Michael Burry’s Top 5 Stock Picks For Q3

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In this piece, we will take a look at Michael Burry’s top five stock picks for Q3. To learn more about the investor and his famous stock market and economic calls, check out Michael Burry’s Top 10 Stock Picks For Q3.

5. CVS Health Corporation (NYSE:CVS)

Michael Burry’s Q2 2023 Investment: $6.9 million

CVS Health Corporation (NYSE:CVS) is an American healthcare benefits provider. The firm’s shares tanked in the third week of August as a Reuters report shared that Blue Shield of California will diversify away from the company in order to save up on costs. Michael Burry’s investment firm bought 100,000 CVS Health Corporation (NYSE:CVS) shares in Q2 2023, for a $6.9 million stake.

During the same time period, 66 of the 910 hedge funds part of Insider Monkey’s database had also invested in CVS Health Corporation (NYSE:CVS). Out of these, the firm’s largest shareholder is John Overdeck and David Siegel’s Two Sigma Advisors with a stake worth $398 million.

Follow Cvs Health Corp (NYSE:CVS)

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