Michael Burry recently expressed his concerns about inflation and the “mother of all disasters.” Through his hedge fund, the famed investor controls over $2 billion in assets. Between March and June of this year, Burry made many additional purchases that indicate his pessimistic stance on the economy. In the second quarter of 2021, the Scion portfolio’s worth increased by $700 million. During this time, Burry sold 18 equities and bought nine new ones. Over 92 percent of the portfolio is made up of the top ten holdings, which include large bearish options on electric vehicle producer Tesla.
Here is Insider Monkey’s list of the 7 new stocks to invest in according to Michael Burry. The market capitalization of Vy Global Growth is $625 million, with a volume of 131,849. The stock’s 52-week price range is between $9.6 and $12.7. It’s number seven on the list of seven new stocks to buy. The GEO Group, Inc. is a real estate investment trust based in Florida. Scion Asset Management had 2.5 million shares in the company worth $17.8 million at the end of the second quarter of 2021, accounting for 0.85% of the portfolio. Ovintiv Inc. is ranked fifth. The corporation is based in Colorado and has interests in the mining industry. With 3.9 million shares worth more than $123 million, Two Sigma Advisors is the largest stakeholder. Discovery, Inc. is ranked fourth. The corporation is based in New York and operates as a media company. At the end of June 2021, Scion Asset Management owned 855,084 shares in the firm, valued at $24.7 million. Cardinal Health, Inc. is ranked third. According to recent disclosures, Scion Asset Management has CALL options on 857,700 shares in the company valued at $48.9 million at the end of the second quarter of 2021. For more details, click 7 New Stocks To Invest In According To Michael Burry.
