

Please try another search
By Sam Boughedda
'Big Short' fund manager Michael Burry's Scion Asset Management filed its 13F for the quarter on Monday, revealing he has added five new companies to his portfolio.
Burry, best known for his short position against the housing market ahead of the financial crash in 2008, added new stakes in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD), Charter Communications (NASDAQ:CHTR), CoreCivic (NYSE:CXW), Liberty Latin America Ltd (NASDAQ:LILAK), and Qurate Retail Group, Inc. (NASDAQ:QRTEA).
The filing revealed Burry acquired 724,895 shares in prison operator CoreCivic, worth approximately $7.8 million, while adding around 1.5M shares to his position in another prison company, Geo Group (NYSE:GEO). Burry's Geo Group stake is currently worth around $17.3M, the largest in his portfolio. The company's shares are up over 11% in 2022.
CoreCivic is up around 10% this year, while Aerojet has gained 5% in 2022. On the other hand, liberty Latin America is down about 28% this year, with Qurate falling over 76% and Charter Communications declining almost 40%
Burry has previously tweeted out a number of warnings to investors regarding a further decline in the stock market. In the second quarter, he ditched his entire portfolio, which included a stake in Facebook (NASDAQ:META) parent Meta Platforms, replacing them with a position in Geo Group.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.