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
| Rank | Stock | Value |
|---|---|---|
| 1 |
Trip.com Group
TCOM
|
+$8.19M |
| 2 |
Helmerich & Payne
HP
|
+$7.31M |
| 3 |
Copa Holdings
CPA
|
+$7.15M |
| 4 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$6.89M |
| 5 |
ROIC
Retail Opportunity Investments Corp.
ROIC
|
+$4.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$12.5M |
| 2 |
Jack in the Box
JACK
|
+$10.5M |
| 3 |
Boeing
BA
|
+$8.95M |
| 4 |
MAXR
Maxar Technologies Inc. Common Stock
MAXR
|
+$7.76M |
| 5 |
TLRD
Tailored Brands, Inc.
TLRD
|
+$6.96M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 11.05% |
| 2 | Technology | 4.34% |
| 3 | Real Estate | 3.69% |
| 4 | Communication Services | 3.35% |
| 5 | Energy | 3.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
KBAL
26
DELISTED
Kimball International
KBAL
| $1.92M | 0.61% |
+166,452
| New | +$1.9M |
|
27
CALL
Cracker Barrel
CBRL
$1.26B
| $1.65M | 0.52% |
14,900
+8,200
| +122% | +$813K |
|
28
CALL
Warner Bros
WBD
$65.9B
| $1.31M | 0.42% |
+62,200
| New | +$1.34M |
|
|
29
CALL
Helmerich & Payne
HP
$3.45B
| $341K | 0.11% |
+17,500
| New | +$341K |
|
|
30
Boeing
BA
$171B
| – | – |
-60,000
| Closed | -$8.95M |
|
|
31
Jack in the Box
JACK
$312M
| – | – |
-300,000
| Closed | -$10.5M |
|
|
32
Meta Platforms (Facebook)
META
$1.42T
| – | – |
-60,000
| Closed | -$12.5M |
|
|
MIK
33
DELISTED
Michaels Stores, Inc
MIK
| – | – |
-3,250,000
| Closed | -$5.26M |
|
|
TLRD
34
DELISTED
Tailored Brands, Inc.
TLRD
| – | – |
-4,000,000
| Closed | -$6.96M |
|
Similar funds
Scion Asset Management's Q2 2020 Portfolio in Review
As of Q2 2020, Scion Asset Management held 34 positions worth $315M, up 267% from $85.9M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Scion Asset Management deployed $198M of net new capital in Q2 2020, opening 20 new positions and adding to 6 existing holdings. Its largest new stake was Trip.com Group: 325,000 shares worth $8.42M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 11% of assets, down from 39% a quarter earlier, followed by Technology and Real Estate.
On the sell side, the largest reduction was Maxar Technologies Inc. Common Stock, an estimated $7.76M trimmed.
- Scion Asset Management's largest Q2 2020 buy was Trip.com Group: 325,000 shares worth $8.42M.
- Scion Asset Management added most to Warner Bros in Q2 2020, an estimated $3.24M increase.
- Scion Asset Management's biggest Q2 2020 reduction was Maxar Technologies Inc. Common Stock, cutting an estimated $7.76M.
- Scion Asset Management fully exited Meta Platforms (Facebook) in Q2 2020, selling an estimated $12.5M.
- Scion Asset Management's ten largest holdings make up 73% of its $315M portfolio in Q2 2020.
- Scion Asset Management opened 20 new positions and closed 5 in Q2 2020.
- Scion Asset Management's portfolio value rose 267% quarter-over-quarter to $315M.
Based on Scion Asset Management's 13F filing for Q2 2020, filed 14 Aug 2020.