Scion Asset Management, a hedge fund owned by Dr. Michael J. Burry, a "big short" prototype, released its position report for the second quarter ended June 30, 2021, according to public documents from SEC.
This is the only public way for investors to learn about his investments after Dr. Burry canceled his social media account.
The latest figures show that Scion's total position was worth about $2.08 billion in the second quarter, compared with $1.35 billion in the previous quarter (2021Q1).
From the perspective of position changes, Scion bought 9 new targets in the first quarter, increased its holdings by 12, cleared 18, and reduced its holdings by 1. It is worth noting that the top 10 heavy positions of the fund account for 92.93% of the total positions.
The top ten stocks in Scion are mainly option derivatives. Among them, the top five positions are$Tesla, Inc. (TSLA.US) $Put options,$Facebook Inc (FB.US) $Call options,$iShares Anshuo 20-year Treasurys (TLT.US) $Put options,$Alphabet Inc-CL C (GOOG.US) $Call options,$Macpherson Drug Wholesale (MCK.US) $Call options.
Among them, Tesla, Inc. 's put options account for 35.11% of the entire portfolio position, "big short" short Tesla, Inc. 's determination to be reflected in such a large position.
Tesla, Inc. 's share price continued to fluctuate at a high level and did not fall significantly in the second quarter after a sharp pullback from an all-time high of $900.
ARKK put options, which built new positions in the second quarter, now account for only 1.48 per cent of the overall portfolio. ARKK was also in a volatile trend in the second quarter.
It is worth mentioning that the largest heavy stock in ARKK is Tesla, Inc., accounting for 10.22% of its portfolio.
In the rest of the increase, Scion increased the call options of Facebook Inc by 71% and Google's call options by 14%.$CVS Health Corp (CVS.US) $The call options increased by 31%.
Edit / Ray