The Big Short’s Michael Burry buys 18 new companies

Michael Burry

Michael Burry’s Scion Asset Management bought 18 shares in the fourth quarter of 2023 and sold four others. He also increased his stake in Chinese eCommerce giant Alibaba, which now makes up 6.15% of his portfolio.

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 recognising 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.

Scion’s latest Form 13F filings with the United States Securities and Exchange Commission revealed that Burry significantly increased his holdings in the fourth quarter of this year.

In September 2023, the Scion portfolio consisted of only 11 companies with a value of $43.90 million.

On 31 December 2023, it consisted of 25 stocks with a value of $94.59 million.

Scion Asset Management share portfolio

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

Stock% of portfolioRecent ActivityValue
BABA – Alibaba Group Holdings6.15Add 50%$5,813,000
JD – Inc.6.11Add 60%$5,778,000
HCA – HCA Healthcare Inc.5.72Buy$5,414,000
ORCL – Oracle Corp.5.57Buy$5,272,000
C – Citigroup Inc.5.44Buy$5,144,000
CVS – CVS Health Corp.5.43Buy$5,132,000
NXST – Nexstar Media Group5.39Reduce 33.20%$5,094,000
GOOGL – Alphabet Inc.5.17Buy$4,889,000
SBLK – Star Bulk Carriers Corp.4.95Reduce 11.92%$4,682,000
AMZN – Inc.4.82Buy$4,558,000
MGM – MGM Resorts International4.27Buy$4,468,000
BKNG – Booking Holdings Inc.4.69Reduce 16.67%$4,434,000
AAP – Advance Auto Parts4.52Buy$4,272,000
WBD – Warner Bros. Discovery Inc.4.51Buy$4,268,000
VTLE – Vital Energy Inc.4.21Buy$3,980,000
SQ – Block Inc.4.09Buy$3,868,000
BRKR – Bruker Corp.3.88Buy$3,674,000
TOST – Toast Inc.3.86Buy$3,652,000
MTD – Mettler-Toledo International Inc.2.56Buy$2,426,000
ACIC – American Coastal Insurance C2.10Buy$1,990,000
BIG – Big Lots Inc.1.85Buy$1,753,000
REAL – RealReal Inc.1.39Reduce 12.69%$1,753,000
GENK – Gen Restaurant Group Inc1.28Buy$1,207,000
SB – Safe Bulkers Inc1.04Reduce 16.67%$983,000
QRTEA – Qurate Retail Group Inc. CL A0.56Buy$525,000


Top JSE indices