Burry dumps stock portfolio…
Michael Burry’s Scion Capital Management dumped his entire stock portfolio in the second quarter as the “Big Short” hedge fund legend stepped up his warnings about a looming stock market crash, a filing showed on Monday.
Scion sold off its long positions on 11 companies during the second quarter, including bullish bets on Google parent Alphabet, Facebook parent Meta, Bristol-Meyers Squibb and Nexstar Media Group, according to the company’s latest 13‑F filing.
The holdings were cumulatively worth $165 million at the end of the first quarter.
Burry’s firm ended the second quarter with just one stock holding. Scion added 501,360 shares of Geo Group, a Florida-based company that invests in and operates private prisons, that were worth $3.3 million. Geo Group’s stock jumped about 12% in trading Monday.
Michael Burry has more than 1 million Twitter followers.WireImage
The Post has reached out to Scion Capital Management for comment on the filing. Burry declined Bloomberg’s request for comment.
Large hedge funds are required to disclose their holdings in publicly traded companies each quarter through 13‑F filings. The filings do not include information about short positions and are accurate as of the end of each quarter, meaning Scion’s positions may have changed since the form was submitted at the end of June.
Burry’s firm sold off a stake in Facebook parent Meta.NurPhoto via Getty Images
Burry’s bet against subprime mortgages was famously chronicled in the 2015 film “The Big Short.” He has amassed more than 1 million followers on Twitter, where he has frequently posted dire warnings about the state of the global economy in recent months.
The most recent warning came last Sunday, when Burry tweeted his view that the recent rally in the tech-heavy Nasdaq exchange was likely to be short-lived.
“Can’t shake that silly pre-Enron, pre‑9/11, pre-WorldCom feeling,” Burry said in the now-deleted tweet. He frequently deletes his tweets shortly after they are posted.
Last week, Burry cautioned of “winter …