‘Big Short’ investor Michael Burry added these 5 new stocks to his portfolio in the first quarter (FB, MIK, BA, JACK, DISCA)

News
Michael Burry big short premiere

Michael Burry — the famed investor portrayed by Christian Bale in “The Big Short” — added 5 new stocks to his hedge fund portfolio in the first quarter, according to a 13F filing from last week.
While Burry’s largest holding remains Gamestop, he added new stakes in companies that were negatively impacted by the coronavirus pandemic, like Boeing.
Burry’s Scion Asset Management has $387 million in assets under management as of March 31.
on Business Insider.

Michael Burry — the famed investor portrayed by Christian Bale in “The Big Short” — added five news stocks to his hedge fund in the first quarter, according to a 13F filed with the SEC last week.

Burry’s hedge fund, Scion Asset Management, had $387 million in assets as of March 31, and its biggest investment is Gamestop, which represents nearly 18% of Scion’s portfolio.

Amid the coronavirus pandemic and market sell-off, Burry added some new large cap stakes into his portfolio, including Boeing, which sold off more than 50% in the first quarter.

Back in March, Burry revealed in an interview with Bloomberg that he made a significant bearish bet that was paying off amid the market sell off.

Listed below are the five new stocks Michael Burry added to his portfolio in the first quarter.

Read more: GOLDMAN SACHS: Buy these 21 cheap under-the-radar stocks that offer market-beating growth potential right now

1. Jack in the Box

Ticker: JACK

Sector: Consumer Discretionary

Position Market Value: $10.5 million

Percent of Scion’s Portfolio: 12.21%

  Famous BYU Cosmo the Cougar to speak at virtual LGBTQ fireside hosted by Affirmation

Source: SEC 13F filing

2. Facebook

Ticker: FB

Sector: Communications

Position Market Value: $10.0 million

Percent of Scion’s Portfolio: 11.62%

Source: SEC 13F filing

Read more: ‘We have a depression on our hands’: The CIO of a bearish $150 million fund says the market will grind to new lows after the current bounce is over — and warns ‘a lot more pain’ is still to come

3. Boeing

Ticker:BA

Sector: Industrials

Position Market Value: $8.95 million

Percent of Scion’s Portfolio: 10.39%

Source: SEC 13F filing

4. The Michael’s Companies

Ticker: MIK

Sector: Consumer Discretionary

Position Market Value: $5.27 million

Percent of Scion’s Portfolio: 6.11%

Source: SEC 13F filing

Read more: Buy these 13 tech stocks that are abnormally disconnected from Wall Street’s expectations for profit growth and poised to rocket higher, Credit Suisse says

5. Discovery

Ticker: DISCA

Sector: Communications

Position Market Value: $6.8 million

Percent of Scion’s Portfolio: 7.90%

Source: SEC 13F filing

…read more

Source:: Business Insider

      

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *