Michael Burry is Loading Up on These 4 Stocks

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1. Facebook, Inc. (NASDAQ: FB) CALL

Number of Hedge Fund Holders: 266  

Percentage Increase in Stake During Q2: 72% 

Facebook, Inc. (NASDAQ: FB) is placed first on our list of 9 stocks Michael Burry is loading up on. The company owns and runs several social media platforms. It is headquartered in California. Latest filings show that Scion Asset Management owned CALL options on 941,200 shares in the company at the end of the second quarter of 2021 worth over $327 million, representing 15.71% of the portfolio.

On July 29, investment advisory Evercore maintained an Outperform rating on Facebook, Inc. (NASDAQ: FB) stock and raised the price target to $450 from $400, underlining that the firm was posting strong growth and the advisory was bullish on the long-term outlook. 

At the end of the second quarter of 2021, 266 hedge funds in the database of Insider Monkey held stakes worth $42 billion in Facebook, Inc. (NASDAQ: FB), up from 257 in the preceding quarter worth $40 billion. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Facebook, Inc. (NASDAQ: FB) was one of them. Here is what the fund said:

“We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. We also made adjustments to the portfolio’s top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.” 

You can also take a peek at 10 High-Yield Dividend Stocks with Payout Ratio Less than 55% and 10 Stocks to Buy Today According to British Billionaire David Harding.

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