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 |
Nexstar Media Group
NXST
|
+$5.46M |
| 2 |
Alibaba
BABA
|
+$4.58M |
| 3 |
Booking.com
BKNG
|
+$4.54M |
| 4 |
JD.com
JD
|
+$4.35M |
| 5 |
CMBT
CMB.TECH NV
CMBT
|
+$3.25M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Expedia Group
EXPE
|
+$10.9M |
| 2 |
Charter Communications
CHTR
|
+$9.18M |
| 3 |
Generac Holdings
GNRC
|
+$8.2M |
| 4 |
Cigna
CI
|
+$7.72M |
| 5 |
CVS Health
CVS
|
+$6.91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 22.06% |
| 2 | Communication Services | 7.05% |
| 3 | Energy | 6.7% |
| 4 | Industrials | 5.85% |
| 5 | Real Estate | 2.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Semiconductor ETF
SOXX
$45.4B
| $47.4M | 47.86% |
+300,000
| New | +$50M |
|
|
2
PUT
Booking.com
BKNG
$136B
| $7.71M | 7.79% |
+62,500
| New | +$7.57M |
|
3
Stellantis
STLA
$16.5B
| $7.65M | 7.73% |
400,000
+75,000
| +23% | +$1.4M |
|
|
4
Nexstar Media Group
NXST
$5.62B
| $6.98M | 7.05% |
48,651
+33,651
| +224% | +$5.46M |
|
5
Star Bulk Carriers
SBLK
$3.06B
| $4.82M | 4.87% |
250,000
+65,260
| +35% | +$1.16M |
|
|
6
Booking.com
BKNG
$136B
| $4.63M | 4.67% |
+37,500
| New | +$4.54M |
|
|
7
Alibaba
BABA
$271B
| $4.34M | 4.38% |
+50,000
| New | +$4.58M |
|
|
CMBT
8
CMB.TECH NV
CMBT
$4.58B
| $4.11M | 4.15% |
250,000
+197,100
| +373% | +$3.25M |
|
|
9
JD.com
JD
$40.6B
| $3.64M | 3.68% |
+125,000
| New | +$4.35M |
|
|
HPP
10
Hudson Pacific Properties
HPP
$816M
| $2.66M | 2.69% |
57,143
+21,429
| +60% | +$920K |
|
11
Crescent Energy
CRGY
$3.76B
| $2.53M | 2.55% |
200,000
-43,963
| -18% | -$538K |
|
12
The RealReal
REAL
$1.37B
| $1.58M | 1.6% |
750,000
-750,000
| -50% | -$1.83M |
|
13
Safe Bulkers
SB
$779M
| $972K | 0.98% |
300,000
+172,475
| +135% | +$557K |
|
|
14
Charter Communications
CHTR
$14.9B
| – | – |
-25,000
| Closed | -$9.18M |
|
|
15
Cigna
CI
$75.8B
| – | – |
-27,500
| Closed | -$7.72M |
|
16
Costamare
CMRE
$1.89B
| – | – |
-125,000
| Closed | -$1.21M |
|
17
Comstock Resources
CRK
$4.16B
| – | – |
-200,000
| Closed | -$2.32M |
|
|
18
CVS Health
CVS
$137B
| – | – |
-100,000
| Closed | -$6.91M |
|
19
iShares MSCI Japan ETF
EWJ
$21.8B
| – | – |
-10,000
| Closed | -$619K |
|
20
iShares MSCI Japan Value ETF
EWJV
$687M
| – | – |
-13,600
| Closed | -$372K |
|
|
21
Expedia Group
EXPE
$31.4B
| – | – |
-100,000
| Closed | -$10.9M |
|
22
Franklin FTSE Japan ETF
FLJP
$3.93B
| – | – |
-30,000
| Closed | -$812K |
|
23
The GEO Group
GEO
$4.19B
| – | – |
-600,000
| Closed | -$4.3M |
|
|
24
Generac Holdings
GNRC
$12.3B
| – | – |
-55,000
| Closed | -$8.2M |
|
|
HBI
25
DELISTED
Hanesbrands
HBI
| – | – |
-400,000
| Closed | -$1.82M |
|
Similar funds
Scion Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Scion Asset Management held 38 positions worth $99M, down 94% from $1.74B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Scion Asset Management withdrew a net $1.64B in Q3 2023, closing 25 positions and reducing 2 holdings. Its most notable exit was Expedia Group, an estimated $10.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, up from 2% a quarter earlier, followed by Communication Services and Energy.
Against the trend, Scion Asset Management opened a new position in Alibaba worth $4.34M.
- Scion Asset Management's largest Q3 2023 buy was Alibaba: 50,000 shares worth $4.34M.
- Scion Asset Management added most to Nexstar Media Group in Q3 2023, an estimated $5.46M increase.
- Scion Asset Management's biggest Q3 2023 reduction was The RealReal, cutting an estimated $1.83M.
- Scion Asset Management fully exited Expedia Group in Q3 2023, selling an estimated $10.9M.
- Scion Asset Management's ten largest holdings make up 95% of its $99M portfolio in Q3 2023.
- Scion Asset Management opened 5 new positions and closed 25 in Q3 2023.
- Scion Asset Management's portfolio value fell 94% quarter-over-quarter to $99M.
Based on Scion Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.