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  4. Michael Burry's Hedge Fund Added One Stock And Dumped All the Rest
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Michael Burry's Hedge Fund Added One Stock And Dumped All the Rest

(Bloomberg) -- Michael Burry’s Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. The hedge fund exited positions including...
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Michael Burry's Hedge Fund Added One Stock And Dumped All the Rest © Bloomberg. Michael Burry Photographer: Dimitrios Kambouris/Getty Images North America

(Bloomberg) -- Michael Burry’s Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one.

The hedge fund exited positions including Alphabet (NASDAQ:GOOGL) Inc. and Facebook (NASDAQ:META) parent Meta Platforms Inc., while adding private-prison operator Geo Group (NYSE:GEO) Inc., which was Scion’s only long stock holding as of June 30, according to a regulatory filing Monday.

Scion held 501,360 shares of Boca Raton, Florida-based Geo Group, which surged 9.5% to $7.52 at 1:20 p.m. in New York, extending its gain since the end of the second quarter to 14%.

Scion held as much as $165 million of US stocks at the end of the first quarter.

Burry, 51, who rose to prominence after a winning wager against mortgages in the run-up to the 2008 financial crisis, has become a cult figure on social media in recent months, with ominous predictions of a looming downturn. In a May tweet, he raised the specter of a crash similar to the one 14 years ago.

He declined to comment on the filing.

Read more: Michael Burry Posts Cryptic Tweet Raising Specter of 2008 Crash

The disclosure, required for all money managers overseeing more than $100 million of US equities, only shows holdings in stocks that trade on the nation’s exchanges. It doesn’t reveal non-US traded securities or short positions. Such filings are also historical, providing a snapshot of a fund’s holdings at the end of a quarter, and may not reflect current investments.

©2022 Bloomberg L.P.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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EUR/USD

1.0658

-0.0008 (-0.07%)

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↑ Sell

Moving Avg:

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1.2475

-0.0015 (-0.12%)

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Moving Avg:

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Sell (12)

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USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

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AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Gold Futures

2,295.80

-7.10 (-0.31%)

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26.677

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Copper Futures

4.5305

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81.14

-0.79 (-0.96%)

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Brent Oil Futures

85.62

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Natural Gas Futures

1.946

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US Coffee C Futures

213.73

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Euro Stoxx 50

4,920.55

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S&P 500

5,035.69

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DAX

17,921.95

-196.37 (-1.08%)

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FTSE 100

8,144.13

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17,763.03

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1,973.05

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49.155

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27.35

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Allianz SE VNA O.N.

266.60

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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SJC Eximbank8,300/ 8,500
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Cập nhật 01-05-2024 10:45:19
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$2,285.72-47.5-2.04%
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Sản phẩmVùng 1Vùng 2
RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
DO 0,001S-V21.32021.740
Dầu hỏa 2-K20.68021.090
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Brent$85.50+3.860.05%
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USD25.088,0025.458,00
EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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