The Big Short Cuts His Exposure

This is the third installment since Michael Burry came back to the public spotlight with his hedge fund holdings. Installment 1 is here, installment 2 is here.

Burry, the star of Michael Lewis’ book The Big Short has significantly cut his exposure, selling off his largest holdings and now holding just six stocks.

NexPoint Residential ($NXRT) remains the largest holding (a quarter of his portfolio), but his new purchase of Google ($GOOG) is also almost a quarter of the fund.

He kept his HCA ($HCCA) and Amen ($AMGN) positions consistent but did add nearly 20% to Theravance ($TBPH). Added a small position in NeoPhotonics ($NPTN).

He sold his entire stake in Apple ($AAPL), Tailored Brands ($TLRD), First Solar ($FSLR) and Gentherm ($THRM).

P.S. Our 2Q Activist Investing Quarterly Newsletter will go out this week.