Michael Burry is Selling These 5 Stocks

In this article, we will take a look at how Michael Burry is shorting the market and selling these 5 stocks. To see more such companies, go directly to Michael Burry is Shorting the Market (Again) and Selling these 10 Stocks.

5. Sibanye Stillwater Limited (NYSE:SBSW)

Michael Burry’s Stake in Q1: $6,656,000

Michael Burry had owned 800,000 shares of metals and mining firm Sibanye Stillwater Limited (NYSE:SBSW) during the first quarter of 2023. Sibanye Stillwater Limited (NYSE:SBSW) accounted for about 6% of Scion’s total 13F portfolio as of the end of March. However, during the second quarter, Burry sold his entire stake in Sibanye Stillwater Limited (NYSE:SBSW). Sibanye Stillwater Limited (NYSE:SBSW) shares have lost about 40% in value year to date through August 15.

As of the end of the first quarter of 2023, 18 hedge funds in Insider Monkey’s database of 943 funds reported owning stakes in Sibanye Stillwater Limited (NYSE:SBSW). The biggest stakeholder of Sibanye Stillwater Limited (NYSE:SBSW) during this period was Ryan Schedler and Bradley Shisler’s Condire Investors which owns a $32 million stake in the company.