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 |
FRC
First Republic Bank
FRC
|
+$15.4M |
| 2 |
Signet Jewelers
SIG
|
+$9.27M |
| 3 |
JD.com
JD
|
+$9.04M |
| 4 |
Capital One
COF
|
+$7.85M |
| 5 |
Sibanye-Stillwater
SBSW
|
+$7.76M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$9.26M |
| 2 |
The GEO Group
GEO
|
+$6.51M |
| 3 |
Wolverine World Wide
WWW
|
+$3.89M |
| 4 |
MGM Resorts International
MGM
|
+$3.35M |
| 5 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$2.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 29.71% |
| 2 | Financials | 24.39% |
| 3 | Technology | 11.36% |
| 4 | Energy | 8.97% |
| 5 | Materials | 6.22% |
Similar funds
Scion Asset Management's Q1 2023 Portfolio in Review
As of Q1 2023, Scion Asset Management held 26 positions worth $107M, up 130% from $46.5M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Scion Asset Management deployed $87.7M of net new capital in Q1 2023, opening 17 new positions and adding to 2 existing holdings. Its largest new stake was First Republic Bank: 150,000 shares worth $2.1M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, down from 39% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was The GEO Group, an estimated $6.51M trimmed.
- Scion Asset Management's largest Q1 2023 buy was First Republic Bank: 150,000 shares worth $2.1M.
- Scion Asset Management added most to JD.com in Q1 2023, an estimated $9.04M increase.
- Scion Asset Management's biggest Q1 2023 reduction was The GEO Group, cutting an estimated $6.51M.
- Scion Asset Management fully exited Black Knight, Inc. Common Stock in Q1 2023, selling an estimated $9.26M.
- Scion Asset Management's ten largest holdings make up 73% of its $107M portfolio in Q1 2023.
- Scion Asset Management opened 17 new positions and closed 5 in Q1 2023.
- Scion Asset Management's portfolio value rose 130% quarter-over-quarter to $107M.
Based on Scion Asset Management's 13F filing for Q1 2023, filed 15 May 2023.