Michael Burry has become quite popular since the movie The Big Short, where a character was dedicated to the hedge fund manager. In 2016, Burry 's Scion Asset Management has assets worth $ 35 million, which relieves him of the obligation to announce the contents of his portfolio to the SEC. Back then the fund has investments mainly in Coty Inc. (NYSE: COTY).
Today, for the first time since 2016, Burry is again obliged to publicly announce the contents of the portfolio, as the fund currently manages $ 105 million, 5 million above the limit, which obliges fund managers to declare the shares they have purchased.
At the moment, Michael Burry's portfolio is far more diversified than in 2016, with 15 new shares and Google (NASDAQ: GOOGL), which is located there previously. Investments are targeted at 9 different sectors, which implies a better positioning to the market risks.
Here's Top 5 of the new shares in the portfolio that Burry expects to perform better than the market:
1. CorePoint Lodging Inc. (NYSE:CPLG)
– Value of Holding (as of December 31, 2018): $11.09 million
2. The Walt Disney Company (NYSE:DIS)
– Value of Holding (as of December 31, 2018): $8.77 million
3. Tailored Brands, Inc. (NYSE:TLRD)
– Value of Holding (as of December 31, 2018): $8.70 million
4. Cleveland-Cliffs Inc. (NYSE:CLF)
– Value of Holding (as of December 31, 2018): $8.01 million
5. GameStop Corp. (NYSE:GME)
– Value of Holding (as of December 31, 2018): $6.78 million
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.