By Glory Jul, 15, 2020 Stock Market

“Big Short” investor, Michael Burry added five new stocks to his portfolio in the recently ended quarter, according to a 13F filed with the SEC. As of March 31, Burry’s hedge fund, Scion Asset had in management $387 million, with Gamestop as its biggest investment, representing almost 18% of Scion’s portfolio.

The coronavirus pandemic and market sell-off failed to discourage Burry from adding five new large-cap stakes to his portfolio, including stakes of Boeing which sold off more than 50% in Q1 2020. Burry has always been known for his daring market decisions, especially making costly bets in bearish markets. In March, he revealed in an interview with Bloomberg that he made a significant bearish bet that had already started paying off despite the market sell off.

The five new stocks Burry has added to his portfolio include:

·        Jack in the Box (JACK); makes up 12.21% of Jack in the Box stake to its portfolio, with a position market value of $10.5 million

·        Facebook (FB); makes up 11.62% of Scion’s portfolio with a position market value of $10.0 million

·        Boeing (BA); makes up 10.39% of Scion’s portfolio with a position market value of $8.95 million

·        The Michael’s Companies (MIK); makes up 6.11% of Scion’s portfolio with a position market value of $5.27 million

·        Discovery (DISCA); makes up 7.90% of Scion’s portfolio with a position market value of $6.8 million.

Scion Capital Q1 2020 13F Positions

 Source: Whalewisdomalpha.com

Tags: Michael Burry Scion Capital New Stakes 13F

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