Michael Burry Has 50% of His Portfolio Invested In These 8 Stocks

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1. Block Inc. (NYSE:SQ)

Michael Burry’s Q1’2024 Stake: $7,612,200

Percentage of Burry’s Portfolio: 7.35%

Michael Burry owns a $7.6 million stake in Block Inc. (NYSE:SQ) as of the end of the first quarter of 2024. Scion increased its hold in Block Inc. (NYSE:SQ) by 80% in the period. In a latest report, Barclays’ analyst Ramsey El-Assal said that Block Inc. (NYSE:SQ) is a “likely” candidate for S&P 500 inclusion. The analyst cited Block Inc.’s (NYSE:SQ) Q4 performance, adding that Block Inc.’s (NYSE:SQ) positive GAAP net income in the quarter can be an eligibility factor.

Block Inc. (NYSE:SQ) shares have gained about 28% over the past one year.

ClearBridge Value Equity Strategy stated the following regarding Block, Inc. (NYSE:SQ) in its fourth quarter 2023 investor letter:

“Stock selection in the financials sector proved to be the largest contributor to relative outperformance.  The sector also contained our top individual holding during the period: Block, Inc. (NYSE:SQ), whose stock price maintained its upward momentum after it announced that Square retailers saw substantial increases in holiday spending trends and transactions, and greater optimism for a soft landing helped alleviate investor concerns over consumer spending.”

Click to see the 5 Biggest Positions of Michael Burry in Q1’2024

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