'Big Short' Burry sells all but a single stock on dead cat bounce fears

$3.3m position in private prison group

Manager of Scion Asset Management Michael Burry, the hedge fund investor immortalised by Michael Lewis' The Big Short, has sold every position he owns except a single stake in a private prisons operator.

According to his fund's most recent 13-F filing (15 August), all that remains is a long position in GEO Group valued at $3.3m. How to invest in a recession This is a marked change from his 16 May disclosure, in which he revealed stakes in 12 firms including technology stocks Alphabet and Meta, media company Discovery and pharmaceutical group Bristol-Myers Squibb, alongside a single short position in Apple. Burry has been increasingly vocal in recent weeks about his unease with the current market recovery. Referencing "The Silliness", Burry has in several tweets pointed to dead c...