25 stocks The Big Short’s Michael Burry bought
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.
| Stock | Portfolio Percentage | Change | Value |
| 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 Corporation | 6.93% | Add 10.00% | $7,717,000 |
| CVS Health Corporation | 6.21% | Buy | $6,913,000 |
| MGM Resorts International | 5.92% | Buy | $6,588,000 |
| Stellantis N.V. | 5.12% | Buy | $5,701,000 |
| Vital Energy Inc. | 5.07% | Buy | $5,644,000 |
| Signet Jewelers Limited | 4.98% | 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 C | 3.48% | 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 A | 2.28% | Buy | $2,542,000 |
| Nexstar Media Group | 2.24% | Buy | $2,498,000 |
| Comstock Resources Inc. | 2.08% | Buy | $2,320,000 |
| New York Community Bancorp | 2.02% | 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 A | 1.33% | Buy | $1,485,000 |
| Costamare Inc | 1.09% | Buy | $1,209,000 |
| Hudson Pacific Properties Inc. | 0.95% | Buy | $1,055,000 |
| Ishares Msci Japan Small Cap | 0.83% | Buy | $923,000 |
| Franklin FTSE Japan ETF | 0.73% | Buy | $812,000 |
| Euronav NV | 0.72% | Buy | $805,000 |
| iShares MSCI Japan ETF | 0.56% | Buy | $619,000 |
| Precision Drilling Corp. | 0.51% | Buy | $569,000 |
| Safe Bulkers Inc | 0.37% | Buy | $416,000 |
| Ishares Msci Japan Value ETF | 0.33% | Buy | $372,000 |
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