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 |
JD.com
JD
|
+$7.63M |
| 2 |
AABA
Altaba Inc
AABA
|
+$3.22M |
| 3 |
GSKY
GreenSky, Inc. Class A Common Stock
GSKY
|
+$3.1M |
| 4 |
PETQ
PetIQ, Inc. Class A Common Stock
PETQ
|
+$3M |
| 5 |
TLRD
Tailored Brands, Inc.
TLRD
|
+$2.74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALEX
Alexander & Baldwin
ALEX
|
+$9.2M |
| 2 |
McKesson
MCK
|
+$4.42M |
| 3 |
CPLG
CorePoint Lodging Inc. Common Stock
CPLG
|
+$3.19M |
| 4 |
Meta Platforms (Facebook)
META
|
+$3.18M |
| 5 |
Biogen
BIIB
|
+$3.01M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 28.99% |
| 2 | Communication Services | 24.55% |
| 3 | Real Estate | 16.58% |
| 4 | Technology | 15.27% |
| 5 | Materials | 7.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
JD.com
JD
$40.6B
| $9.04M | 9.21% |
+300,000
| New | +$7.63M |
|
2
Five Point Holdings
FPH
$381M
| $8.93M | 9.09% |
1,238,381
-85,245
| -6% | -$641K |
|
3
Alphabet (Google) Class A
GOOGL
$3.92T
| $8.83M | 8.99% |
150,000
-10,000
| -6% | -$565K |
|
|
AABA
4
DELISTED
Altaba Inc
AABA
| $7.78M | 7.93% |
105,000
+46,775
| +80% | +$3.22M |
|
5
Walt Disney
DIS
$164B
| $7.77M | 7.92% |
70,000
-10,000
| -13% | -$1.12M |
|
|
6
Meta Platforms (Facebook)
META
$1.54T
| $7.5M | 7.64% |
45,000
-20,000
| -31% | -$3.18M |
|
7
Cleveland-Cliffs
CLF
$6.74B
| $7.49M | 7.63% |
750,000
-291,934
| -28% | -$2.92M |
|
|
CPLG
8
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
| $7.34M | 7.48% |
657,600
-247,384
| -27% | -$3.19M |
|
9
Western Digital
WDC
$187B
| $7.21M | 7.34% |
198,450
+66,150
| +50% | +$2.26M |
|
|
TLRD
10
DELISTED
Tailored Brands, Inc.
TLRD
| $6.82M | 6.94% |
869,200
+231,195
| +36% | +$2.74M |
|
11
GameStop
GME
$9.59B
| $6.6M | 6.73% |
2,600,000
+452,552
| +21% | +$1.41M |
|
12
Sportsman's Warehouse
SPWH
$44.9M
| $6M | 6.11% |
1,250,119
+32,250
| +3% | +$174K |
|
|
GSKY
13
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $3.52M | 3.59% |
+272,021
| New | +$3.1M |
|
|
PETQ
14
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $3.34M | 3.4% |
+106,232
| New | +$3M |
|
|
ALEX
15
DELISTED
Alexander & Baldwin
ALEX
| – | – |
-500,356
| Closed | -$9.2M |
|
|
16
Biogen
BIIB
$29.8B
| – | – |
-10,000
| Closed | -$3.01M |
|
|
17
McKesson
MCK
$97.1B
| – | – |
-40,000
| Closed | -$4.42M |
|
18
Mohawk Industries
MHK
$6.76B
| – | – |
-18,809
| Closed | -$2.2M |
|
|
CELG
19
DELISTED
Celgene Corp
CELG
| – | – |
-45,000
| Closed | -$2.88M |
|
Similar funds
Scion Asset Management's Q1 2019 Portfolio in Review
As of Q1 2019, Scion Asset Management held 19 positions worth $98.2M, down 5.2% from $104M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Scion Asset Management withdrew a net $9.8M in Q1 2019, closing 5 positions and reducing 6 holdings. Its most notable exit was Alexander & Baldwin, an estimated $9.2M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 29% of assets, up from 22% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, Scion Asset Management opened a new position in JD.com worth $9.04M.
- Scion Asset Management's largest Q1 2019 buy was JD.com: 300,000 shares worth $9.04M.
- Scion Asset Management added most to Altaba Inc in Q1 2019, an estimated $3.22M increase.
- Scion Asset Management's biggest Q1 2019 reduction was CorePoint Lodging Inc. Common Stock, cutting an estimated $3.19M.
- Scion Asset Management fully exited Alexander & Baldwin in Q1 2019, selling an estimated $9.2M.
- Scion Asset Management's ten largest holdings make up 80% of its $98.2M portfolio in Q1 2019.
- Scion Asset Management opened 3 new positions and closed 5 in Q1 2019.
- Scion Asset Management's portfolio value fell 5.2% quarter-over-quarter to $98.2M.
Based on Scion Asset Management's 13F filing for Q1 2019, filed 15 May 2019.