---
title: "Top 3 Michael Burry Stock Picks to Watch in 2024"
description: "Michael Burry's recent 13-F filing reveals his top stock picks for 2024. Notably, he sold Sprott Physical Gold Trust, potentially indicating a bullish outlook on the dollar, while investing in Shift4 "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/212249577.md"
published_at: "2024-08-22T11:00:00.000Z"
---

# Top 3 Michael Burry Stock Picks to Watch in 2024

> Michael Burry's recent 13-F filing reveals his top stock picks for 2024. Notably, he sold Sprott Physical Gold Trust, potentially indicating a bullish outlook on the dollar, while investing in Shift4 Payments and Hudson Pacific Properties. Analysts project significant EPS growth for Shift4, driven by anticipated consumer activity, and signs of recovery in commercial real estate may benefit Hudson Pacific. These moves highlight Burry's strategic positioning as investors look to capitalize on emerging market trends amid changing economic conditions.

As the quarter winds down, investors can look at 13-F filings to determine what the best minds on Wall Street are planning for the coming months. The Securities and Exchange Commission (SEC) requires these filings whenever an individual investor or fund holds a significant enough stake in any given stock, so this is a regular filing for big players like Warren Buffett.

However, most retail investors can relate only so much to Buffett, as his cash holdings (upwards of $250 billion) are the size of many economies in small countries. So, for those with less buying power looking for a quicker investment play, other investors like Michael Burry (who called the 2008 financial crisis) might play a better role when in the early wealth-building stages.

Inside Burry’s recent 13-F filings, investors can find a few interesting plays to watch out for. His main selling name was a gold commodity play in **Sprott Physical Gold Trust NYSEARCA: PHYS**, which might not necessarily be a bearish view on gold prices but rather profit-taking after the metal reached an all-time high recently. His buys were found in consumer discretionary payments platform **Shift4 Payments Inc. NYSE: FOUR**, topped with a real estate play in **Hudson Pacific Properties Inc. NYSE: HPP**.

## **Sprott Physical Gold Trust Sale: Burry’s Bullish Move on the Dollar**

Selling out of a gold play like Sprott Physical Gold may not be a bearish view of the commodity; it could actually be a bullish view of the U.S. dollar. Why? Gold, like oil, is quoted in dollars, so expecting a stronger currency ahead could have directly conflicted with Burry's gold holdings.

There are other bull cases for gold, however. Analysts at Goldman Sachs expect the price of gold to reach up to $2,700 an ounce by the end of 2024, a view that could be backed by the return of inflation if the Fed actually cuts interest rates by the next quarter.

However, Burry is not alone in this view, as B. Riley Wealth Advisors also sold out of the stock as recently as August 2024. By cutting over 90% of their position in the stock, this wealth advisor is now entirely out of Sprott Physical Gold Trust stock, and others followed suit.

EP Wealth Advisors also sold out of their entire Sprott Physical Gold Trust stock in August 2024. This, combined with the $79 million in net institutional outflows from the stock over the past 12 months, shows a decline in investors' confidence, so maybe Burry is right this time as well.

## **Shift4 Payments Gains Burry’s Confidence: A Bet on Rising Consumer Activity**

Should the Fed cut interest rates as early as September 2024, as projected by the CME’s FedWatch tool, consumer activity could rebound to previous levels. This potential increase would likely benefit companies like Shift4 Payments, which facilitates transactions between products and consumers.

Once again, Burry is not alone in his choice; Wall Street analysts forecast up to 29.6% earnings per share (EPS) growth for the next 12 months in the stock, coming above competitors like **PayPal Holdings Inc. NASDAQ: PYPL**, which only have a forecast for 11.1% EPS growth in the next 12 months.

Of course, this helped those at DA Davidson land on a $104 price target for Shift4 Payments, calling for up to 30% upside from where the stock trades today. Facing this much bullish evidence even sent the bears running; short interest for Shift4 Payments declined by over 5% in the past month to show signs of bearish capitulation.

