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Michael Burry’s best performing stock in the first half of 2024

Michael Burry’s best performing stock in the first half of 2024

Michael Burry’s bet on the Chinese e-commerce and technology giant Alibaba (NYSE: BABA) has been extensively covered for approximately a year. 

The attention has been lent for several reasons, including a lack of a major short position – ever since the controversial bet against the semiconductor industry was abandoned – and because the BABA investment has been mostly staying in the red with many traders waiting to see if it will ever turn green for ‘The Big Shortinvestor.

Still, while neither of the two biggest Michael Burry holdings – Alibaba and JD.com (NASDAQ: JD) – has impressed in 2024, the famous investor still boasts several major winners in his portfolio this year, with few performing as strongly as RealReal Inc (NASDAQ: REAL).

RealReal stock rocketed 67% in 2024

Though one of the smallest holdings in Michael Burry’s portfolio –  it accounted for only 5.3% of its total value at the time of the latest 13-f filing – it made significant stock market moves in 2024. Indeed, the company’s stock is as much as 67.51% in the green year-to-date (YTD), and REAL’s stock price today stands at $3.31.

REAL stock YTD price chart. Source: Finbold

RealReal is an online marketplace specializing in the trading of expert-authenticated luxury goods. The company was founded in 2011 and had its initial public offering (IPO) in June 2019. Despite its strong 2024 growth, REAL stock is 88.58% below its initial public price of $28.90.

For his part, Burry Bought his first batch of REAL shares – 684,442 of them – sometime in the first quarter of 2023. At the time, RealReal stock traded in the rough range between $1.20 and $1.26. This means that ‘The Big Short’ investor is approximately $1.4 million up on his original REAL investment.

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