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 |
Zymeworks
ZYME
|
+$11.4M |
| 2 |
CVS Health
CVS
|
+$8.01M |
| 3 |
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
|
+$5.81M |
| 4 |
Occidental Petroleum
OXY
|
+$5.63M |
| 5 |
Helmerich & Payne
HP
|
+$5.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UNIT
Uniti Group
UNIT
|
+$8.5M |
| 2 |
Western Digital
WDC
|
+$8.31M |
| 3 |
Allstate
ALL
|
+$8.24M |
| 4 |
DNOW Inc
DNOW
|
+$7.82M |
| 5 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$7.68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 2.19% |
| 2 | Energy | 1.46% |
| 3 | Healthcare | 1.36% |
| 4 | Consumer Staples | 0.68% |
| 5 | Communication Services | 0.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Genco Shipping & Trading
GNK
$1.14B
| $3.58M | 0.26% |
+354,711
| New | +$3.42M |
|
|
GOGL
27
DELISTED
Golden Ocean Group
GOGL
| $3.55M | 0.26% |
+530,000
| New | +$3.19M |
|
28
Scorpio Tankers
STNG
$3.89B
| $3.51M | 0.26% |
+190,100
| New | +$2.94M |
|
29
CALL
Direxion Daily 20+ Year Treasury Bear 3X ETF
TMV
$191M
| $3.13M | 0.23% |
+153,600
| New | +$2.65M |
|
|
WHWK
30
Whitehawk Therapeutics
WHWK
$196M
| $1.29M | 0.1% |
+66,667
| New | +$1.53M |
|
|
UBA
31
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $874K | 0.06% |
52,512
-372,488
| -88% | -$5.86M |
|
|
32
Allstate
ALL
$67.6B
| – | – |
-75,000
| Closed | -$8.24M |
|
33
Ares Capital
ARCC
$13.8B
| – | – |
-125,000
| Closed | -$2.11M |
|
34
CALL
Citigroup
C
$224B
| – | – |
-539,600
| Closed | -$33.3M |
|
35
Designer Brands
DBI
$331M
| – | – |
-900,000
| Closed | -$6.88M |
|
36
HF Sinclair
DINO
$15.8B
| – | – |
-250,000
| Closed | -$6.46M |
|
37
The GEO Group
GEO
$4.19B
| – | – |
-845,152
| Closed | -$7.49M |
|
38
CALL
Pfizer
PFE
$143B
| – | – |
-844,300
| Closed | -$31.1M |
|
39
Molson Coors Class B
TAP
$7.86B
| – | – |
-150,000
| Closed | -$6.78M |
|
|
UNIT
40
Uniti Group
UNIT
$2.34B
| – | – |
-725,000
| Closed | -$8.5M |
|
41
Warner Bros
WBD
$65.4B
| – | – |
-250,000
| Closed | -$7.52M |
|
|
42
Western Digital
WDC
$182B
| – | – |
-198,450
| Closed | -$8.31M |
|
43
Wells Fargo
WFC
$266B
| – | – |
-250,000
| Closed | -$7.54M |
|
|
QVCGA
44
DELISTED
QVC Group Inc Series A
QVCGA
| – | – |
-14,000
| Closed | -$7.68M |
|
|
KBAL
45
DELISTED
Kimball International
KBAL
| – | – |
-500,000
| Closed | -$5.97M |
|
|
MSGN
46
DELISTED
MSG Networks Inc.
MSGN
| – | – |
-345,000
| Closed | -$5.08M |
|
Similar funds
Scion Asset Management's Q1 2021 Portfolio in Review
As of Q1 2021, Scion Asset Management held 46 positions worth $1.35B, up 503% from $225M the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Scion Asset Management deployed $1.16B of net new capital in Q1 2021, opening 23 new positions and adding to 4 existing holdings. Its largest new stake was Zymeworks: 281,018 shares worth $8.88M.
By sector, the portfolio is most concentrated in Industrials at 2.2% of assets, down from 11% a quarter earlier, followed by Energy and Healthcare.
On the sell side, the largest reduction was DNOW Inc, an estimated $7.82M trimmed.
- Scion Asset Management's largest Q1 2021 buy was Zymeworks: 281,018 shares worth $8.88M.
- Scion Asset Management added most to Ingles Markets in Q1 2021, an estimated $2.02M increase.
- Scion Asset Management's biggest Q1 2021 reduction was DNOW Inc, cutting an estimated $7.82M.
- Scion Asset Management fully exited Uniti Group in Q1 2021, selling an estimated $8.5M.
- Scion Asset Management's ten largest holdings make up 92% of its $1.35B portfolio in Q1 2021.
- Scion Asset Management opened 23 new positions and closed 15 in Q1 2021.
- Scion Asset Management's portfolio value rose 503% quarter-over-quarter to $1.35B.
Based on Scion Asset Management's 13F filing for Q1 2021, filed 17 May 2021.