Michael Burry Adds Five New Stocks to his Hedge Fund Portfolio
- Posted on July 15, 2020
- Stock Market
- By Glory
“Big Short” investor, Michael Burry added five new
stocks to his portfolio in the recently ended quarter, according to a 13F filed
with the SEC. As of March 31, Burry’s hedge fund, Scion Asset had in management
$387 million, with Gamestop as its biggest investment, representing almost 18%
of Scion’s portfolio.
The coronavirus pandemic and market sell-off failed to
discourage Burry from adding five new large-cap stakes to his portfolio, including
stakes of Boeing which sold off more than 50% in Q1 2020. Burry has always been
known for his daring market decisions, especially making costly bets in bearish
markets. In March, he revealed in an interview with Bloomberg that he made a
significant bearish bet that had already started paying off despite the market
sell off.
The
five new stocks Burry has added to his portfolio include:
·
Jack
in the Box (JACK); makes up 12.21% of Jack in the Box
stake to its portfolio, with a position market value of $10.5 million
·
Facebook
(FB); makes up 11.62% of Scion’s portfolio with a position
market value of $10.0 million
·
Boeing
(BA); makes up 10.39% of Scion’s portfolio with a position
market value of $8.95 million
·
The
Michael’s Companies (MIK); makes up 6.11% of Scion’s portfolio
with a position market value of $5.27 million
·
Discovery
(DISCA); makes up 7.90% of Scion’s portfolio with a position
market value of $6.8 million.
Scion
Capital Q1 2020 13F Positions
|
Stock |
Symbol |
Type |
Shares Held |
% Change |
Ranking |
Market Value |
% of Portfolio |
Qtr first owned |
Source_type |
Source date |
Est Avg Price |
|
Gamestop Corp. Class A |
GME |
|
2,801,929 |
(17.59%) |
1 |
15,354,571 |
17.82% |
|
13D |
05/04/2020 |
|
|
Jack in the Box Inc. |
JACK |
|
300,000 |
New |
2 |
10,515,000 |
12.21% |
Q1
2020 |
13F |
03/31/2020 |
35.05 |
|
Qorvo Inc |
QRVO |
|
125,000 |
66.67% |
3 |
10,079,000 |
11.70% |
Q4
2019 |
13F |
03/31/2020 |
101.99 |
|
Facebook Inc |
FB |
|
60,000 |
New |
4 |
10,008,000 |
11.62% |
Q1
2020 |
13F |
03/31/2020 |
166.80 |
|
Maxar Technologies Ltd |
MAXR |
|
900,000 |
New |
5 |
9,612,000 |
11.16% |
Q4
2019 |
13F |
03/31/2020 |
14.28 |
|
Boeing Company |
BA |
|
60,000 |
New |
6 |
8,948,00 |
10.39% |
Q1
2020 |
13F |
03/31/2020 |
149.14 |
|
Discovery Inc. Series |
DISCA |
|
350,000 |
New |
7 |
6,804,000 |
7.90% |
Q1
2020 |
13F |
03/31/2020 |
1.62 |
|
Michaels Companies Inc. |
MIK |
|
3,250,000 |
New |
8 |
5,265,000 |
6.11% |
Q1
2020 |
13F |
03/31/2020 |
|
|
Las Vegas Sands Corp |
LVS |
CALL |
100,000 |
New |
9 |
2,202,000 |
3.38% |
Q1
2020 |
13F |
03/31/2020 |
|
|
Tailored Brands Inc. |
TLRD |
|
1,700,000 |
(57.50%) |
10 |
2,380,000 |
2.76% |
|
13D |
05/05/2020 |
|
|
Foot Locker Inc. |
FL |
CALL |
100,000 |
New |
11 |
2,205,000 |
2.56% |
Q1
2020 |
13F |
03/31/2020 |
|
|
Qorvo Inc. |
QRVO |
CALL |
13,000 |
New |
12 |
1,048,000 |
1.22% |
Q1
2020 |
13F |
03/31/2020 |
|
|
Cracker Barrel Old Country Store Inc. |
CBRL |
CALL |
6,700 |
New |
13 |
558,000 |
0.65% |
Q1
2020 |
13F |
03/31/2020 |
|
|
Wynn Resorts Ltd. |
WYNN |
CALL |
7,700 |
New |
14 |
463,000 |
0.54% |
Q1
2020 |
13F |
03/31/2020 |
|
|
Blackberry Ltd. |
BB |
|
0 |
(100.00%) |
15 |
0 |
0.00% |
Q4
2019 |
13F |
03/31/2020 |
6.42 |
|
Cenovus Energy |
CVE |
|
0 |
(100.00%) |
16 |
0 |
0.00% |
Q4
2019 |
13F |
03/31/2020 |
10.15 |
|
Alphabet Inc. Class C |
GOOG |
|
0 |
(100.00%) |
17 |
0 |
0.00% |
Q2
2019 |
13F |
03/31/2020 |
1080.91 |
|
Sportsmans Warehouse Holdings Inc. |
SPWH |
|
0 |
(100.00%) |
18 |
0 |
0.00% |
Q4
2018 |
13F |
03/31/2020 |
4.27 |
|
Covetrus Inc. |
CVET |
|
0 |
(100.00%) |
19 |
0 |
0.00% |
Q4
2019 |
13F |
03/31/2020 |
13.20 |
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