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
|
+$20.4M |
| 2 |
Meta Platforms (Facebook)
META
|
+$20M |
| 3 |
Booking.com
BKNG
|
+$18.7M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$17.7M |
| 5 |
Cigna
CI
|
+$17.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity National Financial
FNF
|
+$17M |
| 2 |
General Dynamics
GD
|
+$16.7M |
| 3 |
IMPX
AEA-Bridges Impact Corp
IMPX
|
+$9.99M |
| 4 |
The GEO Group
GEO
|
+$6.59M |
| 5 |
CoreCivic
CXW
|
+$5.54M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 34.24% |
| 2 | Healthcare | 19.8% |
| 3 | Miscellaneous | 17.86% |
| 4 | Consumer Discretionary | 15.5% |
| 5 | Energy | 8.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Apple
AAPL
$4.61T
| $36M | 17.86% |
+206,000
| New | +$34.6M |
|
2
Bristol-Myers Squibb
BMY
$133B
| $21.9M | 10.88% |
300,000
| – | – |
|
|
3
Booking.com
BKNG
$135B
| $18.8M | 9.33% |
+200,000
| New | +$18.7M |
|
|
DISCK
4
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $18.7M | 9.3% |
+750,000
| New | +$20.4M |
|
|
5
Alphabet (Google) Class A
GOOGL
$4.13T
| $18.1M | 8.98% |
+130,000
| New | +$17.7M |
|
|
6
Cigna
CI
$73.3B
| $18M | 8.92% |
+75,000
| New | +$17.6M |
|
|
7
Meta Platforms (Facebook)
META
$1.57T
| $17.8M | 8.83% |
+80,000
| New | +$20M |
|
8
Ovintiv
OVV
$17.7B
| $16.2M | 8.06% |
+300,000
| New | +$12.9M |
|
9
Nexstar Media Group
NXST
$5.21B
| $14.4M | 7.13% |
+76,200
| New | +$13.3M |
|
10
Stellantis
STLA
$15.6B
| $9.76M | 4.85% |
+600,000
| New | +$11M |
|
11
Global Payments
GPN
$23.7B
| $9.13M | 4.53% |
+66,700
| New | +$9.32M |
|
12
Sportsman's Warehouse
SPWH
$49.7M
| $2.67M | 1.33% |
+250,000
| New | +$2.8M |
|
|
13
CoreCivic
CXW
$3.47B
| – | – |
-555,427
| Closed | -$5.54M |
|
|
14
Fidelity National Financial
FNF
$12B
| – | – |
-338,000
| Closed | -$17M |
|
|
15
General Dynamics
GD
$96.8B
| – | – |
-80,000
| Closed | -$16.7M |
|
|
16
The GEO Group
GEO
$4.2B
| – | – |
-850,000
| Closed | -$6.59M |
|
|
IMPX
17
DELISTED
AEA-Bridges Impact Corp
IMPX
| – | – |
-1,000,100
| Closed | -$9.99M |
|
Similar funds
Scion Asset Management's Q1 2022 Portfolio in Review
As of Q1 2022, Scion Asset Management held 17 positions worth $201M, up 170% from $74.5M the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Scion Asset Management deployed $87.8M of net new capital in Q1 2022, opening 11 new positions. Its largest new stake was Discovery, Inc. Series C Common Stock: 750,000 shares worth $18.7M.
By sector, the portfolio is most concentrated in Communication Services at 34% of assets, followed by Healthcare and Miscellaneous.
On the sell side, the most notable exit was Fidelity National Financial, an estimated $17M sold.
- Scion Asset Management's largest Q1 2022 buy was Discovery, Inc. Series C Common Stock: 750,000 shares worth $18.7M.
- Scion Asset Management fully exited Fidelity National Financial in Q1 2022, selling an estimated $17M.
- Scion Asset Management's ten largest holdings make up 94% of its $201M portfolio in Q1 2022.
- Scion Asset Management opened 11 new positions and closed 5 in Q1 2022.
- Scion Asset Management's portfolio value rose 170% quarter-over-quarter to $201M.
Based on Scion Asset Management's 13F filing for Q1 2022, filed 16 May 2022.