- Michael Burry’s 13F portfolio value decreased from $94M to $60M this quarter.
- Scion Asset Management added GameStop (GME) and Bed Bath & Beyond (BBBY) while dropping Cleveland Cliffs (CLF) and Western Digital (WDC).
- The top three positions are GameStop (GME), Tailored Brands (TLRD), and Alphabet (GOOG) and they add up to two-thirds of the portfolio.
Michael Burry’s 13F portfolio decreased from $94M to $60M this
quarter. The portfolio is heavily concentrated with recent 13F reports showing
around 10 positions.
Below is a summary:
Alphabet Inc. (GOOG):
GOOG is currently the third-largest position at ~16% of the portfolio. It was
established in Q2 2016 at prices between $668 and $767 and the stock is now at
$1361. There was a ~11% selling this quarter.
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 $5.88.
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 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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