Scion Asset Management

Q3 2016 13F · by Michael Burry, portfolio manager

As of: Sep 30, 2016
Filed: Nov 14, 2016
US stock: $35M · prev $46M
Positions: 4 · prev 6
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves6 since the prior filing

+45.7 pp in · −60.3 pp out

New 2 +45.68 pp
Added 0 0.00 pp
Trimmed 0 0.00 pp
Exited 4 −60.26 pp

The book

Very concentrated · behaves like 3 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 183% a year, about 0.6 years per position

Low
Moderate
High

Top 5 positions100% of US stock

COTY Coty Inc new+36.52 pp new+36.5236.5%
GOOG Alphabet Inc. Class C held held33.0%
HCA HCA Healthcare, Inc. held held21.4%
unresolved Gores Hldgs Inc new+9.16 pp new+9.169.2%

Positions4 in this filing · 4 exited


COTYCoty Inc	36.52%	550,000	$13M	new	+36.52 pp	new
GOOGAlphabet Inc. Class C	32.95%	15,000	$12M	held	—	2 q
HCAHCA Healthcare, Inc.	21.37%	100,000	$8M	held	—	4 q
unresolvedGores Hldgs Inc	9.16%	300,000	$3M	new	+9.16 pp	new
NXRTNexPoint Residential Trust Inc	—	−609,905	—	exited	−24.39 pp	—
TBPHTheravance Biopharma, Inc.	—	−325,000	—	exited	−16.21 pp	—
AMGNAmgen Inc	—	−40,000	—	exited	−13.38 pp	—
NPTNNeophotonics Corp	—	−300,000	—	exited	−6.28 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001140361-16-086026
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet