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Famed investor Michael Burry, known for his prescient bet against the housing market before the 2008 financial crisis, has made significant changes to his hedge fund’s portfolio in the second quarter of 2024.
What Happened: Scion Asset Management, based in Saratoga and run by Burry, filed its latest 13F report with the U.S. Securities and Exchange Commission on Wednesday, revealing a notable shift in investment strategy.
Key Highlights:
Other notable holdings include The RealReal Inc (NASDAQ:REAL), Olaplex Holdings Inc (NASDAQ:OLPX), and American Coastal Insurance Corp (NASDAQ:ACIC).
Why It Matters: This latest filing offers insight into Burry’s current market outlook, suggesting a diverse approach with significant bets on Chinese technology firms, U.S. healthcare, fintech, and select real estate opportunities.
In May, Burry made headlines for his substantial investments in gold and renewable energy, while exiting positions in major tech companies like Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG). This pivot indicated a focus on physical commodities and sustainable energy sources.
In a related development, a recent poll highlighted how investors seek advice from top figures like Elon Musk, Warren Buffett, and Burry himself, underscoring his influence in the investment community.
Read Next:
Michael Burry illustration by Gonzalo Lanzilotta for
Disclaimer:Ā This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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