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 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$26.6M |
| 2 |
Ovintiv
OVV
|
+$16.1M |
| 3 |
The GEO Group
GEO
|
+$15.7M |
| 4 |
Scorpio Tankers
STNG
|
+$8.33M |
| 5 |
CVS Health
CVS
|
+$7.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ingles Markets
IMKTA
|
+$9.25M |
| 2 |
Zymeworks
ZYME
|
+$8.88M |
| 3 |
Lumen
LUMN
|
+$8.68M |
| 4 |
DNOW Inc
DNOW
|
+$7.06M |
| 5 |
RPT
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
|
+$6.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 93.44% |
| 2 | Industrials | 1.88% |
| 3 | Energy | 1.54% |
| 4 | Healthcare | 1.34% |
| 5 | Communication Services | 1.19% |
Similar funds
Scion Asset Management's Q2 2021 Portfolio in Review
As of Q2 2021, Scion Asset Management held 40 positions worth $2.08B, up 54% from $1.35B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Scion Asset Management's Q2 2021 filing shows 9 new, 12 increased, 1 reduced and 18 closed positions. Its largest new stake was Discovery, Inc. Series C Common Stock: 855,084 shares worth $24.8M. The largest sale was Ingles Markets, an estimated $9.25M.
By sector, the portfolio is most concentrated in Miscellaneous at 93% of assets, up from 92% a quarter earlier, followed by Industrials and Energy.
- Scion Asset Management's largest Q2 2021 buy was Discovery, Inc. Series C Common Stock: 855,084 shares worth $24.8M.
- Scion Asset Management added most to Scorpio Tankers in Q2 2021, an estimated $8.33M increase.
- Scion Asset Management fully exited Ingles Markets in Q2 2021, selling an estimated $9.25M.
- Scion Asset Management's ten largest holdings make up 93% of its $2.08B portfolio in Q2 2021.
- Scion Asset Management opened 9 new positions and closed 18 in Q2 2021.
- Scion Asset Management's portfolio value rose 54% quarter-over-quarter to $2.08B.
Based on Scion Asset Management's 13F filing for Q2 2021, filed 16 Aug 2021.