Scion Asset Management, situated in California, has more than $2 billion in assets under management. According to the most recent statistics reported by the regulatory body at the end of June 2021, his hedge fund’s top five holdings account for more than 38% of the whole portfolio. Burry is launching a new investment strategy in response to shifting market dynamics following the widespread use of COVID-19 vaccines. By beating the inflation drum, the investor has become one of Wall Street’s most well-known figures. Six of the portfolio’s top ten assets are new acquisitions.
Here is Insider Monkey’s list of the 10 best stocks to buy according to Michael Burry. According to Michael Burry, The GEO Group, Inc. is ranked ninth among the best stocks to purchase. The company is situated in Florida and works as a real estate investment trust. According to recent filings, Scion Asset Management had 2.5 million shares in the firm as of June 30, 2021. Michael Burry put Ovintiv Inc. ninth on his list of the top ten stocks to purchase. Oil and natural gas are developed, produced, and sold by the corporation. The company’s headquarters are in Colorado. According to the most recent data, Scion Asset Management owns 600,000 shares in the company. Michael Burry ranked Discovery, Inc. seventh on his list of the top ten stocks to purchase. At the end of June 2021, Scion Asset Management owned 855,084 shares in the media company, valued at $24.7 million. CVS Health Corporation came in seventh. At the end of June 2021, Scion Asset Management had 525,300 shares in the health company, accounting for 2.1 percent of the portfolio. The value of these shares is $43.8 million. According to Michael Burry, Cardinal Health, Inc. is the sixth best company to purchase on our list of the ten best stocks to buy. At the end of the second quarter of 2021, the investment firm owned 857,700 shares in the company, valued at $48.9 million. For more details, click 10 Best Stocks To Buy According To Michael Burry.
