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 |
FRC
First Republic Bank
FRC
|
+$15.4M |
| 2 |
Signet Jewelers
SIG
|
+$9.27M |
| 3 |
JD.com
JD
|
+$9.04M |
| 4 |
Capital One
COF
|
+$7.85M |
| 5 |
Sibanye-Stillwater
SBSW
|
+$7.76M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$9.26M |
| 2 |
The GEO Group
GEO
|
+$6.51M |
| 3 |
Wolverine World Wide
WWW
|
+$3.89M |
| 4 |
MGM Resorts International
MGM
|
+$3.35M |
| 5 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$2.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 29.71% |
| 2 | Financials | 24.39% |
| 3 | Technology | 11.36% |
| 4 | Energy | 8.97% |
| 5 | Materials | 6.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
JD.com
JD
$40.8B
| $11M | 10.26% |
250,000
+175,000
| +233% | +$9.04M |
|
2
Alibaba
BABA
$269B
| $10.2M | 9.56% |
100,000
+50,000
| +100% | +$5.01M |
|
|
3
Signet Jewelers
SIG
$3.55B
| $9.72M | 9.09% |
+125,000
| New | +$9.27M |
|
|
FLG
4
Flagstar Bank National Association
FLG
$5.77B
| $7.68M | 7.19% |
+283,333
| New | +$7.67M |
|
5
Zoom
ZM
$25.8B
| $7.38M | 6.91% |
+100,000
| New | +$7.21M |
|
|
6
Capital One
COF
$124B
| $7.21M | 6.74% |
+75,000
| New | +$7.85M |
|
|
7
Sibanye-Stillwater
SBSW
$5.92B
| $6.66M | 6.22% |
+800,000
| New | +$7.76M |
|
8
Liberty Latin America Class C
LILAK
$1.5B
| $6.61M | 6.18% |
+880,000
| New | +$7.01M |
|
9
Cigna
CI
$76.6B
| $6.39M | 5.97% |
+25,000
| New | +$7.28M |
|
10
Coherent
COHR
$55.2B
| $4.76M | 4.45% |
125,000
-25,000
| -17% | -$1.02M |
|
11
Wells Fargo
WFC
$261B
| $4.67M | 4.37% |
+125,000
| New | +$5.45M |
|
12
Western Alliance Bancorporation
WAL
$9.07B
| $4.44M | 4.15% |
+125,000
| New | +$7.66M |
|
|
CTRA
13
DELISTED
Coterra Energy
CTRA
| $3.68M | 3.44% |
+150,000
| New | +$3.69M |
|
|
14
The GEO Group
GEO
$4.13B
| $3.16M | 2.95% |
400,000
-663,127
| -62% | -$6.51M |
|
15
NOV
NOV
$7.45B
| $2.66M | 2.49% |
+143,594
| New | +$3.1M |
|
16
Devon Energy
DVN
$51.9B
| $2.44M | 2.29% |
+48,298
| New | +$2.75M |
|
|
PACW
17
DELISTED
PacWest Bancorp
PACW
| $2.43M | 2.27% |
+250,000
| New | +$5.56M |
|
|
FRC
18
DELISTED
First Republic Bank
FRC
| $2.1M | 1.96% |
+150,000
| New | +$15.4M |
|
19
Huntington Bancshares
HBAN
$35.1B
| $2.07M | 1.94% |
+184,900
| New | +$2.57M |
|
20
The RealReal
REAL
$1.34B
| $862K | 0.81% |
+684,442
| New | +$993K |
|
21
Ovintiv
OVV
$17.7B
| $812K | 0.76% |
+22,500
| New | +$992K |
|
|
22
MGM Resorts International
MGM
$11.7B
| – | – |
-100,000
| Closed | -$3.35M |
|
23
Skywest
SKYW
$4.11B
| – | – |
-125,000
| Closed | -$2.06M |
|
|
24
Wolverine World Wide
WWW
$1.54B
| – | – |
-356,101
| Closed | -$3.89M |
|
|
QVCGA
25
DELISTED
QVC Group Inc Series A
QVCGA
| – | – |
-30,000
| Closed | -$2.44M |
|
Similar funds
Scion Asset Management's Q1 2023 Portfolio in Review
As of Q1 2023, Scion Asset Management held 26 positions worth $107M, up 130% from $46.5M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Scion Asset Management deployed $87.7M of net new capital in Q1 2023, opening 17 new positions and adding to 2 existing holdings. Its largest new stake was First Republic Bank: 150,000 shares worth $2.1M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, down from 39% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was The GEO Group, an estimated $6.51M trimmed.
- Scion Asset Management's largest Q1 2023 buy was First Republic Bank: 150,000 shares worth $2.1M.
- Scion Asset Management added most to JD.com in Q1 2023, an estimated $9.04M increase.
- Scion Asset Management's biggest Q1 2023 reduction was The GEO Group, cutting an estimated $6.51M.
- Scion Asset Management fully exited Black Knight, Inc. Common Stock in Q1 2023, selling an estimated $9.26M.
- Scion Asset Management's ten largest holdings make up 73% of its $107M portfolio in Q1 2023.
- Scion Asset Management opened 17 new positions and closed 5 in Q1 2023.
- Scion Asset Management's portfolio value rose 130% quarter-over-quarter to $107M.
Based on Scion Asset Management's 13F filing for Q1 2023, filed 15 May 2023.