We break down the stocks Michael Burry (Scion) bought, sold, and held in Q3 2024, including their holdings at the end of the quarter. All data sourced from Scion's 13F filed on November 14, 2024.
Who are Michael Burry and Scion?
Scion Asset Management is the investment firm founded by Dr. Michael Burry, who gained fame for his prescient bet against the U.S. housing market portrayed in the book and film The Big Short. Following his successful prediction of the 2008 financial crisis, Burry has maintained a flexible, contrarian investment approach focused on identifying deeply mispriced assets across equities, debt, and derivatives. Scion employs both long and short positions, taking concentrated stakes based on Burry's uniquely independent research and macroeconomic perspectives, often focusing on overlooked or misunderstood opportunities regardless of market consensus.
Scionasset.com
Wikipedia on Michael Burry
Portfolio Changes in Q3 2024
New positions
Scion did not initiate any new positions during Q3 2024.
Bought
Scion significantly increased its exposure to Chinese technology stocks, doubling its position in JD.com (JD) from 250,000 to 500,000 shares and adding to Baidu (BIDU) (75,000 to 125,000 shares) and Alibaba (BABA) (155,000 to 200,000 shares). The firm also expanded its holdings in Shift4 Payments (FOUR) by 50% to 150,000 shares, increased Molina Healthcare (MOH) to 30,000 shares, and made a small addition to Olaplex (OLPX) bringing it to 1,000,000 shares.
Sold
Scion completely exited its positions in Hudson Pacific Properties (HPP) and BioAtla (BCAB), while significantly trimming RealReal (REAL) by half to 500,000 shares and reducing American Coastal Insurance (UIHC) from 251,892 to 100,000 shares.
Holdings at the end of Q3 2024
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| BABA | Alibaba | 25.6% | Added (+29%) | $21.22M |
| JD | JD.com | 24.1% | Added (+100%) | $20M |
| FOUR | Shift4 Payments | 16.0% | Added (+50%) | $13.29M |
| BIDU | Baidu | 15.8% | Added (+67%) | $13.16M |
| MOH | Molina Healthcare | 12.4% | Added (+22%) | $10.34M |
| OLPX | Olaplex | 2.8% | Added (+0%) | $2.35M |
| REAL | RealReal | 1.9% | Trimmed (-50%) | $1.57M |
| UIHC | American Coastal Insurance | 1.4% | Trimmed (-60%) | $1.13M |
| HPP | Hudson Pacific Properties | 0.0% | Exited | $0 |
| BCAB | BioAtla | 0.0% | Exited | $0 |
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