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 |
TLRD
Tailored Brands, Inc.
TLRD
|
+$6.17M |
| 2 |
Amgen
AMGN
|
+$5.94M |
| 3 |
Gentherm
THRM
|
+$1.9M |
| 4 |
HCA Healthcare
HCA
|
+$1.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$6.88M |
| 2 |
MW
THE MENS WAREHOUSE INC
MW
|
+$5.87M |
| 3 |
Chubb
CB
|
+$5.84M |
| 4 |
Community Health Systems
CYH
|
+$5.31M |
| 5 |
Citigroup
C
|
+$5.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 37.13% |
| 2 | Technology | 29.4% |
| 3 | Consumer Discretionary | 17.84% |
| 4 | Real Estate | 15.63% |
| 5 | Energy | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.87T
| $8.17M | 16% |
300,000
| – | – |
|
|
NXRT
2
NexPoint Residential Trust
NXRT
$669M
| $7.98M | 15.63% |
609,905
-60,895
| -9% | -$739K |
|
|
3
HCA Healthcare
HCA
$86.5B
| $7.8M | 15.28% |
100,000
+25,000
| +33% | +$1.75M |
|
|
TLRD
4
DELISTED
Tailored Brands, Inc.
TLRD
| $7.16M | 14.01% |
+400,000
| New | +$6.17M |
|
5
First Solar
FSLR
$21.9B
| $6.85M | 13.4% |
100,000
| – | – |
|
|
6
Amgen
AMGN
$202B
| $6M | 11.74% |
+40,000
| New | +$5.94M |
|
7
Theravance Biopharma
TBPH
$875M
| $5.17M | 10.12% |
275,000
-161,626
| -37% | -$2.64M |
|
|
8
Gentherm
THRM
$1.4B
| $1.96M | 3.83% |
+47,000
| New | +$1.9M |
|
9
Bank of America
BAC
$436B
| – | – |
-300,000
| Closed | -$5.05M |
|
|
BNY
10
Bank of New York Mellon
BNY
$108B
| – | – |
-100,000
| Closed | -$4.12M |
|
|
11
Citigroup
C
$223B
| – | – |
-100,000
| Closed | -$5.17M |
|
|
12
Chubb
CB
$139B
| – | – |
-50,000
| Closed | -$5.84M |
|
|
13
Community Health Systems
CYH
$409M
| – | – |
-242,000
| Closed | -$5.31M |
|
|
14
IBM
IBM
$202B
| – | – |
-52,300
| Closed | -$6.88M |
|
15
PNC Financial Services
PNC
$101B
| – | – |
-40,000
| Closed | -$3.81M |
|
|
CCR
16
DELISTED
CONSOL Coal Resources LP
CCR
| – | – |
-256,345
| Closed | -$2.38M |
|
|
MW
17
DELISTED
THE MENS WAREHOUSE INC
MW
| – | – |
-400,000
| Closed | -$5.87M |
|
Similar funds
Scion Asset Management's Q1 2016 Portfolio in Review
As of Q1 2016, Scion Asset Management held 17 positions worth $51.1M, down 36% from $79.9M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Scion Asset Management withdrew a net $32.1M in Q1 2016, closing 9 positions and reducing 2 holdings. Its most notable exit was IBM, an estimated $6.88M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 37% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Scion Asset Management opened a new position in Tailored Brands, Inc. worth $7.16M.
- Scion Asset Management's largest Q1 2016 buy was Tailored Brands, Inc.: 400,000 shares worth $7.16M.
- Scion Asset Management added most to HCA Healthcare in Q1 2016, an estimated $1.75M increase.
- Scion Asset Management's biggest Q1 2016 reduction was Theravance Biopharma, cutting an estimated $2.64M.
- Scion Asset Management fully exited IBM in Q1 2016, selling an estimated $6.88M.
- Scion Asset Management's ten largest holdings make up 100% of its $51.1M portfolio in Q1 2016.
- Scion Asset Management opened 3 new positions and closed 9 in Q1 2016.
- Scion Asset Management's portfolio value fell 36% quarter-over-quarter to $51.1M.
Based on Scion Asset Management's 13F filing for Q1 2016, filed 16 May 2016.