Michael Burry, known for his successful maneuver dubbed ‘The Big Short’ during the 2008 financial crisis, has maintained his status as a respected investor into the 2020s. His updates to the holdings of Scion Asset Management have continued to attract attention from the financial world.
In light of Burry’s esteemed reputation and ongoing activities in the stock market, Finbold conducted an analysis to determine the returns on a $1,000 investment in his top 5 holdings at the beginning of 2024 up to June.
Distributing $1,000 across Burry’s top five holdings while maintaining the overall portfolio balance would have involved investing $230 in the Chinese e-commerce giant JD.com (NASDAQ: JD). Since the start of 2024, JD.com has seen a 6.80% increase, resulting in a growth of $15.60 to a value of $245.64.
Similarly, $211 would have been allocated to Alibaba (NYSE: BABA) – Burry’s most-discussed current investment. With BABA experiencing a 0.40% decline since January 2, this portion of the portfolio would have decreased by just under $1 to $210.16 in June.
HCA Healthcare (NYSE: HCA) is Burry’s third-largest investment, with $196 invested at the beginning of the year. The stock has risen by 23.73% in 2024, leading to a growth of $46.50 and a total value of $242.50.
Burry also has a significant investment in the banking giant Citigroup (NYSE: C), with a hypothetical trader investing $184 in the stock. By June, the shares would be worth $210.86, showing a $26.86 increase due to a 14.59% rise in C stock this year.
Lastly, the Sprott Physical Gold Trust (PHYS) is Scion’s fifth-largest holding and would have received $179 of the $1,000 investment. With a 14.05% increase since January 2, the investment would have grown by $25.15 to reach $204.15 at the time of publication.
While not all of Burry’s top 5 holdings have shown positive returns in 2024, a hypothetical investment mirroring his holdings and preserving the portfolio balance would have appreciated by 11.33% by mid-June – from $1,000 to a total value of $1,113.31.
It is important to note that despite the reputation and prominence of ‘The Big Short’ investor, following his strategy would have resulted in lower returns compared to investing in an S&P 500 fund, which saw a 15.69% rise year-to-date (YTD).
