Legendary investor Michael Burry, known for foreseeing the 2008 market crash with uncanny accuracy, made a stunning comeback to the financial spotlight in August.
Burry's most recent move has shocked the financial community, sparking discussions and speculations about the future of the market.
How is Burry’s ‘Big Short’ performing so far?
Michael Burry's most recent 'Big Short' hasn't yet proven whether the investor's forecasting skills are still as effective as they were 15 years ago, in contrast to the last one.
Gurgavin, an X.com trader, calculated that Burry is down about 42% on his $1.6 billion short, assuming he is still holding the options contracts. The number is a little lower than the 50% announced earlier this month, though.
“Michael Burry is now only down 42% on his “$1.6 billion” S&P 500 and Nasdaq short if he is still holding it.”
– Gurgavin said.
When disclosures revealed that the holdings had taken up more than 90% of his total portfolio, Burry's short was made public in the middle of August. It is crucial to stress that it is still unclear whether Burry still maintains these short positions because no new regulatory filings have been made public at that time.
Other Burry’s stock holdings
In addition to the two short positions, Burry also owns shares of Expedia Group (NASDAQ: EXPE), Charter Communications (NASDAQ: CHTR), Generac Holdings (NYSE: GNRC), and Cigna Corp. (NYSE: CI).
However, according to August filings, the investor's top 8 holdings, which exclude S&P 500 and Nasdaq options, represent less than 1% of his current portfolio and have a nominal value of over $60,000 combined.
However, the majority of these equities have generated gains this year, returning between 20% and 30% so far.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
