Michael Burry’s investment in Alibaba has been widely discussed for about a year. The attention has been focused on this investment due to several reasons, including the absence of a major short position and the fact that it has mostly remained unprofitable. However, Burry’s portfolio also includes other successful investments, with one standout performer being RealReal Inc.
RealReal, although one of the smallest holdings in Burry’s portfolio, has experienced significant growth in 2024. Its stock has risen by as much as 67.51% year-to-date, currently standing at $3.31. Despite this impressive growth, the stock is still 88.58% below its initial public price of $28.90.
RealReal is an online marketplace that specializes in trading authenticated luxury goods. It was founded in 2011 and went public in June 2019. Burry purchased his first batch of RealReal shares in the first quarter of 2023 when the stock was trading between $1.20 and $1.26. This means that he has made a profit of approximately $1.4 million on his original investment.
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