Michael Burry Is Selling These Stocks in 2024
Over the past few years, Michael Burry has gained more media attention with his recession warnings and market crash "predictions" than he did for accurately foreseeing the 2008 financial crisis.
Established in May 2013, Scion Asset Management is a California-based hedge fund manager founded by Michael Burry. The firm focuses on long-term capital appreciation through fundamental research, targeting undervalued or misunderstood investment opportunities globally.
Michael Burry, a renowned American investor and hedge fund manager, gained fame for his accurate predictions during the 2008 financial crisis. He holds a bachelor's degree in economics from the University of California, Los Angeles, and an M.D. from Vanderbilt University School of Medicine. He completed his neurology residency at Stanford Hospital and Clinics.
Burry's successful forecast of the housing market collapse was chronicled in the film "The Big Short." After founding Scion Capital and predicting the late 2000s housing bubble burst, Burry launched Scion Asset Management in 2013, rebranding his prior fund. The new firm strategically invests in gold, water, and agricultural land, aligning with Burry's belief that water will become the most valuable future asset due to its potential scarcity.
Scion Asset Management manages hedge funds with discretionary assets under management of $196,206,549 (as of March 2024). Their last reported 13F filing for Q1 2024 included $103,486,463 in managed 13F securities, with a top 10 holdings concentration of 75.41%.
