Scion Asset Management Dumps Apple, Buys Alphabet

Scion Asset Management, the hedge fund popularized in Michael Lewis's book "The Big Short" and run by Michael Burry, dumped its stake in Apple Inc. and loaded up on Google parent Alphabet Inc. in the second quarter, according to a Monday filing with the Securities and Exchange Commission. Burry eliminated the fund's 75,000-share stake in Apple and took a new 15,000-share stake in Alphabet. Scion also eliminated a 100,000-stake in First Solar Inc. , as well as stakes in Gentherm Inc. and Tailored Brands Inc. Also, Scion opened a new 300,000-share position in Neophotonics Corp.