Famed money manager Michael Burry, main character in the book and movie “The Big Short,” began reporting his Scion Asset Management holdings in Q4 of 2018 after a two year hiatus. Since then, Scion has averaged about 12 positions in its quarterly 13F portfolio. But Scion’s Q3 2020 13F reveals Burry holding 33 positions, including 13 new stock and options holdings.
Scion’s Q3 2020 13F disclosed the fund’s largest position to once again be Google(GOOG) calls. Burry held a $58M position, about 17.8% of Scion’s $330M 13F portfolio.
Though Burry sold 38% of the fund’s Gamestop Corp. (GME) position, the game retailer moved up to a #3 ranking in Scion’s portfolio. This was due to substantial selling of other holdings.
Scion’s Q3 2020 13F portfolio positions.
|Stock||Sector||Shares Held||Market Value||% of Portfolio||Previous % Port||Rank||% Change||Qtr 1st owned||Recent Price|
|CVS(CALL)||CONSUMER STAPLES||462,100||$26,987,000||8.17||2||New||Q3 2020||71|
|GME||CONSUMER DISCRETIONARY||1,703,400||$17,375,000||5.26||3.79||3||-38%||Q4 2018||11.01|
|PFE(CALL)||HEALTH CARE||416,600||$15,289,000||4.63||4||New||Q3 2020||38.62|
|UNIT||REAL ESTATE||1,000,000||$10,535,000||3.19||1.89||9||57%||Q2 2020||9.6|
|WDC(CALL)||INFORMATION TECHNOLOGY||270,000||$9,869,000||2.99||3.78||10||0%||Q2 2020||41.47|
|WDC||INFORMATION TECHNOLOGY||250,000||$9,138,000||2.77||11||New||Q3 2020||41.47|
|CVS||CONSUMER STAPLES||150,000||$8,760,000||2.65||12||New||Q3 2020||71|
|LUMN||UTILITIES AND TELECOMMUNICATIONS||800,000||$8,072,000||2.44||17||New||Q3 2020||9.85|
|TCOM||CONSUMER DISCRETIONARY||250,000||$7,785,000||2.36||2.67||19||-23%||Q2 2020||34.65|
|QRVO||INFORMATION TECHNOLOGY||60,000||$7,741,000||2.34||2.63||20||-20%||Q4 2019||147.63|
|MO||CONSUMER STAPLES||200,000||$7,728,000||2.34||21||New||Q3 2020||40.33|
|RPT||REAL ESTATE||1,350,000||$7,344,000||2.22||22||New||Q3 2020||6.5|
|LVS(CALL)||CONSUMER DISCRETIONARY||153,000||$7,139,000||2.16||2.21||23||0%||Q1 2020||58.28|
|DBI||CONSUMER DISCRETIONARY||1,200,000||$6,516,000||1.97||1.23||24||108%||Q2 2020||6.36|
|FL(CALL)||CONSUMER DISCRETIONARY||180,000||$5,945,000||1.8||1.66||25||0%||Q1 2020||37.24|
|ROIC||REAL ESTATE||500,000||$5,208,000||1.58||1.8||27||0%||Q2 2020||13.01|
|WYNN(CALL)||CONSUMER DISCRETIONARY||70,000||$5,027,000||1.52||1.65||28||0%||Q1 2020||92.19|
|UBA||REAL ESTATE||50,000||$460,000||0.14||32||New||Q3 2020||11.36|
|LILA||UTILITIES AND TELECOMMUNICATIONS||49,671||$410,000||0.12||33||New||Q3 2020||11.57|
Scion Q3 2020 Positions liquidated
|Stock||Sector||Market Value||Previous||Rank||Change in||Qtr 1st|
|% of Portfolio||Shares||Owned|
|BBBY||CONSUMER DISCRETIONARY||3.36||Sold All||1,000,000||Q2 2020|
|BKNG(CALL)||CONSUMER DISCRETIONARY||5.86||Sold All||11,600||Q2 2020|
|CPA||TRANSPORTS||2.49||Sold All||155,000||Q2 2020|
|CBRL(CALL)||CONSUMER DISCRETIONARY||0.52||Sold All||14,900||Q1 2020|
|HP(CALL)||ENERGY||0.11||Sold All||17,500||Q2 2020|
|MAXR||INFORMATION TECHNOLOGY||1.71||Sold All||300,000||Q4 2019|
|DISCA(CALL)||COMMUNICATIONS||0.42||Sold All||62,200||Q2 2020|
|HP||ENERGY||2.32||Sold All||375,000||Q2 2020|
|QRVO(CALL)||INFORMATION TECHNOLOGY||1.33||Sold All||38,000||Q1 2020|
We of course have no way of knowing which positions, if any, Michael Burry has sold since the end of Q3. But Scion’s top new holding has appreciated nicely since Q3’s end. CVS has rallied from a close of $58.40 on Sept. 30 to 73.47 as of Nov.16. However, CVS tumbled over 8% yesterday on news that Amazon is launching a rival pharmacy.
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