Baidu Q2 Preview: Michael Burry May Be Early With This Bet
BIDU(BIDU) Seeking Alpha·2024-08-16 23:47
Sundry Photography Investment Thesis The second quarter filings of large financial institutions were filed yesterday, and an analysis of Dr. Michael Burry's Scion Capital's 13F filings shows that the Saratoga, CA-based hedge fund has increased their capital allocation towards China stocks. Of particular interest is Scion Capital's exposure to Chinese technology giant Baidu (NASDAQ:BIDU), where the hedge fund increased the fund's position in Baidu by 54%, the largest increase to a position in the Q2 quarter. ...