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Michael James Burry (/ ˈ b ɜːr i /; born June 19, 1971) [2] is an American investor and hedge fund manager. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments.
QQQM, for instance, offers a lower share price than QQQ and is marketed towards retail investors, as opposed to institutional investors. [6] In July 2023, the fund had $5.3 billion in inflows. [7] Scion Asset Management, the investment firm run by Michael Burry, established a bet against the performance of QQQ in August 2023. [8]
In 2000, Gotham Capital helped Michael Burry create his hedge fund Scion Capital by buying 25% of its capital for one million dollars after taxes. [9] In October 2006, Gotham's investment in the funds managed by Scion amounted to $100 million. [9] Gotham exited its investments both in the managed funds by Scion Capital and as a shareholder. [9]
The original Silicon Investor logo (1995-2012) Silicon Investor was launched on August 8, 1995, just a day before Netscape went public. [1] It was founded in Cupertino, California by two brothers, Jeff and Brad Dryer. [2]
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The letter also revealed that Scion owned approximately 2,750,000 shares, or about 3.05% of GameStop. The stock price of GameStop, which had been in steady decline in share price since late January 2019, spiked roughly 20% after Burry revealed that he was buying the stock in an interview with Barron's.
The following is a list of publicly traded companies having the greatest market capitalization, sometimes described as their "market value": [1]. Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day.
Every day an individual stock's price changes and thereby changes a stock index's value. The impact that individual stock's price change has on the index is proportional to the company's overall market value (the share price multiplied by the number of outstanding shares), in a capitalization-weighted index.