原文標題：Burry’s Scion sold all Gamestop shares in Q4 before GME went
stratospheric, 13F filing shows.
原文連結：https://bit.ly/3k32uwm
發布時間：February 16, 2021
原文內容：
Back on April 10, 2020, Michael Burry, who gained fame as a major character
in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME)
disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME’s
outstanding shares. With GME then traded around $4, Burry disclosed he’d
previously sent GME’s board several letters recommending an aggressive share
buyback. No one, including Burry, could have foreseen that GME shares would
surge as high as $483 in late January of 2021 due to an epic short squeeze,
sparked by RC Ventures 13D/A filings then fully ignited by retail Reddit
traders. Unfortunately for Burry, it appears Scion sold all Gamestop shares
before GME went stratospheric.
Scion Asset Management first reported a position in Gamestop for Q4 of 2018.
At that time, Burry bought 536,862 shares at a cost estimated by WhaleWisdom
to be $12.62. He added to the position in Q1 of 2019. But the the fund
reported selling its entire 650,000 share position during the second quarter
of 2019, losing possibly at much as 50% on the trade.
Scion sold all Gamestop shares in Q4. Did Burry leave $1B on the table?
However, in an abrupt turnaround, Burry bought 3,000,000 GME shares during Q3
of last year, making Gamestop Scion’s #1 holding. Then, in a 13D filing — a
first for the publicity shy money manager — Burry sent a letter to the the
board of directors of Gamestop, urging the Board to direct a $300M repurchase
authorization. At the time, GME had a market cap of around $310M.
On Jan. 27, 2021, the closing market cap of GME was about $24.2 Billion. If
Burry’s Scion sold all Gamestop shares on that day, the fund’s profit could
have been in the neighborhood of $343 per share — possibly a $1B profit for
a fund with recent AUM of about $390M.
But, according to today’s 13F filing, Burry sold all GME shares during Q4 of
2020 that ended on December 31. GME closed at $18.34 on that date.
心得/評論：
之前 GME 之亂的時候一堆人在猜 Michael Burry 到底賣了沒
謎底揭曉，根據 13F filing
Michael Burry 在Q4就清倉 GME
所以沒吃到 GME 大漲
不然 Burry 就有更多燃料可以去空 TSLA