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 |
Molina Healthcare
MOH
|
+$8.33M |
| 2 |
Shift4
FOUR
|
+$6.63M |
| 3 |
Hudson Pacific Properties
HPP
|
+$6.17M |
| 4 |
Baidu
BIDU
|
+$3.52M |
| 5 |
Alibaba
BABA
|
+$2.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HCA Healthcare
HCA
|
+$8.34M |
| 2 |
Citigroup
C
|
+$7.9M |
| 3 |
Sprott Physical Gold
PHYS
|
+$7.62M |
| 4 |
Block Inc
XYZ
|
+$7.61M |
| 5 |
Cigna
CI
|
+$7.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 42.57% |
| 2 | Healthcare | 15.55% |
| 3 | Technology | 13.97% |
| 4 | Communication Services | 12.36% |
| 5 | Real Estate | 10.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$263B
| $11.2M | 21.26% |
155,000
+30,000
| +24% | +$2.3M |
2023 Q3
3 quarters
|
|
|
2
Shift4
FOUR
$3.56B
| $7.34M | 13.97% |
+100,000
| New | +$6.63M |
2024 Q2
0 quarters
|
|
|
3
Molina Healthcare
MOH
$10.8B
| $7.29M | 13.89% |
+24,530
| New | +$8.33M |
2024 Q2
0 quarters
|
|
|
4
Baidu
BIDU
$27.4B
| $6.49M | 12.36% |
75,000
+35,000
| +88% | +$3.52M |
2024 Q1
1 quarter
|
|
5
JD.com
JD
$38.2B
| $6.46M | 12.31% |
250,000
-110,000
| -31% | -$3.23M |
2023 Q3
3 quarters
|
|
|
6
Hudson Pacific Properties
HPP
$492M
| $5.5M | 10.49% |
+163,491
| New | +$6.17M |
2024 Q2
0 quarters
|
|
7
The RealReal
REAL
$1.75B
| $3.19M | 6.08% |
1,000,000
-412,692
| -29% | -$1.52M |
2023 Q1
5 quarters
|
|
8
American Coastal Insurance
ACIC
$473M
| $2.66M | 5.06% |
251,892
| – | – |
2023 Q4
2 quarters
|
|
9
DELISTED
Olaplex Holdings
OLPX
| $1.53M | 2.92% |
+995,250
| New | +$1.59M |
2024 Q2
0 quarters
|
|
10
DELISTED
BIOATLA INC
BCAB
| $869K | 1.65% |
+12,679
| New | +$1.51M |
2024 Q2
0 quarters
|
|
11
Advance Auto Parts
AAP
$2.77B
| – | – |
-85,000
| Closed | -$7.23M | – |
|
12
BP
BP
$115B
| – | – |
-175,000
| Closed | -$6.59M | – |
|
|
13
Citigroup
C
$200B
| – | – |
-125,000
| Closed | -$7.9M | – |
|
|
14
Cigna
CI
$77.4B
| – | – |
-20,000
| Closed | -$7.26M | – |
|
15
First Solar
FSLR
$21B
| – | – |
-30,000
| Closed | -$5.06M | – |
|
|
16
HCA Healthcare
HCA
$105B
| – | – |
-25,000
| Closed | -$8.34M | – |
|
|
17
Sprott Physical Gold
PHYS
$14.8B
| – | – |
-440,729
| Closed | -$7.62M | – |
|
18
Safe Bulkers
SB
$831M
| – | – |
-400,000
| Closed | -$1.98M | – |
|
19
Star Bulk Carriers
SBLK
$3.14B
| – | – |
-250,000
| Closed | -$5.97M | – |
|
20
DELISTED
Vital Energy
VTLE
| – | – |
-125,000
| Closed | -$6.57M | – |
|
|
21
Block Inc
XYZ
$53.1B
| – | – |
-90,000
| Closed | -$7.61M | – |
|
Similar funds
Michael Burry's Q2 2024 Portfolio in Review
As of Q2 2024, Michael Burry held 21 positions worth $52.5M, down 49% from $103M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Michael Burry withdrew a net $46.9M in Q2 2024, closing 11 positions and reducing 2 holdings. Its most notable exit was HCA Healthcare, an estimated $8.34M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 43% of assets, up from 31% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Michael Burry opened a new position in Molina Healthcare worth $7.29M.
- Michael Burry's largest Q2 2024 buy was Molina Healthcare: 24,530 shares worth $7.29M.
- Michael Burry added most to Baidu in Q2 2024, an estimated $3.52M increase.
- Michael Burry's biggest Q2 2024 reduction was JD.com, cutting an estimated $3.23M.
- Michael Burry fully exited HCA Healthcare in Q2 2024, selling an estimated $8.34M.
- Michael Burry's ten largest holdings make up 100% of its $52.5M portfolio in Q2 2024.
- Michael Burry opened 5 new positions and closed 11 in Q2 2024.
- Michael Burry's portfolio value fell 49% quarter-over-quarter to $52.5M.
Based on Scion Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.