Insight into the Latest 13F Filing Reveals Significant Portfolio Adjustments
Michael Burry (Trades, Portfolio), the renowned investor famous for his predictive move on the subprime mortgage crisis, has made notable changes to his investment portfolio in the third quarter of 2024. Known for his value investing approach, Burry's recent 13F filing sheds light on his strategic decisions during a volatile market period.
Summary of New Buys
During the third quarter, Michael Burry (Trades, Portfolio) initiated positions in several companies, reflecting his ongoing strategy to capitalize on undervalued assets. The details of these new acquisitions remain crucial for understanding the shifts in his investment focus.
Key Position Increases
Michael Burry (Trades, Portfolio) also increased stakes in a total of 6 stocks, among them:
- The most notable increase was JD.com Inc (JD, Financial), with an additional 250,000 shares, bringing the total to 500,000 shares. This adjustment represents a significant 100% increase in share count, a 7.71% impact on the current portfolio, and a total value of $20,000,000.
- The second largest increase was Baidu Inc (BIDU, Financial), with an additional 50,000 shares, bringing the total to 125,000. This adjustment represents a significant 66.67% increase in share count, and a total value of $13,161,250.
Summary of Sold Out Positions
Michael Burry (Trades, Portfolio) completely exited 2 of his holdings in the third quarter of 2024, as detailed below:
- Hudson Pacific Properties Inc (HPP, Financial): Michael Burry (Trades, Portfolio) sold all 1,144,435 shares, resulting in a -10.49% impact on the portfolio.
- BioAtla Inc (BCAB, Financial): Michael Burry (Trades, Portfolio) liquidated all 633,959 shares, causing a -1.65% impact on the portfolio.
Key Position Reductions
Michael Burry (Trades, Portfolio) also reduced positions in 2 stocks. The most significant changes include:
- Reduced American Coastal Insurance Corp (ACIC, Financial) by 151,892 shares, resulting in a -60.3% decrease in shares and a -3.05% impact on the portfolio. The stock traded at an average price of $11.17 during the quarter and has returned 14.50% over the past 3 months and 35.68% year-to-date.
- Reduced The RealReal Inc (REAL, Financial) by 500,000 shares, resulting in a -50% reduction in shares and a -3.04% impact on the portfolio. The stock traded at an average price of $3.01 during the quarter and has returned 52.11% over the past 3 months and 97.51% year-to-date.
Portfolio Overview
At the end of the third quarter of 2024, Michael Burry (Trades, Portfolio)'s portfolio included 11 stocks. The top holdings included 16.36% in Alibaba Group Holding Ltd (BABA, Financial), 15.41% in JD.com Inc (JD, Financial), 10.24% in Shift4 Payments Inc (FOUR, Financial), 10.14% in Baidu Inc (BIDU, Financial), and 7.97% in Molina Healthcare Inc (MOH, Financial). The holdings are mainly concentrated in 5 of all the 11 industries: Consumer Cyclical, Technology, Communication Services, Healthcare, Financial Services.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
