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Business
Investor Michael Burry Cuts VEEV Stake After Near‑Doubling, Keeps Buying PayPal
✍️ Asianet Newsable
🗓 29 Aug 2026, 05:06 AM
👁 52
Michael Burry reduced his holding in VEEV after the stock almost doubled, while maintaining and planning to increase his position in PayPal (PYPL).
Renowned hedge‑fund manager Michael Burry has adjusted his portfolio by trimming his exposure to VEEV after the stock posted a near‑100% gain. The move follows a sharp rally that saw VEEV’s share price almost double over a short period, prompting the investor to lock in profits.
Despite reducing his VEEV position, Burry continues to hold shares of PayPal Holdings Inc. (ticker: PYPL). Sources indicate that he remains confident in PayPal’s long‑term growth prospects and is prepared to add to his existing stake.
Analysts note that Burry’s decision reflects a broader strategy of capitalising on rapid price appreciation while reallocating capital to assets he deems undervalued. The PayPal holding aligns with his view that the digital payments platform still offers upside potential amid evolving e‑commerce trends.
The adjustments were reported by Asianet Newsable, highlighting Burry’s ongoing influence in market sentiment, especially among retail and institutional investors tracking his moves.
Despite reducing his VEEV position, Burry continues to hold shares of PayPal Holdings Inc. (ticker: PYPL). Sources indicate that he remains confident in PayPal’s long‑term growth prospects and is prepared to add to his existing stake.
Analysts note that Burry’s decision reflects a broader strategy of capitalising on rapid price appreciation while reallocating capital to assets he deems undervalued. The PayPal holding aligns with his view that the digital payments platform still offers upside potential amid evolving e‑commerce trends.
The adjustments were reported by Asianet Newsable, highlighting Burry’s ongoing influence in market sentiment, especially among retail and institutional investors tracking his moves.