Michael 'Big Short' Burry Is Teaching The Market A Lesson

May 18, 2023 4:12 AM ET, , , 47 Comments
The Asian Investor
29.52K Followers

Summary

  • Scion Asset Management, run by famed investor Michael Burry, submitted its 13-F report lately.
  • The investment company heavily bought into battered U.S. regional bank stocks.
  • 13-F disclosures can tell investors where the smart money flows.

"The Big Short" New York Premiere - Outside Arrivals

Astrid Stawiarz

Famed investor Michael Burry, who has risen to notoriety after making timely and shrewd bets on the housing market before an unprecedented crash decimated the industry in 2007, loaded up on regional bank stocks like Western Alliance Bancorporation (

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of WAL, PACW, USB, CMA, COF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Related Stocks

SymbolLast Price% Chg
HBAN--
Huntington Bancshares Incorporated
FLG--
Flagstar Financial, Inc.
PACW--
Banc of California, Inc.
WAL--
Western Alliance Bancorporation

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