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 |
Oracle
ORCL
|
+$5.46M |
| 2 |
HCA Healthcare
HCA
|
+$4.94M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$4.7M |
| 4 |
CVS Health
CVS
|
+$4.63M |
| 5 |
Citigroup
C
|
+$4.43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Stellantis
STLA
|
+$7.65M |
| 2 |
CMBT
CMB.TECH NV
CMBT
|
+$4.11M |
| 3 |
HPP
Hudson Pacific Properties
HPP
|
+$2.66M |
| 4 |
Crescent Energy
CRGY
|
+$2.53M |
| 5 |
Nexstar Media Group
NXST
|
+$2.37M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 34.22% |
| 2 | Healthcare | 17.6% |
| 3 | Communication Services | 15.07% |
| 4 | Technology | 13.52% |
| 5 | Financials | 7.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
Booking.com
BKNG
$149B
| – | – |
-62,500
| Closed | -$7.71M |
|
|
27
Crescent Energy
CRGY
$3.77B
| – | – |
-200,000
| Closed | -$2.53M |
|
|
HPP
28
Hudson Pacific Properties
HPP
$786M
| – | – |
-57,143
| Closed | -$2.66M |
|
29
PUT
iShares Semiconductor ETF
SOXX
$45.5B
| – | – |
-300,000
| Closed | -$47.4M |
|
|
30
Stellantis
STLA
$21.3B
| – | – |
-400,000
| Closed | -$7.65M |
|
|
CMBT
31
CMB.TECH NV
CMBT
$4.72B
| – | – |
-250,000
| Closed | -$4.11M |
|
Similar funds
Scion Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Scion Asset Management held 31 positions worth $94.6M, down 4.4% from $99M the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Scion Asset Management withdrew a net $11.7M in Q4 2023, closing 6 positions and reducing 5 holdings. Its most notable exit was Stellantis, an estimated $7.65M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 34% of assets, up from 22% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Scion Asset Management opened a new position in Oracle worth $5.27M.
- Scion Asset Management's largest Q4 2023 buy was Oracle: 50,000 shares worth $5.27M.
- Scion Asset Management added most to JD.com in Q4 2023, an estimated $2.03M increase.
- Scion Asset Management's biggest Q4 2023 reduction was Nexstar Media Group, cutting an estimated $2.37M.
- Scion Asset Management fully exited Stellantis in Q4 2023, selling an estimated $7.65M.
- Scion Asset Management's ten largest holdings make up 55% of its $94.6M portfolio in Q4 2023.
- Scion Asset Management opened 18 new positions and closed 6 in Q4 2023.
- Scion Asset Management's portfolio value fell 4.4% quarter-over-quarter to $94.6M.
Based on Scion Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.