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 |
GameStop
GME
|
+$13M |
| 2 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$7.24M |
| 3 |
TLRD
Tailored Brands, Inc.
TLRD
|
+$5.19M |
| 4 |
Canadian Natural Resources
CNQ
|
+$3.8M |
| 5 |
NVTR
Nuvectra Corporation Common Stock
NVTR
|
+$379K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Digital
WDC
|
+$11.9M |
| 2 |
Cleveland-Cliffs
CLF
|
+$11.7M |
| 3 |
FedEx
FDX
|
+$9.9M |
| 4 |
Cardinal Health
CAH
|
+$9.42M |
| 5 |
Alibaba
BABA
|
+$8.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 76.5% |
| 2 | Communication Services | 16.36% |
| 3 | Energy | 6.7% |
| 4 | Healthcare | 0.44% |
| 5 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
GameStop
GME
$12.9B
| $16.6M | 27.78% |
+12,000,000
| New | +$13M |
2019 Q3
0 quarters
|
|
|
TLRD
2
DELISTED
Tailored Brands, Inc.
TLRD
| $12.6M | 21.22% |
2,875,000
+1,025,000
| +55% | +$5.19M |
2018 Q4
3 quarters
|
|
3
Alphabet (Google) Class C
GOOG
$3.63T
| $9.8M | 16.36% |
160,000
-20,000
| -11% | -$1.18M |
2019 Q2
1 quarter
|
|
4
Sportsman's Warehouse
SPWH
$47.4M
| $8.42M | 14.12% |
1,625,000
+27,989
| +2% | +$120K |
2018 Q4
3 quarters
|
|
|
BBBY
5
DELISTED
Bed Bath & Beyond Inc
BBBY
| $7.98M | 13.39% |
+750,000
| New | +$7.24M |
2019 Q3
0 quarters
|
|
|
6
Canadian Natural Resources
CNQ
$100B
| $4M | 6.7% |
+306,300
| New | +$3.8M |
2019 Q3
0 quarters
|
|
|
NVTR
7
DELISTED
Nuvectra Corporation Common Stock
NVTR
| $263K | 0.44% |
+193,491
| New | +$379K |
2019 Q3
0 quarters
|
|
|
8
Alibaba
BABA
$235B
| – | – |
-50,000
| Closed | -$8.47M | – |
|
|
9
Cardinal Health
CAH
$64.3B
| – | – |
-200,000
| Closed | -$9.42M | – |
|
|
10
Cleveland-Cliffs
CLF
$7.46B
| – | – |
-1,100,000
| Closed | -$11.7M | – |
|
11
Walt Disney
DIS
$204B
| – | – |
-60,000
| Closed | -$8.38M | – |
|
|
12
FedEx
FDX
$74.8B
| – | – |
-60,000
| Closed | -$9.9M | – |
|
|
13
Western Digital
WDC
$116B
| – | – |
-330,750
| Closed | -$11.9M | – |
|
|
GSKY
14
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| – | – |
-600,000
| Closed | -$7.37M | – |
|
Similar funds
Michael Burry's Q3 2019 Portfolio in Review
As of Q3 2019, Michael Burry held 14 positions worth $59.6M, down 36% from $93.6M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Michael Burry withdrew a net $38.6M in Q3 2019, closing 7 positions and reducing 1 holding. Its most notable exit was Western Digital, an estimated $11.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 77% of assets, up from 27% a quarter earlier, followed by Communication Services and Energy.
Against the trend, Michael Burry opened a new position in GameStop worth $16.6M.
- Michael Burry's largest Q3 2019 buy was GameStop: 12,000,000 shares worth $16.6M.
- Michael Burry added most to Tailored Brands, Inc. in Q3 2019, an estimated $5.19M increase.
- Michael Burry's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $1.18M.
- Michael Burry fully exited Western Digital in Q3 2019, selling an estimated $11.9M.
- Michael Burry's ten largest holdings make up 100% of its $59.6M portfolio in Q3 2019.
- Michael Burry opened 4 new positions and closed 7 in Q3 2019.
- Michael Burry's portfolio value fell 36% quarter-over-quarter to $59.6M.
Based on Scion Asset Management's 13F filing for Q3 2019, filed 14 Nov 2019.