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 |
Trip.com Group
TCOM
|
+$8.19M |
| 2 |
Helmerich & Payne
HP
|
+$7.31M |
| 3 |
Copa Holdings
CPA
|
+$7.15M |
| 4 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$6.89M |
| 5 |
ROIC
Retail Opportunity Investments Corp.
ROIC
|
+$4.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$12.5M |
| 2 |
Jack in the Box
JACK
|
+$10.5M |
| 3 |
Boeing
BA
|
+$8.95M |
| 4 |
MAXR
Maxar Technologies Inc. Common Stock
MAXR
|
+$7.76M |
| 5 |
TLRD
Tailored Brands, Inc.
TLRD
|
+$6.96M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 11.05% |
| 2 | Technology | 4.34% |
| 3 | Real Estate | 3.69% |
| 4 | Communication Services | 3.35% |
| 5 | Energy | 3.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
Alphabet (Google) Class C
GOOG
$3.92T
| $113M | 35.87% |
+1,600,000
| New | +$108M |
|
|
2
CALL
Meta Platforms (Facebook)
META
$1.54T
| $21.2M | 6.71% |
+93,200
| New | +$19.5M |
|
3
CALL
Booking.com
BKNG
$136B
| $18.5M | 5.86% |
+290,000
| New | +$17.7M |
|
4
CALL
Goldman Sachs
GS
$316B
| $14.5M | 4.61% |
+73,600
| New | +$13.8M |
|
5
GameStop
GME
$9.59B
| $11.9M | 3.79% |
11,000,000
-1,000,000
| -8% | -$1.15M |
|
6
CALL
Western Digital
WDC
$187B
| $11.9M | 3.78% |
+357,210
| New | +$11.6M |
|
|
BBBY
7
DELISTED
Bed Bath & Beyond Inc
BBBY
| $10.6M | 3.36% |
+1,000,000
| New | +$6.89M |
|
8
Warner Bros
WBD
$65.7B
| $10.6M | 3.35% |
500,000
+150,000
| +43% | +$3.24M |
|
|
9
Trip.com Group
TCOM
$27.5B
| $8.42M | 2.67% |
+325,000
| New | +$8.19M |
|
10
Qorvo
QRVO
$7.72B
| $8.29M | 2.63% |
75,000
-50,000
| -40% | -$4.96M |
|
11
CALL
Bank of America
BAC
$432B
| $8.13M | 2.58% |
+342,300
| New | +$8.09M |
|
12
CALL
JPMorgan Chase
JPM
$925B
| $8.09M | 2.57% |
+86,000
| New | +$8.16M |
|
|
13
Copa Holdings
CPA
$5.6B
| $7.84M | 2.49% |
+155,000
| New | +$7.15M |
|
|
14
Helmerich & Payne
HP
$3.52B
| $7.32M | 2.32% |
+375,000
| New | +$7.31M |
|
15
CALL
Las Vegas Sands
LVS
$30.2B
| $6.97M | 2.21% |
153,000
+84,500
| +123% | +$3.97M |
|
|
UNIT
16
Uniti Group
UNIT
$2.68B
| $5.96M | 1.89% |
+636,894
| New | +$4.78M |
|
|
ROIC
17
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $5.67M | 1.8% |
+500,000
| New | +$4.85M |
|
|
MAXR
18
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $5.39M | 1.71% |
300,000
-600,000
| -67% | -$7.76M |
|
|
FL
19
CALL
DELISTED
Foot Locker
FL
| $5.25M | 1.66% |
180,000
+80,000
| +80% | +$2.11M |
|
20
CALL
Wynn Resorts
WYNN
$10.1B
| $5.21M | 1.65% |
70,000
+62,300
| +809% | +$4.99M |
|
|
21
CALL
Qorvo
QRVO
$7.72B
| $4.2M | 1.33% |
38,000
+25,000
| +192% | +$2.48M |
|
22
Designer Brands
DBI
$270M
| $3.89M | 1.23% |
+575,000
| New | +$3.47M |
|
|
PDS
23
Precision Drilling
PDS
$1.12B
| $3.05M | 0.97% |
+201,205
| New | +$2.25M |
|
24
CALL
NOV
NOV
$7.39B
| $2.11M | 0.67% |
+172,400
| New | +$2.12M |
|
|
PARA
25
CALL
DELISTED
Paramount Global Class B
PARA
| $2.01M | 0.64% |
+86,000
| New | +$1.66M |
|
Similar funds
Scion Asset Management's Q2 2020 Portfolio in Review
As of Q2 2020, Scion Asset Management held 34 positions worth $315M, up 267% from $85.9M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Scion Asset Management deployed $198M of net new capital in Q2 2020, opening 20 new positions and adding to 6 existing holdings. Its largest new stake was Trip.com Group: 325,000 shares worth $8.42M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 11% of assets, down from 39% a quarter earlier, followed by Technology and Real Estate.
On the sell side, the largest reduction was Maxar Technologies Inc. Common Stock, an estimated $7.76M trimmed.
- Scion Asset Management's largest Q2 2020 buy was Trip.com Group: 325,000 shares worth $8.42M.
- Scion Asset Management added most to Warner Bros in Q2 2020, an estimated $3.24M increase.
- Scion Asset Management's biggest Q2 2020 reduction was Maxar Technologies Inc. Common Stock, cutting an estimated $7.76M.
- Scion Asset Management fully exited Meta Platforms (Facebook) in Q2 2020, selling an estimated $12.5M.
- Scion Asset Management's ten largest holdings make up 73% of its $315M portfolio in Q2 2020.
- Scion Asset Management opened 20 new positions and closed 5 in Q2 2020.
- Scion Asset Management's portfolio value rose 267% quarter-over-quarter to $315M.
Based on Scion Asset Management's 13F filing for Q2 2020, filed 14 Aug 2020.