Michael Burry - Scion Asset Management, LLC - Portfolio Holdings (2024)

FAQs

What stocks are Michael Burry holding? ›

Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Scion Asset Management, LLC's top holdings are The GEO Group Inc (US:GEO) , Black Knight Inc (US:BKI) , Coherent, Inc. (US:COHR) , Alibaba Group Holding Limited ADR (US:BABA) , and JD.com, Inc. (US:JD) .

Scion Asset Management's Sharpe Ratio is 2.47. What is Scion Asset Management's portfolio value? Scion Asset Management's portfolio value is $46.54B.

Michael Burry, a successful American investor, has a net worth estimated at $300 million. Leaving behind a career in medicine, he gained considerable wealth from his hedge fund, Scion Capital, by shorting tech stocks and accurately predicting the 2008 housing market crash, which earned him millions.

Michael Burry, the famed investor of 'The Big Short', sold all his holdings from his US stock portfolio barring a single holding in the second quarter, a Securities and Exchange Commission filing showed on Monday.

Michael Burry is focusing all of his trading on one commodity: Water. This is a perplexing statement because unlike other commodities like oil, cotton, or silver, there is no market to trade water. So how can someone invest in water?

To navigate the uncertain equity market in 2023, some of the stocks that Big Short Michael Burry is buying include Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD).

For the Scion G7 and Scion G7 Offshore funds, the firm generally requires a $1 million minimum investment.

After more than two years, on February 14, 2019, Scion Asset Management filed another 13F, showing Burry to hold numerous large-cap stocks and $103,528,000 13F assets under management, just above the threshold for filing.

Why did Burry close Scion Capital? ›

He established and managed the hedge fund known as Scion Capital from 2000 until 2008, when he decided to shut it down to concentrate on his investments.

Burry's net worth is estimated to be$1.2 billion as of 2023. He made a profitable bet against the subprime mortgage market,which accounts for a sizable portion of his wealth.

Michael Burry, the hedge fund manager of the now-defunct Scion Capital, reveals he made over $270 million during the GameStop stock situation.

He prefers water-rich farmland away from large governmental and infrastructural limitations. Burry has said in interview: “What became clear to me is that food is the way to invest in water. That is, grow food in water-rich areas and transport it for sale in water-poor areas.

The Bottom Line. Burry likely will be best known for being one of the few investors who predicted the subprime mortgage crisis that lasted from 2007 to 2010. He shorted the 2007 mortgage bond market by swapping CDOs and profited mightily from it.

Today, Burry still regularly invests through his fund Scion Asset Management, although he's pretty choosy. At the end of 2022, Scion only held nine stocks, and 56% of his portfolio was invested in just three stocks.

The show begins. Burry's Scion spent less than $14 million to amass 3.4 million GameStop shares as of April 2020, giving it a 5.3% stake that cost it about $4 a share on average, SEC filings show. The fund gradually reduced its position to 1.7 million GameStop shares worth about $17 million as of September 2020.

Basically, Michael Burry doesn't believe inflation will recede. And as a result, he thinks stocks are doomed. So… he sold everything.

In a now 12-year-old interview with Bloomberg, Michael Burry explains that he is investing his personal fortune into farmland. He explains that: "I believe that Agriculture land with water on site will be very valuable in the future and I've put a good amount of money into that.

He believes that the crypto industry is paying for its rejection of people who even slightly question the viability of projects and products. He warns that the crypto industry does not support or tolerate contradiction.

Why is Michael Burry buying farmland? ›

The almond tree uses five liters of water per seed, and more and more people are crazy about almond milk. Logically, Burry bought up farmland real estate in regions with enough natural water supply to feed a thirsty almond tree.

All figures are as of December 31st, 2022. On the adds side, Burry bought 50,000 shares of Alibaba (NYSE:BABA), a position in the Chinese e-commerce giant worth $4.4 million. He also opened a $4.2M position in JD.com (NASDAQ:JD), perhaps anticipating the reopening process China started this year.

In order to invest with Scion Asset Management as an individual, one needs to have enough to buy into a fund. The fund with the lowest minimum is the Value Fund, which generally requires an investment of at least $500,000.

While there is no minimum order limit on the purchase of a publicly-traded company's stock, many brokers in the past advised buying blocks of stock with a minimum value of $500 to $1,000.

Subprime Mortgage Crisis

Sometimes referred to as the greatest trade in history, Paulson's firm made a fortune and he earned over $4 billion personally on this trade alone.

As for Burry's involvement, he opened a new position during the quarter by purchasing 150,000 COHR shares. These are now worth about $6.7 million.

Unlike other famous investor profiles, for Burry, finance was a hobby. In fact, he studied medicine at the University of Los Angeles, later earned his doctorate at Vanderbilt Medical School and completed his residency as a neurologist at Stanford.

