Michael Burry has doubled the equity positions in his Scion Asset Management fund at the end of 2023. Here are the 7 stocks he highlighted.
Michael Burry’s 7 Favorite Stocks.
Michael Burry, the guru of "The Big Short", changes strategy and reveals that he has expanded his stock portfolio, including giants such as Amazon and Alphabet. As noted in a recent SEC filing (13F), the well-known investor has more than doubled the value of his portfolio from $44 million to $95 million, investing in key sectors such as entertainment, retail, and catering services.
Burry, known for shorting subprime mortgage stocks in 2008, has also demonstrated a keen interest in artificial intelligence, a move that reflects a forward-thinking view of emerging technologies.
Michael Burry’s recent decisions, including closing out some losing short positions on SOXX, S&P 500 and QQQ, along with selling shares of Booking Holdings, Crescent Energy and Stellantis NV, highlight a significant change of direction in its strategy. This shift cannot be underestimated by investors alert to emerging opportunities in the ever-changing market.
Here are the new securities entered into Michael Burry’s Scion Asset Management fund at the end of 2023.
1. Amazon and 2. Alphabet
Amazon and Alphabet were added to Burry’s portfolio at the end of Q4 2023, despite investor concerns expressed earlier in the previous year regarding the sustainability of the technology-led market rebound.
In particular, the Scion Asset Management fund bought 35,000 Alphabet shares and 30,000 Amazon shares.
Burry isn’t the only major investor to have increased positions in these stocks. Bridgewater Associates, the world’s largest hedge fund firm, also increased its position in Alphabet by more than 465,000 shares.
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3 stocks with 100% growth potential
3. Alibaba and 4. JD.com
Michael Burry also increased his holdings in Chinese e-commerce giants, Alibaba Group Holding (BABA) and JD.com Inc (JD). The two companies have become the largest holdings in Burry’s portfolio, accounting for 6.11% and 6.17% of the total, respectively.
Despite the difficulties faced by Chinese stocks over the past three years, Burry believes the two companies may be at a turning point, given the oversold levels reached by major chart oscillators.
Shares of both companies took a hit last year amid growing threats of government regulation and a general exodus from risky technology stocks amid rising interest rates and worries about a possible recession.
However, Burry, known for his ability to recognize value opportunities, may have interpreted this situation as a possible investment opportunity, confident in the ability of the two companies to recover and regain momentum in the long term.
5. HCA Healthcare 6. Oracle 7. Citigroup
The Scion fund also included new positions in HCA Healthcare, Oracle Corp, and Citigroup. In particular, Burry acquired 20,000 shares of HCA Healthcare (HCA), the value of which amounts to $5.41 million and represents 5.72% of the total portfolio weight. This move could be interpreted as a bet on the healthcare sector, considering the crucial role that HCA Healthcare plays in providing healthcare services in the United States.
The purchase of 50,000 shares of Oracle Corp (ORCL), valued at $5.27 million, and 100,000 shares of Citigroup (C), worth $5.14 million, suggests Burry’s interest in the technology and finance sectors. Oracle is a leader in the computer software and services industry, while Citigroup is one of the world’s leading financial institutions. These decisions suggest that Burry has confidence in the resilience and growth potential of these sectors, despite the current challenges in the global health and economic landscape.
|DISCLAIMER
The information and considerations in this article should not be used as the sole or primary basis for making investment decisions. The reader maintains full freedom in his own investment choices and full responsibility in making them, since he alone knows his risk propensity and his time horizon. The information contained in the article is provided for informational purposes only and its disclosure does not constitute and should not be considered an offer or solicitation to the public for savings.|
Original article published on Money.it Italy 2024-02-17 17:59:00. Original title: 7 azioni preferite da Michael Burry. Il guru de “La grande scommessa” cambia strategia
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