Source: Zhitong Finance
According to the US Securities and Exchange Commission (SEC), Scion Asset Management, a prototype of the Hollywood movie “The Big Short” and managed by world-renowned hedge fund manager Michael Burry (Michael Burry), submitted a US stock position report (13F) for the first quarter ending March 31, 2024.
According to statistics, Scion, a subsidiary of the “big short” Michael Barry, had a total market value of about 103 million US dollars in the first quarter, and the total market value of positions held in the previous quarter was about 94.6 million US dollars, an increase over the previous quarter. The asset management company added 5 new shares to its portfolio in the first quarter of this year, increased its holdings by 11 shares, did not reduce any shares, and cleared 14 shares. Among them, the top ten holdings account for 75.41% of Scion's total market value.
Among Scion's top ten biggest positions in the first quarter under the “big short” Michael Barry, Barry, which has always been known for his shorting style, rarely increased his holdings of the top ten stocks across the board. Barry won the ultimate victory in a reverse mortgage game on the eve of the 2008 financial crisis. It can be said that he earned a lot of money during this global financial crisis, and became famous.
Among them, JD.US (JD.US), the largest shareholder of Barry's Scion Asset Management Company, received a massive 80% increase in its holdings. The agency's second-largest stock, the Chinese e-commerce giant$Alibaba (BABA.US)$It also increased its holdings by nearly 67%.
Among the top ten heavy-held stocks, mutual funds that focus on physical gold assets —$Sprott Physical Gold Trust (PHYS.US)$ The agency's new position is characterized by directly holding physical gold rather than gold derivatives or stocks, providing investors interested in holding physical gold bars with investment alternatives under exchange transactions.$Sprott Physical Gold Trust (PHYS.U.CA)$ Once the position was opened, it ranked fifth, suggesting that “big short” Michael Barry was very optimistic about the future trend of gold in the first quarter. Under multiple stimuli such as expectations of the Federal Reserve's interest rate cut and the geopolitical situation, gold spot and futures prices can be described as booming since this year, and finally reached this all-time high in April. In April, the price of gold once hit a record high of more than 2,400 US dollars per ounce, mainly because the market feared that Iran's attack on Israel might lead to an escalation of the war in the Middle East. US Healthcare Service Providers$The Cigna Group (CI.US)$and European oil giants$BP PLC (BP.US)$It is also the target of a newly created position among the top ten positions.
Looking specifically at it,$JD.com (JD.US)$It is the largest holding target of Scion, a subsidiary of Bari. It holds 360,000 shares, with a market value of about US$9.86 million, accounting for 9.53% of the portfolio, a significant increase of 80% over the number of holdings held in the previous quarter.
$Alibaba (BABA.US)$It ranked as the agency's second-largest holding target, holding 125,000 shares, with a market value of about US$9.05 million, accounting for 8.74% of the portfolio, a significant increase of 66.67% over the number of positions held in the previous quarter.
$HCA Healthcare (HCA.US)$It is the third largest holding position, holding about 25,000 shares, with a market value of about US$8.34 million, accounting for 8.06% of the portfolio, an increase of 25% over the number of holdings in the previous quarter.
$Citigroup (C.US)$It is the fourth largest holding position, holding 125,000 shares, with a market value of about US$7.91 million, accounting for 7.64% of the portfolio, an increase of 25% over the number of holdings in the previous quarter.
$Sprott Physical Gold Trust (PHYS.CA)$ (PHYS.US) ranked fifth, holding about 440,000 shares, with a market value of about US$7.62 million, accounting for 7.37% of the portfolio. It was the first time the agency opened a new position in the first quarter.
Among Barry's top ten Scion stocks, the ones ranked 6-10 were: Block (SQ.US), Cigna (CI.US),$Advance Auto Parts (AAP.US)$ Inc (AAP.US), British Petroleum (BP.US), and$Vital Energy (VTLE.US)$. All of these targets received a significant increase in the agency's holdings. Among them, Block, which has the title of “US Alipay,” received an 80% increase in holdings, and British Petroleum and Cigna (CI.US) built new positions in the first quarter.
Judging from the changes in position ratio, Scion, a subsidiary of “big short” Michael Barry, had the top five buying targets in the first quarter:$Sprott Physical Gold Trust (PHYS.US)$, Cigna, British Petroleum,$First Solar (FSLR.US)$and$Baidu (BIDU.US)$. Among them, the US solar giant and Chinese tech giant Baidu are the ones to build new warehouses and are ranked 13th and 14th respectively in Barrie's Scion holdings ratio.
Michael Barry's Scion's top five sales targets in the first quarter were:$Oracle (ORCL.US)$,$CVS Health (CVS.US)$, $Nexstar Media Group (NXST.US)$, Google (GOOGL.US), and$Amazon (AMZN.US)$. US tech giants Amazon, Google, and Amazon were all cleared by “big shorts” in the first quarter. Since 2023, the stock prices of these tech giants have been rising steadily. The “big short” move may have ended in profit.
edit/lambor