Reported about 2 months ago
Hedge fund manager Michael Burry, known for his 2008 housing market bet, has raised his stake in Alibaba Group while reducing his overall stock portfolio by nearly 50%. Burry's firm, Scion Asset Management, reported an increase in Alibaba holdings to $11.2 million and expanded positions in sectors like financial services and healthcare, concurrently exiting several previous investments.
Source: YAHOO