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 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$14.5M |
| 2 |
The GEO Group
GEO
|
+$11.2M |
| 3 |
CoreCivic
CXW
|
+$7.32M |
| 4 |
AJRD
Aerojet Rocketdyne Holdings
AJRD
|
+$5.61M |
| 5 |
Charter Communications
CHTR
|
+$4.28M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 66% |
| 2 | Consumer Discretionary | 24.34% |
| 3 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
The GEO Group
GEO
$4.33B
| $15.5M | 37.65% |
2,019,150
+1,517,790
| +303% | +$11.2M |
2022 Q2
1 quarter
|
|
|
QVCGA
2
DELISTED
QVC Group Inc Series A
QVCGA
| $10M | 24.34% |
+100,000
| New | +$14.5M |
2022 Q3
0 quarters
|
|
|
3
CoreCivic
CXW
$2.8B
| $6.41M | 15.52% |
+724,895
| New | +$7.32M |
2022 Q3
0 quarters
|
|
|
AJRD
4
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $5.3M | 12.84% |
+132,561
| New | +$5.61M |
2022 Q3
0 quarters
|
|
|
5
Charter Communications
CHTR
$15.6B
| $3.03M | 7.35% |
+10,000
| New | +$4.28M |
2022 Q3
0 quarters
|
|
6
Liberty Latin America Class C
LILAK
$1.88B
| $958K | 2.32% |
+171,337
| New | +$1.1M |
2022 Q3
0 quarters
|
|
Similar funds
Michael Burry's Q3 2022 Portfolio in Review
As of Q3 2022, Michael Burry held 6 positions worth $41.3M, up 1,148% from $3.31M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Michael Burry deployed $44M of net new capital in Q3 2022, opening 5 new positions and adding to 1 existing holding. Its largest new stake was QVC Group Inc Series A: 100,000 shares worth $10M.
By sector, the portfolio is most concentrated in Industrials at 66% of assets, down from 100% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Michael Burry's largest Q3 2022 buy was QVC Group Inc Series A: 100,000 shares worth $10M.
- Michael Burry added most to The GEO Group in Q3 2022, an estimated $11.2M increase.
- Michael Burry's ten largest holdings make up 100% of its $41.3M portfolio in Q3 2022.
- Michael Burry opened 5 new positions and closed 0 in Q3 2022.
- Michael Burry's portfolio value rose 1,148% quarter-over-quarter to $41.3M.
Based on Scion Asset Management's 13F filing for Q3 2022, filed 14 Nov 2022.