Michael Burry's Scion buys bank and energy stocks in Q1, sells MGM, Skywest

Scion Asset Management invested in some of the bank stocks that fell the most after the collapse of three banks at the end of Q1, according to the firm's latest 13F filing.
The firm, headed by Michael Burry who correctly bet against mortgages before the 2008 financial crisis, took new stakes in $First Republic Bank (FRCB.US)$ $Capital One Financial (COF.US)$ $Huntington Bancshares (HBAN.US)$ $New York Community Bancorp (NYCB.US)$ $PacWest Bancorp (PACW.US)$ $Wells Fargo & Co (WFC.US)$ $Western Alliance Bancorp (WAL.US)$

$Western Alliance Bancorp (WAL.US)$ stock climbed 14% in Monday afternoon trading and $PacWest Bancorp (PACW.US)$ gained 7.0%.

In another big move, the $TheRealReal (REAL.US)$ sent the online retailer's stock up ~20% in Monday afternoon trading.

Among other investments, Scion took new stakes in energy companies Coterra Energy ( $Coterra Energy (CTRA.US)$ ) (150K shares), Devon Energy ( $Devon Energy (DVN.US)$ ) (48K shares), and precious metals mining company Sibanye Stillwater ( $Sibanye Stillwater (SBSW.US)$ ) (800K shares), according to the filing.

Last quarter, Burry bought $Alibaba (BABA.US)$ , SkyWest and MGM in Q4 before tweeting "Sell" in Q1.