Tracking Michael Burry’s Scion Asset Management Portfolio – Q3 2019 Update

• 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:

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