November 27, 2023

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Michael Burry's Mixed Portfolio: Semiconductor Loss, Stellantis Gain, Scion's Diversity

January 4, 2024

Famed for 'The Big Short,' Burry faces substantial losses from his bearish stance on the semiconductor sector revealed in Q3.

Michael Burry's Semiconductor Losses

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Burry's bet against the chip ETF, SOXX, turned sour as it reached a new all-time high, undermining his put options.

SOXX ETF Bet Gone Awry

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Despite losses, Scion maintains profitable positions, with its largest individual stock holding, Stellantis, showing a notable 30% return.

Scion Asset Management's Profitable Positions

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Stellantis: Scion's Largest Holding

Stellantis captures 17.43% of Scion's portfolio, with 400,000 shares. The investment is up nearly 30% from the average buy price.

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Scion's Best-Performing Stock

Hudson Pacific Properties, a real estate investment trust, is Scion's best-performing stock with a 113% surge in the past 6 months.

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Noteworthy Returns on Other Stocks

Booking Holdings, The RealReal, and Crescent Energy Company delivered returns of 22.7%, 32.2%, and 21.5% from Scion's average buy prices.

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Mixed Performances

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Positions in Chinese giants Alibaba and JD.com are down 8.9% and 8.7%, respectively, compared to their average buy prices.