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 |
Expedia Group
EXPE
|
+$9.8M |
| 2 |
Charter Communications
CHTR
|
+$8.53M |
| 3 |
CVS Health
CVS
|
+$7.12M |
| 4 |
MGM Resorts International
MGM
|
+$6.41M |
| 5 |
Generac Holdings
GNRC
|
+$6.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JD.com
JD
|
+$11M |
| 2 |
Alibaba
BABA
|
+$10.2M |
| 3 |
Zoom
ZM
|
+$7.38M |
| 4 |
Capital One
COF
|
+$7.21M |
| 5 |
Sibanye-Stillwater
SBSW
|
+$6.66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.04% |
| 2 | Communication Services | 1.29% |
| 3 | Industrials | 1% |
| 4 | Energy | 0.89% |
| 5 | Healthcare | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HPP
26
Hudson Pacific Properties
HPP
$748M
| $1.05M | 0.06% |
+35,714
| New | +$1.28M |
|
27
iShares MSCI Japan Small-Cap ETF
SCJ
$253M
| $923K | 0.05% |
+13,500
| New | +$928K |
|
28
Franklin FTSE Japan ETF
FLJP
$3.98B
| $812K | 0.05% |
+30,000
| New | +$796K |
|
|
CMBT
29
CMB.TECH NV
CMBT
$4.7B
| $805K | 0.05% |
+52,900
| New | +$862K |
|
30
iShares MSCI Japan ETF
EWJ
$22B
| $619K | 0.04% |
+10,000
| New | +$602K |
|
|
PDS
31
Precision Drilling
PDS
$1,000M
| $569K | 0.03% |
+11,630
| New | +$555K |
|
32
Safe Bulkers
SB
$797M
| $416K | 0.02% |
+127,525
| New | +$448K |
|
33
iShares MSCI Japan Value ETF
EWJV
$709M
| $372K | 0.02% |
+13,600
| New | +$360K |
|
|
34
Alibaba
BABA
$292B
| – | – |
-100,000
| Closed | -$10.2M |
|
|
35
Capital One
COF
$128B
| – | – |
-75,000
| Closed | -$7.21M |
|
36
Coherent
COHR
$51.8B
| – | – |
-125,000
| Closed | -$4.76M |
|
|
CTRA
37
DELISTED
Coterra Energy
CTRA
| – | – |
-150,000
| Closed | -$3.68M |
|
38
Devon Energy
DVN
$52B
| – | – |
-48,298
| Closed | -$2.44M |
|
39
Huntington Bancshares
HBAN
$34.5B
| – | – |
-184,900
| Closed | -$2.07M |
|
|
40
JD.com
JD
$44.5B
| – | – |
-250,000
| Closed | -$11M |
|
41
NOV
NOV
$6.92B
| – | – |
-143,594
| Closed | -$2.66M |
|
42
Ovintiv
OVV
$17.3B
| – | – |
-22,500
| Closed | -$812K |
|
|
43
Sibanye-Stillwater
SBSW
$6.26B
| – | – |
-800,000
| Closed | -$6.66M |
|
44
Western Alliance Bancorporation
WAL
$8.81B
| – | – |
-125,000
| Closed | -$4.44M |
|
45
Wells Fargo
WFC
$262B
| – | – |
-125,000
| Closed | -$4.67M |
|
|
46
Zoom
ZM
$28.2B
| – | – |
-100,000
| Closed | -$7.38M |
|
|
PACW
47
DELISTED
PacWest Bancorp
PACW
| – | – |
-250,000
| Closed | -$2.43M |
|
|
FRC
48
DELISTED
First Republic Bank
FRC
| – | – |
-150,000
| Closed | -$2.1M |
|
Similar funds
Scion Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Scion Asset Management held 48 positions worth $1.74B, up 1,524% from $107M the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Scion Asset Management deployed $1.51B of net new capital in Q2 2023, opening 27 new positions and adding to 3 existing holdings. Its largest new stake was Expedia Group: 100,000 shares worth $10.9M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2% of assets, down from 30% a quarter earlier, followed by Communication Services and Industrials.
On the sell side, the largest reduction was Flagstar Bank National Association, an estimated $6.57M trimmed.
- Scion Asset Management's largest Q2 2023 buy was Expedia Group: 100,000 shares worth $10.9M.
- Scion Asset Management added most to The GEO Group in Q2 2023, an estimated $1.55M increase.
- Scion Asset Management's biggest Q2 2023 reduction was Flagstar Bank National Association, cutting an estimated $6.57M.
- Scion Asset Management fully exited JD.com in Q2 2023, selling an estimated $11M.
- Scion Asset Management's ten largest holdings make up 97% of its $1.74B portfolio in Q2 2023.
- Scion Asset Management opened 27 new positions and closed 15 in Q2 2023.
- Scion Asset Management's portfolio value rose 1,524% quarter-over-quarter to $1.74B.
Based on Scion Asset Management's 13F filing for Q2 2023, filed 14 Aug 2023.