Michael Burry is one of the world’s most renowned short-sellers. Scion Asset Management, which he founded, manages more than $2 billion in assets. Burry correctly predicted the 2009 market crash and has made several subsequent crash predictions. The company owns stakes in consumer goods and technology. Richard Burry, a cryptocurrency investor, owns PUT options worth tens of millions against Tesla, Inc. and the ARK Innovation ETF. Between March and June of this year, the value of his portfolio increased by more than $600 million.
Here is Insider Monkey’s list of the 15 stocks Michael Burry is selling. Urstadt Biddle Properties Inc. is a real estate investment trust based in Connecticut. With 291,217 shares valued at more than $5.6 million, Renaissance Technologies is the largest shareholder. It ranks fifteenth on the list of the fifteen stocks Michael Burry is currently selling. Precision Drilling Corporation is ranked fourteenth on Michael Burry’s list of fifteen stocks he is selling. In the first quarter of 2020, the firm acquired its first stake in the company. At the end of June, the shares were trading at a price of more than $41.50. Aerpio Pharmaceuticals, Inc. is ranked thirteenth on Michael Burry’s list of fifteen stocks he is selling. Scion Asset Management acquired its stake in the company at an estimated average price of $1.29 per share. RPT Realty is the twelfth stock on our list of the fifteen stocks Michael Burry is selling. Scion Asset Management made its initial investment in the company in the third quarter of 2020. The fund acquired the stake at an estimated average price of $5.44 per share. Helmerich & Payne, Inc. ranks eleventh on the list of the fifteen stocks that Michael Burry is selling. The company provides energy companies with drilling solutions. With 1.2 million shares valued at more than $40 million, Two Sigma Advisors is a significant shareholder. Scion Asset Management divested all of its holdings in the company at the end of June 2021. The company seeks to acquire technology-related businesses. Within Insider Monkey’s database, 15 hedge funds held stakes in Vector Acquisition Corporation totaling $58 million. For more details, click 15 Stocks Michael Burry Is Selling.
