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 focuses on the service, technology, financial, and consumer goods industries. The fund now has a portfolio worth over $2 billion, up from $1.3 billion last quarter. Facebook, Alphabet, Walmart, and Kraft Heinz are just a few of the major 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. 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. 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.” Scion Asset Management bought stakes in the Monaco-based tanker shipping company, Scorpio Tankers Inc., in Q1, valued at $3.5 million. In Q2, the hedge fund bought additional 409,900 shares in the company, increasing its position by 216%. These stakes are valued at over $13.2 million. Scorpio Tankers Inc. represents 0.63% of Scion Asset Management’s 13F portfolio. 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 Newest Stocks In Michael Burry’s Portfolio.
