Renowned investor Michael Burry, famous for his astute predictions, has garnered attention in the past due to his stock positions. Despite this interest, the ‘Big Short’ investor has, in recent months, expressed a bearish position in the general stock market at some point advising investors to ‘sell’.
However, amid the recent bearish view, it appears Burry is still interested in several companies occupying a significant share of his portfolio.
In this line, the Michael Burry Stock Tracker, in an X (formerly Twitter) post on August 25, shed light on the investor’s top five portfolio positions, highlighting his diversification approach.
The other top 5 positions in Burry's portfolio (excluding the puts): $EXPE: $10.9M$CHTR: $9.2M$GNRC: $8.2M$CI: $7.7M$CVS: $6.9M— Michael Burry Stock Tracker ♟ (@burrytracker) August 25, 2023
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Top 5 Burry positions
At the top of the list is Expedia Group, Inc. (NASDAQ: EXPE), with a stake of $10.9 million. Expedia is a global travel giant, owning household names such as Expedia.com, Hotels.com, and Vrbo. Burry’s significant investment here signals his optimism in the revival of the travel and tourism sector, which has been grappling with the enduring impacts of the pandemic.
Charter Communications (NASDAQ: CHTR), one of the largest cable operators in the United States, claims the second spot in Burry’s portfolio with an investment of $9.2 million. The company provides a range of telecommunications services, including cable TV, high-speed internet, and phone services.
In the third spot is Generac Holdings Inc., (NYSE: GNRC) a manufacturer of backup power generation solutions with an investment of $8.2 million. The company has flourished due to surging demand for backup power in the face of severe weather events and grid disruptions.
Elsewhere, Cigna Corporation (NYSE: CI), a global healthcare services provider, ranks fourth in Burry’s portfolio with a $7.7 million investment. Cigna offers a variety of health insurance and related services, making it a pivotal player in the healthcare realm. Burry’s stake in Cigna may reflect his optimism about the healthcare sector’s long-term prospects, shaped by ongoing healthcare reforms and a burgeoning aging population.
The final position in Michael Burry’s portfolio is held by CVS Health Corporation (NYSE: CVS) with a $6.9 million investment. CVS Health is a prominent retail pharmacy and healthcare firm that operates pharmacies, clinics, and retail outlets throughout the United States. The company has expanded its services to provide more comprehensive healthcare solutions, adapting to the evolving healthcare landscape.
Burry’s other stock picks performance
While Michael Burry is often associated with contrarian positions, his long-term investments in these companies reveal a more diversified investment strategy. It’s worth noting that some of Burry’s bets have not yielded the desired returns.
As reported by Finbold, Burry also maintains a “big short” position against the stock market, having purchased 40,000 put options contracts tied to SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ).
Notably, Burry is currently down 42% on his short bet, assuming the investor still holds these positions.