Despite some past predictions that did not come to pass, Burry remains an influential figure, renowned for his bets against sectors that other investors see as promising.
Michael Burryfamous guru for his accurate prediction of the real estate crisis of 2008 in the US, surprised the market again with its new bearish strategy in the semiconductorsafter closing their bets against the broader market.
Despite some past predictions that did not come true, Burry remains an influential figureand their recent movements have focused global attention.
In this context, Finbold, a financial portal, analyzed the performance of Burry’s extensive stock portfolio in 2023. It is worth remembering that with its bet in 2008 against the US real estate system, Scion Capital, the guru’s fund, He managed more than US$1,000 million. Burry made $100 million in profits for himself, and about $700 million for his investors.
How Burry’s portfolio fared in 2023
The renowned investor’s portfolio highlights the success of investments such as Hudson Pacific Properties (HPP), which experienced an increase of 61%. Scion Asset Management initially invested in HPP in the second quarter of 2023, and the subsequent expansion of the position proved to be very profitable.
Other notable stocks include TI have RealReal (REAL), Signet Jewelers Limited (SIG) and Stellantis (STLA).
However, the worst performance was seen in the bearish bet against the ETF SPY and QQQwhich resulted in an approximate 40% loss.
Burry Adjusted Strategy Towards Put Options Linked to Semiconductor ETF iShares PHLX (SOXX)although this decision did not turn out to be so favorable, since the value of SOXX increased by more than 16%.
Among the underperforming individual holdings are Chinese internet giants: JD.com (JD) and Alibaba (BABA)with falls of 12.8% and 11.5%, respectively. Nexstar Media Group (NXST) also posted negative performance, with a decrease of 1.6%. These moves demonstrate Burry’s continued ability to generate interest and surprise the market.
In this way, Burry’s stock portfolio experienced both notable successes and losses in 2023, reflecting the complexity and volatility of the financial marketeven for expert gurus like the character embodied in the film The Big Short.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
