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'The Big Short' Protagonist Michael Burry Opines Chip Stock Frenzy Shifts Capital from HK to JP, SK, Increases JD.com Stake and Sells Alibaba
2026-06-26 10:00:06 Michael Burry, the US hedge fund manager and protagonist of the film "The Big Short", disclosed his latest holdings. He bought long-term call options (LEAP calls) on Microsoft Corporation (MSFT.US) expiring in December 2028, increased his stakes in JD.com, Inc. (JD.US) and Adobe Inc. (ADBE.US), halved his short position in Palantir Technologies Inc. (PLTR.US), and sold Alibaba Group Holding Limited (BABA.US). He said the current market environment has less to do with fundamentals and is driven more by technical factors, with global capital flows having the hardest hit on Asian markets. As funds rotate across regions to chase semiconductor exposure, the Hong Kong stock market is under pressure. He added that the trend is spreading to China-related stocks, saying that this technical adjustment is once again forcing leading Chinese companies close to their trough levels. In his view, the core issue is not weakening corporate fundamentals but rather market mechanics. He explained that the sale of Alibaba was for "tax-loss" considerations, with capital rotated into JD.com. He may also increase holdings in MEITUAN-W (03690.HK) and TENCENT (00700.HK), and expected to eventually repurchase Alibaba. Burry said he bought long-term call options on Microsoft because its share price falling to USD350 represented a good entry point. He chose LEAP calls as they appear relatively "cheap" compared with the company’s long-term prospects. ~ AASTOCKS Financial News Website: www.aastocks.com | |