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 |
Bristol-Myers Squibb
BMY
|
+$17.6M |
| 2 |
Fidelity National Financial
FNF
|
+$16.2M |
| 3 |
General Dynamics
GD
|
+$16.2M |
| 4 |
IMPX
AEA-Bridges Impact Corp
IMPX
|
+$9.86M |
| 5 |
CoreCivic
CXW
|
+$1.42M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVS Health
CVS
|
+$17M |
| 2 |
Lockheed Martin
LMT
|
+$10.4M |
| 3 |
The GEO Group
GEO
|
+$2.53M |
| 4 |
DNOW Inc
DNOW
|
+$1.15M |
| 5 |
SCYNEXIS
SCYX
|
+$922K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 38.68% |
| 2 | Healthcare | 25.12% |
| 3 | Financials | 22.78% |
| 4 | Consumer Discretionary | 13.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bristol-Myers Squibb
BMY
$127B
| $18.7M | 25.12% |
+300,000
| New | +$17.6M |
|
|
2
Fidelity National Financial
FNF
$13.9B
| $17M | 22.78% |
+338,000
| New | +$16.2M |
|
|
3
General Dynamics
GD
$105B
| $16.7M | 22.4% |
+80,000
| New | +$16.2M |
|
|
IMPX
4
DELISTED
AEA-Bridges Impact Corp
IMPX
| $9.99M | 13.42% |
+1,000,100
| New | +$9.86M |
|
|
5
The GEO Group
GEO
$4.13B
| $6.59M | 8.85% |
850,000
-308,820
| -27% | -$2.53M |
|
|
6
CoreCivic
CXW
$3.1B
| $5.54M | 7.44% |
555,427
+143,301
| +35% | +$1.42M |
|
|
7
CVS Health
CVS
$137B
| – | – |
-200,000
| Closed | -$17M |
|
|
8
DNOW Inc
DNOW
$2.63B
| – | – |
-150,000
| Closed | -$1.15M |
|
|
9
Lockheed Martin
LMT
$134B
| – | – |
-30,000
| Closed | -$10.4M |
|
|
10
SCYNEXIS
SCYX
$37M
| – | – |
-21,754
| Closed | -$922K |
|
Similar funds
Scion Asset Management's Q4 2021 Portfolio in Review
As of Q4 2021, Scion Asset Management held 10 positions worth $74.5M, up 78% from $41.7M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Scion Asset Management deployed $29.3M of net new capital in Q4 2021, opening 4 new positions and adding to 1 existing holding. Its largest new stake was Bristol-Myers Squibb: 300,000 shares worth $18.7M.
By sector, the portfolio is most concentrated in Industrials at 39% of assets, down from 57% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was The GEO Group, an estimated $2.53M trimmed.
- Scion Asset Management's largest Q4 2021 buy was Bristol-Myers Squibb: 300,000 shares worth $18.7M.
- Scion Asset Management added most to CoreCivic in Q4 2021, an estimated $1.42M increase.
- Scion Asset Management's biggest Q4 2021 reduction was The GEO Group, cutting an estimated $2.53M.
- Scion Asset Management fully exited CVS Health in Q4 2021, selling an estimated $17M.
- Scion Asset Management's ten largest holdings make up 100% of its $74.5M portfolio in Q4 2021.
- Scion Asset Management opened 4 new positions and closed 4 in Q4 2021.
- Scion Asset Management's portfolio value rose 78% quarter-over-quarter to $74.5M.
Based on Scion Asset Management's 13F filing for Q4 2021, filed 14 Feb 2022.