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Michael Burry is best known as the protagonist of The Big Short, but he was famous in value investing circles even prior to that. After his huge success betting against the mortgage market he took some time off, but he subsequently restarted a fund. I have been reporting his positions ever since his new fund became large enough to require quarterly filings with the SEC (and I believe I was the first to publicly do so). He has generally had fairly high turnover, and the quarter ending March 31st, 2022 was no exception.
In fact, the only position that remains from his prior quarterly report at the end of 2021 is 300,000 shares of Bristol-Meyers Squibb, and that position was unchanged during the quarter. All of his other positions from my last update on his portfolio have been sold.
Michael Burry’s New Positions
NAME OF ISSUER |
Symbol |
Value (x$1000) |
Number of Shares |
CALL |
| Alphabet Inc. | GOOGL | 18,079 | 6,500 | Shares |
| Apple Inc. | AAPL | 35,970 | 206,000 | Put Options |
| Booking Holdings Inc. | BKNG | 18,788 | 8,000 | Shares |
| Bristol-Myers Squibb Co. | BMY | 21,909 | 300,000 | Shares |
| Cigna Corp. NEW | CI | 17,971 | 75,000 | Shares |
| Discovery Inc. | DISCK (Now WBD) | 18,728 | 750,000 | Shares |
| Global Payments Inc. | GPN | 9,127 | 66,700 | Shares |
| Meta Platforms Inc. | FB | 17,789 | 80,000 | Shares |
| Nexstar Media Group Inc. | NXST | 14,362 | 76,200 | Shares |
| Ovintiv Inc. | OVV | 16,221 | 300,000 | Shares |
| Sportsman’s Warehouse Holdings Inc. | SPWH | 2,673 | 250,000 | Shares |
| Stellantis N.V. | STLA | 9,762 | 600,000 | Shares |
Source: Scion Asset Management 13-F filed with the SEC
Two large positions that I think were interesting (and poorly timed) are initiations of Google’s owner Alphabet (GOOGL) and Facebook’s owner Meta (FB). Combined with a new position in Booking Holdings (…….