Michael Burry Stock Portfolio: 5 Stocks To Buy Now

In this piece, we will take a look at the top five stocks in Michael Burry’s latest stock portfolio. If you want to learn more about Michael Burry’s latest bearish bets, then read Michael Burry Stock Portfolio: 10 Stocks To Buy Now.

5. Alibaba Group Holding Limited (NYSE:BABA)

Scion Capital’s Q3 2023 Investment: $4.3 million

Alibaba Group Holding Limited (NYSE:BABA) is one of the biggest online retailers and technology companies in the world. It’s the first stock on our list that is rated Strong Buy on average and analysts have set an average share price target of $140 for a sizeable $57 share price upside.

During June 2023, 112 among the 910 hedge funds tracked by Insider Monkey held a stake in Alibaba Group Holding Limited (NYSE:BABA). Out of these, David Tepper’s Appaloosa Management LP was the largest investor courtesy of its $372 million investment.

4. Booking Holdings Inc. (NASDAQ:BKNG)

Scion Capital’s Q3 2023 Investment: $4.6 million

Booking Holdings Inc. (NASDAQ:BKNG) is a travel services provider. Interestingly, while Michael Burry held a $4.6 million stake in the firm as of September 2023, he also owned $7.7 million of put options. This indicates that perhaps Dr. Burry expects the shares to fall and has hedged his bets accordingly. Along with Alibaba and JD, the company was also a fresh addition to Scion’s Q3 investment portfolio.

For their Q2 2023 shareholdings, 78 out of the 910 hedge funds tracked by Insider Monkey had invested in the company. Booking Holdings Inc. (NASDAQ:BKNG)’s biggest shareholder during the time period was Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital as it owned 511,104 shares that were worth $1.3 billion.

3. Star Bulk Carriers Corp. (NASDAQ:SBLK)

Scion Capital’s Q3 2023 Investment: $4.8 million

Star Bulk Carriers Corp. (NASDAQ:SBLK) is a Greek dry bulk cargo shipping company. Its performance depends on a vibrant global economy, and analysts have rated the shares as Strong Buy on average and set an average share price target of $23.97.

Insider Monkey dug through 910 hedge funds for their June quarter of 2023 portfolios and found 15 had bought Star Bulk Carriers Corp. (NASDAQ:SBLK)’s shares. Howard Marks’ Oaktree Capital Management was the firm’s largest investor out of these, as it owned $461 million worth of shares.

2. Nexstar Media Group, Inc. (NASDAQ:NXST)

Scion Capital’s Q3 2023 Investment: $6.9 million

Nexstar Media Group, Inc. (NASDAQ:NXST) is an American television and broadcasting company. The third quarter was a great one for it when it comes to Dr. Burry, as the investor increased its holdings in the firm by 225% for the second biggest percentage jump of its kind. To boot, the shares are also rated Strong Buy on average, and analysts have priced in a rough $55 average price upside.

By the end of 2023’s June quarter, 30 hedge funds out of the 910 that were part of Insider Monkey’s database were the firm’s investors. Amy Minella’s Cardinal Capital was the biggest hedge fund shareholder since it owned $129 million worth of shares.

1. Stellantis N.V. (NYSE:STLA)

Scion Capital’s Q3 2023 Investment: $7.6 million

Stellantis N.V. (NYSE:STLA) is one of the biggest car manufacturers in the world. These days, the firm is still dealing with the fallout from historic union strikes in America, as it is offering workers buyout options to leave their jobs to create fiscal space for making electric vehicles and adhering to union contracts.

27 out of the 910 hedge funds surveyed by Insider Monkey during Q2 2023 had invested in Stellantis N.V. (NYSE:STLA). Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital owned the largest stake among these which was worth $420 million.

Disclosure: None. You can also take a look at 12 Cheap High Dividend Stocks To Buy Right Now and 10 Best Performing Healthcare ETFs in 2023.

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