Scion Asset Management founder and renowned investor of The Big Short fame – Dr Michael Burry – has provided some insight regarding where his head’s at with the online circulation of his current stock portfolio.
The recent breakdown of the companies he’s going long on, revealed by his hedge fund’s Form 13F regulatory filings, indicates the man famously portrayed by Christian Bale in Adam McKay’s Academy Award-winning adaptation has allocated over 20% of said portfolio to just two major China tech giants:
- JD.com (NASDAQ: JD)
- Alibaba (NYSE: BABA)
This comes at a time when JD.com’s share price is scraping towards all-time lows, while Jack Ma’s Alibaba isn’t too far behind. Meaning Burry must believe the ecommerce specialists are due for a rally – despite the fact that gains Chinese stocks have achieved throughout 2023 have almost been entirely wiped from the board as “headwinds intensify.”
RELATED: ‘Big Short’ Investor Michael Burry Predicts We’re In For A Monster “Multi-Year Recession”
This comes months after Burry sounded the alarm in classic fashion with yet another completely unambiguous warning: “Sell.”
As per his modus operandi, the message was communicated via tweet shortly before he deactivated his Twitter account @cassandra – a reference to the priestess in Greek mythology cursed to share true prophecies but never to be believed – for the umpteenth time.
And as some of you may recall back in December, after dumping the entirety of his portfolio to load up on a single stock, Burry had predicted that the world was in for an “extended multi-year recession.”
Check out Michael Burry’s portfolio below, and to keep track of what the good doctor/permabear is doing, head over to @burrytracker on Instagram.
Michael Burry Portfolio (Scion Asset Management Holdings)
| Stock (Ticker) | Company | Portfolio % | Shares Owned | Value (Million) | Change in Shares | Average Buy Price | Date |
|---|---|---|---|---|---|---|---|
| JD | Jd.com Inc | 10.26% | 250,000 | $10.97 | 233.33% (+175K) | $50.97 (-33.5%) | 2023-03-31 |
| BABA | Alibaba Group Hldg Ltd | 9.56% | 100,000 | $10.22 | 100% (+50K) | $89.59 (-9.4%) | 2023-03-31 |
| SIG | Signet Jewelers Limited | 9.09% | 125,000 | $9.72 | NEW (+125K) | $72.89 (-2.6%) | 2023-03-31 |
| NYCB | New York Community Bancorp Inc | 7.19% | 850,000 | $7.68 | NEW (+850K) | $8.82 (+19.7%) | 2023-03-31 |
| ZM | Zoom Video Communications In | 6.90% | 100,000 | $7.38 | NEW (+100K) | $70.79 (-11.5%) | 2023-03-31 |
| COF | Capital One Financial Corp | 6.74% | 75,000 | $7.21 | NEW (+75K) | $94.56 (+5.2%) | 2023-03-31 |
| SBSW | Sibanye Stillwater Ltd | 6.22% | 800,000 | $6.66 | NEW (+800K) | $9.49 (-21.5%) | 2023-03-31 |
| LILAK | Liberty Latin America Ltd | 6.18% | 800,000 | $6.61 | NEW (+800K) | $7.93 (-3.2%) | 2023-03-31 |
| CI | The Cigna Group | 5.97% | 25,000 | $6.39 | NEW (+25K) | $293.43 (-14.9%) | 2023-03-31 |
| COHR | Coherent Corp | 4.45% | 125,000 | $4.76 | -16.67% (-25K) | $34.98 (-12.1%) | 2023-03-31 |
| WFC | Wells Fargo Co New | 4.37% | 125,000 | $4.67 | NEW (+125K) | $39.34 (+3.9%) | 2023-03-31 |
| WAL | Western Alliance Bancorp | 4.15% | 125,000 | $4.44 | NEW (+125K) | $47.55 (-23.6%) | 2023-03-31 |
| CTRA | Coterra Energy Inc | 3.44% | 150,000 | $3.68 | NEW (+150K) | $24.56 (+3.9%) | 2023-03-31 |
| GEO | Geo Group Inc New | 2.95% | 400,000 | $3.16 | -62.38% (-663.13K) | $7.02 (+15.2%) | 2023-03-31 |
| NOV | Nov Inc | 2.49% | 143,590 | $2.66 | NEW (+143.59K) | $19.7 (-20.7%) | 2023-03-31 |
| DVN | Devon Energy Corp New | 2.29% | 48,300 | $2.44 | NEW (+48.30K) | $56.06 (-11.4%) | 2023-03-31 |
| PACW | PacWest Bancorp Del | 2.28% | 250,000 | $2.43 | NEW (+250K) | $15.33 (-53.0%) | 2023-03-31 |
| FRC | First Republic Bank San Francisco | 1.96% | 150,000 | $2.10 | NEW (+150K) | $26.37 (-86.7%) | 2023-03-31 |
| HBAN | Huntington Bancshares Inc | 1.94% | 184,900 | $2.07 | NEW (+184.90K) | $12.65 (-18.1%) | 2023-03-31 |
| REAL | RealReal Inc | 0.81% | 684,440 | $0.862 | NEW (+684.44K) | $1.26 (+8.7%) | 2023-03-31 |
| OVV | Ovintiv Inc | 0.76% | 22,500 | $0.812 | NEW (+22.50K) | $43.4 (-16.5%) | 2023-03-31 |
| WWW | Wolverine World Wide Inc | 0.00% | 0 | $0 | -100% (-356.10K) | $13.16 (+8.4%) | 2023-03-31 |
| SKYW | Skywest Inc | 0.00% | 0 | $0 | -100% (-125K) | $16.39 (+74.6%) | 2023-03-31 |
| QRTEA | Qurate Retail Inc | 0.00% | 0 | $0 | -100% (-1.50M) | $2.44 (-63.9%) | 2023-03-31 |
| MGM | Mgm Resorts International | 0.00% | 0 | $0 | -100% (-100K) | $31.63 (+25.9%) | 2023-03-31 |
| BKI | Black Knight Inc | 0.00% | 0 | $0 | -100% (-150K) | $63.24 (-12.9%) | 2023-03-31 |
