- While Burry's largest holding remains Gamestop, he added new stakes in companies that were negatively impacted by the coronavirus pandemic, like Boeing.
- Burry's Scion Asset Management has $387 million in assets under management as of March 31.
- Read more on Business Insider .
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'Big Short' investor Michael Burry added these 5 new stocks to his portfolio in the first quarter (FB, MIK, BA, JACK, DISCA)
Michael Burry the famed investor portrayed by Christian Bale in "The Big Short" added 5 new stocks to his hedge fund portfolio in the first quarter, according to a 13F filing from last week.
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Michael Burry the famed investor portrayed by Christian Bale in "The Big Short" added five news stocks to his hedge fund in the first quarter, according to a 13F filed with the SEC last week.
Burry's hedge fund, Scion Asset Management, had $387 million in assets as of March 31, and its biggest investment is Gamestop, which represents nearly 18% of Scion's portfolio.
Amid the coronavirus pandemic and market sell-off, Burry added some new large cap stakes into his portfolio, including Boeing, which sold off more than 50% in the first quarter.
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Back in March, Burry revealed in an interview with Bloomberg that he made a significant bearish bet that was paying off amid the market sell off.
Listed below are the five new stocks Michael Burry added to his portfolio in the first quarter.
1. Jack in the Box
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David McNew/Getty
Ticker: JACK
Sector: Consumer Discretionary
Position Market Value: $10.5 million
Percent of Scion's Portfolio: 12.21%
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Source: SEC 13F filing
2. Facebook
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Toby Melville/Reuters
Ticker: FB
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Sector: Communications
Position Market Value: $10.0 million
Percent of Scion's Portfolio: 11.62%
Source: SEC 13F filing
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3. Boeing
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Jeff Vinnick/Reuters
Ticker: BA
Sector: Industrials
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Position Market Value: $8.95 million
Percent of Scion's Portfolio: 10.39%
Source: SEC 13F filing
4. The Michael's Companies
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Mark Wilson/Getty Images
Ticker: MIK
Sector: Consumer Discretionary
Position Market Value: $5.27 million
Percent of Scion's Portfolio: 6.11%
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Source: SEC 13F filing
5. Discovery
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Ticker: DISCA
Sector: Communications
Position Market Value: $6.8 million
Percent of Scion's Portfolio: 7.90%
Source: SEC 13F filing
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See Also:
- GOLDMAN SACHS: Buy these 14 stocks poised to surge in an economic recovery because of their limited exposure to consumers
- GOLDMAN SACHS: Buy these 21 cheap under-the-radar stocks that offer market-beating growth potential right now
- Buy these 14 bank stocks that are jarringly cheap and positioned for extreme moves higher, BTIG says
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