Ex Billionaire Michael Burry Dumps His Entire Portfolio Except For This Stock

Big Short” fund manager dumps most of his portfolio for this company.

Scion Asset Management fund manager Michael Burry dumped dozens of his stocks for a new stake in prison company Geo Group Inc.

[{"selector":"#anim-93b98bf9-3172-40bd-a1db-858b7f0db314","keyframes":{"transform":["translate3d(-95.46436%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1d96c87b-7c52-4763-a761-b0fda1da54cb","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a4360c5-8a49-45d0-ae69-7f507be153b6","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

At current prices, Burry's position is worth approximately $3.9 million.

[{"selector":"#anim-a0c53528-23b6-4fb5-b3a3-0f27ea34cacd","keyframes":{"transform":["translate3d(-95.46436%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a1ea353d-1e7b-4555-a7ee-f9f374a9dcb0","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b26eb668-2f6e-4fef-acf2-9b3b6a5ff331","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Burry also sold a stake in Facebook parent Meta Platforms worth $12.9 million at the end of the quarter.

[{"selector":"#anim-ed62e72e-ce09-4919-875a-2b56be6a3789","keyframes":{"transform":["translate3d(-95.46436%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9fc1a989-2ba4-40f2-8f83-e3a698cc8230","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d5577d92-cc9e-4477-a0f6-d9786f36f04b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Michael Burry suggested on Twitter on Sunday that the 18% gain in the tech-heavy Nasdaq Composite Index since the start of the third quarter is likely to reverse.

[{"selector":"#anim-7b944709-4f58-451b-b7eb-498adb9ae128","keyframes":{"transform":["translate3d(-95.46436%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-670b2fe2-d03e-4b81-bdf8-dbb5a832c0b5","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e3a9cb56-a8fb-46f6-b270-07da349fd94e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Burry also revealed a $19.7 million stake in Cigna Corp, and a $23.1 million stake in Bristol-Myers Squibb Co.

[{"selector":"#anim-098fe291-8500-4a8c-bbb0-14c902743701","keyframes":{"transform":["translate3d(-95.46436%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2fd8aebc-6137-454f-852b-160ce91c847f","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-312f7e00-2018-43db-8000-8757e107dcb6","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Burry had earlier said that the crypto decline is only half done.

[{"selector":"#anim-52290381-2a35-4a04-a5eb-c0c183b4fec0","keyframes":{"transform":["translate3d(-94.38445%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04831ef5-61c6-4c5c-b304-2810382cf8d9","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-39385f76-da5f-44c7-ae71-068a4836bab0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Michael Burry is known for predicting the 2008 Housing Crisis and making billions out of it.

[{"selector":"#anim-7ea933ae-ed42-401b-98fb-c57a65f57cbb","keyframes":{"transform":["translate3d(-95.46436%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ec3f69ae-acf3-4bd2-b176-b3c50cbf380b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be208f23-90e8-49a6-9ad9-c0cbd9562d79","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-b2f9a789-99fe-498d-b454-fee83a7ba24d","keyframes":{"transform":["translate3d(230.35720%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-f6617c5b-f500-4654-a149-b306f26c1ea0","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]