Published on 4 Sep 2021 on Insider Monkey via Yahoo Finance
Michael Burry Is Selling These 15 Stocks
In this article, we discuss the 15 stocks Michael Burry is selling. If you want to skip our detailed analysis of these stocks, go directly to Michael Burry Is Selling These 5 Stocks.
Hedge fund managers famous for their short-selling exploits have had an eventful few months, especially in the context of the rise of retail investors in the marketplace and the incredible numbers posted by meme stocks through the course of the year. Michael Burry, who leads Scion Asset Management, is one of the most famous short-sellers of all time - Burry accurately predicted the market crash of 2009 and has made several crash predictions since - and manages over $2 billion in assets with holdings in the consumer goods and technology sectors.
Some of the top stocks in the Scion Asset Management portfolio at the end of the second quarter of 2021 were Facebook, Inc. (NASDAQ: FB), Walmart Inc. (NYSE: WMT), Alphabet Inc. (NASDAQ: GOOG), The Kraft Heinz Company (NASDAQ: KHC), and CVS Health Corporation (NYSE: CVS), among others. Burry has been selling some stocks and unveiling bearish bets against others from his portfolio, latest securities filings reveal. He has PUT options worth tens of millions against both Tesla, Inc. (NASDAQ: TSLA) and ARK Innovation ETF (NYSE: ARKK).