Michael ‘Big Short’ Burry’s 5 Recent Stock Purchases

4. Capital One Financial Corp. (NYSE:COF)

Number of Hedge Fund Holders: 55

Michael Burry’s Stake: $7,212,000

Michael Burry bought a stake worth about $7.2 million in Capital One Financial Corp. (NYSE:COF) in the first quarter. Burry wasn’t the only famous hedge fund that piled into the bank in the period. Warren Buffett’s hedge fund bought a whopping $954 million stake in Capital One Financial Corp. (NYSE:COF) during the period.

Insider Monkey’s database of 943 hedge funds tracked as of the end of the fourth quarter of 2022 shows that 55 hedge funds had stakes in Capital One Financial Corp. (NYSE:COF).

Oakmark Global Fund made the following comment about Capital One Financial Corporation (NYSE:COF) in its Q1 2023 investor letter:

“Capital One Financial Corporation (NYSE:COF)is another long-term Oakmark holding where the stock was dragged into the banking controversy despite not sharing the balance sheet risks (neither securities’ losses nor uninsured deposits) of the failed banks. Capital One has a terrific track record of both growth and risk management under founder CEO Richard Fairbank. We were buying Capital One at roughly 6x this year’s consensus EPS and a discount to tangible book value. Furthermore, we believe long-term earnings power is well above what we will see this year.”