Michael Burry just made $1.2 million in two days
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⚈ Alibaba stock jumped 6.52%, boosting Michael Burry’s stake by $1.2 million ⚈ Burry’s gains are based on December 2024 data and may not be current ⚈ Uncertainty remains until new 13-F filing reveals Q1 2025 portfolio changes Along with the many American stocks that rallied so much that the U.S. stock market added $2 trillion immediately upon the morning bell on May 12, 2025, the Chinese e-commerce giant Alibaba (NYSE: BABA) soared 6.52% in the first hour of the session. S&P 500 heatmap on the morning of May 12, 2025. Source: Finviz BABA stock’s upsurge ensured that the famous Big Short investor Michael Burry made approximately $1.2 million over the weekend, provided his portfolio balance remained level since the latest 13-F filing. As of December 31, 2024, Burry owned 150,000 Alibaba shares, which were valued at $12.7 million at the time, and $18.8 million at the market’s close on Friday, May 9. With BABA stock soaring from $125.51 to $133.50, The Big Short trader’s stake in the company rose to $20.02 million. BABA stock one-day price chart. Source: Google Why Michael Burry might have missed the latest BABA stock rally However, it is worth remembering that the actual balance of Burry’s portfolio is unknown, making his weekend gains possible rather than known. Scion Asset Management’s latest 13-filing is, by press time on May 12, more than 5 months old as it covered the final quarter (Q4) of 2024. It is possible that Burry rebalanced the holdings, even selling BABA stock at one point in Q1 or Q2 2025, especially as Alibaba enjoyed several strong rallies since the start of the year and suffered from substantial volatility. For example, the Chinese equity enjoyed its first major rally after it unveiled its Qwen 2.5 artificial intelligence (AI) model mere days after…
Filed under: News - @ May 12, 2025 4:23 pm