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 |
FedEx
FDX
|
+$10.5M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$10.4M |
| 3 |
Cardinal Health
CAH
|
+$9.23M |
| 4 |
Alibaba
BABA
|
+$8.63M |
| 5 |
TLRD
Tailored Brands, Inc.
TLRD
|
+$6.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JD.com
JD
|
+$9.04M |
| 2 |
Five Point Holdings
FPH
|
+$8.93M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$8.83M |
| 4 |
AABA
Altaba Inc
AABA
|
+$7.78M |
| 5 |
Meta Platforms (Facebook)
META
|
+$7.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 26.92% |
| 2 | Communication Services | 19.35% |
| 3 | Industrials | 18.41% |
| 4 | Technology | 12.71% |
| 5 | Materials | 12.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Western Digital
WDC
$137B
| $11.9M | 12.71% |
330,750
+132,300
| +67% | +$4.53M |
2018 Q4
2 quarters
|
|
2
Cleveland-Cliffs
CLF
$8.13B
| $11.7M | 12.54% |
1,100,000
+350,000
| +47% | +$3.45M |
2018 Q4
2 quarters
|
|
|
TLRD
3
DELISTED
Tailored Brands, Inc.
TLRD
| $10.7M | 11.41% |
1,850,000
+980,800
| +113% | +$6.8M |
2018 Q4
2 quarters
|
|
|
4
FedEx
FDX
$73.4B
| $9.9M | 10.53% |
+60,000
| New | +$10.5M |
2019 Q2
0 quarters
|
|
|
5
Alphabet (Google) Class C
GOOG
$3.42T
| $9.7M | 10.4% |
+180,000
| New | +$10.4M |
2019 Q2
0 quarters
|
|
|
6
Cardinal Health
CAH
$58B
| $9.42M | 10.07% |
+200,000
| New | +$9.23M |
2019 Q2
0 quarters
|
|
|
7
Alibaba
BABA
$244B
| $8.47M | 9.06% |
+50,000
| New | +$8.63M |
2019 Q2
0 quarters
|
|
8
Walt Disney
DIS
$192B
| $8.38M | 8.95% |
60,000
-10,000
| -14% | -$1.33M |
2018 Q4
2 quarters
|
|
|
GSKY
9
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $7.37M | 7.88% |
600,000
+327,979
| +121% | +$4.29M |
2019 Q1
1 quarter
|
|
10
Sportsman's Warehouse
SPWH
$41.5M
| $6.04M | 6.45% |
1,597,011
+346,892
| +28% | +$1.48M |
2018 Q4
2 quarters
|
|
|
11
Five Point Holdings
FPH
$301M
| – | – |
-1,238,381
| Closed | -$8.93M | – |
|
12
GameStop
GME
$12.2B
| – | – |
-2,600,000
| Closed | -$6.6M | – |
|
|
13
Alphabet (Google) Class A
GOOGL
$3.44T
| – | – |
-150,000
| Closed | -$8.83M | – |
|
|
14
JD.com
JD
$34.7B
| – | – |
-300,000
| Closed | -$9.04M | – |
|
|
15
Meta Platforms (Facebook)
META
$1.6T
| – | – |
-45,000
| Closed | -$7.5M | – |
|
16
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| – | – |
-106,232
| Closed | -$3.34M | – |
|
|
CPLG
17
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
| – | – |
-657,600
| Closed | -$7.34M | – |
|
|
AABA
18
DELISTED
Altaba Inc
AABA
| – | – |
-105,000
| Closed | -$7.78M | – |
|
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Michael Burry's Q2 2019 Portfolio in Review
As of Q2 2019, Michael Burry held 18 positions worth $93.6M, down 4.7% from $98.2M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Michael Burry's Q2 2019 filing shows 4 new, 5 increased, 1 reduced and 8 closed positions. Its largest new stake was FedEx: 60,000 shares worth $9.9M. The largest sale was JD.com, an estimated $9.04M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, down from 29% a quarter earlier, followed by Communication Services and Industrials.
- Michael Burry's largest Q2 2019 buy was FedEx: 60,000 shares worth $9.9M.
- Michael Burry added most to Tailored Brands, Inc. in Q2 2019, an estimated $6.8M increase.
- Michael Burry's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $1.33M.
- Michael Burry fully exited JD.com in Q2 2019, selling an estimated $9.04M.
- Michael Burry's ten largest holdings make up 100% of its $93.6M portfolio in Q2 2019.
- Michael Burry opened 4 new positions and closed 8 in Q2 2019.
- Michael Burry's portfolio value fell 4.7% quarter-over-quarter to $93.6M.
Based on Scion Asset Management's 13F filing for Q2 2019, filed 14 Aug 2019.