What is America's number one asset? ›

A home is one of the most commonly owned assets, and home equity is the single largest contributor to household wealth.

The most valuable firm of all time, the Dutch East India Company, was established in 1602 and had a monopoly on the spice trade in Asia.

Michael Burry rose to fame after he predicted the 2008 U.S. housing crash and managed to net $100 million in personal profits, and another $700 million for his investors with a few lucrative, out-of-consensus bets.

Michael Burry, the hedge-fund manager at Scion Asset Management made famous by Michael Lewis's book “The Big Short,” said in a Thursday tweet that he was “wrong” to tell investors to sell stocks two months ago.

As the market sell-off slowed down in the tail-end of 2022, Scion Asset Management reported a slight uplift in their U.S. equity-based assets under management of $5.24 million. The fund increased its assets to $46.53 million, as compared to the previously disclosed $41.29 million in the third quarter.

51 years (June 19, 1971)

Michael Burry / Age

Options to invest in water include stocks, ETFs, futures, and farmland. Water stocks offer shares in companies involved in the water market. Water ETFs provide portfolios managed by expert firms. Alternative investment platforms enable retail investors to access farmland investments.

A "short" position is generally the sale of a stock you do not own. Investors who sell short believe the price of the stock will decrease in value. If the price drops, you can buy the stock at the lower price and make a profit.

Burry bought two million shares and recommended an obvious arbitrage. “GameStop could pull off perhaps the most consequential and shareholder-friendly buyback in stock market history with elegance and stealth,” Burry told the company after disclosing his position. “Mr.

How good is Michael Burry? ›

Michael Burry is one of the most successful short sellers of all time. Most people know him for his bold bet against the housing market leading up to the great financial crisis. They even made a movie about it, The Big Short (2015). In hindsight, we know that his prediction was hugely profitable.

Last week, Bloomberg reported that Icahn put on his GameStop short at the peak of its trading frenzy in early 2021. The hedge funds that were short GameStop before the frenzy lost $10 billion in the squeeze that saw the stock soar as high as $483 per share, according to a recent report by S3 Partners.

Nagpur: India is the world's biggest investor in the water sector with total investment of USD 240 billion.

Water, says Fortune Magazine, is the new gold. Like gold, oil and other natural resources, water is a precious commodity. But, unlike gold and other commodities, you can't live without it. Think about it, water is our necessary source of life.

Michael Burry, a California-based neurologist-turned-hedge fund owner, is another example of a contrarian investor.

In addition to occasionally departing Twitter, Burry habitually deletes his tweets. His aim is to stop bots and promoters of meme stocks and cryptocurrencies from replying and reaching his 1.3 million Twitter followers, he explained in October 2021.

Michael Burry : I met my wife on match.com. My profile said that I'm a medical student with only one eye, an awkward social manner, and 145 thousand dollars in student loans. She wrote back, "You're just what I've been looking for!" She meant honest.

"We maintain our 60% subjective odds that the economy will achieve a soft landing in 2023 and 40% odds that it will land hard, with a broad-based recession and no bull market resuming for stocks," economist Ed Yardeni told investors in his latest newsletter.

Basically, Michael Burry doesn't believe inflation will recede. And as a result, he thinks stocks are doomed.

What did Michael Burry buy from banks? ›

he was buying bonds that bet against the housing market. they laughed because the housing market had never failed like it was about to do.

'Big Short' investor Michael Burry predicts a US recession in 2023 and another inflation spike. Michael Burry said he expects the US to slump into recession in 2023 and inflation to spike again. The "Big Short" investor predicted inflation would decline overall in 2023 as the economy weakened.

So, while the CAPE ratio is the world's most reliable stock market forecaster, it pays to think long-term, maintain a consistent allocation, and ignore the useless rambling of forecasters and our guts.

Bloomberg. The list of the best websites for stock forecast would be incomplete without the mention of Bloomberg. The platform provides market data and financial news.

Michael Burry is an investor who profited from the subprime mortgage crisis by shorting the 2007 mortgage bond market, making $100 million for himself and $700 million for his investors.

He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. He is best known for being amongst the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. San Jose, California, U.S.

Alibaba (NYSE: BABA) is owned by 1.80% institutional shareholders, 0.00% Alibaba insiders, and 98.20% retail investors. Goldman Sachs Group Inc is the largest individual Alibaba shareholder, owning 21.58M shares representing 0.10% of the company. Goldman Sachs Group Inc's Alibaba shares are currently valued at $2.03B.

Burry has been warning about the economy and the stock market for years. He warned of the potential for the “greatest speculative bubble of all time in all things.” He cautioned individual investors against buying into meme stocks and cryptocurrencies that could lead to the “mother of all crashes.”