Michael Burry Is Selling These 5 Stocks

4. NetApp, Inc. (NASDAQ: NTAP

Number of Hedge Fund Holders: 31 

NetApp, Inc. (NASDAQ: NTAP) is a California-based cloud services company. It is ranked fourth on our list of 15 stocks Michael Burry is selling. 13F filings reveal that Scion Asset Management sold off its entire stake in the company between March and June this year. 

On August 26, investment advisory Loop Capital kept a Buy rating on NetApp, Inc. (NASDAQ: NTAP) stock and raised the price target to $95 from $90, highlighting that the gross and operating margin structure of the firm was leveling up stronger than anticipated. 

Out of the hedge funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in NetApp, Inc. (NASDAQ: NTAP) with 1.6 million shares worth more than $139 million.