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 |
FedEx
FDX
|
+$10.5M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$10.4M |
| 3 |
Cardinal Health
CAH
|
+$9.23M |
| 4 |
Alibaba
BABA
|
+$8.63M |
| 5 |
TLRD
Tailored Brands, Inc.
TLRD
|
+$6.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JD.com
JD
|
+$9.04M |
| 2 |
Five Point Holdings
FPH
|
+$8.93M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$8.83M |
| 4 |
AABA
Altaba Inc
AABA
|
+$7.78M |
| 5 |
Meta Platforms (Facebook)
META
|
+$7.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 26.92% |
| 2 | Communication Services | 19.35% |
| 3 | Industrials | 18.41% |
| 4 | Technology | 12.71% |
| 5 | Materials | 12.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Western Digital
WDC
$159B
| $11.9M | 12.71% |
330,750
+132,300
| +67% | +$4.53M |
|
2
Cleveland-Cliffs
CLF
$6.49B
| $11.7M | 12.54% |
1,100,000
+350,000
| +47% | +$3.45M |
|
|
TLRD
3
DELISTED
Tailored Brands, Inc.
TLRD
| $10.7M | 11.41% |
1,850,000
+980,800
| +113% | +$6.8M |
|
|
4
FedEx
FDX
$73B
| $9.85M | 10.53% |
+60,000
| New | +$10.5M |
|
|
5
Alphabet (Google) Class C
GOOG
$4.11T
| $9.73M | 10.4% |
+180,000
| New | +$10.4M |
|
|
6
Cardinal Health
CAH
$53.7B
| $9.42M | 10.07% |
+200,000
| New | +$9.23M |
|
|
7
Alibaba
BABA
$276B
| $8.47M | 9.06% |
+50,000
| New | +$8.63M |
|
8
Walt Disney
DIS
$171B
| $8.38M | 8.95% |
60,000
-10,000
| -14% | -$1.33M |
|
|
GSKY
9
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $7.37M | 7.88% |
600,000
+327,979
| +121% | +$4.29M |
|
10
Sportsman's Warehouse
SPWH
$44.9M
| $6.04M | 6.45% |
1,597,011
+346,892
| +28% | +$1.48M |
|
|
11
Five Point Holdings
FPH
$387M
| – | – |
-1,238,381
| Closed | -$8.93M |
|
12
GameStop
GME
$9.8B
| – | – |
-2,600,000
| Closed | -$6.6M |
|
|
13
Alphabet (Google) Class A
GOOGL
$4.12T
| – | – |
-150,000
| Closed | -$8.83M |
|
|
14
JD.com
JD
$43.5B
| – | – |
-300,000
| Closed | -$9.04M |
|
|
15
Meta Platforms (Facebook)
META
$1.49T
| – | – |
-45,000
| Closed | -$7.5M |
|
|
PETQ
16
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| – | – |
-106,232
| Closed | -$3.34M |
|
|
CPLG
17
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
| – | – |
-657,600
| Closed | -$7.34M |
|
|
AABA
18
DELISTED
Altaba Inc
AABA
| – | – |
-105,000
| Closed | -$7.78M |
|
Similar funds
Scion Asset Management's Q2 2019 Portfolio in Review
As of Q2 2019, Scion Asset Management held 18 positions worth $93.6M, down 4.7% from $98.2M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Scion Asset Management's Q2 2019 filing shows 4 new, 5 increased, 1 reduced and 8 closed positions. Its largest new stake was FedEx: 60,000 shares worth $9.85M. The largest sale was JD.com, an estimated $9.04M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, down from 29% a quarter earlier, followed by Communication Services and Industrials.
- Scion Asset Management's largest Q2 2019 buy was FedEx: 60,000 shares worth $9.85M.
- Scion Asset Management added most to Tailored Brands, Inc. in Q2 2019, an estimated $6.8M increase.
- Scion Asset Management's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $1.33M.
- Scion Asset Management fully exited JD.com in Q2 2019, selling an estimated $9.04M.
- Scion Asset Management's ten largest holdings make up 100% of its $93.6M portfolio in Q2 2019.
- Scion Asset Management opened 4 new positions and closed 8 in Q2 2019.
- Scion Asset Management's portfolio value fell 4.7% quarter-over-quarter to $93.6M.
Based on Scion Asset Management's 13F filing for Q2 2019, filed 14 Aug 2019.