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Copy-trading Michael Burry portfolio generated 50% in 2023; What’s inside?

Copy-trading Michael Burry portfolio generated 50% in 2023; What's inside?

Michael Burry, a name synonymous with legendary investing prowess, has cemented his position as one of the most prominent figures in the financial world. As the founder of Scion Asset Management, Burry rose to fame for accurately predicting the housing market collapse of 2008, earning him a fortune and widespread recognition. 

Known for his astute analysis and contrarian investment strategies, Burry continues to be closely watched by investors and financial enthusiasts alike.

In fact, tracking Burry’s investments and portfolio performance is now easier than ever. Thanks to an investment app called “Autopilot,” investors can now copy-trade Burry and other iconic stock market investors such as Warren Buffet and Nancy Pelosi.

Notably, tracking Burry’s portfolio through Autopilot yielded an average yearly return of 50%. Last year, the so-called “Burry Tracker” portfolio gained 60%, according to data retrieved by Finbold on August 7. 

Returns of Burry Tracker portfolio. Source: Autopilot

What’s inside Burry’s portfolio?

According to Autopilot, Burry’s portfolio consists of more than a dozen of stocks.

His biggest portfolio position (10%) at the moment is New York Community Bancorp’s stock (NYSE: NYCB), which gained more than 21% over the past month and over 55% since the start of the year.

Michael Burry’s biggest stock positions. Source: Autopilot

Burry also holds sizable positions in Signet Jewelers (NYSE: SIG) and Chinese e-commerce giant (NASDAQ: JD), with a total of 18% of his portfolio allocated to those two stocks (9% each). 

SIG is up around 22% since the start of the year, while JD fell around 33% during that period, although the latter has been showing signs of recovery recently, rebounding 13% over the past month. 

Other stocks that take a meaningful portion of Burry’s portfolio include Alibaba Group (NYSE: BABA), Capital One (NYSE: COF), Cigna Corp. (NYSE: CI), Zoom Video Communications (NASDAQ: ZM), and Western Alliance (NYSE: WAL), among others. 

WAL and CI down YTD

Most of these stocks are in the green year-to-date, except for WAL and CI, which fell around 10% each during that period. 

More recently, Burry has been ramping up bets on natural gas companies. The stock market legend recently revealed a $3.6 million investment in Coterra Energy (NYSE: CTRA), an energy company based in Houston, Texas. 

The stock rose almost 10% over the past 30 days, while its year-to-date gains stand at 18.8%. 

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

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