Michael Burry added to his JD.com Inc. (NASDAQ:JD) 2029 call options and bought more shares of BYD Co. Ltd. (OTC:BYDFF), according to a Monday Substack post.
Both stocks have been dead money since the Hang Seng Index peaked in 2021, a slump Burry compares to the Great Depression.
Burry says JD holds $24.3 billion in net cash, about 71% of its market cap, leaving its operating business valued at roughly 3x owners’ earnings.
JD is a large position for Burry, while BYD is mid-sized. Burry also added on Friday to his Sprouts Farmers Market Inc. (NASDAQ:SFM) 2028 LEAP calls, struck in the low $100s.
Sprouts Farmers Market and Other Investments
- Sprouts Farmers Market, Inc. (NASDAQ:SFM) is another focus for Burry, who added to his 2028 LEAP calls struck in the low $100s. This move comes after Sprouts reported earnings last Wednesday.
- In a Thursday note, Burry expressed optimism about Build-A-Bear Workshop, Inc. (NYSE:BBW), calling it undervalued at $25 despite challenges like weak sales and tariffs.
- On Wednesday, Burry criticized Anthropic’s IPO filing for masking over $537 billion in compute commitments amid slowing growth.
Read also
- Michael Burry: Today’s Market Mirrors the Eve of the Dot-Com Crash
- Michael Burry Eyes the Exit on Walmart, Alphabet and Valero
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