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 |
Alphabet (Google) Class C
GOOG
|
+$10.8M |
| 2 |
NPTN
NEOPHOTONICS CORP
NPTN
|
+$3.27M |
| 3 |
Theravance Biopharma
TBPH
|
+$1.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$8.17M |
| 2 |
TLRD
Tailored Brands, Inc.
TLRD
|
+$7.16M |
| 3 |
First Solar
FSLR
|
+$6.85M |
| 4 |
Gentherm
THRM
|
+$1.96M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 46.51% |
| 2 | Real Estate | 24.39% |
| 3 | Communication Services | 22.82% |
| 4 | Technology | 6.28% |
| 5 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
NexPoint Residential Trust
NXRT
$458M
| $11.1M | 24.39% |
609,905
| – | – |
2015 Q4
2 quarters
|
|
|
2
Alphabet (Google) Class C
GOOG
$4.16T
| $10.4M | 22.82% |
+300,000
| New | +$10.8M |
2016 Q2
0 quarters
|
|
3
HCA Healthcare
HCA
$98.5B
| $7.7M | 16.92% |
100,000
| – | – |
2015 Q4
2 quarters
|
|
|
4
DELISTED
Theravance Biopharma
TBPH
| $7.37M | 16.21% |
325,000
+50,000
| +18% | +$1.08M |
2015 Q4
2 quarters
|
|
5
Amgen
AMGN
$230B
| $6.09M | 13.38% |
40,000
| – | – |
2016 Q1
1 quarter
|
|
|
NPTN
6
DELISTED
NEOPHOTONICS CORP
NPTN
| $2.86M | 6.28% |
+300,000
| New | +$3.27M |
2016 Q2
0 quarters
|
|
|
7
Apple
AAPL
$5T
| – | – |
-300,000
| Closed | -$8.17M | – |
|
|
8
First Solar
FSLR
$18.5B
| – | – |
-100,000
| Closed | -$6.85M | – |
|
|
9
Gentherm
THRM
$1.56B
| – | – |
-47,000
| Closed | -$1.96M | – |
|
|
TLRD
10
DELISTED
Tailored Brands, Inc.
TLRD
| – | – |
-400,000
| Closed | -$7.16M | – |
|
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Michael Burry's Q2 2016 Portfolio in Review
As of Q2 2016, Michael Burry held 10 positions worth $45.5M, down 11% from $51.1M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Michael Burry withdrew a net $9.02M in Q2 2016, closing 4 positions. Its most notable exit was Apple, an estimated $8.17M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 47% of assets, up from 37% a quarter earlier, followed by Real Estate and Communication Services.
Against the trend, Michael Burry opened a new position in Alphabet (Google) Class C worth $10.4M.
- Michael Burry's largest Q2 2016 buy was Alphabet (Google) Class C: 300,000 shares worth $10.4M.
- Michael Burry added most to Theravance Biopharma in Q2 2016, an estimated $1.08M increase.
- Michael Burry fully exited Apple in Q2 2016, selling an estimated $8.17M.
- Michael Burry's ten largest holdings make up 100% of its $45.5M portfolio in Q2 2016.
- Michael Burry opened 2 new positions and closed 4 in Q2 2016.
- Michael Burry's portfolio value fell 11% quarter-over-quarter to $45.5M.
Based on Scion Asset Management's 13F filing for Q2 2016, filed 15 Aug 2016.