Dr Michael Burry of “The Big Short” fame is a genius iconoclast investor who accurately predicted the real estate market crash back in 2008 when very few saw it coming. After time away from private equity (and leaving Scion Capital) he resumed in 2015 with a new firm he founded called Scion Asset Management. It’s always interesting to see what someone of that brilliant mindset is thinking about for investing. Here are his top 5 holdings from 2015 and how their returns have been in the past five years (and note he divested from some of them):
First Solar (FSLR) +28%
IBM (IBM) –9%
Theravance (TBPH) +18%
Apple (APPL) +358%
NexPoint (NXRT) +269%
“I try to buy shares of unpopular companies when they look like road kill and sell them when they’ve been polished up a bit.” –Michael Burry