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.

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david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasDavid Einhorn's Greenlight Capital funds returned 5.9% in the third quarter of 2020, compared to a gain of 8.9% for the S&P 500 in the same period. This year has been particularly challenging for value investors. Growth stocks have surged as value has struggled. For Greenlight, one of Wall Street's most established value-focused investment funds, Read More

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.