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 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$14.5M |
| 2 |
The GEO Group
GEO
|
+$11.2M |
| 3 |
CoreCivic
CXW
|
+$7.32M |
| 4 |
AJRD
Aerojet Rocketdyne Holdings
AJRD
|
+$5.61M |
| 5 |
Charter Communications
CHTR
|
+$4.28M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 66% |
| 2 | Consumer Discretionary | 24.34% |
| 3 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
The GEO Group
GEO
$4.19B
| $15.5M | 37.65% |
2,019,150
+1,517,790
| +303% | +$11.2M |
|
|
QVCGA
2
DELISTED
QVC Group Inc Series A
QVCGA
| $10.1M | 24.34% |
+100,000
| New | +$14.5M |
|
|
3
CoreCivic
CXW
$3.17B
| $6.41M | 15.52% |
+724,895
| New | +$7.32M |
|
|
AJRD
4
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $5.3M | 12.84% |
+132,561
| New | +$5.61M |
|
|
5
Charter Communications
CHTR
$15.2B
| $3.03M | 7.35% |
+10,000
| New | +$4.28M |
|
6
Liberty Latin America Class C
LILAK
$1.5B
| $958K | 2.32% |
+171,337
| New | +$1.1M |
|
Similar funds
Scion Asset Management's Q3 2022 Portfolio in Review
As of Q3 2022, Scion Asset Management held 6 positions worth $41.3M, up 1,148% from $3.31M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Scion Asset Management deployed $44M of net new capital in Q3 2022, opening 5 new positions and adding to 1 existing holding. Its largest new stake was QVC Group Inc Series A: 100,000 shares worth $10.1M.
By sector, the portfolio is most concentrated in Industrials at 66% of assets, down from 100% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Scion Asset Management's largest Q3 2022 buy was QVC Group Inc Series A: 100,000 shares worth $10.1M.
- Scion Asset Management added most to The GEO Group in Q3 2022, an estimated $11.2M increase.
- Scion Asset Management's ten largest holdings make up 100% of its $41.3M portfolio in Q3 2022.
- Scion Asset Management opened 5 new positions and closed 0 in Q3 2022.
- Scion Asset Management's portfolio value rose 1,148% quarter-over-quarter to $41.3M.
Based on Scion Asset Management's 13F filing for Q3 2022, filed 14 Nov 2022.