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 |
Expedia Group
EXPE
|
+$9.8M |
| 2 |
Charter Communications
CHTR
|
+$8.53M |
| 3 |
CVS Health
CVS
|
+$7.12M |
| 4 |
MGM Resorts International
MGM
|
+$6.41M |
| 5 |
Generac Holdings
GNRC
|
+$6.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JD.com
JD
|
+$11M |
| 2 |
Alibaba
BABA
|
+$10.2M |
| 3 |
Zoom
ZM
|
+$7.38M |
| 4 |
Capital One
COF
|
+$7.21M |
| 5 |
Sibanye-Stillwater
SBSW
|
+$6.66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.04% |
| 2 | Communication Services | 1.29% |
| 3 | Industrials | 1% |
| 4 | Energy | 0.89% |
| 5 | Healthcare | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $887M | 51.05% |
+2,000,000
| New | +$839M |
|
2
PUT
Invesco QQQ Trust
QQQ
$458B
| $739M | 42.54% |
+2,000,000
| New | +$673M |
|
|
3
Expedia Group
EXPE
$31.7B
| $10.9M | 0.63% |
+100,000
| New | +$9.8M |
|
|
4
Charter Communications
CHTR
$14.9B
| $9.18M | 0.53% |
+25,000
| New | +$8.53M |
|
|
5
Generac Holdings
GNRC
$12.1B
| $8.2M | 0.47% |
+55,000
| New | +$6.27M |
|
6
Cigna
CI
$76.5B
| $7.72M | 0.44% |
27,500
+2,500
| +10% | +$651K |
|
|
7
CVS Health
CVS
$138B
| $6.91M | 0.4% |
+100,000
| New | +$7.12M |
|
|
8
MGM Resorts International
MGM
$11.8B
| $6.59M | 0.38% |
+150,000
| New | +$6.41M |
|
9
Stellantis
STLA
$16.4B
| $5.7M | 0.33% |
+325,000
| New | +$5.45M |
|
|
VTLE
10
DELISTED
Vital Energy
VTLE
| $5.64M | 0.33% |
+125,000
| New | +$5.65M |
|
11
Signet Jewelers
SIG
$3.5B
| $5.55M | 0.32% |
85,000
-40,000
| -32% | -$2.77M |
|
12
Warner Bros
WBD
$65.9B
| $4.7M | 0.27% |
+375,000
| New | +$4.87M |
|
13
The GEO Group
GEO
$4.24B
| $4.3M | 0.25% |
600,000
+200,000
| +50% | +$1.55M |
|
14
Liberty Latin America Class C
LILAK
$1.51B
| $3.88M | 0.22% |
495,000
-385,000
| -44% | -$2.87M |
|
|
NEX
15
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $3.58M | 0.21% |
+400,000
| New | +$3.3M |
|
16
The RealReal
REAL
$1.36B
| $3.33M | 0.19% |
1,500,000
+815,558
| +119% | +$1.12M |
|
17
Star Bulk Carriers
SBLK
$3.13B
| $3.27M | 0.19% |
+184,740
| New | +$3.56M |
|
18
Crescent Energy
CRGY
$3.77B
| $2.54M | 0.15% |
+243,963
| New | +$2.61M |
|
19
Nexstar Media Group
NXST
$5.64B
| $2.5M | 0.14% |
+15,000
| New | +$2.49M |
|
20
Comstock Resources
CRK
$4.05B
| $2.32M | 0.13% |
+200,000
| New | +$2.08M |
|
|
FLG
21
Flagstar Bank National Association
FLG
$5.86B
| $2.25M | 0.13% |
66,667
-216,666
| -76% | -$6.57M |
|
22
iHeartMedia
IHRT
$555M
| $2.18M | 0.13% |
+600,000
| New | +$1.99M |
|
|
HBI
23
DELISTED
Hanesbrands
HBI
| $1.82M | 0.1% |
+400,000
| New | +$1.83M |
|
|
QVCGA
24
DELISTED
QVC Group Inc Series A
QVCGA
| $1.48M | 0.09% |
+30,000
| New | +$1.35M |
|
25
Costamare
CMRE
$1.91B
| $1.21M | 0.07% |
+125,000
| New | +$1.12M |
|
Similar funds
Scion Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Scion Asset Management held 48 positions worth $1.74B, up 1,524% from $107M the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Scion Asset Management deployed $1.51B of net new capital in Q2 2023, opening 27 new positions and adding to 3 existing holdings. Its largest new stake was Expedia Group: 100,000 shares worth $10.9M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2% of assets, down from 30% a quarter earlier, followed by Communication Services and Industrials.
On the sell side, the largest reduction was Flagstar Bank National Association, an estimated $6.57M trimmed.
- Scion Asset Management's largest Q2 2023 buy was Expedia Group: 100,000 shares worth $10.9M.
- Scion Asset Management added most to The GEO Group in Q2 2023, an estimated $1.55M increase.
- Scion Asset Management's biggest Q2 2023 reduction was Flagstar Bank National Association, cutting an estimated $6.57M.
- Scion Asset Management fully exited JD.com in Q2 2023, selling an estimated $11M.
- Scion Asset Management's ten largest holdings make up 97% of its $1.74B portfolio in Q2 2023.
- Scion Asset Management opened 27 new positions and closed 15 in Q2 2023.
- Scion Asset Management's portfolio value rose 1,524% quarter-over-quarter to $1.74B.
Based on Scion Asset Management's 13F filing for Q2 2023, filed 14 Aug 2023.