In 2000 Michael Burry founded hedge fund Scion Capital. During first year of its operation while S&P 500 fell 11.88% Burry made for his investors 55% thanks to short selling of of overvalued internet companies. Next year Scion Capital was also ahead of market — S&P 500 fell 22.1% while Burry made +16% for his fund. In 2004 Michael Burry fund was up 50%!
But the real success came to Michael Burry during the global financial crisis. His bet against mortgage-based securities made him personally ~$100 million! His investors made more than $700 million combined. This story is chronicled in the famous movie «The Big Short».
In 2009 Michael Burry closed his fund and retired. Then in 2013 he decided to go back to business. His current investment vehicle is called Scion Asset Management. Please, take a look at its current holdings.
Scion Asset Management Stock Portfolio as of 31 December, 2021 (reported to SEC on 14 February, 2022)
| Company | Ticker | Market value as of 31 December, 2021 | Number of shares |
| Bristol-Myers Squibb | BMY | 18,705,000 | 300,000 |
| Fidelity National Financial Inc. | FNF | 16,959,000 | 325,000 |
| General Dynamics | GD | 16,678,000 | 80,000 |
| Aea Bridges Impact Corp Cl A | IMPX | 3,668,000 | 1,000,100 |
| GEO Group Inc. | GEO | 6,588,000 | 850,000 |
| CoreCivic Inc. | CXW | 555,427 | 5,538,000 |
| Total market value ($) | 74,459,000 |
Source: SEC report