5 Stocks Dr Michael Burry Just Bought and Sold

3. The Cigna Group (NYSE:CI)

Scion Asset Management’s Equity stake: 0%
Number of Hedge Fund Holders: 74

Headquartered in Bloomfield, Connecticut, The Cigna Group (NYSE:CI) was one of Scion Asset’s Management holdings in the first half of the year, offering exposure in the healthcare sector. The Cigna Group (NYSE:CI) provides insurance and related products and services in the US. It also offers pharmacy benefits, home delivery pharmacy, and speciality pharmacy distribution.

Scion Asset Management acquired stakes in The Cigna Group (NYSE:CI) in the first quarter of the year and increased stakes to 27,500 in the second quarter. Nevertheless, it exited the position in the third quarter as the holding started accumulating losses. The Cigna Group (NYSE:CI) is down by 12% for the year.

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