What stocks did Michael Burry buy in the first quarter? There are surprises!

Michael Burry 1


  • The investor known as “The Big Short” revealed to the SEC his movements in his hedge fund Scion Asset Management.
  • Surprisingly, Burry bought a large number of shares in regional banks, in the midst of a banking crisis.
  • It was even known that he bought First Republic shares. It is not yet known if the investor lost almost all of his money with this bet.

Michael Burry, one of the most followed investors on Wall Street after anticipating the mortgage crisis in 2008, disclosed his operations to the SEC during the first quarter of the year.

The moves by his hedge fund, Scion Asset Management, came as a big surprise. It is that Burry opened positions in various regional banks, in the midst of a banking crisis. He acquired:  New York Community Bancorp, Capital One Financial, Western Alliance, PacWest Bancorp, and  Huntington Bancshares.

Just before the end of the first quarter, when Silicon Valley Bank collapsed, Burry had pointed out that “ this crisis could be resolved very quickly. I don’t see a real danger here .” It is clear that he did not succeed this time as in 2008.

In addition, it was learned that the investor bought 2 million dollars in shares of First Republic Bank. It is important to note that the bank’s shares lost almost all their value but it is still unknown if Burry sold his stake before the bankruptcy of the institution.

This is how Burry’s portfolio was as of March 31, according to the document filed with the SEC:

As can be seen from the chart, Burry bought a large number of shares in two Chinese giants Alibaba and JD.com, now his largest holdings in the portfolio.

Additionally, he opened new positions at Signet Jewelers,  Zoom Video, Sibanye Stillwater and  Cigna.