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Michael Burry's Hedge Fund Reduces Holdings in BABA-W/ JD-SW, Initiates Position in PDD in 4Q24
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Scion Asset Management LLC under renowned US hedge fund manager Michael Burry reduced its holdings by 50,000 shares of BABA-W (09988.HK) (BABA.US) ADRs and 200,000 shares of JD-SW (09618.HK) (JD.US) ADRs in 4Q24, representing 25% and 40% of its original positions respectively, whereas its investment in BIDU-SW (09888.HK) (BIDU.US) remained unchanged, according to regulatory filings.

In addition, the fund initiated a position in Pinduoduo (PDD.US) last quarter by purchasing a total of 75,000 shares of Pinduoduo ADRs.

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