Michael Burrys TopPerforming Stock Achievements in H1 2024
Michael Burry’s investment in Alibaba has received a lot of attention over the past year. Many are interested in the lack of a major short position, especially after his controversial bet against the semiconductor industry. Additionally, traders have been closely watching to see if the investment in Alibaba will ever turn profitable for Burry, who is known for his role in “The Big Short.”
While Alibaba and JD.com have not performed well in 2024, Burry has had several major winners in his portfolio this year. One standout performer is RealReal Inc. The stock has surged 67% this year and currently stands at $3.31.
Despite being one of Burry’s smaller holdings, RealReal has made significant moves in the stock market. At the time of the latest 13-f filing, it accounted for only 5.3% of his portfolio’s total value. However, its strong growth in 2024 has helped boost its performance.
RealReal is an online marketplace that specializes in trading expert-authenticated luxury goods. It was founded in 2011 and had its initial public offering in June 2019. Despite its impressive growth this year, the stock is still 88.58% below its initial public price.
Burry initially purchased 684,442 shares of RealReal in the first quarter of 2023 when the stock was trading between $1.20 and $1.26. This means that his investment in RealReal is currently worth approximately $1.4 million more than what he initially paid.
Please note that investing in stocks carries risks, and the content of this article should not be considered investment advice.
