Michael Burry Is Selling These 7 Stocks in 2024

3. Oracle Corp (NYSE:ORCL)

Number of Hedge Fund Investors: 100

Oracle Corp (NYSE:ORCL) was a new arrival on Michael Burry’s portfolio in the fourth quarter of 2023, as the investor bought 50,000 shares of Oracle Corp (NYSE:ORCL). However, Burry dumped this entire stake in the database technology and Cloud company in the first quarter of 2024. Over the past one year Oracle Corp (NYSE:ORCL) shares are up about 20%.

Madison Sustainable Equity Fund stated the following regarding Oracle Corporation (NYSE:ORCL) in its fourth quarter 2023 investor letter:

Oracle Corporation (NYSE:ORCL) reported a disappointing second quarter due to supply constraints. Cloud revenue was below expectations as Oracle made planning decisions to accommodate some large-scale Oracle Cloud Infrastructure (OCI) clients that take longer to bring online. We continue to believe that Oracle has a unique position in Generative AI workloads and continue to like its position and strategy.”