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as chinese assets have soared this week in the light of beijing's policies, wall street's "patient american capital" that has long invested in china finally has a moment of pride.

among them is michael burry, the “big short” who is very familiar to chinese investors.

asthe first investors to spot the imminent collapse of the u.s. real estate mortgage bubble, berry faced the confusion and anger of investors and firmly held credit default swaps. in the end, his analysis proved to be correct——his scion capital recorded a total return of 489.34% from its establishment in 2000 to its liquidation in 2008.. the s&p 500's return during the same period, including dividends, was less than 3%. his story was later filmed in the movie "the big short" and became known to more people.

(michael berry and actor kristen bell, source: data map)

a similar "patience story" happened to him again this week.

after retiring from the subprime mortgage crisis, berry focused on personal investing.starting from the fourth quarter of 2022, he will begin to aggressively invest in chinese concept stocks.。

according to the 13f form of his scion asset management as of the end of the second quarter, among his u.s. stock holdings,alibaba is the largest holding, accounting for 21.26% of the overall position after continuing to increase positions in q2; baidu and jd.com are also among the top five holdings, with holding ratios close to 12% each. in other words, these three chinese concept stocks alone account for nearly half of berry’s stock holdings.

encouraged by china's waves of ultra-powerful economic stimulus policies, chinese assets have experienced a surge this week, and investors around the world are flocking to exchanges with banknotes. the ishares msci china etf rose 17.7% in the first four trading days of this week.

also as of thursday's close, alibaba's us stocks have soared 19.01% this week, with a quotation of $105.07. statistics from whalewisdom show that,the cost price of berry's alibaba position is us$80.66, with a cumulative floating profit of 30%.the u.s. stocks of jd.com and baidu also surged 33.06% and 18.92% this week.

(daily chart of alibaba us stocks, source: tradingview)

of course, berry isn't the only wall street investor to benefit from this week's surge in concept stocks. another well-known winner is david tepper, who was famous among friends last night. his appaloosa management company held 10.5 million alibaba shares at the end of the second quarter of this year, making it the fund's largest holding.similar to berry, tepper's alibaba position has been held since 2022, and the latest cumulative floating profit has exceeded 30%.. tepper’s holdings also include pinduoduo, this year’s most popular chinese concept stock, and the china concept internet etf.

so it is not difficult to understand that after all the good news this week, tepper excitedly shouted on tv to "buy everything" china-related assets. tepper also stressed that chinese stocks remain cheaply valued even after this week's surge.