Micheal Burry sold his Chinese Stocks & more

We wanted to send over a quick reminder on Micheal Burry’s most recent portfolio moves just in case you missed them.

🛒 1/ Chinese stocks he sold

Few days ago, Michael Burry released of his 13F filing.

The most evident move is that Burry has sold his two heavyweight Chinese holdings:

• $BABA (Alibaba)

• $JD (JD.com)

Which together comprised a significant 20% of his portfolio.

👲 2/ What has happened in China since Burry sold:

1. The Evergrande Fallout: China's second-largest real estate developer, Evergrande, has plunged into bankruptcy. This isn't just a hiccup; it's a seismic event that could have ripple effects across the Chinese economic landscape. For investors, this translates to increased risk and uncertainty in the Chinese market.

2. China's Unexpected Rate Cuts: Adding to the economic intrigue, the Chinese government has just made a surprising move by slashing its rates. Such decisions aren't made lightly and often hint at potential underlying economic vulnerabilities or challenges the government might be anticipating.

3. Biden's Stance on Chinese Tech: On the home front, there's mounting chatter about a forthcoming executive order from President Biden. The word on the street is that this could bar US investors from investing in Chinese tech firms. Such a move would undeniably reshape the investment landscape for many.

If Chinese stocks have found a home in your portfolio, or if you've been eyeing opportunities in this region, these events are more than just news. They're potential game-changers. Staying informed is your best strategy in these unpredictable times.

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🧠 3/ As a reminder, here are the rest of Burry’s moves from his filing:

What Micheal Burry sold:

• BABA 1.63%↑

• JD 1.83%↑

• ZM 1.45%↑

• SBSW -4.86%↓

• $FRCB

• PACW 2.82%↑

• WAL 1.10%↑

• DVN 0.36%↑

• COF 2.14%↑

• CTRA 0.43%↑

• COHR 3.14%↑

• HBAN 1.27%↑

• WFC 0.43%↑

What Micheal Burry held:

• LILAK 3.93%↑

• CI 0.04%↑

• SIG 0.42%↑

• GEO 0.71%↑

What Micheal Burry bought:

• $SPY puts*

• $QQQ puts*

• EXPE 1.77%↑

• CHTR 3.96%↑

• CVS -0.25%↓

• VTLE 1.20%↑

• MGM 1.07%↑

• GNRC 1.33%↑

• WBD 1.56%↑

• NEX 1.53%↑

🧠4/ How to protect yourself: if China crashes, focus on USA

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