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 |
The GEO Group
GEO
|
+$3.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bristol-Myers Squibb
BMY
|
+$21.9M |
| 2 |
Booking.com
BKNG
|
+$18.8M |
| 3 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$18.7M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$18.1M |
| 5 |
Cigna
CI
|
+$18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 100% |
| 2 | Communication Services | 0% |
| 3 | Consumer Discretionary | 0% |
| 4 | Energy | 0% |
| 5 | Healthcare | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
The GEO Group
GEO
$4.01B
| $3.31M | 100% |
+501,360
| New | +$3.33M |
|
2
PUT
Apple
AAPL
$4.97T
| – | – |
-206,000
| Closed | -$36M |
|
|
3
Booking.com
BKNG
$156B
| – | – |
-200,000
| Closed | -$18.8M |
|
|
4
Bristol-Myers Squibb
BMY
$129B
| – | – |
-300,000
| Closed | -$21.9M |
|
|
5
Cigna
CI
$78.7B
| – | – |
-75,000
| Closed | -$18M |
|
|
6
Alphabet (Google) Class A
GOOGL
$4.11T
| – | – |
-130,000
| Closed | -$18.1M |
|
7
Global Payments
GPN
$24.1B
| – | – |
-66,700
| Closed | -$9.13M |
|
8
Meta Platforms (Facebook)
META
$1.48T
| – | – |
-80,000
| Closed | -$17.8M |
|
9
Nexstar Media Group
NXST
$5.99B
| – | – |
-76,200
| Closed | -$14.4M |
|
10
Ovintiv
OVV
$16.9B
| – | – |
-300,000
| Closed | -$16.2M |
|
11
Sportsman's Warehouse
SPWH
$44.9M
| – | – |
-250,000
| Closed | -$2.67M |
|
12
Stellantis
STLA
$17.4B
| – | – |
-600,000
| Closed | -$9.76M |
|
|
DISCK
13
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| – | – |
-750,000
| Closed | -$18.7M |
|
Similar funds
Scion Asset Management's Q2 2022 Portfolio in Review
As of Q2 2022, Scion Asset Management held 13 positions worth $3.31M, down 98% from $201M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Scion Asset Management withdrew a net $198M in Q2 2022, closing 12 positions. Its most notable exit was Bristol-Myers Squibb, an estimated $21.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 100% of assets, up from 4.5% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Scion Asset Management opened a new position in The GEO Group worth $3.31M.
- Scion Asset Management's largest Q2 2022 buy was The GEO Group: 501,360 shares worth $3.31M.
- Scion Asset Management fully exited Bristol-Myers Squibb in Q2 2022, selling an estimated $21.9M.
- Scion Asset Management's ten largest holdings make up 100% of its $3.31M portfolio in Q2 2022.
- Scion Asset Management opened 1 new position and closed 12 in Q2 2022.
- Scion Asset Management's portfolio value fell 98% quarter-over-quarter to $3.31M.
Based on Scion Asset Management's 13F filing for Q2 2022, filed 15 Aug 2022.