Trade Trackers

Trade Trackers

Share this post

Trade Trackers
Trade Trackers
Michael Burry Bought An Obscure Bank 🏦
Copy link
Facebook
Email
Notes
More

Michael Burry Bought An Obscure Bank 🏦

Autopilot's avatar
Autopilot
Jun 01, 2023
∙ Paid
13

Share this post

Trade Trackers
Trade Trackers
Michael Burry Bought An Obscure Bank 🏦
Copy link
Facebook
Email
Notes
More
Share

Michael Burry took some heat the past week when he filed his new 13F filing that showed he purchased a number of failed banks.

Anyone who has been reading this newsletter over the past month shouldn’t have been surprised that Burry bought banks as we hinted that they looked attractive and was the typical deep value industry that Burry tends to invest in. He also actively tweeted about it months ago.

The two names that everyone was talking about in the 13F filing were the purchases of First Republic (now failed) and PacWest (PACW) that is on the verge of going into FDIC receivership.

However, there was one obscure bank that Burry bought that no one has really talked about.

Today we are going to dig into this bank and figure out what made this bank so attractive for Burry to invest millions in the name.

Keep reading with a 7-day free trial

Subscribe to Trade Trackers to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Autopilot
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More