Why Michael Burry Is Betting Big on Just ONE Secretive Stock
Shares of Geo Group (NYSE: GEO ) are at the center of attention after Michael Burry’s Scion Asset Management reported the company as its only second-quarter 13F holding , selling off all other stocks. Today is the deadline for institutional investors to file their Q2 13F, which provides retail investors with a snapshot of stocks institutions own as of June 30. During the quarter, Burry dumped his stakes in 12 companies, including Google (NASDAQ: GOOG , NASDAQ: GOOGL ), Booking (NASDAQ: BKNG ) and Bristol-Myers Squibb (NYSE: BMY ). His entire GEO stock stake of 501,630 shares was bought during the second quarter, worth about $3.3 million at the end of Q2. Meanwhile, Scion holds stocks in its 13F portfolio for an average of six quarters. Geo operates as a real estate investment trust, or REIT, that specializes in prison properties and is the world’s second-largest private “prison company.” Let’s get into the details. Michael Burry Bets Big on GEO Stock Geo is active in three continents and operates more than 100 private prisons and mental health facilities.
Why Michael Burry Is Betting Big on Just ONE Secretive Stock
Shares of Geo Group (NYSE: GEO ) are at the center of attention after Michael Burry’s Scion Asset Management reported the company as its only second-quarter 13F holding , selling off all other stocks. Today is the deadline for institutional investors to file their Q2 13F, which provides retail investors with a snapshot of stocks institutions own as of June 30. During the quarter, Burry dumped his stakes in 12 companies, including Google (NASDAQ: GOOG , NASDAQ: GOOGL ), Booking (NASDAQ: BKNG ) and Bristol-Myers Squibb (NYSE: BMY ). His entire GEO stock stake of 501,630 shares was bought during the second quarter, worth about $3.3 million at the end of Q2. Meanwhile, Scion holds stocks in its 13F portfolio for an average of six quarters. Geo operates as a real estate investment trust, or REIT, that specializes in prison properties and is the world’s second-largest private “prison company.” Let’s get into the details. Michael Burry Bets Big on GEO Stock Geo is active in three continents and operates more than 100 private prisons and mental health facilities.