- Michael Burry’s 13F decreased from $46M to $35M this quarter.
- Scion Asset Management added Coty Inc. & Hostess Brands while dropping Amgen, Neophotonics, Nexpoint Residential, and Theravance Biopharma.
- Currently the portfolio has just 4 stakes: Alphabet Inc., Coty Inc., Hostess Brands, and HCA Holdings.
Michael Burry’s 13F portfolio decreased ~22% from $46M to $35M this quarter. The portfolio is heavily concentrated with recent 13F reports showing just a handful of individual stock positions. The current stakes are Alphabet Inc. (GOOG), Coty Inc. (COTY), Hostess Brands (GRSH), and HCA Holdings (HCA).
Below is a summary:
Alphabet Inc. (GOOG): GOOG is currently the second-largest position at 32.95% of the portfolio. It was established last quarter at prices between $668 and $767 and the stock is now at $806. The huge stake establishment indicates a clear bullish bias.
Neophotonics Corp. (NPTN): NPTN was a 6.28% portfolio stake purchased last quarter at prices between $8.53 and $14.49 and disposed this quarter at prices between $9.10 and $18.22. The stock currently trades at $10.96.
The huge stakes in Nexpoint Residential (NXRT) and Theravance Biopharma (TBPH) were eliminated this quarter.
To know more about Dr. Michael Burry, check out the book The Big Short: Inside the Doomsday Machine by Michael Lewis.
Below is a spreadsheet that shows the changes to Michael Burry's Scion Asset Management US long portfolio holdings as of Q3 2016. For a look at how the portfolio has progressed, see our previous update:
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