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Blackrock bought heavily into Apple in Q3, continuing to increase shareholding in the 'Big Seven'; 'Smart Money' betting on the trend of China: Q3 prototype of 'The Big Short' increased shareholding in Alibaba and other Chinese concept stocks; Disney rose more than 6%, fourth quarter performance exceeded expectations with a $3 billion share buyback plan.
"Smart money" betting on the rise of China: In Q3, the prototype of the "Big Short" increased its shareholding in Chinese concept stocks such as Alibaba, jd.com, while the new fund star Keystone initiated positions in three major Chinese concept ETFs.
In the third quarter, the fund under Michael Burry increased its shareholding in Alibaba by 0.045 million shares to nearly 0.2 million shares, doubled its hold positions in jd.com to 0.5 million shares, and increased its shareholding in baidu by 0.05 million shares to 0.125 million shares. At the end of the quarter, it held three Chinese concept stocks valued at 54 million dollars, accounting for 65% of the total fund's stock holdings. Meanwhile, the fund bought corresponding put options for these three Chinese concept stocks to hedge risks.
"Big Short" Michael Burry increases shareholding in alibaba and other Chinese stocks but allocates put options.
Famous fund manager Michael Burry, known for the movie 'The Big Short,' continued to increase his shareholding in alibaba and baidu in the third quarter, and also increased his position in jd.com, which he had previously reduced, but he allocated corresponding put options. Institutions analyzing the 13F filing of Burry's hedge fund Scion Asset Management LLC found that the company increased its holding of 0.25 million to 0.5 million ADRs of jd.com in the quarter, while holding corresponding put options for 0.5 million ADRs. Increased its holding of 0.045 million to 0.2 million shares in alibaba, while holding corresponding put options for 0.1689 million ADRs.
Michael Burry's Scion Fund Exits BioAtla, Boosts Alibaba Stake, Adds Puts: Top Q3 Trades
Scion Asset Management 13F Shows Added Put Position In JD.com With 500,000 Shares; Added Put Position In Alibaba Group With 168,900 Shares; Added Put Position In Baidu With 83,300 Shares
Nomura Maintains Baidu(BIDU.US) With Buy Rating, Cuts Target Price to $110