Michael Burry’s 2024 Portfolio: 5 New Stock Picks

2. Oracle Corp (NYSE:ORCL)

Michael Burry’s Stake: $5,271,500

Michael Burry’s Scion Asset Management opened a $5.3 million position in Oracle during the fourth quarter of 2023.

Oracle Corp (NYSE:ORCL) is one of the least shorted stocks on the Wall Street right now.

Insider Monkey’s database of 933 hedge funds shows that 100 hedge funds had stakes in Oracle Corp (NYSE:ORCL) as of the end of the fourth quarter of 2023, up from 88 funds in the previous quarter.

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.”