Michael Burry disclosed Thursday that he purchased Microsoft December 2028 LEAP calls with strike prices in the low $700s, added positions in JD.com at $24.79, Adobe at $195.11, and Fiserv at $47.55, and covered half of his Palantir short at $107.15 while continuing to hold puts. He sold Alibaba for tax-loss reasons and stated he may add Meituan and Tencent. The moves align with Burry's view that global markets are currently driven more by technical capital flows than fundamental business conditions, with Asian equities experiencing pressure as capital reallocates toward semiconductor exposure in South Korea and Japan.
Burry Attributes Asian Equity Pressure To Technical Capital Flows
Burry said in a Substack post that Hong Kong equities are under pressure as capital moves across regions chasing semiconductor exposure. He stated, "Hong Kong stocks are falling hard as the chip narrative pulls capital from Hong Kong and pushes it into South Korea and Japan." He explained that both momentum traders and large Asian-focused funds are reallocating quickly, making the move self-reinforcing. This shift is visible "in the charts of the Hang Seng, Japanese TOPIX, and Korean KOSPI," he said. Burry added that this pressure is now spilling into China-linked stocks, stating, "This technical pressure is pushing China's leading companies down near their lows again." He emphasized that this reflects market mechanics rather than weakening businesses, stressing it is "largely technical pressure, not fundamental."
Burry Rotates From Alibaba To JD And Adds Adobe, Fiserv
Burry said he sold Alibaba mainly "for tax-loss" reasons and rotated into JD.com. He indicated he may add Meituan and Tencent, stating that these names tend to move together in the short term. He expects to eventually buy Alibaba back. Burry added to JD at $24.79, Adobe at $195.11, and Fiserv at $47.55, showing continued selective accumulation across tech and fintech-related names.
Burry Purchases Microsoft 2028 LEAP Calls At Low $700 Strikes
Burry bought "Microsoft Dec 15, 2028 LEAP Calls" in the low $700 strike price range, signaling a multi-year view rather than a short-term trade. He said, "I believe the $350 level for Microsoft is a good place to buy the stock," but opted for LEAPs instead, calling them "inexpensive" relative to his outlook.
Burry Covers Half Of Palantir Short At $107.15, Retains Puts
Burry covered half of his short position in Palantir Technologies at $107.15 but continued to hold puts, keeping a bearish stance intact. The partial cover suggests some profit-taking while still maintaining downside exposure.
Retail Sentiment And Year-To-Date Performance Across Burry Positions
Stocktwits sentiment across Burry's mentioned stocks shows a clear split, with JD, Microsoft, Palantir, and Alibaba all showing strong 'bullish' readings and 'high' message volume. The sentiment for Adobe and Fiserv is 'bearish' amid 'low' message activity. Year-to-date, all stocks mentioned by Burry are trading lower. JD is down nearly 13%, MSFT has declined by 27%, PLTR is down 42%, and BABA has lost 35%. ADBE has fallen 45% and FISV is down 29%.
FAQ
What positions did Michael Burry disclose on Thursday?
Michael Burry disclosed Thursday that he purchased Microsoft December 2028 LEAP calls with strike prices in the low $700s, added JD.com at $24.79, Adobe at $195.11, and Fiserv at $47.55, and covered half of his Palantir short at $107.15 while continuing to hold puts. He sold Alibaba for tax-loss reasons.
Why did Michael Burry sell Alibaba?
Burry said he sold Alibaba mainly "for tax-loss" reasons and rotated into JD.com. He indicated he may add Meituan and Tencent and expects to eventually buy Alibaba back.
What is Michael Burry's view on Asian equity markets?
Burry stated in a Substack post that Hong Kong equities are under pressure as capital moves across regions chasing semiconductor exposure, with momentum traders and large Asian-focused funds reallocating quickly. He emphasized that this reflects "largely technical pressure, not fundamental" business conditions.
