Scion Asset Management published their 13F for Q1 2023
Michael Burry added 17 holdings, and exited 5 holdings. His strategy for the past Q seemed to focus on the distressed banking sector, and China
New Holdings:
- SIG
- NYCB
- ZM ~ Fellow Cathie Wood
- COF
- SSW
- LILAK
- CI
- WFC
- WAL
- CTRA
- NOV
- DVN
- PACW ~$9/share for 250,000 shares
- FRC ~ $13/Share for 150,000 Shares
- HBAN
- REAL
- OVV
Increased positions in:
- JD
- BABA
Exit or Trim:
- COHR
- GEO
- BKI
- WWW
- MGM
- QRTEA
- SKYW
Just a reminder, don't follow the strategy of any investor especially Michael Burry, who likes icky distressed investments, and has a high turnover ratio. This post is just for shits and giggles.
[link] [comments] https://www.reddit.com/r/stocks/comments/13ieg1d/michael_burry_takes_a_loss_on_pacw_and_frcb_in/
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