13F : Michael Burry’s recent 13F disclosures

August 16, 2023


Scion Asset Management’s Michael Burry made headlines with the recent 13F filing. The filing showed that the firm’s market value increased from $110M in Q1 2023 to $1.7B in Q2 2023, However, it is worth noting that this includes the notional value of 2000 put options. If the value of these options is excluded, the AUM as of Q2, 2023 is $111M.

Burry has hedged his exposure by buying 20,000 put options each against two ETFs – the INVESCO QQQ (QQQ) and SPDR S&P 500 ETF (SPY). The options together have a notional value of $1.6 billion. However, considering Burry has also increased his holdings in consumer stocks, it Is likely he is using these positions as a hedge.

The two indices- S&P 500 and Nasdaq 100 have been showing big gains so far this year. The S&P 500 is up roughly 17% for the year to date while the Nasdaq 100 is up nearly 39% over the same period.

Aside from these two put options, Expedia Inc, Charter Comm and Generac Holdings are the other three top holdings. The fund manager completely liquidated JD.Com, Alibaba, Zoom Video, Wells Fargo Co, as well as regional banks including PacWest and Western Alliance Bancorp that it had bet on in the first quarter.

 Top Sells- Michael Burry


The 13F filing also showed that the fund, more than 2x its stake in online luxury goods market RealReal Inc, which is up nearly 100% for the year to date and added new stakes in iHeartMedia, HanesBrands, and Warner Bros. Discovery, among others. The firm also added 10,000 shares of the iShares MSCI Japan ETF, up 13.5% for the year.

Top Buys- Michael Burry

Scion Asset Management at the end of Q2 2023 had 33 unique securities, after entirely liquidating 15 and adding 27 new positions to its portfolio.

Track the complete filing on Radient here

About the Author

Jasmeet Sodhi

Jasmeet is an avid researcher and heads growth and marketing strategy development for RADiENT. Jasmeet previously interned at multiple startups where she developed a passion for marketing and content. She holds a Master’s in economics and international affairs from SOAS, University of London and a Bachelors in Economics from Ashoka University. In her free time, Jasmeet enjoys running and reading.

Related Posts