The Big Short’s Michael Burry buys 18 new companies
Michael Burry’s Scion Asset Management bought 18 shares in the fourth quarter of 2023 and sold four others. He also increased his stake in Chinese eCommerce giant Alibaba, which now makes up 6.15% of his portfolio.
Burry is an American investor and hedge fund manager who rose to fame for his successful bets against the subprime mortgage market before the 2008 financial crisis.
He was born in San Jose, California, in 1971 and received his Bachelor’s degree in Economics from the University of California, Los Angeles.
He later went on to earn his Doctor of Medicine degree from the Vanderbilt University School of Medicine.
After completing his residency in neurology, Burry began his finance career by managing his personal investments. In 2000, Burry founded Scion Asset Management, a hedge fund focused on value investing.
He gained widespread attention for his successful bets against the subprime mortgage market in the mid-2000s.
It was chronicled in the book ‘The Big Short’ and the subsequent movie adaptation starring Christian Bale, Steve Carell, Ryan Gosling, and Brad Pitt.
Burry’s foresight in recognising the flaws in the housing market allowed him to make significant profits for his investors.
His investment strategy involves identifying companies that he believes are undervalued by the market and investing in them long-term.
He often takes contrarian positions, investing in companies that are unpopular or out of favour with other investors.
Burry’s approach requires a deep understanding of the companies he invests in and a willingness to hold onto positions for an extended period.
Today, investors and financial analysts closely watch Burry’s stock portfolio.
Scion’s latest Form 13F filings with the United States Securities and Exchange Commission revealed that Burry significantly increased his holdings in the fourth quarter of this year.
In September 2023, the Scion portfolio consisted of only 11 companies with a value of $43.90 million.
On 31 December 2023, it consisted of 25 stocks with a value of $94.59 million.
Scion Asset Management share portfolio
The table below shows Michael Burry’s Scion Asset Management’s share portfolio on 31 December 2023.
| Stock | % of portfolio | Recent Activity | Value |
| BABA – Alibaba Group Holdings | 6.15 | Add 50% | $5,813,000 |
| JD – JD.com Inc. | 6.11 | Add 60% | $5,778,000 |
| HCA – HCA Healthcare Inc. | 5.72 | Buy | $5,414,000 |
| ORCL – Oracle Corp. | 5.57 | Buy | $5,272,000 |
| C – Citigroup Inc. | 5.44 | Buy | $5,144,000 |
| CVS – CVS Health Corp. | 5.43 | Buy | $5,132,000 |
| NXST – Nexstar Media Group | 5.39 | Reduce 33.20% | $5,094,000 |
| GOOGL – Alphabet Inc. | 5.17 | Buy | $4,889,000 |
| SBLK – Star Bulk Carriers Corp. | 4.95 | Reduce 11.92% | $4,682,000 |
| AMZN – Amazon.com Inc. | 4.82 | Buy | $4,558,000 |
| MGM – MGM Resorts International | 4.27 | Buy | $4,468,000 |
| BKNG – Booking Holdings Inc. | 4.69 | Reduce 16.67% | $4,434,000 |
| AAP – Advance Auto Parts | 4.52 | Buy | $4,272,000 |
| WBD – Warner Bros. Discovery Inc. | 4.51 | Buy | $4,268,000 |
| VTLE – Vital Energy Inc. | 4.21 | Buy | $3,980,000 |
| SQ – Block Inc. | 4.09 | Buy | $3,868,000 |
| BRKR – Bruker Corp. | 3.88 | Buy | $3,674,000 |
| TOST – Toast Inc. | 3.86 | Buy | $3,652,000 |
| MTD – Mettler-Toledo International Inc. | 2.56 | Buy | $2,426,000 |
| ACIC – American Coastal Insurance C | 2.10 | Buy | $1,990,000 |
| BIG – Big Lots Inc. | 1.85 | Buy | $1,753,000 |
| REAL – RealReal Inc. | 1.39 | Reduce 12.69% | $1,753,000 |
| GENK – Gen Restaurant Group Inc | 1.28 | Buy | $1,207,000 |
| SB – Safe Bulkers Inc | 1.04 | Reduce 16.67% | $983,000 |
| QRTEA – Qurate Retail Group Inc. CL A | 0.56 | Buy | $525,000 |
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