Michael Burry is Betting Against Cathie Wood’s Fund, Tesla and Selling These 2 Other Stocks

Page 1 of 5

In this article, we discuss the stocks that Michael Burry is betting against and selling. If you want to read our detailed analysis of these stocks, go directly to Michael Burry is Betting Against Cathie Wood’s Fund, Tesla and Selling These 7 Other Stocks.

5. Helmerich & Payne, Inc. (NYSE: HP)

Number of Hedge Fund Holders: 15    

Helmerich & Payne, Inc. (NYSE: HP) is ranked fifth on our list of stocks that Michael Burry is betting against and selling. The company markets drilling solutions for energy firms and is based in Oklahoma. The Burry-led fund has sold its entire stake in Helmerich & Payne, Inc. (NYSE: HP), latest data shows. 

On July 16, investment advisory Bank of America upgraded Helmerich & Payne, Inc. (NYSE: HP) stock to Neutral from Underperform, noting that the US onshore sector was expected to grow in the oil domain over the coming months compared to international competitors. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Two Sigma Advisors is a leading shareholder in Helmerich & Payne, Inc. (NYSE: HP) with 1.2 million shares worth more than $40 million. 

Page 1 of 5