Scion Asset Management Portfolio holdings
Scion Asset Management, LLC, founded in 2013 by Dr. Michael J. Burry and headquartered in Saratoga, California, is a private investment firm managing approximately $196 million in discretionary assets across four private investment funds as of early 2024. Led by Burry, famously portrayed in *The Big Short* for predicting the 2008 subprime mortgage crisis, the firm focuses on long-term capital appreciation through a value-oriented, research-driven approach, investing in a diverse range of securities including equities, debt, and derivatives, often with a contrarian bent. Unlike traditional advisory firms, Scion caters exclusively to institutional clients and pooled investment vehicles, such as its Cayman Islands- and Delaware-based funds, requiring minimum investments from $500,000 to $1.5 million, and does not serve individual retail investors directly. With a small team of six, including key figures like COO Zaeed Kalsheker, Scion maintains a low-profile yet influential presence, leveraging Burry’s deep market insights to navigate complex economic landscapes.
Top Buys
| 1 |
Molina Healthcare
MOH
|
+$23M |
| 2 |
SLM Corp
SLM
|
+$15M |
| 3 |
BRKRP
Bruker Corporation 6.375% Series A Preferred Stock
BRKRP
|
+$12.9M |
| 4 |
lululemon athletica
LULU
|
+$10M |
Top Sells
| 1 |
Estee Lauder
EL
|
+$12.1M |
| 2 |
Bruker
BRKR
|
+$10.3M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$7.88M |
| 4 |
Mercado Libre
MELI
|
+$7.84M |
| 5 |
UnitedHealth
UNH
|
+$6.24M |
Sector Composition
| 1 | Healthcare | 1.73% |
| 2 | Consumer Discretionary | 1.29% |
| 3 | Financials | 0.96% |
| 4 | Consumer Staples | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Palantir
PLTR
$317B
| $912M | 66.04% |
+5,000,000
| New | +$810M |
|
2
PUT
NVIDIA
NVDA
$4.91T
| $187M | 13.51% |
+1,000,000
| New | +$174M |
|
3
CALL
Pfizer
PFE
$143B
| $153M | 11.07% |
+6,000,000
| New | +$148M |
|
4
CALL
Halliburton
HAL
$29.4B
| $61.5M | 4.45% |
+2,500,000
| New | +$55.3M |
|
|
5
Molina Healthcare
MOH
$11.7B
| $23.9M | 1.73% |
+125,000
| New | +$23M |
|
|
6
lululemon athletica
LULU
$13.2B
| $17.8M | 1.29% |
100,000
+50,000
| +100% | +$10M |
|
|
7
SLM Corp
SLM
$4.78B
| $13.3M | 0.96% |
+480,054
| New | +$15M |
|
|
BRKRP
8
Bruker Corporation 6.375% Series A Preferred Stock
BRKRP
$1.2B
| $13.1M | 0.95% |
+48,334
| New | +$12.9M |
|
9
CALL
ASML
ASML
$671B
| – | – |
-25,000
| Closed | -$20M |
|
10
CALL
Alibaba
BABA
$276B
| – | – |
-250,000
| Closed | -$28.4M |
|
|
11
Bruker
BRKR
$8.86B
| – | – |
-250,000
| Closed | -$10.3M |
|
|
12
CALL
Estee Lauder
EL
$29.7B
| – | – |
-500,000
| Closed | -$40.4M |
|
|
13
Estee Lauder
EL
$29.7B
| – | – |
-150,000
| Closed | -$12.1M |
|
14
CALL
JD.com
JD
$40B
| – | – |
-1,000,000
| Closed | -$32.6M |
|
|
15
CALL
lululemon athletica
LULU
$13.2B
| – | – |
-400,000
| Closed | -$95M |
|
|
16
Mercado Libre
MELI
$92B
| – | – |
-3,000
| Closed | -$7.84M |
|
17
CALL
Meta Platforms (Facebook)
META
$1.64T
| – | – |
-100,000
| Closed | -$73.8M |
|
|
18
CALL
Regeneron Pharmaceuticals
REGN
$70.9B
| – | – |
-200,000
| Closed | -$105M |
|
|
19
Regeneron Pharmaceuticals
REGN
$70.9B
| – | – |
-15,000
| Closed | -$7.88M |
|
|
20
CALL
UnitedHealth
UNH
$387B
| – | – |
-350,000
| Closed | -$109M |
|
|
21
UnitedHealth
UNH
$387B
| – | – |
-20,000
| Closed | -$6.24M |
|
22
CALL
VF Corp
VFC
$6.66B
| – | – |
-1,500,000
| Closed | -$17.6M |
|
Similar funds
Scion Asset Management's Q3 2025 Portfolio in Review
As of Q3 2025, Scion Asset Management held 22 positions worth $1.38B, up 139% from $578M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Scion Asset Management deployed $683M of net new capital in Q3 2025, opening 7 new positions and adding to 1 existing holding. Its largest new stake was Molina Healthcare: 125,000 shares worth $23.9M.
By sector, the portfolio is most concentrated in Healthcare at 1.7% of assets, down from 4.2% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the most notable exit was Estee Lauder, an estimated $12.1M sold.
- Scion Asset Management's largest Q3 2025 buy was Molina Healthcare: 125,000 shares worth $23.9M.
- Scion Asset Management added most to lululemon athletica in Q3 2025, an estimated $10M increase.
- Scion Asset Management fully exited Estee Lauder in Q3 2025, selling an estimated $12.1M.
- Scion Asset Management's ten largest holdings make up 100% of its $1.38B portfolio in Q3 2025.
- Scion Asset Management opened 7 new positions and closed 14 in Q3 2025.
- Scion Asset Management's portfolio value rose 139% quarter-over-quarter to $1.38B.
Based on Scion Asset Management's 13F filing for Q3 2025, filed 3 Nov 2025.