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 |
Coty
COTY
|
+$14.5M |
| 2 |
TWNK
Hostess Brands, Inc. Class A Common Stock
TWNK
|
+$3.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NexPoint Residential Trust
NXRT
|
+$11.1M |
| 2 |
Theravance Biopharma
TBPH
|
+$7.37M |
| 3 |
Amgen
AMGN
|
+$6.09M |
| 4 |
NPTN
NEOPHOTONICS CORP
NPTN
|
+$2.86M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 45.68% |
| 2 | Communication Services | 32.95% |
| 3 | Healthcare | 21.37% |
| 4 | Real Estate | 0% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Coty
COTY
$2.84B
| $12.9M | 36.52% |
+550,000
| New | +$14.5M |
2016 Q3
0 quarters
|
|
2
Alphabet (Google) Class C
GOOG
$4.11T
| $11.7M | 32.95% |
300,000
| – | – |
2016 Q2
1 quarter
|
|
3
HCA Healthcare
HCA
$101B
| $7.56M | 21.37% |
100,000
| – | – |
2015 Q4
3 quarters
|
|
|
TWNK
4
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $3.24M | 9.16% |
+300,000
| New | +$3.19M |
2016 Q3
0 quarters
|
|
|
5
Amgen
AMGN
$237B
| – | – |
-40,000
| Closed | -$6.09M | – |
|
|
6
NexPoint Residential Trust
NXRT
$473M
| – | – |
-609,905
| Closed | -$11.1M | – |
|
|
7
DELISTED
Theravance Biopharma
TBPH
| – | – |
-325,000
| Closed | -$7.37M | – |
|
|
NPTN
8
DELISTED
NEOPHOTONICS CORP
NPTN
| – | – |
-300,000
| Closed | -$2.86M | – |
|
Similar funds
Michael Burry's Q3 2016 Portfolio in Review
As of Q3 2016, Michael Burry held 8 positions worth $35.4M, down 22% from $45.5M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Michael Burry withdrew a net $9.7M in Q3 2016, closing 4 positions. Its most notable exit was NexPoint Residential Trust, an estimated $11.1M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 46% of assets, followed by Communication Services and Healthcare.
Against the trend, Michael Burry opened a new position in Coty worth $12.9M.
- Michael Burry's largest Q3 2016 buy was Coty: 550,000 shares worth $12.9M.
- Michael Burry fully exited NexPoint Residential Trust in Q3 2016, selling an estimated $11.1M.
- Michael Burry's ten largest holdings make up 100% of its $35.4M portfolio in Q3 2016.
- Michael Burry opened 2 new positions and closed 4 in Q3 2016.
- Michael Burry's portfolio value fell 22% quarter-over-quarter to $35.4M.
Based on Scion Asset Management's 13F filing for Q3 2016, filed 14 Nov 2016.