5 Stocks That Michael Burry Just Dumped From His Portfolio
Michael Burry made a name for himself during the Great Recession. His bearish bet against the housing market made the contrarian investor a fortune. Alongside this fortune came fame, when the book detailing his winning trade was made into a film in 2015. When Burry makes changes to his portfolio, it makes headlines. That’s exactly what happened earlier this month, when his Scion Asset Management filed its latest 13F with the Securities and Exchange Commission (or SEC). As InvestorPlace’s Eddie Pan reported Aug. 15, the filing revealed that, as of June 30, Scion held just one stock in its portfolio : private-prison operator Geo Group (NYSE: GEO ). Much of the coverage of Burry’s latest portfolio changes has focused on why he bought GEO stock. However, what may also be of great interest is Burry’s motivation for dumping the other names that were in his portfolio as of March 31 . During the preceding quarter, Michael Burry cashed out of eleven other U.S.-listed stocks. Let’s take a look at five of his largest prior holdings, and see why he may have seen it as wise to take the money and run.
5 Stocks That Michael Burry Just Dumped From His Portfolio
Michael Burry made a name for himself during the Great Recession. His bearish bet against the housing market made the contrarian investor a fortune. Alongside this fortune came fame, when the book detailing his winning trade was made into a film in 2015. When Burry makes changes to his portfolio, it makes headlines. That’s exactly what happened earlier this month, when his Scion Asset Management filed its latest 13F with the Securities and Exchange Commission (or SEC). As InvestorPlace’s Eddie Pan reported Aug. 15, the filing revealed that, as of June 30, Scion held just one stock in its portfolio : private-prison operator Geo Group (NYSE: GEO ). Much of the coverage of Burry’s latest portfolio changes has focused on why he bought GEO stock. However, what may also be of great interest is Burry’s motivation for dumping the other names that were in his portfolio as of March 31 . During the preceding quarter, Michael Burry cashed out of eleven other U.S.-listed stocks. Let’s take a look at five of his largest prior holdings, and see why he may have seen it as wise to take the money and run.