25 stocks The Big Short’s Michael Burry bought 

Michael Burry

Michael Burry, made famous by the movie The Big Short, bought 25 new shares in the second quarter of 2023 and significantly reduced his stake in three others. He also sold his stake in Chinese eCommerce giant Alibaba.

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.

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 Asset Management, 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 the 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 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, investors and financial analysts closely watch Burry’s stock portfolio.

Earlier this year, Burry told investors 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’s latest Form 13F filings with the United States Securities and Exchange Commission revealed that Burry pumped money into numerous stocks in the second quarter of this year.

The company also added to its stake in three companies – RealReal, GEO Group, and Cigna Group. It cut its stake in three other companies – Signet Jewelers, Liberty LiLAC, and New York Community Bancorp.

The company sold all its shares in 15 companies, including South African mining company Sibanye-Stillwater, which Scion bought in Q1 2023.

Scion Asset Management share portfolio

The table below shows Michael Burry’s Scion Asset Management’s share portfolio on 30 June 2023.

StockPortfolio PercentageChangeValue
Expedia Group Inc.9.82%Buy$10,939,000
Charter Communications, Inc.8.25%Buy$9,184,000
Generac Holdings Inc.7.37%Buy$8,202,000
Cigna Corporation6.93%Add 10.00%$7,717,000
CVS Health Corporation6.21%Buy$6,913,000
MGM Resorts International5.92%Buy$6,588,000
Stellantis N.V.5.12%Buy$5,701,000
Vital Energy Inc.5.07%Buy$5,644,000
Signet Jewelers Limited4.98%Reduce 32.00%$5,547,000
Warner Bros. Discovery, Inc.4.22%Buy$4,703,000
The GEO Group, Inc.3.86%Add 50.00%$4,296,000
Liberty LiLAC Group C3.48%Reduce 43.75%$3,879,000
NexTier Oilfield Solutions Inc.3.21%Buy$3,576,000
RealReal Inc.2.99%Add 119.16%$3,330,000
Star Bulk Carriers Corp.2.94%Buy$3,270,000
Crescent Energy Inc A2.28%Buy$2,542,000
Nexstar Media Group2.24%Buy$2,498,000
Comstock Resources Inc.2.08%Buy$2,320,000
New York Community Bancorp2.02%Reduce 76.47%$2,248,000
iHeartMedia Inc.1.96%Buy$2,184,000
Hanesbrands Inc.1.63%Buy$1,816,000
Qurate Retail Group Inc. CL A1.33%Buy$1,485,000
Costamare Inc1.09%Buy$1,209,000
Hudson Pacific Properties Inc.0.95%Buy$1,055,000
Ishares Msci Japan Small Cap0.83%Buy$923,000
Franklin FTSE Japan ETF0.73%Buy$812,000
Euronav NV0.72%Buy$805,000
iShares MSCI Japan ETF0.56%Buy$619,000
Precision Drilling Corp.0.51%Buy$569,000
Safe Bulkers Inc0.37%Buy$416,000
Ishares Msci Japan Value ETF0.33%Buy$372,000
Source: Dataroma


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