Michael Burry Stock Portfolio: 5 Newest Additions in 2021

1. McKesson Corporation (NYSE:MCK)

Scion Asset Management’s Stake Value as of Q2: $130,502,000
Percent of Scion Asset Management’s 13F Portfolio: 6.26%
Number of Hedge Fund Holders: 51

McKesson Corporation (NYSE:MCK) tops our list of the newest stocks in Michael Burry’s portfolio. In Q2, Scion Asset Management owned CALL contracts on 682,400 shares of the company, valued at $130.5 million. The company represents 6.26% of the hedge fund’s 13F portfolio.

McKesson Corporation (NYSE:MCK) is an American healthcare company that utilizes health technology for its operations. On July 26, the company increased its dividend by 12% at 0.47 per share, yielding 0.93%.

Broyhill Asset Management mentioned McKesson Corporation (NYSE:MCK) in its Q2 2021 investor letter. Here is what the firm has to say:

“Analysts continued ratcheting up full-year earnings estimates for McKesson (MCK) driving the stock steadily higher. Despite strong year-to-date gains, shares of the company are trading at lower valuations today than before the pandemic as earnings estimates have outpaced their rising stock prices… The story is similar at McKesson where vaccine distribution should continue to provide upside to consensus estimates. Although investors have been hesitant to give the company full credit for today’s “temporary” profits, we think these “temporary” COVID-tailwinds may turn out to be not so temporary. If we are wrong, we believe downside is limited given recent activist involvement and management’s decision to pursue a strategic review to capture the full value of the company’s drug development business.”

You can also take a look at 10 Best Cheap Stocks to Buy According to Michael Burry and 10 Best Stocks to Buy According to Michael Burry

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