", The Scion boss shot to fame after his billion-dollar wager against the mid-2000s housing bubble was immortalized in the book and movie "The Big Short.". In 2021 Michael Burry made a $534 million bet against Tesla stock before dropping his bet against the car company. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. Michael James Burry was born in 1971 and raised in San Jose, Calif. Berkshire also disclosed a $1 billion stake in Brazilian fintech Nubank in its latest portfolio update. You can enter your email below to get our FREE report. It also provides mental health and rehabilitation facilities. The information contained herein regarding available investments is obtained from third party sources. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. He still has an active license with the California Medical Board, though he doesnt practice. Even if its remarkable, there are investors who made tend of millions off this. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. Opinions are our own, but compensation and in-depth research determine where and how companies may appear.See disclosure. A lot of clients were just glad to be done with it at the end. Since then, he's focused on investing in. Another new position for Scion in the fourth quarter was the company Coherent(COHR 0.44%), which creates lasers and laser-related technology for customers in North America, China, Europe, Korea, and Japan. Number of Hedge Fund Holders: 21. He shorted the 2007 mortgage bond market by swapping collateralized debt obligations (CDO) and made a personal profit of $100 million and $700 million for his investors. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox. "[12], After shutting down his website in November 2000, Burry started the hedge fund Scion Capital, funded by an inheritance and loans from his family. But this is also a company that has struggled on more of a long-term basis, with the stock down more than 57% over the last five years. Among investors, he is best known for being one of the few who predicted the subprime mortgage crisis that lasted from 2007 to 2010. The $41 million portfolio of his hedge fund includes private prison companies like GEO Group and CoreCivic, telecommunications firms like Qurate Retail, Charter Communications, and Liberty Latin America, and aerospace company Aerojet Rocketdyne. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by MoneyMade or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
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