Tracking Michael Burry’s Scion Asset Management Portfolio – Q2 2019 Update

• 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:

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