Star investor Mike Burry has invested in Bristol-Myers Squibb – the market leader in oncology.
(Photo: obs/Amgen GmbH)
Dusseldorf Star investor Mike Burry has radically restructured his portfolio for the second quarter in a row. After he had completely liquidated 19 of his 22 positions in autumn and reduced his portfolio to six titles, he now sold four more positions completely and built up four new ones in their place. This emerges from documents from Burry’s hedge fund Scion Asset Management, which it has to submit to the US Securities and Exchange Commission on a quarterly basis.
The documents were released on Monday evening. Since this always happens with a delay of six weeks, they reflect the status as of December 31st.
Burry once rose to fame for predicting the 2007 financial crisis and successfully betting against the sizzling US housing market. The events were later filmed in the Hollywood film “The Big Short”. Accordingly, investors follow changes in his portfolio. Following are the four new positions in his depot.
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