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Scion Asset Management Portfolio holdings

AUM $1.38B
1-Year Est. Return 43.96%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+28.4%
1 Year Est. Return
-43.96%
3 Year Est. Return
-1.91%
5 Year Est. Return
+86.43%
10 Year Est. Return
–
AUM
$225M
AUM Growth
-$106M
Cap. Flow
-$140M
Cap. Flow %
-62.24%
Top 10 Hldgs %
65.94%
Holding
44
New
11
Increased
3
Reduced
9
Closed
21

Top Buys

Rank Stock Value
1
DNOW icon
DNOW Inc
DNOW
+$8.44M
2
GEO icon
The GEO Group
GEO
+$8.1M
3
CXW icon
CoreCivic
CXW
+$7.19M
4
WFC icon
Wells Fargo
WFC
+$6.47M
5
TAP icon
Molson Coors Class B
TAP
+$6.18M

Top Sells

Rank Stock Value
1
GME icon
GameStop
GME
+$17.4M
2
META icon
Meta Platforms (Facebook)
META
+$13.1M
3
CVS icon
CVS Health
CVS
+$8.76M
4
TCOM icon
Trip.com Group
TCOM
+$7.79M
5
QRVO icon
Qorvo
QRVO
+$7.74M

Sector Composition

Rank Sector Weight
1 Industrials 11.04%
2 Communication Services 10.6%
3 Real Estate 10.31%
4 Financials 7.97%
5 Consumer Discretionary 6.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVS icon
26
CVS Health
CVS
$133B
– –
-150,000
Closed -$8.76M
FL
27
CALL
DELISTED
Foot Locker
FL
– –
-180,000
Closed -$5.95M
GME icon
28
GameStop
GME
$8.62B
– –
-6,813,600
Closed -$17.4M
GOOG icon
29
CALL
Alphabet (Google) Class C
GOOG
$4.59T
– –
-800,000
Closed -$58.8M
GS icon
30
CALL
Goldman Sachs
GS
$311B
– –
-73,600
Closed -$14.8M
JPM icon
31
CALL
JPMorgan Chase
JPM
$950B
– –
-86,000
Closed -$8.28M
LILA icon
32
Liberty Latin America Class A
LILA
$1.69B
– –
-73,116
Closed -$410K
LVS icon
33
CALL
Las Vegas Sands
LVS
$29.8B
– –
-153,000
Closed -$7.14M
META icon
34
CALL
Meta Platforms (Facebook)
META
$1.5T
– –
-45,000
Closed -$11.8M
META icon
35
Meta Platforms (Facebook)
META
$1.5T
– –
-50,000
Closed -$13.1M
MO icon
36
Altria Group
MO
$114B
– –
-200,000
Closed -$7.73M
NOV icon
37
CALL
NOV
NOV
$7.13B
– –
-163,600
Closed -$1.48M
PARA
38
CALL
DELISTED
Paramount Global Class B
PARA
– –
-86,000
Closed -$2.41M
PDS
39
Precision Drilling
PDS
$979M
– –
-225,000
Closed -$2.88M
QRVO icon
40
Qorvo
QRVO
$8.38B
– –
-60,000
Closed -$7.74M
TCOM icon
41
Trip.com Group
TCOM
$29.5B
– –
-250,000
Closed -$7.79M
WDC icon
42
CALL
Western Digital
WDC
$189B
– –
-357,210
Closed -$9.87M
WYNN icon
43
CALL
Wynn Resorts
WYNN
$10.1B
– –
-70,000
Closed -$5.03M
ROIC
44
DELISTED
Retail Opportunity Investments Corp.
ROIC
– –
-500,000
Closed -$5.21M
1
2

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Scion Asset Management's Q4 2020 Portfolio in Review

As of Q4 2020, Scion Asset Management held 44 positions worth $225M, down 32% from $330M the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Scion Asset Management withdrew a net $140M in Q4 2020, closing 21 positions and reducing 9 holdings. Its most notable exit was GameStop, an estimated $17.4M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 11% of assets, up from 0% a quarter earlier, followed by Communication Services and Real Estate.

Against the trend, Scion Asset Management opened a new position in DNOW Inc worth $10.8M.

  • Scion Asset Management's largest Q4 2020 buy was DNOW Inc: 1,500,000 shares worth $10.8M.
  • Scion Asset Management added most to Urstadt Biddle Properties Inc. Class A in Q4 2020, an estimated $4.47M increase.
  • Scion Asset Management's biggest Q4 2020 reduction was Warner Bros, cutting an estimated $6.13M.
  • Scion Asset Management fully exited GameStop in Q4 2020, selling an estimated $17.4M.
  • Scion Asset Management's ten largest holdings make up 66% of its $225M portfolio in Q4 2020.
  • Scion Asset Management opened 11 new positions and closed 21 in Q4 2020.
  • Scion Asset Management's portfolio value fell 32% quarter-over-quarter to $225M.

Based on Scion Asset Management's 13F filing for Q4 2020, filed 16 Feb 2021.