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.
For further details see:
Analyzing 13Fs: Michael 'The Big Short' Burry's Big Bet On Regional Banks