Scion Asset Management Makes Strategic Moves in Alphabet, Amazon, and Gold ETF Investments
Wednesday, 15 May 2024, 21:13
Scion Asset Management's Investment Decisions
Michael Burry's Scion Asset Management recently made strategic moves in its investment portfolio by selling off holdings in Alphabet Inc. and Amazon.com Inc. and purchasing shares of a gold exchange-traded fund (ETF). These decisions highlight a shift towards alternative assets and a hedge against market volatility.
Key Changes in the Portfolio
- Sold off: Positions in Alphabet Inc. and Amazon.com Inc.
- Acquired: Shares of a gold ETF
The move reflects a cautious approach towards traditional tech investments and a growing interest in diversifying into tangible assets, particularly gold.
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