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Michael Burry, best known for calling the subprime mortgage crisis, added several new stocks in the fourth quarter, including some leading tech names Amazon and Alphabet , according to a new regulatory filing. Burry’s hedge fund, Scion Asset Management, built new stakes in HCA Healthcare , Oracle , Citigroup and CVS Health , which were worth about $5 million each at the end of the fourth quarter and were among his top holdings. The 52-year-old’s new Amazon and Alphabet positions were worth more than $4 million each at the end of 2023. The two are among the so-called “Magnificent 7″ group that led the market rally since last year. Amazon has gained another 11% this year, while Alphabet has climbed a more modest 3%. Meanwhile, Burry significantly added to his Alibaba and JD.com holdings, making them his biggest two bets at the end of December. Burry closed out a likely losing short bet against semiconductor stocks last quarter. During the third quarter , he had bought puts against 100,000 shares in the iShares Semiconductor ETF (SOXX). The chip ETF fund was up nearly 22% in the fourth quarter. The timing of Burry’s was unclear. During the fourth quarter, Burry also added small positions in MGM Resorts , Advance Auto Parts , Warner Bros. Discovery , Vital Energy , Block , Toast , Big Lots , American Coastal , Mettler-Toledo , Bruker and GEN Restaurant Group . Burry shot to fame by betting against mortgage securities before the 2008 Global Financial Crisis and was later depicted in Michael Lewis’ book ” The Big Short ” and the subsequent Oscar-winning movie of the same name. The latest SEC filing from Scion Asset reflects Burry’s holdings as of the end of December.
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