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in this video we are looking at the portfolio update of Michael bury he was able not only to predict but to massively profit from the financial crisis of 2008 so he's one of the super investors that I follow and it is the middle of February and it is possible to see what super investors bought or sold during the previous quarter so in this video we will look at the current portfolio of Michael bury and we will look at two stocks so one stock that he sold in the previous quarter he reduced his position in the previous quarter and won stock that he bought so we look at some of the numbers of these companies at what approximate price Michael bury made his changes to his portfolio and what this means for investors in these companies so let's get started first of all if you want to get updates about the portfolios of super investors Michael burry Seth clarman Ray Daly Warren Buffett and many others you can subscribe subscribe button under the video you will not miss a single new video okay so it is possible to see what super investors bought during the previous quarter so this is the portfolio of Michael Brewery so you can directly search Scion Asset Management Ian Edgar search to find these filings but you also can use services like data Roma so yes you can use original filings but in this case using services like that Aroma the data is represented in a much more simpler and visual way so if you look at his portfolio in data Roma we can see that he has nine long positions so this kind of portfolios do not show cash positions they do not show short positions and one of the main limitations is that they're available only after 45 days after the quarter ends so right now we don't know for sure if Michael bury still owns these companies this is the portfolio that was after the fourth quarter if we sword his portfolio By changes to portfolio we can see that he dramatically reduced his position in Geo stock and he also bought two Chinese companies Alibaba and JD if we can buy the position in Alibaba njd they are his top three changes to portfolio during the previous quarter so first let's look at Geo stock and then let's look at Alibaba stock so we know that he reduced his position in Geo stock in the fourth quarter and the maximum price during the quarter was close to 12 dollars per share so it is very likely that he sold even lower but this was the maximum price Geo owns private prisons this stock is still one of his top positions so if you want to make a deeper dive on this company please write in the comments below so now let's look at one of his main additions so he added Alibaba stock in the previous quarter the minimum prize during the fourth quarter was close to 63 dollars per share he also made a tweet about Chinese companies in the beginning of December also Michael bury previously wrote that he likes the strategy to buy stocks very close to their 52-week slow and around 10 to 50 percent higher from that price so he uses technical analysis so knowing this and knowing his tweets it is very likely that he bought Alibaba stock around 80 85 dollars per share so again we don't know this for sure this is based on his tweet the minimum price and the logic that he described in his previous posts so I believe something around 80 85 dollars per share is what he paid for Alibaba right right now the price is close to 100 but again the main limitation is that we don't know if he still owns Alibaba at this moment in February so maybe he sold out his positions in Chinese companies so this is one of the most significant limitations of 13f filings also Michael bury wrote in his tweets that he believes that Chinese companies are fundamentally undervalued so if we look at some of the numbers of Alibaba we can see that their next 12 month price to earnings is close to 12 so according to this metric the stock seems significantly undervalued also according to analysts that I was able to find if the stock continued to grow at this rate if there is no serious regulations from Chinese government the stock may bring around 20 percent cumulative average growth rate for the next 10 years so according to these metrics the stock seems significantly undervalued but Chinese companies like Alibaba and JD bring a lot of risks for example the regulations the questions if this growth rate is sustainable over the next five or ten years and the Taiwan situation so yes Chinese company seems significantly undervalued but there are significant risks surrounding them so if you want to get exposure for Chinese stocks Alibaba may be one of the options but we also need to consider the risks investing in Chinese companies also if you want to know more about recent purchases of Seth floorman here's the video if you are not subscribed to this channel you can use by pressing the button right here you will not miss a single new video thank you very much for watching till the end and see you in the next video
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