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Scion Asset Management Portfolio holdings

AUM $1.38B
1-Year Est. Return 43.96%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-2.94%
1 Year Est. Return
-43.96%
3 Year Est. Return
-1.91%
5 Year Est. Return
+86.43%
10 Year Est. Return
–
AUM
$41.7M
AUM Growth
-$2.04B
Cap. Flow
-$2.04B
Cap. Flow %
-4,887.74%
Top 10 Hldgs %
100%
Holding
25
New
3
Increased
–
Reduced
2
Closed
19

Top Buys

Rank Stock Value
1
LMT icon
Lockheed Martin
LMT
+$10.9M
2
DNOW icon
DNOW Inc
DNOW
+$1.23M
3
SCYX icon
SCYNEXIS
SCYX
+$1.14M

Top Sells

Rank Stock Value
1
DISCK
Discovery, Inc. Series C Common Stock
DISCK
+$24.8M
2
OVV icon
Ovintiv
OVV
+$18.9M
3
STNG icon
Scorpio Tankers
STNG
+$13.2M
4
MRNS
Marinus Pharmaceuticals, Inc
MRNS
+$11.2M
5
SXC icon
SunCoke Energy
SXC
+$11.2M

Sector Composition

Rank Sector Weight
1 Industrials 57.11%
2 Healthcare 42.89%
3 Energy 0%
4 Financials 0%
5 Materials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVS icon
1
CVS Health
CVS
$138B
$17M 40.68%
200,000
– –
LMT icon
2
Lockheed Martin
LMT
$134B
$10.4M 24.82%
+30,000
New +$10.9M
GEO icon
3
The GEO Group
GEO
$4.24B
$8.66M 20.75%
1,158,820
-1,341,180
-54% -$9.86M
CXW icon
4
CoreCivic
CXW
$3.2B
$3.67M 8.79%
412,126
-887,874
-68% -$8.65M
DNOW icon
5
DNOW Inc
DNOW
$2.64B
$1.15M 2.75%
+150,000
New +$1.23M
SCYX icon
6
SCYNEXIS
SCYX
$38.5M
$922K 2.21%
+21,754
New +$1.14M
ARKK icon
7
PUT
ARK Innovation ETF
ARKK
$5.94B
– –
-235,500
Closed -$30.8M
CAH icon
8
CALL
Cardinal Health
CAH
$53.4B
– –
-857,700
Closed -$49M
CVS icon
9
CALL
CVS Health
CVS
$138B
– –
-525,300
Closed -$43.8M
GOGL
10
DELISTED
Golden Ocean Group
GOGL
– –
-700,000
Closed -$7.73M
GOOG icon
11
CALL
Alphabet (Google) Class C
GOOG
$3.91T
– –
-1,838,000
Closed -$230M
KHC icon
12
CALL
Kraft Heinz
KHC
$30.3B
– –
-1,424,800
Closed -$58.1M
MCK icon
13
CALL
McKesson
MCK
$98.5B
– –
-682,400
Closed -$131M
META icon
14
CALL
Meta Platforms (Facebook)
META
$1.54T
– –
-941,200
Closed -$327M
OVV icon
15
Ovintiv
OVV
$17.8B
– –
-600,000
Closed -$18.9M
STNG icon
16
Scorpio Tankers
STNG
$3.94B
– –
-600,000
Closed -$13.2M
SXC icon
17
SunCoke Energy
SXC
$762M
– –
-1,564,804
Closed -$11.2M
TBT icon
18
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$291M
– –
-516,100
Closed -$9.72M
TLT icon
19
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.3B
– –
-1,943,000
Closed -$280M
TSLA icon
20
PUT
Tesla
TSLA
$1.22T
– –
-3,226,500
Closed -$731M
WMT icon
21
CALL
Walmart Inc
WMT
$868B
– –
-1,135,800
Closed -$53.4M
MRNS
22
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
– –
-625,000
Closed -$11.2M
VYGG
23
DELISTED
Vy Global Growth
VYGG
– –
-144,550
Closed -$1.44M
VYGG.WS
24
DELISTED
Vy Global Growth Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50
VYGG.WS
– –
-550,000
Closed -$996K
DISCK
25
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
– –
-855,084
Closed -$24.8M

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Scion Asset Management's Q3 2021 Portfolio in Review

As of Q3 2021, Scion Asset Management held 25 positions worth $41.7M, down 98% from $2.08B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Scion Asset Management withdrew a net $2.04B in Q3 2021, closing 19 positions and reducing 2 holdings. Its most notable exit was Discovery, Inc. Series C Common Stock, an estimated $24.8M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 57% of assets, up from 1.9% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Scion Asset Management opened a new position in Lockheed Martin worth $10.4M.

  • Scion Asset Management's largest Q3 2021 buy was Lockheed Martin: 30,000 shares worth $10.4M.
  • Scion Asset Management's biggest Q3 2021 reduction was The GEO Group, cutting an estimated $9.86M.
  • Scion Asset Management fully exited Discovery, Inc. Series C Common Stock in Q3 2021, selling an estimated $24.8M.
  • Scion Asset Management's ten largest holdings make up 100% of its $41.7M portfolio in Q3 2021.
  • Scion Asset Management opened 3 new positions and closed 19 in Q3 2021.
  • Scion Asset Management's portfolio value fell 98% quarter-over-quarter to $41.7M.

Based on Scion Asset Management's 13F filing for Q3 2021, filed 15 Nov 2021.