"Short-seller" Michael Burry increases his position in JD.com and builds a stake in Alibaba
Hedge fund manager Michael Burry disclosed that he has increased his holdings in put options for Nvidia (NVDA.US) while also buying stocks such as JD.com (09618.HK) and Alibaba (09988.HK).
Burry stated in a post on Substack that Alibaba is a new position, with a holding slightly above 6%; JD.com, on the other hand, is a significant increase, with a higher allocation than Alibaba. He believes that JD.com's recent weak stock price provides a highly attractive entry point. Burry also bought GameStop (GME.US), further expanding his already considerable position, and purchased Fiserv (FISV.US).
Burry has increased his bet on Nvidia's put options, buying put options that expire on January 27 next year, with a strike price of $115, priced at $3.3
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