Michael Burry, head of Scion Asset Management, has sold 100% of his shares in Hudson Pacific Properties as he anticipates a market correction. Instead, he has redirected funds into Alibaba and JD.com, alongside securing downside protection for these investments. Known for his successful prediction of the subprime mortgage crisis, Burry's investment strategy involves rapid turnover rather than long-term holding, with his recent portfolio reducing from 16 to 11 positions by the end of September 2024, suggesting a cautious approach.
Michael Burry, the famed investor behind Scion Asset Management, has sold all his shares in Hudson Pacific Properties, indicating a potential market correction.
Burry has shifted some of his investment focus towards Alibaba and JD.com, complementing this decision with downside protection to safeguard against market volatility.
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