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 |
Zymeworks
ZYME
|
+$11.4M |
| 2 |
CVS Health
CVS
|
+$8.01M |
| 3 |
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
|
+$5.81M |
| 4 |
Occidental Petroleum
OXY
|
+$5.63M |
| 5 |
Helmerich & Payne
HP
|
+$5.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UNIT
Uniti Group
UNIT
|
+$8.5M |
| 2 |
Western Digital
WDC
|
+$8.31M |
| 3 |
Allstate
ALL
|
+$8.24M |
| 4 |
DNOW Inc
DNOW
|
+$7.82M |
| 5 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$7.68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 2.19% |
| 2 | Energy | 1.46% |
| 3 | Healthcare | 1.36% |
| 4 | Consumer Staples | 0.68% |
| 5 | Communication Services | 0.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Tesla
TSLA
$1.18T
| $534M | 39.47% |
+2,400,300
| New | +$603M |
|
2
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.4B
| $172M | 12.67% |
+1,266,400
| New | +$184M |
|
3
CALL
Alphabet (Google) Class C
GOOG
$4.11T
| $165M | 12.22% |
+1,600,000
| New | +$159M |
|
4
CALL
Meta Platforms (Facebook)
META
$1.49T
| $162M | 11.96% |
+550,000
| New | +$148M |
|
|
5
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$300M
| $55.1M | 4.07% |
+2,536,000
| New | +$49.1M |
|
6
CALL
Kraft Heinz
KHC
$32.8B
| $47M | 3.47% |
1,174,800
+585,100
| +99% | +$21.1M |
|
7
PUT
iShares Russell 2000 Growth ETF
IWO
$14.1B
| $42.4M | 3.13% |
+140,900
| New | +$43.7M |
|
|
8
CALL
CVS Health
CVS
$135B
| $30.1M | 2.22% |
+400,000
| New | +$29.1M |
|
9
CALL
NetApp
NTAP
$33.9B
| $21.8M | 1.61% |
+300,000
| New | +$20.2M |
|
10
CoreCivic
CXW
$2.94B
| $9.96M | 0.74% |
1,100,000
+100,000
| +10% | +$770K |
|
11
Ingles Markets
IMKTA
$1.72B
| $9.25M | 0.68% |
150,000
+38,585
| +35% | +$2.02M |
|
|
12
Zymeworks
ZYME
$1.62B
| $8.88M | 0.66% |
+281,018
| New | +$11.4M |
|
13
Lumen
LUMN
$6.43B
| $8.68M | 0.64% |
650,000
-500,000
| -43% | -$6.21M |
|
|
14
CVS Health
CVS
$135B
| $8.28M | 0.61% |
+110,000
| New | +$8.01M |
|
15
SunCoke Energy
SXC
$794M
| $7.71M | 0.57% |
1,100,000
+323,823
| +42% | +$2M |
|
|
16
DNOW Inc
DNOW
$2.44B
| $7.06M | 0.52% |
700,000
-800,000
| -53% | -$7.82M |
|
|
RPT
17
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $6.85M | 0.51% |
600,000
-400,000
| -40% | -$4.21M |
|
|
18
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$300M
| $6.52M | 0.48% |
+300,000
| New | +$5.81M |
|
|
19
Occidental Petroleum
OXY
$55.7B
| $5.99M | 0.44% |
+225,000
| New | +$5.63M |
|
20
Rocket Lab Corp
RKLB
$36.6B
| $5.46M | 0.4% |
+461,591
| New | +$5.12M |
|
|
21
Helmerich & Payne
HP
$3.34B
| $5.39M | 0.4% |
+200,000
| New | +$5.53M |
|
|
PDS
22
Precision Drilling
PDS
$946M
| $4.81M | 0.36% |
+222,706
| New | +$5.05M |
|
|
MRNS
23
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $4.6M | 0.34% |
+297,272
| New | +$4.3M |
|
24
CALL
ProShares UltraPro Short 20+ Year Treasury
TTT
$19M
| $4.58M | 0.34% |
+100,000
| New | +$3.86M |
|
|
MDP
25
DELISTED
Meredith Corporation
MDP
| $4.17M | 0.31% |
+140,000
| New | +$3.7M |
|
Similar funds
Scion Asset Management's Q1 2021 Portfolio in Review
As of Q1 2021, Scion Asset Management held 46 positions worth $1.35B, up 503% from $225M the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Scion Asset Management deployed $1.16B of net new capital in Q1 2021, opening 23 new positions and adding to 4 existing holdings. Its largest new stake was Zymeworks: 281,018 shares worth $8.88M.
By sector, the portfolio is most concentrated in Industrials at 2.2% of assets, down from 11% a quarter earlier, followed by Energy and Healthcare.
On the sell side, the largest reduction was DNOW Inc, an estimated $7.82M trimmed.
- Scion Asset Management's largest Q1 2021 buy was Zymeworks: 281,018 shares worth $8.88M.
- Scion Asset Management added most to Ingles Markets in Q1 2021, an estimated $2.02M increase.
- Scion Asset Management's biggest Q1 2021 reduction was DNOW Inc, cutting an estimated $7.82M.
- Scion Asset Management fully exited Uniti Group in Q1 2021, selling an estimated $8.5M.
- Scion Asset Management's ten largest holdings make up 92% of its $1.35B portfolio in Q1 2021.
- Scion Asset Management opened 23 new positions and closed 15 in Q1 2021.
- Scion Asset Management's portfolio value rose 503% quarter-over-quarter to $1.35B.
Based on Scion Asset Management's 13F filing for Q1 2021, filed 17 May 2021.