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 |
Qorvo
QRVO
|
+$7.25M |
| 2 |
MAXR
Maxar Technologies Inc. Common Stock
MAXR
|
+$6.75M |
| 3 |
CVET
Covetrus, Inc. Common Stock
CVET
|
+$6.73M |
| 4 |
Cenovus Energy
CVE
|
+$5.44M |
| 5 |
BlackBerry
BB
|
+$4.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$7.98M |
| 2 |
Sportsman's Warehouse
SPWH
|
+$6.61M |
| 3 |
Canadian Natural Resources
CNQ
|
+$4M |
| 4 |
GameStop
GME
|
+$3.82M |
| 5 |
NVTR
Nuvectra Corporation Common Stock
NVTR
|
+$263K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.7% |
| 2 | Technology | 29.99% |
| 3 | Communication Services | 13% |
| 4 | Healthcare | 8.92% |
| 5 | Energy | 7.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
GameStop
GME
$9.59B
| $14.3M | 17.36% |
9,400,000
-2,600,000
| -22% | -$3.82M |
|
|
TLRD
2
DELISTED
Tailored Brands, Inc.
TLRD
| $13.7M | 16.6% |
3,300,000
+425,000
| +15% | +$2M |
|
3
Alphabet (Google) Class C
GOOG
$3.9T
| $10.7M | 13% |
160,000
| – | – |
|
|
MAXR
4
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $10.2M | 12.38% |
+650,000
| New | +$6.75M |
|
|
5
Qorvo
QRVO
$7.68B
| $8.72M | 10.59% |
+75,000
| New | +$7.25M |
|
|
CVET
6
DELISTED
Covetrus, Inc. Common Stock
CVET
| $7.34M | 8.92% |
+555,900
| New | +$6.73M |
|
|
7
Cenovus Energy
CVE
$54.5B
| $6.09M | 7.4% |
+600,000
| New | +$5.44M |
|
|
8
BlackBerry
BB
$5.02B
| $5.78M | 7.02% |
+900,000
| New | +$4.94M |
|
|
9
Sportsman's Warehouse
SPWH
$44.9M
| $5.54M | 6.74% |
690,294
-934,706
| -58% | -$6.61M |
|
|
10
Canadian Natural Resources
CNQ
$97.3B
| – | – |
-306,300
| Closed | -$4M |
|
|
BBBY
11
DELISTED
Bed Bath & Beyond Inc
BBBY
| – | – |
-750,000
| Closed | -$7.98M |
|
|
NVTR
12
DELISTED
Nuvectra Corporation Common Stock
NVTR
| – | – |
-193,491
| Closed | -$263K |
|
Similar funds
Scion Asset Management's Q4 2019 Portfolio in Review
As of Q4 2019, Scion Asset Management held 12 positions worth $82.3M, up 38% from $59.6M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Scion Asset Management deployed $10.5M of net new capital in Q4 2019, opening 5 new positions and adding to 1 existing holding. Its largest new stake was Qorvo: 75,000 shares worth $8.72M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, down from 77% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Sportsman's Warehouse, an estimated $6.61M trimmed.
- Scion Asset Management's largest Q4 2019 buy was Qorvo: 75,000 shares worth $8.72M.
- Scion Asset Management added most to Tailored Brands, Inc. in Q4 2019, an estimated $2M increase.
- Scion Asset Management's biggest Q4 2019 reduction was Sportsman's Warehouse, cutting an estimated $6.61M.
- Scion Asset Management fully exited Bed Bath & Beyond Inc in Q4 2019, selling an estimated $7.98M.
- Scion Asset Management's ten largest holdings make up 100% of its $82.3M portfolio in Q4 2019.
- Scion Asset Management opened 5 new positions and closed 3 in Q4 2019.
- Scion Asset Management's portfolio value rose 38% quarter-over-quarter to $82.3M.
Based on Scion Asset Management's 13F filing for Q4 2019, filed 14 Feb 2020.