'Big Short' Investor Michael Burry Isn't Shorting Bank Stocks, He's Buying Them By The Heap - Scion Capital 13F
- 11 months ago
Famed “Big Short” investor Michael Burry made some changes to his portfolio, signaling a newfound interest in banking stocks amid the regional banking crisis, according to Scion Capital's latest 13F filings.
The renowned investor, known for profiting from the subprime mortgage crisis in 2008, opened up positions in First Republic Bank, Western Alliance Bancorporation (NYSE:WAL), PacWest Bancorp (NYSE:PACW), Wells Fargo & Co (NYSE:WFC), and New York Community Bancorp, Inc. (NYSE:NYCB).
The Scion Capital investor also made significant additions to Alibaba Group Group Holdings Ltd – ADR (NYSE:BABA) and JD.Com Inc (NASDAQ:JD), with the latter becoming his largest position. That investment in two of China’s largest e-commerce companies suggests Burry is bullish on China’s tech industry despite regulatory uncertainties.
The renowned investor, known for profiting from the subprime mortgage crisis in 2008, opened up positions in First Republic Bank, Western Alliance Bancorporation (NYSE:WAL), PacWest Bancorp (NYSE:PACW), Wells Fargo & Co (NYSE:WFC), and New York Community Bancorp, Inc. (NYSE:NYCB).
The Scion Capital investor also made significant additions to Alibaba Group Group Holdings Ltd – ADR (NYSE:BABA) and JD.Com Inc (NASDAQ:JD), with the latter becoming his largest position. That investment in two of China’s largest e-commerce companies suggests Burry is bullish on China’s tech industry despite regulatory uncertainties.