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 |
The GEO Group
GEO
|
+$3.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bristol-Myers Squibb
BMY
|
+$21.9M |
| 2 |
Booking.com
BKNG
|
+$18.8M |
| 3 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$18.7M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$18.1M |
| 5 |
Cigna
CI
|
+$18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 100% |
| 2 | Communication Services | 0% |
| 3 | Consumer Discretionary | 0% |
| 4 | Energy | 0% |
| 5 | Healthcare | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
The GEO Group
GEO
$3.75B
| $3.31M | 100% |
+501,360
| New | +$3.33M |
2022 Q2
0 quarters
|
|
2
PUT
Apple
AAPL
$5.03T
| – | – |
-206,000
| Closed | -$36M | – |
|
|
3
Booking.com
BKNG
$111B
| – | – |
-200,000
| Closed | -$18.8M | – |
|
|
4
Bristol-Myers Squibb
BMY
$128B
| – | – |
-300,000
| Closed | -$21.9M | – |
|
|
5
Cigna
CI
$78.8B
| – | – |
-75,000
| Closed | -$18M | – |
|
|
6
Alphabet (Google) Class A
GOOGL
$3.44T
| – | – |
-130,000
| Closed | -$18.1M | – |
|
7
Global Payments
GPN
$25.6B
| – | – |
-66,700
| Closed | -$9.13M | – |
|
8
Meta Platforms (Facebook)
META
$1.6T
| – | – |
-80,000
| Closed | -$17.8M | – |
|
9
Nexstar Media Group
NXST
$5.28B
| – | – |
-76,200
| Closed | -$14.4M | – |
|
10
Ovintiv
OVV
$20.1B
| – | – |
-300,000
| Closed | -$16.2M | – |
|
11
Sportsman's Warehouse
SPWH
$41.5M
| – | – |
-250,000
| Closed | -$2.67M | – |
|
12
Stellantis
STLA
$13.5B
| – | – |
-600,000
| Closed | -$9.8M | – |
|
|
DISCK
13
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| – | – |
-750,000
| Closed | -$18.7M | – |
|
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Michael Burry's Q2 2022 Portfolio in Review
As of Q2 2022, Michael Burry held 13 positions worth $3.31M, down 98% from $201M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Michael Burry withdrew a net $162M in Q2 2022, closing 12 positions. Its most notable exit was Bristol-Myers Squibb, an estimated $21.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 100% of assets, up from 4.5% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Michael Burry opened a new position in The GEO Group worth $3.31M.
- Michael Burry's largest Q2 2022 buy was The GEO Group: 501,360 shares worth $3.31M.
- Michael Burry fully exited Bristol-Myers Squibb in Q2 2022, selling an estimated $21.9M.
- Michael Burry's ten largest holdings make up 100% of its $3.31M portfolio in Q2 2022.
- Michael Burry opened 1 new position and closed 12 in Q2 2022.
- Michael Burry's portfolio value fell 98% quarter-over-quarter to $3.31M.
Based on Scion Asset Management's 13F filing for Q2 2022, filed 15 Aug 2022.