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 |
Coty
COTY
|
+$14.5M |
| 2 |
TWNK
Hostess Brands, Inc. Class A Common Stock
TWNK
|
+$3.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NXRT
NexPoint Residential Trust
NXRT
|
+$11.1M |
| 2 |
Theravance Biopharma
TBPH
|
+$7.37M |
| 3 |
Amgen
AMGN
|
+$6.09M |
| 4 |
NPTN
NEOPHOTONICS CORP
NPTN
|
+$2.86M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 45.68% |
| 2 | Communication Services | 32.95% |
| 3 | Healthcare | 21.37% |
| 4 | Real Estate | 0% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Coty
COTY
$2.33B
| $12.9M | 36.52% |
+550,000
| New | +$14.5M |
|
2
Alphabet (Google) Class C
GOOG
$3.91T
| $11.7M | 32.95% |
300,000
| – | – |
|
3
HCA Healthcare
HCA
$85.4B
| $7.56M | 21.37% |
100,000
| – | – |
|
|
TWNK
4
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $3.24M | 9.16% |
+300,000
| New | +$3.19M |
|
|
5
Amgen
AMGN
$203B
| – | – |
-40,000
| Closed | -$6.09M |
|
|
NXRT
6
NexPoint Residential Trust
NXRT
$668M
| – | – |
-609,905
| Closed | -$11.1M |
|
|
7
Theravance Biopharma
TBPH
$873M
| – | – |
-325,000
| Closed | -$7.37M |
|
|
NPTN
8
DELISTED
NEOPHOTONICS CORP
NPTN
| – | – |
-300,000
| Closed | -$2.86M |
|
Similar funds
Scion Asset Management's Q3 2016 Portfolio in Review
As of Q3 2016, Scion Asset Management held 8 positions worth $35.4M, down 22% from $45.5M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Scion Asset Management withdrew a net $9.7M in Q3 2016, closing 4 positions. Its most notable exit was NexPoint Residential Trust, an estimated $11.1M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 46% of assets, followed by Communication Services and Healthcare.
Against the trend, Scion Asset Management opened a new position in Coty worth $12.9M.
- Scion Asset Management's largest Q3 2016 buy was Coty: 550,000 shares worth $12.9M.
- Scion Asset Management fully exited NexPoint Residential Trust in Q3 2016, selling an estimated $11.1M.
- Scion Asset Management's ten largest holdings make up 100% of its $35.4M portfolio in Q3 2016.
- Scion Asset Management opened 2 new positions and closed 4 in Q3 2016.
- Scion Asset Management's portfolio value fell 22% quarter-over-quarter to $35.4M.
Based on Scion Asset Management's 13F filing for Q3 2016, filed 14 Nov 2016.