Michael Burry Takes a loss on PACW and FRCB in 13F Q1 update

Scion Asset Management published their 13F for Q1 2023

Michael Burry added 17 holdings, and exited 5 holdings. His strategy for the past Q seemed to focus on the distressed banking sector, and China

New Holdings:

1. SIG
2. NYCB
3. ZM ~ Fellow Cathie Wood
4. COF
5. SSW
6. LILAK
7. CI
8. WFC
9. WAL
10. CTRA
11. NOV
12. DVN
13. PACW ~$9/share for 250,000 shares
14. FRC ~ $13/Share for 150,000 Shares
15. HBAN
16. REAL
17. OVV

Increased positions in:

1. JD
2. BABA

Exit Trim:

1. COHR
2. GEO
3. BKI
4. WWW
5. MGM
6. QRTEA
7. SKYW

Just a reminder, don't follow the strategy of any investor especially Michael Burry, who likes icky distressed investments, and has a high turnover ratio. This post is just for shits and giggles.

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https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001649339