Michael Burry Scion Asset Management
Michael Burry is most famous for predicting the 2008 subprime mortgage crisis and profiting from it by taking a short position against mortgage-backed securities. He founded the hedge fund Scion Capital in 2000, which he ran until 2008, generating impressive returns for investors. Burry’s investment style centers on deep fundamental analysis, focusing on undervalued or overvalued companies and assets.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TLRD
Tailored Brands, Inc.
TLRD
|
+$6.17M |
| 2 |
Amgen
AMGN
|
+$5.94M |
| 3 |
Gentherm
THRM
|
+$1.9M |
| 4 |
HCA Healthcare
HCA
|
+$1.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$6.88M |
| 2 |
MW
THE MENS WAREHOUSE INC
MW
|
+$5.87M |
| 3 |
Chubb
CB
|
+$5.84M |
| 4 |
Community Health Systems
CYH
|
+$5.31M |
| 5 |
Citigroup
C
|
+$5.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 37.13% |
| 2 | Technology | 29.4% |
| 3 | Consumer Discretionary | 17.84% |
| 4 | Real Estate | 15.63% |
| 5 | Energy | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$5.12T
| $8.17M | 16% |
300,000
| – | – |
2015 Q4
1 quarter
|
|
2
NexPoint Residential Trust
NXRT
$488M
| $7.98M | 15.63% |
609,905
-60,895
| -9% | -$739K |
2015 Q4
1 quarter
|
|
|
3
HCA Healthcare
HCA
$101B
| $7.8M | 15.28% |
100,000
+25,000
| +33% | +$1.75M |
2015 Q4
1 quarter
|
|
|
TLRD
4
DELISTED
Tailored Brands, Inc.
TLRD
| $7.16M | 14.01% |
+400,000
| New | +$6.17M |
2016 Q1
0 quarters
|
|
5
First Solar
FSLR
$18.3B
| $6.85M | 13.4% |
100,000
| – | – |
2015 Q4
1 quarter
|
|
|
6
Amgen
AMGN
$240B
| $6M | 11.74% |
+40,000
| New | +$5.94M |
2016 Q1
0 quarters
|
|
7
DELISTED
Theravance Biopharma
TBPH
| $5.17M | 10.12% |
275,000
-161,626
| -37% | -$2.64M |
2015 Q4
1 quarter
|
|
|
8
Gentherm
THRM
$1.43B
| $1.96M | 3.83% |
+47,000
| New | +$1.9M |
2016 Q1
0 quarters
|
|
9
Bank of America
BAC
$353B
| – | – |
-300,000
| Closed | -$5.05M | – |
|
10
Bank of New York Mellon
BNY
$97.3B
| – | – |
-100,000
| Closed | -$4.12M | – |
|
|
11
Citigroup
C
$204B
| – | – |
-100,000
| Closed | -$5.18M | – |
|
|
12
Chubb
CB
$140B
| – | – |
-50,000
| Closed | -$5.84M | – |
|
|
13
Community Health Systems
CYH
$406M
| – | – |
-242,000
| Closed | -$5.31M | – |
|
|
14
IBM
IBM
$236B
| – | – |
-52,300
| Closed | -$6.88M | – |
|
15
PNC Financial Services
PNC
$89.2B
| – | – |
-40,000
| Closed | -$3.81M | – |
|
|
CCR
16
DELISTED
CONSOL Coal Resources LP
CCR
| – | – |
-256,345
| Closed | -$2.38M | – |
|
|
MW
17
DELISTED
THE MENS WAREHOUSE INC
MW
| – | – |
-400,000
| Closed | -$5.87M | – |
|
Similar funds
Michael Burry's Q1 2016 Portfolio in Review
As of Q1 2016, Michael Burry held 17 positions worth $51.1M, down 36% from $79.9M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Michael Burry withdrew a net $32.1M in Q1 2016, closing 9 positions and reducing 2 holdings. Its most notable exit was IBM, an estimated $6.88M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 37% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Michael Burry opened a new position in Tailored Brands, Inc. worth $7.16M.
- Michael Burry's largest Q1 2016 buy was Tailored Brands, Inc.: 400,000 shares worth $7.16M.
- Michael Burry added most to HCA Healthcare in Q1 2016, an estimated $1.75M increase.
- Michael Burry's biggest Q1 2016 reduction was Theravance Biopharma, cutting an estimated $2.64M.
- Michael Burry fully exited IBM in Q1 2016, selling an estimated $6.88M.
- Michael Burry's ten largest holdings make up 100% of its $51.1M portfolio in Q1 2016.
- Michael Burry opened 3 new positions and closed 9 in Q1 2016.
- Michael Burry's portfolio value fell 36% quarter-over-quarter to $51.1M.
Based on Scion Asset Management's 13F filing for Q1 2016, filed 16 May 2016.