The pharmaceutical and drugstore chain was by far the largest position in the Burry depot at the end of the quarter.
(Photo: AP)
Dusseldorf Mike Burry is known for his extreme predictions. The star investor foresaw the financial crisis and successfully bet on a collapse of the US housing market. Most recently, the American repeatedly warned of a stock crash on the short message service Twitter – now he has adjusted his portfolio accordingly.
As can be seen from the documents, which Burry’s hedge fund Scion Asset Management has to file quarterly with the US Securities and Exchange Commission, the investor liquidated almost its entire US portfolio in the third quarter: Burry sold 19 positions completely and, among other things, ended his allegedly unsuccessful bet against the Tesla share. Only three positions remained, and Burry also joined three companies.
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