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 |
DNOW Inc
DNOW
|
+$8.44M |
| 2 |
The GEO Group
GEO
|
+$8.1M |
| 3 |
CoreCivic
CXW
|
+$7.19M |
| 4 |
Wells Fargo
WFC
|
+$6.47M |
| 5 |
Molson Coors Class B
TAP
|
+$6.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GameStop
GME
|
+$17.4M |
| 2 |
Meta Platforms (Facebook)
META
|
+$13.1M |
| 3 |
CVS Health
CVS
|
+$8.76M |
| 4 |
Trip.com Group
TCOM
|
+$7.79M |
| 5 |
Qorvo
QRVO
|
+$7.74M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 11.04% |
| 2 | Communication Services | 10.6% |
| 3 | Real Estate | 10.31% |
| 4 | Financials | 7.97% |
| 5 | Consumer Discretionary | 6.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
Citigroup
C
$222B
| $33.3M | 14.81% |
+539,600
| New | +$27.4M |
|
2
CALL
Pfizer
PFE
$140B
| $31.1M | 13.83% |
844,300
+405,204
| +92% | +$14.9M |
|
3
CALL
Kraft Heinz
KHC
$30.4B
| $20.4M | 9.1% |
+589,700
| New | +$19.1M |
|
4
Lumen
LUMN
$6.53B
| $11.2M | 4.99% |
1,150,000
+350,000
| +44% | +$3.45M |
|
|
5
DNOW Inc
DNOW
$2.63B
| $10.8M | 4.79% |
+1,500,000
| New | +$8.44M |
|
|
RPT
6
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $8.65M | 3.85% |
1,000,000
-350,000
| -26% | -$2.37M |
|
|
UNIT
7
Uniti Group
UNIT
$2.63B
| $8.5M | 3.78% |
725,000
-275,000
| -28% | -$2.86M |
|
8
Western Digital
WDC
$179B
| $8.31M | 3.7% |
198,450
-132,300
| -40% | -$4.39M |
|
9
Allstate
ALL
$66.9B
| $8.24M | 3.67% |
75,000
-15,000
| -17% | -$1.47M |
|
|
QVCGA
10
DELISTED
QVC Group Inc Series A
QVCGA
| $7.68M | 3.42% |
14,000
-8,000
| -36% | -$3.6M |
|
|
11
Wells Fargo
WFC
$261B
| $7.54M | 3.36% |
+250,000
| New | +$6.47M |
|
12
Warner Bros
WBD
$64.6B
| $7.52M | 3.35% |
250,000
-250,000
| -50% | -$6.13M |
|
|
13
The GEO Group
GEO
$4.13B
| $7.49M | 3.33% |
+845,152
| New | +$8.1M |
|
14
Designer Brands
DBI
$277M
| $6.88M | 3.06% |
900,000
-300,000
| -25% | -$2M |
|
|
15
Molson Coors Class B
TAP
$7.68B
| $6.78M | 3.02% |
+150,000
| New | +$6.18M |
|
|
16
CoreCivic
CXW
$3.1B
| $6.55M | 2.92% |
+1,000,000
| New | +$7.19M |
|
17
HF Sinclair
DINO
$15.9B
| $6.46M | 2.88% |
+250,000
| New | +$5.66M |
|
|
UBA
18
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $6M | 2.67% |
425,000
+375,000
| +750% | +$4.47M |
|
|
KBAL
19
DELISTED
Kimball International
KBAL
| $5.97M | 2.66% |
500,000
-50,000
| -9% | -$569K |
|
|
MSGN
20
DELISTED
MSG Networks Inc.
MSGN
| $5.08M | 2.26% |
345,000
-505,000
| -59% | -$5.64M |
|
21
Ingles Markets
IMKTA
$1.63B
| $4.75M | 2.12% |
+111,415
| New | +$4.3M |
|
22
SunCoke Energy
SXC
$757M
| $3.38M | 1.5% |
+776,177
| New | +$3.25M |
|
23
Ares Capital
ARCC
$13.5B
| $2.11M | 0.94% |
+125,000
| New | +$1.94M |
|
24
CALL
Bank of America
BAC
$435B
| – | – |
-342,300
| Closed | -$8.25M |
|
|
25
CALL
CVS Health
CVS
$137B
| – | – |
-462,100
| Closed | -$27M |
|
Similar funds
Scion Asset Management's Q4 2020 Portfolio in Review
As of Q4 2020, Scion Asset Management held 44 positions worth $225M, down 32% from $330M the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Scion Asset Management withdrew a net $140M in Q4 2020, closing 21 positions and reducing 9 holdings. Its most notable exit was GameStop, an estimated $17.4M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 11% of assets, up from 0% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, Scion Asset Management opened a new position in DNOW Inc worth $10.8M.
- Scion Asset Management's largest Q4 2020 buy was DNOW Inc: 1,500,000 shares worth $10.8M.
- Scion Asset Management added most to Urstadt Biddle Properties Inc. Class A in Q4 2020, an estimated $4.47M increase.
- Scion Asset Management's biggest Q4 2020 reduction was Warner Bros, cutting an estimated $6.13M.
- Scion Asset Management fully exited GameStop in Q4 2020, selling an estimated $17.4M.
- Scion Asset Management's ten largest holdings make up 66% of its $225M portfolio in Q4 2020.
- Scion Asset Management opened 11 new positions and closed 21 in Q4 2020.
- Scion Asset Management's portfolio value fell 32% quarter-over-quarter to $225M.
Based on Scion Asset Management's 13F filing for Q4 2020, filed 16 Feb 2021.