14 August 2023
Michael Burry, known for anticipating the 2008 crisis, has been rapidly adjusting his portfolio. Three months ago, he offloaded several 2022 holdings and invested in Chinese stocks, energy firms, and distressed banks. However, recent filings reveal he’s sold many of these assets, including stakes in JD.com and Alibaba. He’s now invested in companies like Expedia and Charter Communications. Significantly, Burry has acquired puts on both the S&P 500 and Nasdaq 100, suggesting he’s hedging against a market downturn.