‘The Big Short’ Michael Burry Sells Entire US Portfolio, Except Only One Stock in Q2

Does Michael Burry know something the rest of us don’t? After successfully waging against subprime mortgages leading up to the 2008 financial crash, the Scion Capital owner warned last week that “the silliness is back,” and that asset prices that became inflated during the Covid-19 area are slated for a hard crash.

As such, Burry took his warnings about a hard impending economic crash to heart, and did what few in his position would even fathom doing: the asset manager liquidated his entire US stock portfolio, valued at around $200 million as of March 31, keeping only one security: jail operator GEO Group. The freshly disclosed 13F, which is a requirement for anyone who manages funds in excess of $100 million, only shows a snapshot of second quarter holdings and securities trading on US exchanges, failing to reveal details on short positions or non-US traded stocks.

Most notably, his hedge fund sold all positions in Meta platforms, Alphabet, and Bristol-Myers, as well as exited Apple puts totalling around $36 million in notional value. With news circulating that Burry now only holds shares of Geo Group, the company’s stock surged 12% to around $7.68. It remains unknown why ‘The Big Short’ investor liquidated the entirety of his portfolio, but given his dire predictions about a “bullwhip effect” plaguing the US economy and a central bank that may prematurely start cutting rates if inflation slows, he may be onto something.

Information for this briefing was found via the SEC and Twitter. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

‘The Big Short’ Michael Burry Receives Subpoena from SEC Over GameStop

‘The Big Short’ Michael Burry, who has captivated audiences not only with is successful bet...

Sunday, September 26, 2021, 02:51:00 PM

‘The Big Short’ Michael Burry Bets Against Cathie Wood’s Ark, Raises Tesla Puts

Michael Burry, the famed investor best known for his enormous bet against the US housing...

Tuesday, August 17, 2021, 02:23:00 PM

Michael Burry: Meme Stocks are Slated to Crash Because “We’re Running Out of New Money”

After causing significant uproar on twitter last month when he warned (and subsequently deleted) that...

Sunday, July 4, 2021, 11:13:00 AM

Michael Burry Takes Aim at Tesla, Rivian in Latest Twitter Rant

‘The Big Short’ Michael Burry has taken to twitter to voice his frustrations with Tesla...

Sunday, November 14, 2021, 11:02:00 AM

Michael Burry Predicts Bleak Days Ahead, Fears The Fed Might Slash Interest Rates Too Soon

Michael Burry, the investor of “The Big Short” fame, has been in a dark mood...

Thursday, August 11, 2022, 10:49:37 AM