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 |
Sprott Physical Gold
PHYS
|
+$7.07M |
| 2 |
Cigna
CI
|
+$6.58M |
| 3 |
BP
BP
|
+$6.27M |
| 4 |
First Solar
FSLR
|
+$4.61M |
| 5 |
Baidu
BIDU
|
+$4.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$5.27M |
| 2 |
CVS Health
CVS
|
+$5.13M |
| 3 |
Nexstar Media Group
NXST
|
+$5.09M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$4.89M |
| 5 |
Amazon
AMZN
|
+$4.56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30.59% |
| 2 | Healthcare | 15.08% |
| 3 | Energy | 12.72% |
| 4 | Technology | 12.25% |
| 5 | Financials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Oracle
ORCL
$424B
| – | – |
-50,000
| Closed | -$5.27M |
|
27
Toast
TOST
$19.6B
| – | – |
-200,000
| Closed | -$3.65M |
|
28
Warner Bros
WBD
$65.5B
| – | – |
-375,000
| Closed | -$4.27M |
|
|
QVCGA
29
DELISTED
QVC Group Inc Series A
QVCGA
| – | – |
-12,000
| Closed | -$525K |
|
|
BIG
30
DELISTED
Big Lots, Inc.
BIG
| – | – |
-225,000
| Closed | -$1.75M |
|
Similar funds
Scion Asset Management's Q1 2024 Portfolio in Review
As of Q1 2024, Scion Asset Management held 30 positions worth $103M, up 9.4% from $94.6M the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Scion Asset Management's Q1 2024 filing shows 5 new, 11 increased and 14 closed positions. Its largest new stake was Sprott Physical Gold: 440,729 shares worth $7.62M. The largest sale was Oracle, an estimated $5.27M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, down from 34% a quarter earlier, followed by Healthcare and Energy.
- Scion Asset Management's largest Q1 2024 buy was Sprott Physical Gold: 440,729 shares worth $7.62M.
- Scion Asset Management added most to JD.com in Q1 2024, an estimated $3.92M increase.
- Scion Asset Management fully exited Oracle in Q1 2024, selling an estimated $5.27M.
- Scion Asset Management's ten largest holdings make up 75% of its $103M portfolio in Q1 2024.
- Scion Asset Management opened 5 new positions and closed 14 in Q1 2024.
- Scion Asset Management's portfolio value rose 9.4% quarter-over-quarter to $103M.
Based on Scion Asset Management's 13F filing for Q1 2024, filed 15 May 2024.