Michael Burry’s agency takes new positions in Aerojet, Constitution and Qurate Retail

Scion Asset Administration disclosed its shopping for motion throughout Q3 in a brand new SEC submitting launched on Monday.

Of notice, Michael Burry’s agency greater than tripled its holdings in Geo Group (NYSE:GEO) to over 2M shares.

New positions added throughout the quarter included 132.6K shares of house and protection contractor Aerojet Rocketdyne Holdings Inc. (AJRD) +1.05%, 10K shares of Constitution Communications (CHTR) -0.55%, 724.9K shares of jail operator CoreCivic Inc. (CXW) +2.85%, and 155.8K shares of telecommunications agency Liberty Latin America (LILA) +3.88%.

Scion additionally took out a brand new 5M share place in media conglomerate Qurate Retail (QRTEA), which rose 6.25% throughout the session. QRTEA and GEO had been Scion’s two largest holdings by market worth on the finish of the quarter.

Earlier within the 12 months, Scion had offered out of all of its positions except GEO.

Michael Burry has been getting some additional consideration this 12 months as a result of downward swing of the market, in addition to the sudden collapse of meme shares and the crypto sector particularly. On October 1, Burry in contrast the present market to the bubble of 2000, spelling doom for “darling higher companies” whereas saying worth was about to take off.

Learn extra detailed breakdown on Burry’s warnings from In search of Alpha creator Jordan Sauer.