Even the CEO justified buying some of his stock, as a May 2024 transaction shows he bought up to $2.5 million in the company. There must also be a good reason for markets to pay a premium for this stock, as Shift4 Payments now trades at a price-to-book (P/B) multiple of 8.1x over the business sector’s average valuation of 4.2x.

## **Hudson Pacific Properties: Burry’s Bold Bet on a Real Estate Revival**

Most in the market are now aware of the painful state of commercial property, as remote work and hybrid settings are the new norm for most technology stocks in the United States. However, according to Hudson Pacific's investor presentation, that could soon have a new turn.

Up to 64% of CEOs now believe that work schedules will return to pre-pandemic attendance ratios by 2026. Furthermore, as of December 2023, the number of job postings for remote work on LinkedIn declined by 12% annually, which, of course, helps the rental income and valuations of office space.

Another document showing Hudson Pacific's main tenants by share would point investors in the right direction. **Alphabet Inc. NASDAQ: GOOGL** is the largest tenant, representing up to 10.2% of annualized rent. It is followed by **Amazon.com Inc. NASDAQ: AMZN**, which takes up 5.5%. **Netflix Inc. NASDAQ: NFLX** takes third place with a similar 5.1%.

Knowing that these properties' rental outlook is upbeat, Wall Street analysts now forecast 55.4% earnings per share (EPS) growth in the next 12 months, beating most real estate investment trusts (REITs). More than that, analysts landed on a consensus price target of $7.3 a share, calling for as much as 39.3% upside from where it trades today.

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### Related Stocks

- [FOUR.US - Shift4 Payments](https://longbridge.com/en/quote/FOUR.US.md)
- [HPP.US - Hudson Pacific Properties](https://longbridge.com/en/quote/HPP.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 評估 Shift4 Payments：8 位金融分析師的深度見解 | 在過去三個月中，8 位分析師對 Shift4 Payments（紐約證券交易所代碼：FOUR）進行了評級，顯示出看漲和看跌情緒的混合。12 個月的平均目標價為 87.5 美元，比之前的 102.57 美元下降了 14.69%。分析師們調整了 | [Link](https://longbridge.com/en/news/276342004.md) |
| Hudson Pacific Properties, Inc. $HPP 的股票被 Presima Securities ULC 出售 | Presima Securities ULC 在第三季度減少了對 Hudson Pacific Properties, Inc. (NYSE:HPP) 的持股比例，降幅為 25.8%，目前持有 4,019,543 股。這佔其投資組合的 3. | [Link](https://longbridge.com/en/news/276331484.md) |
| Shift4 Payments (FOUR) 獲得 D.A. Davidson 的買入評級 | D.A. Davidson 的分析師 Peter Heckmann 重申了對 Shift4 Payments (FOUR) 的買入評級，目標價為 104.00 美元。他的股票推薦平均回報率為 5.6%，成功率為 49.66%。此外，BTIG | [Link](https://longbridge.com/en/news/276449830.md) |
| 賈裏德·艾薩克曼在被 NASA 任命後辭去了 Shift4 Payments 執行主席的職務 | 賈裏德·艾薩克曼已辭去 Shift4 Payments Inc.的執行董事長職務，此前他被任命為美國國家航空航天局（NASA）的第 15 任局長。此公告由 Shift4 Payments Inc.發佈，並作為他們通過美國證券交易委員會的官方 | [Link](https://longbridge.com/en/news/275462862.md) |
| 早盤趨勢｜Shift4 Payments 承壓 61.5 美元，暴力反彈窗口要來了？ | Shift4 Payments（FOUR.US）本週可以稱得上是 “陰跌陰守”，1 月 28 日盤中又被空頭按住反覆測試 61.5 美元關口，支付科技板塊整體降温，市場風險偏好大減，大資金都愛打埋伏不輕舉妄動。 消息面沒有實質刺激，板塊龍頭 | [Link](https://longbridge.com/en/news/274040225.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
