QRTEP - Analyzing 13Fs: Michael 'The Big Short' Burry's Big Bet On Regional Banks

2023-05-18 01:21:44 ET

Summary

• We dive under the hood of one of the most influential hedge fund managers in the world, analyzing Scion Asset Management's moves based on their first quarter 13F filing.
• The report highlights that U.S. equity-based assets under management have increased by $56.3 million to $103.2 million as compared to the previously disclosed $46.3 million in the fourth quarter.
• Michael "The Big Short" Burry made a bet on regional banks during the peak of the banking crisis, pouring capital into the likes of First Republic, PacWest, and WesternAlliance.
• Burry kept just four of his holdings from last quarter, GEO Group, JD.com, Alibaba, & Coherent Corp, as he completely reshuffled his portfolio.
• Some of the more interesting recent additions include his return to Liberty Latin America and his entry into Coterra Energy, Devon Energy, Signet Jewelers, and Zoom Video Communications.

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