Michael Burry, the visionary investor behind a legendary bet on the 2008 subprime mortgage crisis, made significant adjustments to his investment portfolio in the last quarter of 2023, according to the latest 13F filings.

Burry’s Scion Asset Management, known for its contrarian and value-oriented investment approach, has notably increased its stakes in Chinese retailers while also entering the AI-driven rally of two U.S. tech giants.

Burry’s Latest Moves

New Entries

Burry’s portfolio welcomed 18 new stocks in the fourth quarter of 2023. Among the notable new entries are:

Key Position Increases

Significant increases were made in two major Chinese retail giants:

These two Chinese retailers have now become the top two holdings in Burry’s portfolio, with weights of 6.17% and 6.1%, respectively, underscoring a strong conviction in the growth potential of China’s e-commerce and retail sectors.

Strategic Divestments

• Option PUTS on Booking Holdings Inc (NASDAQ:BKNG): All contracts sold.
• Option PUTS on iShares Semiconductor ETF puts (NYSE:SOXX): All contracts sold.

Additionally, Burry liquidated stock holdings in four companies:

Key Position Reductions

Burry’s portfolio adjustments also include reductions in several holdings, pointing to a strategic shift in investment focus:

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Michael Burry illustration created using artificial intelligence.