Scion Asset Management's the hedge fund run by Michael Burry of 'The Big Short' fame, liquidated almost all of its equity portfolio in Q2, according to a report by MarketWatch.
Scion Asset Management, the hedge fund run by Michael Burry of 'The Big Short' fame, liquidated almost all of its equity portfolio in Q2, according to a report by MarketWatch.
The report cites the hedge fund's latest 13-F regulatory filing as revealing that it exited positions in 12 stocks during the the second quarter of the year including Alphabet Inc, Apple Inc, Bristol Myer-Squibb Co, Meta Platforms Inc, and Nexstar Media Group Inc, and now holds just one position – a 3.82% stake in GEO Group Inc acquired in Q2.
Burry, who rose to fame after correctly predicting the financial crisis in 2008, with his bet on the housing market collapse later becoming the subject of a book and a movie, titled “The Big Short”, tweeted cryptically on Monday "Serenity now" accompanied by a short video clip of boats bobbing calmly at anchor.
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