Michael Burry’s Top 5 Stock Picks For 2024

4. Oracle Corporation (NYSE:ORCL)

Scion Asset Management’s Stake Value: $5.27 million

Number of Hedge Fund Holders: 100

Oracle Corporation (NYSE:ORCL) provides a range of products and services designed for enterprise information technology needs globally. It offers Oracle Cloud, which includes software applications like Oracle Fusion Cloud ERP, Oracle Fusion Cloud EPM, Oracle Fusion Cloud SCM, and more. These applications cater to different aspects of business operations, helping organizations manage their resources and improve efficiency. Placed among Michael Burry’s stock picks for Q4 2023 is Oracle Corporation (NYSE:ORCL). Burry purchased 50,000 shares of the company worth $5.27 million in the December quarter.

On December 11, Oracle Corporation (NYSE:ORCL) declared a $0.40 per share quarterly dividend, in-line with previous. It was paid on January 25.

According to Insider Monkey’s fourth quarter database, 100 hedge funds were bullish on Oracle Corporation (NYSE:ORCL), up from 88 funds in the previous quarter. Jean-Marie Eveillard’s First Eagle Investment Management held the largest position in the company, with 18.52 million shares valued at $1.95 billion.

Madison Sustainable Equity Fund stated the following regarding Oracle Corporation (NYSE:ORCL) in its fourth quarter 2023 investor letter:

“Oracle Corporation (NYSE:ORCL) reported a disappointing second quarter due to supply constraints. Cloud revenue was below expectations as Oracle made planning decisions to accommodate some large-scale Oracle Cloud Infrastructure (OCI) clients that take longer to bring online. We continue to believe that Oracle has a unique position in Generative AI workloads and continue to like its position and strategy.”