Michael Burry is Shorting Tesla Inc. (NASDAQ: TSLA) and Buying These 5 Stocks Instead

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In this article, we will take a look at the top 5 holdings of Michael Burry. If you want to read our detailed analysis of Michael Burry’s history, and investment philosophy, go directly to Michael Burry is Shorting Tesla and Buying These 10 Stocks Instead.

5. NetApp, Inc. (NASDAQ: NTAP) CALL

Number of Hedge Fund Holders: 34 

NetApp, Inc. (NASDAQ: NTAP) is a California-based data management company that also offers cloud services. It was founded in 1992 and is placed fifth on our list of top 10 holdings of Michael Burry. The firm represents over 1.5% of the total investment portfolio of Scion Asset Management with 300,000 shares valued at over $21 million. Over the past year, the company stock has returned more than 65% to investors. The firm is one of the biggest in the world and is a decade-long member of the Fortune 500.  

NetApp, Inc. (NASDAQ: NTAP) is a good option for income investors as it regularly pays a dividend. In February, the firm declared a dividend of $0.48 per share, in line with previous. The forward yield was 2.77%. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in NetApp, Inc. (NASDAQ: NTAP) with 2.3 million shares worth more than $158 million. 

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