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 |
Meta Platforms (Facebook)
META
|
+$12.9M |
| 2 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$10.4M |
| 3 |
Western Digital
WDC
|
+$9.83M |
| 4 |
CVS Health
CVS
|
+$9.33M |
| 5 |
MSGN
MSG Networks Inc.
MSGN
|
+$8.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$10.6M |
| 2 |
Copa Holdings
CPA
|
+$7.84M |
| 3 |
Helmerich & Payne
HP
|
+$7.32M |
| 4 |
GameStop
GME
|
+$6.05M |
| 5 |
MAXR
Maxar Technologies Inc. Common Stock
MAXR
|
+$5.39M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 12.29% |
| 2 | Consumer Discretionary | 11.98% |
| 3 | Real Estate | 7.13% |
| 4 | Technology | 5.11% |
| 5 | Healthcare | 2.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
Alphabet (Google) Class C
GOOG
$4.1T
| $58.8M | 17.8% |
800,000
-800,000
| -50% | -$61M |
|
|
2
CALL
CVS Health
CVS
$137B
| $27M | 8.17% |
+462,100
| New | +$28.8M |
|
|
3
GameStop
GME
$9.8B
| $17.4M | 5.26% |
6,813,600
-4,186,400
| -38% | -$6.05M |
|
4
CALL
Pfizer
PFE
$144B
| $15.3M | 4.63% |
+439,096
| New | +$15.4M |
|
5
CALL
Goldman Sachs
GS
$295B
| $14.8M | 4.48% |
73,600
| – | – |
|
|
6
Meta Platforms (Facebook)
META
$1.51T
| $13.1M | 3.97% |
+50,000
| New | +$12.9M |
|
|
7
CALL
Meta Platforms (Facebook)
META
$1.51T
| $11.8M | 3.57% |
45,000
-48,200
| -52% | -$12.4M |
|
8
Warner Bros
WBD
$64.2B
| $10.9M | 3.3% |
500,000
| – | – |
|
|
UNIT
9
Uniti Group
UNIT
$2.5B
| $10.5M | 3.19% |
1,000,000
+363,106
| +57% | +$3.52M |
|
|
10
CALL
Western Digital
WDC
$165B
| $9.87M | 2.99% |
357,210
| – | – |
|
|
11
Western Digital
WDC
$165B
| $9.14M | 2.77% |
+330,750
| New | +$9.83M |
|
|
12
CVS Health
CVS
$137B
| $8.76M | 2.65% |
+150,000
| New | +$9.33M |
|
13
Allstate
ALL
$70.6B
| $8.47M | 2.57% |
+90,000
| New | +$8.4M |
|
14
CALL
JPMorgan Chase
JPM
$930B
| $8.28M | 2.51% |
86,000
| – | – |
|
15
CALL
Bank of America
BAC
$435B
| $8.25M | 2.5% |
342,300
| – | – |
|
|
MSGN
16
DELISTED
MSG Networks Inc.
MSGN
| $8.13M | 2.46% |
+850,000
| New | +$8.55M |
|
17
Lumen
LUMN
$6.34B
| $8.07M | 2.44% |
+800,000
| New | +$8.31M |
|
|
QVCGA
18
DELISTED
QVC Group Inc Series A
QVCGA
| $7.9M | 2.39% |
+22,000
| New | +$10.4M |
|
19
Trip.com Group
TCOM
$29.1B
| $7.79M | 2.36% |
250,000
-75,000
| -23% | -$2.13M |
|
20
Qorvo
QRVO
$7.97B
| $7.74M | 2.34% |
60,000
-15,000
| -20% | -$1.86M |
|
21
Altria Group
MO
$126B
| $7.73M | 2.34% |
+200,000
| New | +$8.32M |
|
|
RPT
22
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $7.34M | 2.22% |
+1,350,000
| New | +$8.29M |
|
23
CALL
Las Vegas Sands
LVS
$32B
| $7.14M | 2.16% |
153,000
| – | – |
|
24
Designer Brands
DBI
$314M
| $6.52M | 1.97% |
1,200,000
+625,000
| +109% | +$4.05M |
|
|
FL
25
CALL
DELISTED
Foot Locker
FL
| $5.95M | 1.8% |
180,000
| – | – |
|
Similar funds
Scion Asset Management's Q3 2020 Portfolio in Review
As of Q3 2020, Scion Asset Management held 42 positions worth $330M, up 4.7% from $315M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Scion Asset Management's Q3 2020 filing shows 13 new, 4 increased, 6 reduced and 9 closed positions. Its largest new stake was Meta Platforms (Facebook): 50,000 shares worth $13.1M. The largest sale was Bed Bath & Beyond Inc, an estimated $10.6M.
By sector, the portfolio is most concentrated in Communication Services at 12% of assets, up from 3.3% a quarter earlier, followed by Consumer Discretionary and Real Estate.
- Scion Asset Management's largest Q3 2020 buy was Meta Platforms (Facebook): 50,000 shares worth $13.1M.
- Scion Asset Management added most to Kimball International in Q3 2020, an estimated $4.27M increase.
- Scion Asset Management's biggest Q3 2020 reduction was GameStop, cutting an estimated $6.05M.
- Scion Asset Management fully exited Bed Bath & Beyond Inc in Q3 2020, selling an estimated $10.6M.
- Scion Asset Management's ten largest holdings make up 57% of its $330M portfolio in Q3 2020.
- Scion Asset Management opened 13 new positions and closed 9 in Q3 2020.
- Scion Asset Management's portfolio value rose 4.7% quarter-over-quarter to $330M.
Based on Scion Asset Management's 13F filing for Q3 2020, filed 16 Nov 2020.