Michael Burry Stock Portfolio: 5 Newest Additions in 2021

3. Discovery, Inc. (NASDAQ:DISCA)

Scion Asset Management’s Stake Value as of Q2: $24,780,000
Percent of Scion Asset Management’s 13F Portfolio: 1.19%
Number of Hedge Fund Holders: 44

Discovery, Inc. (NASDAQ:DISCA) stands third on our list of the newest stocks in Michael Burry’s portfolio. Founded in 1985, it is an American mass media company. Scion Asset Management started building its position in Discovery, Inc. (NASDAQ:DISCA) in Q2, with 855,084 shares, worth $24.7 million. The company accounts for 1.19% of the hedge fund’s 13F portfolio.

As of Q2 2021, 44 hedge funds tracked by Insider Monkey reported having stakes in Discovery, Inc. (NASDAQ:DISCA), compared with 48 in the previous quarter. The total value of these stakes is $587.8 million. D E Shaw is the company’s leading shareholder, with shares worth $165 million.

Smead Capital Management mentioned Discovery, Inc. (NASDAQ:DISCA) in its Q2 2021 investor letter. Here is what the firm has to say:

“We were most negatively affected by Discovery’s (DISCK) stock backing off from their meme-stock fame of the first quarter. Their share price then weakened further by announcing a merger with Warner Media to aggregate the best of unscripted TV shows with the best of sports and scripted TV and movies.”