- 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:
To learn more about how to profit from a strategy of
following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning
Strategies for the Little Guy .
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