5 Stocks Dr Michael Burry Just Bought and Sold

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1. Alibaba Group Holding Limited (NYSE:BABA)

Scion Asset Management’s Equity (New Stake): $4.3 Million
Number of Hedge Fund Holders: 110

Michael Burry sought exposure in the Chinese internet landscape by acquiring shares in Alibaba Group Holding Limited (NYSE:BABA) in Q3 2023. Through its subsidiaries, the company provides technology infrastructure and marketing reach to help merchants connect with customers. Alibaba Group Holding Limited (NYSE:BABA) operates one of the largest digital retail and logistics services platforms while providing elastic computing, storage, and network security services.

While Alibaba Group Holding Limited (NYSE:BABA) is down by about 11% year to date, it has seen its fortunes improve with the easing of crackdowns on internet companies by regulators in China. Scion Asset Management bought 50,000 shares in Alibaba Group Holding Limited (NYSE:BABA) for $4.337, accounting for 4.38% of the portfolio in Q3 2023.

Follow Alibaba Group Holding Limited (NYSE:BABA)

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