Michael Burry is Loading Up on These 4 Stocks

In this article, we discuss the 4 stocks Michael Burry is loading up on. If you want to read our detailed analysis of these stocks, go directly to Michael Burry is Loading Up on These 9 Stocks.

4. CVS Health Corporation (NYSE: CVS) CALL

Number of Hedge Fund Holders: 67 

Percentage Increase in Stake During Q2: 32%

CVS Health Corporation (NYSE: CVS) is ranked fourth on our list of 9 stocks Michael Burry is loading up on. The company provides healthcare services and operates from Rhode Island. Regulatory filings reveal that Scion Asset Management owned CALL options on 525,300 shares in the firm at the end of the second quarter of 2021 worth $43.8 million, representing 2.1% of the portfolio. 

On August 5, investment advisory Deutsche Bank maintained a Buy rating on CVS Health Corporation (NYSE: CVS) stock and raised the price target to $101 from $95. George Hill, an analyst at the firm, issued the ratings update. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based firm Harris Associates is a leading shareholder in CVS Health Corporation (NYSE: CVS) with 8.5 million shares worth more than $713 million. 

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and CVS Health Corporation (NYSE: CVS) was one of them. Here is what the fund said:

“We sold our position in CVS Health Corp. to allocate capital to companies with larger margins of safety. During the five years that we owned CVS Health Corp., the company acquired Aetna. At the time, we also owned Aetna, and we believed the combination of the two companies would create additional value. After the acquisition, its business performance has been disappointing. We reevaluated our assumptions and determined its value has not grown.”