17 stocks Michael Burry bought in 2023 – including a South African company

Michael Burry

Michael Burry, made famous by the movie The Big Short, bought 17 new shares in 2023, including South African mining company Sibanye-Stillwater.

Burry is an American investor and hedge fund manager who rose to fame for his successful bets against the subprime mortgage market before the 2008 financial crisis.

He was born in San Jose, California, in 1971 and received his Bachelor’s degree in Economics from the University of California, Los Angeles (UCLA).

He later went on to earn his Doctor of Medicine degree from the Vanderbilt University School of Medicine.

After completing his residency in neurology, Burry began his finance career by managing his personal investments. In 2000, Burry founded Scion Capital, a hedge fund focused on value investing.

He gained widespread attention for his successful bets against the subprime mortgage market in the mid-2000s.

It was chronicled in Michael Lewis’ book The Big Short and the subsequent movie adaptation starring Christian Bale, Steve Carell, Ryan Gosling, and Brad Pitt.

Burry’s foresight in recognizing the flaws in the housing market allowed him to make significant profits for his investors.

His investment strategy involves identifying companies that he believes are undervalued by the market and investing in them for the long term.

He often takes contrarian positions, investing in companies that are unpopular or out of favour with other investors.

Burry’s approach requires a deep understanding of the companies he invests in and a willingness to hold onto positions for an extended period.

Today, Burry’s stock portfolio is closely watched by investors and financial analysts.

Earlier this year, Burry told investors that it was time to sell following a rally in the stock market in January.

At the end of March, he admitted he was wrong to tell investors to sell and congratulated those who bought the dip.

Scion Capital’s latest Form 13F filings with the United States Securities and Exchange Commission revealed that Burry pumped money into numerous stocks in 2023.

One of these stocks is Sibanye-Stillwater, the world’s largest primary producer of platinum, second largest primary producer of palladium and third largest producer of gold.

Sibanye-Stillwater is headquartered in South Africa with a diverse portfolio of mining and processing operations across five continents.

Scion Asset Management share portfolio

The table below shows Michael Burry’s Scion Asset Management’s share portfolio on 31 Mar 2023.

StockPortfolio percentageChangeValue
JD – Inc.10.26Add 233.33%$10,973,000
BABA – Alibaba Group Holdings9.56Add 100.00%$10,218,000
SIG – Signet Jewelers Ltd.9.09Buy$9,723,000
NYCB – New York Community Bancorp7.19Buy$7,684,000
ZM – Zoom Video Communications Inc.6.9Buy$7,384,000
COF – Capital One Financial6.74Buy$7,212,000
SBSW – Sibanye Stillwater Ltd ADR6.22Buy$6,656,000
LILAK – Liberty LiLAC Group C6.18Buy$6,608,000
CI – Cigna Group5.97Buy$6,388,000
COHR – Coherent Corp.4.45Reduce 16.67%$4,760,000
WFC – Wells Fargo4.37Buy$4,673,000
WAL – Western Alliance Bancorp4.15Buy$4,443,000
CTRA – Coterra Energy Inc.3.44Buy$3,681,000
GEO – GEO Group Inc.2.95Reduce 62.38%$3,156,000
NOV – Nov Inc.2.49Buy$2,658,000
DVN – Devon Energy Corp.2.29Buy$2,444,000
PACW – PacWest Bancorp2.28Buy$2,433,000
FRCB – First Republic Bank1.96Buy$2,099,000
HBAN – Huntington Bancshares1.94Buy$2,071,000
REAL – RealReal Inc.0.81Buy$862,000
OVV – Ovintiv Inc.0.76Buy$812,000