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 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$26.6M |
| 2 |
Ovintiv
OVV
|
+$16.1M |
| 3 |
The GEO Group
GEO
|
+$15.7M |
| 4 |
Scorpio Tankers
STNG
|
+$8.33M |
| 5 |
CVS Health
CVS
|
+$7.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ingles Markets
IMKTA
|
+$9.25M |
| 2 |
Zymeworks
ZYME
|
+$8.88M |
| 3 |
Lumen
LUMN
|
+$8.68M |
| 4 |
DNOW Inc
DNOW
|
+$7.06M |
| 5 |
RPT
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
|
+$6.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 1.88% |
| 2 | Energy | 1.54% |
| 3 | Healthcare | 0.8% |
| 4 | Materials | 0.54% |
| 5 | Financials | 0.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Tesla
TSLA
$1.18T
| $731M | 35.11% |
3,226,500
+826,200
| +34% | +$179M |
|
2
CALL
Meta Platforms (Facebook)
META
$1.49T
| $327M | 15.72% |
941,200
+391,200
| +71% | +$126M |
|
3
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.4B
| $280M | 13.47% |
1,943,000
+676,600
| +53% | +$94.4M |
|
4
CALL
Alphabet (Google) Class C
GOOG
$4.11T
| $230M | 11.06% |
1,838,000
+238,000
| +15% | +$28.4M |
|
5
CALL
McKesson
MCK
$104B
| $131M | 6.27% |
+682,400
| New | +$132M |
|
6
CALL
Kraft Heinz
KHC
$32.8B
| $58.1M | 2.79% |
1,424,800
+250,000
| +21% | +$10.5M |
|
7
CALL
Walmart Inc
WMT
$909B
| $53.4M | 2.56% |
+1,135,800
| New | +$52.9M |
|
8
CALL
Cardinal Health
CAH
$53.7B
| $49M | 2.35% |
+857,700
| New | +$50.1M |
|
|
9
CALL
CVS Health
CVS
$135B
| $43.8M | 2.11% |
525,300
+125,300
| +31% | +$10.3M |
|
10
PUT
ARK Innovation ETF
ARKK
$5.59B
| $30.8M | 1.48% |
+235,500
| New | +$27.4M |
|
|
DISCK
11
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $24.8M | 1.19% |
+855,084
| New | +$26.6M |
|
|
12
Ovintiv
OVV
$17B
| $18.9M | 0.91% |
+600,000
| New | +$16.1M |
|
|
13
The GEO Group
GEO
$4B
| $17.8M | 0.86% |
+2,500,000
| New | +$15.7M |
|
|
14
CVS Health
CVS
$135B
| $16.7M | 0.8% |
200,000
+90,000
| +82% | +$7.37M |
|
15
CoreCivic
CXW
$2.94B
| $13.6M | 0.65% |
1,300,000
+200,000
| +18% | +$1.8M |
|
|
16
Scorpio Tankers
STNG
$3.91B
| $13.2M | 0.64% |
600,000
+409,900
| +216% | +$8.33M |
|
|
MRNS
17
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $11.2M | 0.54% |
625,000
+327,728
| +110% | +$5.27M |
|
18
SunCoke Energy
SXC
$794M
| $11.2M | 0.54% |
1,564,804
+464,804
| +42% | +$3.31M |
|
19
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$300M
| $9.72M | 0.47% |
516,100
-2,019,900
| -80% | -$41.1M |
|
|
GOGL
20
DELISTED
Golden Ocean Group
GOGL
| $7.73M | 0.37% |
700,000
+170,000
| +32% | +$1.58M |
|
|
VYGG
21
DELISTED
Vy Global Growth
VYGG
| $1.44M | 0.07% |
+144,550
| New | +$1.46M |
|
|
VYGG.WS
22
DELISTED
Vy Global Growth Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50
VYGG.WS
| $996K | 0.05% |
+550,000
| New | +$1.07M |
|
|
23
DNOW Inc
DNOW
$2.44B
| – | – |
-700,000
| Closed | -$7.06M |
|
24
Genco Shipping & Trading
GNK
$1.1B
| – | – |
-354,711
| Closed | -$3.58M |
|
25
Helmerich & Payne
HP
$3.34B
| – | – |
-200,000
| Closed | -$5.39M |
|
Similar funds
Scion Asset Management's Q2 2021 Portfolio in Review
As of Q2 2021, Scion Asset Management held 40 positions worth $2.08B, up 54% from $1.35B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Scion Asset Management deployed $608M of net new capital in Q2 2021, opening 9 new positions and adding to 12 existing holdings. Its largest new stake was Discovery, Inc. Series C Common Stock: 855,084 shares worth $24.8M.
By sector, the portfolio is most concentrated in Industrials at 1.9% of assets, down from 2.2% a quarter earlier, followed by Energy and Healthcare.
On the sell side, the most notable exit was Ingles Markets, an estimated $9.25M sold.
- Scion Asset Management's largest Q2 2021 buy was Discovery, Inc. Series C Common Stock: 855,084 shares worth $24.8M.
- Scion Asset Management added most to Scorpio Tankers in Q2 2021, an estimated $8.33M increase.
- Scion Asset Management fully exited Ingles Markets in Q2 2021, selling an estimated $9.25M.
- Scion Asset Management's ten largest holdings make up 93% of its $2.08B portfolio in Q2 2021.
- Scion Asset Management opened 9 new positions and closed 18 in Q2 2021.
- Scion Asset Management's portfolio value rose 54% quarter-over-quarter to $2.08B.
Based on Scion Asset Management's 13F filing for Q2 2021, filed 16 Aug 2021.