Michael Burry, the famed investor behind “The Big Short,” is once again making waves on Wall Street. And this time, he’s not sounding the alarm on a looming crisis or betting against overvalued stocks. Instead, he’s placing a bullish, long-term wager on one of the most controversial and misunderstood stocks in America: Fannie Mae (FNMA).
In a recent post on his new Substack, Burry revealed that he likes FNMA and views it as a stock worth holding for at least three to five years, signaling unusually high conviction from an investor known for his contrarian instincts. His disclosure comes at a time when Fannie Mae and its sibling Freddie Mac (FMCC) have been thrust back into the spotlight amid growing speculation that President Donald Trump’s administration may move forward with a stake sale, a step that could mark the beginning of the end of more than 17 years of federal conservatorship. That has already sent FNMA shares soaring this year.
