD), elevating it to the fund’s second-largest holding at approximately $20 million. The firm also expanded its stake in Chinese search giant Baidu Inc (NASDAQ:BIDU) by 67%, bringing the position to $13.2 million.

However, in what appears to ...

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