Scion Management's Q2 holdings are out, revealing extensive turnover orchestrated by manager Michael Burry. The renowned value investor added four new stocks to his portfolio, but closed-out eight positions, cutting the total number of long holdings in his hedge fund to just 10.
Maybe...
If you figure out exactly what Michael Burry was up to in the second quarter of 2020, please let me know. Scion's Q2 13F portfolio released today shows that Burry dumped his #1 holding -- and new position -- from last quarter, Jack in the Box (JACK)....
Its 13F filings season again -- when hedge fund managers show their hands.
Forty-five days after the end of every quarter, every U.S. institutional investor with assets over $100 million is required to report its holdings to the SEC via 13F filings. Last quarter...
Dr. Michael Burry's Scion Asset Management disclosed its first quarter 2019 holdings, and in a surprise, China online retailer JD.com (JD) was the hedge fund's top position. Altaba Inc. (AABA), owner of 15% of China e-commerce giant Alibaba (BABA),was Scion's #2 position.
Burry, featured...
Starboard Value cut its Cars.com stake aggressively after the online auto retailer's strategic search failed and the company announced disappointing Q2 results. In a 13D/A filing submitted Wednesday afternoon, the hedge fund disclosed selling 4.47 million shares of the online automobile retailer on August 5-6 at...
Cloning Carl Icahn is a good idea.
Now I'm of course not talking about a laboratory experiment whereby we create an army of little corporate activists that will grow into so many billionaires.
Rather, I'm referring to following the renowned...
Marijuana stocks may finally be getting some respect from professional investors. Funds holding stock in Ontario-based marijuana producer Canopy Growth (NYSE:CGC) increased their holdings massively in the 2nd quarter. In Q1 2018, CGC comprised a total of 1.69% of all 13F portfolios holding the stock. In the 2nd quarter that number jumped to 31.30%
Perceptive Advisors' Neptune Wellness Solutions (NEPT) position increased by 50% during the 3rd quarter of 2019, to 4.5 million shares. The stake represents 14.53% of the Cannabis extraction company's outstanding shares. NEPT was Perceptive Advisors' #20 position at Q3 close.
The increase in Perceptive'...
Back in 2013, Bloomberg ran a profile of Brad Gerstner's Altimeter Capital that described the up-and-coming hedge fund manager as an adventurer -- an amateur pilot and heli-skier who hangs out with big-time CEOs at Burning Man. The article said Gerstner wanted to build a Venture Capital...
Dr. Michael Burry's Scion Capital added Jack In The Box (JACK) to its portfolio in Q1 of 2020. According to a 13F filed today, the manager, famous as the focus of the book and movie The Big Short, made the fast-food company his #2 position. It's impossible...