- Two of Wall Street’s best-known investors have made several moves in their portfolios amid a volatile market.
- Dalio’s fund, Bridgewater Associates, sold its entire stake in Tesla and bought shares in its Chinese competitors: Xpeng, Nio and Li Auto.
- Burry, meanwhile, has acquired a number of titles from Facebook and Google. At the end of the first quarter, his portfolio was worth more than $165 billion.
Michael Burry and Ray Dalio are, with their particular and diverse characteristics, two of the most followed investors on Wall Street. Both have a lot of experience and this time they have something in common: they bought the fall of the market.
Ray Dalio
The businessman’s fund, Bridgewater Associates, sold all the shares it held in Tesla in the first quarter and bought shares in its Chinese competitors: Nio, Xpeng and Li Auto.
Dalio owned more than 25,000 Tesla shares, and according to regulatory filings, he kept none.
Instead, he purchased 2.25 million Nio shares for a total of 5.32 million, worth about $88 million .
He also bought 1 million Xpeng shares to amass 2.15 million, valued at $51.6 million .
And lastly, he invested in Li Auto. It was made of 1.79 million papers of the company to total 3.35 million, for an estimated final value of 80 million dollars.
Michael Burry
The investor who inspired “The Big Short” has also made moves in his portfolio during the first quarter, buying a large number of shares of well-known companies and others less so.
The largest investment was made in a tourism company: Booking. Burry purchased 8,000 shares for more than $18.7 million. For a very similar figure, she bought 750,000 titles from Warner Bros.
Further back on the list, and with an investment of 18 million dollars, the giant Google appears. It also spent 17.9 million in the American transnational company dedicated to the insurance industry CIGNA.
He also bought 80,000 shares of Facebook for a figure close to 17.7 million dollars and 300,000 shares of the hydrocarbon exploration and production company Ovintiv, for 16.2 million dollars.
Finally, it acquired titles of the following companies, investing between 2.6 million and 14.3 million dollars: Nexstar Media, Stellantis, Global Payments and Sportsman’s Warehouse.
