Skip to content

‘Big Short’ Michael Burry stock portfolio update

‘Big Short’ Michael Burry stock portfolio update

This week, Finbold reported on legendary investor Michael Burry‘s intriguing $2 million investment in iHeartMedia (NASDAQ: IHRT), a media company currently grappling with a tumultuous stock performance, having shed over 45% of its value in 2023. 

Burry’s decision raised eyebrows among investors, though it’s not the only controversial move in his portfolio. 

Meanwhile, recent disclosures from the Michael Burry Stock Tracker – an X (Twitter) account that tracks Burry’s investments – revealed a substantial $4 million stake in Geo Group (NYSE: GEO), a company specializing in investments related to private prisons and mental health facilities worldwide, adding another layer of intrigue to his investment choices.

Interestingly, GEO saw a significant price spike on September 11, when Citron Research published a bullish report on the company. 

“The Geo Group is poised to benefit from the current migration challenges, given its leadership in the Alternative to Detention sector.”

– Citron said.

However, the rally was short-lived, as shares retraced their recent gains, dropping over 5% since reaching this week’s high of $7.56 apiece. 

Burry’s position in GEO

According to Michael Burry Stock Tracker, the ‘Big Short’ investor bought an additional 200,000 shares of GEO, the most recent 13-F filings showed.

As of then, his total position in Geo Group is over 600,000 shares, with an overall value of around $4.2 million. 

The widely-followed hedge fund manager first acquired GEO in Q4 2020. However, the stock witnessed a sluggish performance in 2023, declining more than 33% since January 1. 

GEO YTD performance. Source: TradingView

Burry’s other portfolio holdings

While Burry’s $4 million investment in GEO seems significant, it takes only 2% of Autopilot’s Burry Tracker portfolio, which allows users to copy-trade his investments. 

Meanwhile, Burry Tracker’s largest positions at the moment include ProShares Short S&P 500 (NYSE Arca: SH) at 33% and ProShares Short QQQ (NYSE Arca: PSQ) at 27%. The two refer to exchange-traded funds (ETFs) that are designed for investors who want to profit from, or protect against, declines in the respective benchmark indexes without actually short-selling individual stocks.

At the same time, 10% of the portfolio is allocated to Expedia Group (NASDAQ: EXPE) and Charter Communications (NASDAQ: CHTR), at 5% each. Other noteworthy positions include Cigna Corp. (NYSE: CI), Vital Energy (NYSE: VTLE), and CVS Health Group (NYSE: CVS), among others. 

Buy stocks now with Interactive Brokers – the most advanced investment platform


Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Services

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.