Portfolio Of Big Short Michael Burry Revealed; What's His Buy List

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Earlier, CoinGape reported that popular investor Michael Burry bought shares of distressed banks like First Republic Bank, PacWest Bancorp, Western Alliance Bank and New York Community Bancorp. At that time, these stocks were trading at lowest levels, and any significant recovery would have meant healthy gains. The sentiment was also conducive for buying at the low prices as fears over further bank collapses rose.

Michael Burry Portfolio Revealed

According to an annual shareholder report of Burry shared by Compounding Quality, the big short invested in New York Community Bancorp, Capital One, Wells Fargo, Western Alliance Bancorp, Huntington Bancshares, PacWest and First Republic Bank. Among his other major stocks in his portfolio are JD.com and Alibaba Group which form the highest percentage shares in his portfolio, besides energy stocks Coterra Energy and Devon Energy, the report said. He also reportedly bought the shares of healthcare and insurance company Cigna Group.

In the wake of the recent US banking crisis, Burry predicted yet another market bottom scenario in March 2023, similar to his shorting the 2007 mortgage bond market.

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