On Wednesday, June 3, Michael Burry weighed in on where he stood. On WhaleWisdom it's his 3rd largest position following GOOGL (CALL) and CVS (CALL).. Now, a guy like Michael Burry thinks the opposite, and if you remember, this is my bad, back here I think the stock was worth around $4.50 or $5.00, it was really, really cheap. Burry has now repurchased GME at lower prices. However, he has re-established a stake in the company as shares plunged, now owning around 3.05% of the company with approximately … GME closed 2018 at $12.20. That represented 6.54% of the fund’s portfolio, Scion’s 9th largest position. GME stock could be another success story for Burry. : ‘Big Short’ investor Michael Burry warns stimulus may stoke inflation. In Q3 2020, Michael Burry of The Big Short fame who also famously began investing in Gamestop around $4/share, purchased 900,000 shares of Lumen, formerly Centurylink. Gamestop Corp. came onto a lot of investors' radars thanks to Dr. Michael Burry's August 2019 announcement that he was long the struggling video game retailer.Burry enjoys a wide following within the investment community thanks in large part to his starring role in Michael Lewis's book the "The Big Short," which chronicled the lone wolf hedge fund manager's winning bet against … 19h marketwatch.com - 6 - The fund manager who famously spotted the mortgage crisis ahead of time — and invested in GameStop GME, -0.25% long before the videogames retailer became a worldwide sensation — now says the U.S. government is inviting inflation. Michael Burry attends the premiere of "The Big Short" at Ziegfeld Theatre on November 23, 2015, in New York City. As of that date, Burry's Scion owned some 2.75 million GameStop shares, or 4.26% of shares outstanding. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. His Scion Asset Management 13F filings reveal that he was long on GameStop stock … This is not Scion’s first go round with GameStop. Michael Burry, the hedge fund ... it bought 5.3% of ailing video game retailer GameStop GME at between $2 and $4.2 a share, spending about $15 million in total. During that time, the stock roughly traded between $9 and $11/share. I actually saw Burry tweet this on Twitter, which is where you tweet, unless you’re a bird, that he thought the company was grossly undervalued. I've been digging into understanding Burry's position on GME. (Getty Images) When Burry was building his position this spring, GameStop was merely at $2.57 a share. I came across an interesting nugget -it seems GME is actually Burry's largest position because apparently 13-F filings don't report the market value of options correctly. It dropped below $9/share shortly thereafter in … In the hedge fund’s Q4 2018 report — it’s first in two years — Burry disclosed a 536,862 position in GME. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Michael J. Burry of the ‘The Big Short’, and former GameStop investor, has put out a tweet seemingly condoning the price action on GameStop Corp. shares. While Burry is said to have sold his remaining GME position long ago, we appreciate what he …
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