- Michael Burry’s 13F decreased from $98M to $94M this quarter.
- Scion Asset Management added Alibaba while dropping JD.com during the quarter.
- The top three positions are Western Digital (WDC), Cleveland-Cliffs (CLF), and Tailored Brands (TLRD) and they add up to ~37% of the portfolio.
Michael Burry’s 13F portfolio decreased marginally from $98M
to $94M this quarter. The portfolio is heavily concentrated with recent 13F reports
showing around 10 positions. Western Digital (WDC), Cleveland-Cliffs (CLF), Tailored
Brands (TLRD), FedEx Corp (FDX), and Alphabet (GOOG).
Below is a summary:
Alphabet Inc. (GOOG):
GOOG is currently the fifth-largest position at ~10% of the portfolio. It was
established in Q2 2016 at prices between $668 and $767 and the stock is now at
$1220. There was minor trimming this quarter.
JD.com (JD): JD was the largest stake in the
portfolio at 9.21% as of last quarter. It was purchased this quarter at prices
between $20 and $31. The position was disposed this quarter at prices between $25.75
and $31.25. The stock currently trades at $30.04.
In August, it was reported that Scion Asset Management
acquired ~3M shares of GameStop (GME) and had urged management to buyback $300M
worth of shares using cash-on-hand. The stock was trading at ~$3.75 at the time
and currently goes for $5.78.
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 Q2 2019. 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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