Dr. Michael J. Burry - a well known investor who predicted a financial crisis in 2008 - runs Scion Asset Management (SAM). Scion Asset Management is a hedge fund based out of Saratoga and consists of 5 clients and discretionary assets under management (AUM) of $638,901,404 (Form ADV from 2021-03-31). SAM's last reported 13F filing for Q1 2021 included $1,353,930,000 in managed 13F securities.
The following table presents a top 10 holdings with a concentration of 91.57% SAM's portfolio.
Table 1 Top 10 holdings of SAM.
What is interesting is that Scion Asset Management's bets that Tesla's value will crash. PUT contracts are worth $534,411,000 and it constitutes 39.47% of SAM's portfolio. 13F does not tell us when put contracts expire.
Tesla closed at $572.84 in June 3, 2021.
Time will show us whether it is a perfect bet.
