‘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.

Video Articles

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Arizona Metals: The Disappointing Kay Mine Resource Estimate

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

‘The Big Short’ Michael Burry Backtracks on GameStop Bullish Stance

The recent uprising of retail investors has crushed short-sellers in the US stock market, as...

Wednesday, January 27, 2021, 02:38:00 PM

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

Michael Burry’s Scion Asset Management Bets Big on Gold

Michael Burry, famous for predicting the 2008 subprime mortgage crisis, has gone big on gold. ...

Thursday, May 16, 2024, 08:13:17 AM

‘The Big Short’ Michael Burry Warns Retail Investors of Crypto, Meme Stock Dangers

Famed investor Michael Burry, who is best known for successfully betting against subprime mortgages ahead...

Sunday, June 20, 2021, 01:01:00 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