Stock portfolio update Michael Burry

Sedan Michael Burry anmärkningsvärda framsynthet när det gäller att förutsäga den katastrofala kollapsen av bostadsmarknaden 2008, har han tagit sig upp till en framträdande nivå som en handfull investerare i världen kan göra anspråk på. Med en global efterföljare granskas hans varje ord och investeringsrörelse av investerargemenskapen.

Since Michael Burry’s remarkable foresight in predicting the catastrophic collapse of the housing market in 2008, he has risen to a level of prominence that a handful of investors in the world can claim. With a global following, his every word and investment move is scrutinized by the investor community.

In August 2023, Burry again sent shockwaves through the market when he revealed a large bearish bet against the US stock market.

This revelation was also accompanied by other significant adjustments to his portfolio. That said, today, November 1, we explore the performance of Burry’s rich stock portfolio to identify the biggest winners, but also the worst performing names.

Burry’s biggest winner

Although many of his controversial decisions and predictions in recent years have been scrutinized by investors and analysts, Burry’s ability to identify potential winners in the stock market is still very much alive.

One of the names that has done particularly well is telecom giant Charter Communications (NASDAQ: CHTR). Burry’s hedge fund Scion Asset Management acquired 25,000 CHTR shares at an average price of $341.23, according to Stockcircle data.

Since then, the stock has increased by about 18% and is currently trading at $402.80 apiece. Assuming he still has the stock, it represents a remarkable gain for Burry.

Another stock that stands out in terms of performance is the lesser-known Geo Group (NYSE: GEO), an American company that invests in private prisons and mental health facilities. Although Burry has already owned GEO since 2022, he increased his stake in the company this summer by buying an additional 200,000 shares, bringing his total holding to 600,000.

At the time of writing, shares in Geo Group stood at $8.87, around 22% higher than $7.25 – the average price at which Scion Asset acquired the stock.

Among other stocks that became the biggest winners for Burry’s hedge fund also include automaker Stellantis (NYSE: STLA), Precision Drilling Corp (NYSE: PDS) and Cigna Group (NYSE: CI). The current prices of these three shares are currently 11.4%, 21.6% and 7.2% higher than Burry’s average purchase price.

Worst performing stocks

At the same time, there are several names in Burry’s portfolio that have not fared particularly well. Most notably, these include MGM Resorts (NYSE: MGM), Generac Holdings (NYSE: GNRC), and Warner Bros. Discovery (NASDAQ: WBD), which are currently 18.3%, 26.3% and 23.4% down from the average purchase price at which Scion acquired them.

Other stocks that fall into this category are Nexstar Media Group (NASDAQ: NXST) and iHeartMedia (NASDAQ: IHRT), which fell 15.5% and 29.3%.

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