Michael Burry Portfolio Analysis + Monday's Short Interest Numbers
Today, Michael Burry- the famous “Big Short“ investor (the one who shorted the 2008 financial crisis) released the 13F for Scion Asset Management, his hedge fund.
I have done the hard work of reading through this filing for you and detailing the best plays.
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I also included the short interest numbers for today of the most shorted stocks.
GEO 0.00%↑ at a price of $7.38 is 38% of portfolio
They do detention centers and jails (aka they will benefit from a Republican controlled congress)
QRTEA 0.00%↑ at a price of $2.01 is 24% of portfolio
This is a penny stock so it can really move quick, they distribute live programming to houses so maybe this is a play on streaming services like Netflix adding ads back and he’s expecting a move back to live TV
CXW 0.00%↑ at a price of $8.84 is 16% of portfolio
They are another prison company and they manage correctional facilities. Higher crime rates happen in a recession and that’s why he likely bought this.
AJRD 0.00%↑ at a price of $40 is 12% of portfolio
They do aerospace defense and real estate and I really like this stock because I do think that the next few years will have a large focus on space and resources there
CHTR 0.00%↑ at $303.40 is 7% of portfolio
I don’t know why Burry is so bullish on cable TV but this is another company that works in that sector.
LILAK 0.00%↑ at $6.15 is 2% of portfolio
This is a holding company that does telecommunication and broadband services and he doesn’t hold a huge position here.
My favorite play is QRTEA 0.00%↑ and I have a PT of $2.50 and a stop loss of $1.90 it has a gap to fill and should move on this catalyst news.
Top shorted stocks today
Thanks for reading everyone and see you for more trades soon,
Adit Dayal