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Michael James Burry (/ ˈ b ɜːr i /; born June 19, 1971) [2] is an American investor and hedge fund manager. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments.
Michael Burry refrained from posting on X, ... when the firm owned 684,000 shares worth about $862,000, or $1.26 each. Scion still owned 500,000 shares at the end of September, worth nearly $1.6 ...
Burry also made a substantial bet on gold by purchasing 440,729 shares of Sprott Physical Gold Trust, valued at $7.6 million at the end of Q1, making it the fifth-largest position in his portfolio.
Michael Burry's Scion Asset Management ramped up its bets on three ... The investor of "The Big Short" fame bolstered his Alibaba position by 29% to 200,000 shares worth around $21 million at the ...
In 2000, Gotham Capital helped Michael Burry create his hedge fund Scion Capital by buying 25% of its capital for one million dollars after taxes. [9] In October 2006, Gotham's investment in the funds managed by Scion amounted to $100 million. [9] Gotham exited its investments both in the managed funds by Scion Capital and as a shareholder. [9]
Burry also made a substantial bet on gold by purchasing 440,729 shares of Sprott Physical Gold Trust (PHYS), valued at $7.6 million at the end of Q1, making it the fifth-largest position in his ...
The Scion Asset Management boss slashed his stock portfolio from 11 holdings to just one, cutting its value from $165 million to $3.3 million.
At the end of the first quarter, 20% of Scion’s portfolio consisted of bullish bets on e-commerce giants JD.com and Alibaba Group, but by Q2 2023 Burry had liquidated the holdings.