Michael Burry is a hedge fund manager, physician, and investor from the United States. During the 2008 financial crisis, he created a name for himself by making big gains. He is the current CEO of Scion Asset Management, a company he created in 2013. Scion Asset Management invests mostly in the services, technology, finance, and consumer products industries. The fund now has a portfolio worth more than $2 billion, up from $1.3 billion last quarter. Facebook, Alphabet, Walmart, and Kraft Heinz are among the significant stocks in Burry’s portfolio.
Insider Monkey analyzes the list of the newest stocks in Michael Burry’s portfolio. Vy Global Growth is a private equity firm that went public last year with the goal of acquiring technology companies. Scion Asset Management purchased 144,550 shares in the company for about $1.4 million in the second quarter of 2021. In the second quarter of 2021, the Bermuda-based bulk shipping company recorded a 137 percent increase in sales, to $275.5 million. According to Insider Monkey, Golden Ocean Group Limited is owned by 15 hedge funds worth $133.3 million. Marinus Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical firm focused on developing Ganaxolone, a seizure medication. In August, the company’s Phase 2 trial revealed a 16.6% reduction in seizure frequency, which Truist’s analyst described as “outstanding.” Scorpio Tankers Inc. boosted its shareholding from $3.5 million to $13.2 million, a 216 percent gain. Scion Asset Management, a hedge fund, increased its stake in the firm by 216 percent by purchasing an additional 409,900 shares. According to the previous quarter, CVS Health Corporation is owned by 67 hedge funds tracked by Insider Monkey, up from 61. These interests are worth a total of $1.35 billion. Harris Associates is the largest shareholder in Q2 2021, with $713 million in shares. For more details, click 10 Newest Stocks In Michael Burry’s Portfolio.
