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Scion Asset Management Portfolio holdings

AUM $1.38B
1-Year Est. Return 43.96%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-43.37%
1 Year Est. Return
-43.96%
3 Year Est. Return
-1.91%
5 Year Est. Return
+86.43%
10 Year Est. Return
–
AUM
$85.9M
AUM Growth
+$3.58M
Cap. Flow
+$62.8M
Cap. Flow %
73.15%
Top 10 Hldgs %
95.02%
Holding
19
New
10
Increased
4
Reduced
–
Closed
5

Top Buys

Rank Stock Value
1
JACK icon
Jack in the Box
JACK
+$20.4M
2
BA icon
Boeing
BA
+$16.4M
3
MIK
Michaels Stores, Inc
MIK
+$15.4M
4
META icon
Meta Platforms (Facebook)
META
+$11.7M
5
WBD icon
Warner Bros
WBD
+$9.61M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$10.7M
2
CVET
Covetrus, Inc. Common Stock
CVET
+$7.34M
3
CVE icon
Cenovus Energy
CVE
+$6.09M
4
BB icon
BlackBerry
BB
+$5.78M
5
SPWH icon
Sportsman's Warehouse
SPWH
+$5.54M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 38.71%
2 Technology 22.93%
3 Communication Services 19.58%
4 Industrials 10.42%
5 Energy 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JACK icon
1
Jack in the Box
JACK
$278M
$10.5M 12.24%
+300,000
New +$20.4M
GME icon
2
GameStop
GME
$9.5B
$10.5M 12.23%
12,000,000
+2,600,000
+28% +$2.79M
QRVO icon
3
Qorvo
QRVO
$7.63B
$10.1M 11.74%
125,000
+50,000
+67% +$5M
META icon
4
Meta Platforms (Facebook)
META
$1.51T
$10M 11.65%
+60,000
New +$11.7M
MAXR
5
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
$9.61M 11.19%
900,000
+250,000
+38% +$3.91M
BA icon
6
Boeing
BA
$165B
$8.95M 10.42%
+60,000
New +$16.4M
TLRD
7
DELISTED
Tailored Brands, Inc.
TLRD
$6.96M 8.1%
4,000,000
+700,000
+21% +$2.35M
WBD icon
8
Warner Bros
WBD
$64.6B
$6.8M 7.92%
+350,000
New +$9.61M
MIK
9
DELISTED
Michaels Stores, Inc
MIK
$5.26M 6.13%
+3,250,000
New +$15.4M
LVS icon
10
CALL
Las Vegas Sands
LVS
$30.5B
$2.91M 3.39%
+68,500
New +$4.15M
FL
11
CALL
DELISTED
Foot Locker
FL
$2.21M 2.57%
+100,000
New +$3.4M
QRVO icon
12
CALL
Qorvo
QRVO
$7.63B
$1.05M 1.22%
+13,000
New +$1.3M
CBRL icon
13
CALL
Cracker Barrel
CBRL
$1.2B
$558K 0.65%
+6,700
New +$920K
WYNN icon
14
CALL
Wynn Resorts
WYNN
$10.1B
$463K 0.54%
+7,700
New +$863K
BB icon
15
BlackBerry
BB
$5.01B
– –
-900,000
Closed -$5.78M
CVE icon
16
Cenovus Energy
CVE
$54.6B
– –
-600,000
Closed -$6.09M
GOOG icon
17
Alphabet (Google) Class C
GOOG
$3.9T
– –
-160,000
Closed -$10.7M
SPWH icon
18
Sportsman's Warehouse
SPWH
$43.7M
– –
-690,294
Closed -$5.54M
CVET
19
DELISTED
Covetrus, Inc. Common Stock
CVET
– –
-555,900
Closed -$7.34M

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Scion Asset Management's Q1 2020 Portfolio in Review

As of Q1 2020, Scion Asset Management held 19 positions worth $85.9M, up 4.3% from $82.3M the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Scion Asset Management deployed $62.8M of net new capital in Q1 2020, opening 10 new positions and adding to 4 existing holdings. Its largest new stake was Jack in the Box: 300,000 shares worth $10.5M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, down from 41% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the most notable exit was Alphabet (Google) Class C, an estimated $10.7M sold.

  • Scion Asset Management's largest Q1 2020 buy was Jack in the Box: 300,000 shares worth $10.5M.
  • Scion Asset Management added most to Qorvo in Q1 2020, an estimated $5M increase.
  • Scion Asset Management fully exited Alphabet (Google) Class C in Q1 2020, selling an estimated $10.7M.
  • Scion Asset Management's ten largest holdings make up 95% of its $85.9M portfolio in Q1 2020.
  • Scion Asset Management opened 10 new positions and closed 5 in Q1 2020.
  • Scion Asset Management's portfolio value rose 4.3% quarter-over-quarter to $85.9M.

Based on Scion Asset Management's 13F filing for Q1 2020, filed 15 May 2020.