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 |
Oracle
ORCL
|
+$5.46M |
| 2 |
HCA Healthcare
HCA
|
+$4.94M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$4.7M |
| 4 |
CVS Health
CVS
|
+$4.63M |
| 5 |
Citigroup
C
|
+$4.43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Stellantis
STLA
|
+$7.65M |
| 2 |
CMBT
CMB.TECH NV
CMBT
|
+$4.11M |
| 3 |
HPP
Hudson Pacific Properties
HPP
|
+$2.66M |
| 4 |
Crescent Energy
CRGY
|
+$2.53M |
| 5 |
Nexstar Media Group
NXST
|
+$2.37M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 34.22% |
| 2 | Healthcare | 17.6% |
| 3 | Communication Services | 15.07% |
| 4 | Technology | 13.52% |
| 5 | Financials | 7.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alibaba
BABA
$269B
| $5.81M | 6.15% |
75,000
+25,000
| +50% | +$1.99M |
|
2
JD.com
JD
$40.8B
| $5.78M | 6.11% |
200,000
+75,000
| +60% | +$2.03M |
|
|
3
HCA Healthcare
HCA
$84.8B
| $5.41M | 5.72% |
+20,000
| New | +$4.94M |
|
|
4
Oracle
ORCL
$331B
| $5.27M | 5.57% |
+50,000
| New | +$5.46M |
|
|
5
Citigroup
C
$222B
| $5.14M | 5.44% |
+100,000
| New | +$4.43M |
|
|
6
CVS Health
CVS
$137B
| $5.13M | 5.43% |
+65,000
| New | +$4.63M |
|
|
7
Nexstar Media Group
NXST
$5.6B
| $5.09M | 5.39% |
32,500
-16,151
| -33% | -$2.37M |
|
|
8
Alphabet (Google) Class A
GOOGL
$3.91T
| $4.89M | 5.17% |
+35,000
| New | +$4.7M |
|
9
Star Bulk Carriers
SBLK
$3.14B
| $4.68M | 4.95% |
220,208
-29,792
| -12% | -$587K |
|
10
Amazon
AMZN
$2.5T
| $4.56M | 4.82% |
+30,000
| New | +$4.21M |
|
11
MGM Resorts International
MGM
$11.7B
| $4.47M | 4.72% |
+100,000
| New | +$3.92M |
|
12
Booking.com
BKNG
$138B
| $4.43M | 4.69% |
31,250
-6,250
| -17% | -$780K |
|
13
Advance Auto Parts
AAP
$3.37B
| $4.27M | 4.52% |
+70,000
| New | +$3.83M |
|
14
Warner Bros
WBD
$64.6B
| $4.27M | 4.51% |
+375,000
| New | +$4.05M |
|
|
VTLE
15
DELISTED
Vital Energy
VTLE
| $3.98M | 4.21% |
+87,500
| New | +$4.19M |
|
|
XYZ
16
Block Inc
XYZ
$45.9B
| $3.87M | 4.09% |
+50,000
| New | +$2.83M |
|
17
Bruker
BRKR
$9.2B
| $3.67M | 3.88% |
+50,000
| New | +$3.2M |
|
18
Toast
TOST
$16.8B
| $3.65M | 3.86% |
+200,000
| New | +$3.28M |
|
19
Mettler-Toledo International
MTD
$26.8B
| $2.43M | 2.56% |
+2,000
| New | +$2.16M |
|
20
American Coastal Insurance
ACIC
$498M
| $1.99M | 2.1% |
+210,368
| New | +$1.69M |
|
|
BIG
21
DELISTED
Big Lots, Inc.
BIG
| $1.75M | 1.85% |
+225,000
| New | +$1.16M |
|
22
The RealReal
REAL
$1.34B
| $1.32M | 1.39% |
654,806
-95,194
| -13% | -$185K |
|
23
GEN Restaurant Group
GENK
$10.6M
| $1.21M | 1.28% |
+154,142
| New | +$1.31M |
|
24
Safe Bulkers
SB
$781M
| $983K | 1.04% |
250,000
-50,000
| -17% | -$176K |
|
|
QVCGA
25
DELISTED
QVC Group Inc Series A
QVCGA
| $525K | 0.56% |
+12,000
| New | +$411K |
|
Similar funds
Scion Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Scion Asset Management held 31 positions worth $94.6M, down 4.4% from $99M the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Scion Asset Management withdrew a net $11.7M in Q4 2023, closing 6 positions and reducing 5 holdings. Its most notable exit was Stellantis, an estimated $7.65M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 34% of assets, up from 22% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Scion Asset Management opened a new position in Oracle worth $5.27M.
- Scion Asset Management's largest Q4 2023 buy was Oracle: 50,000 shares worth $5.27M.
- Scion Asset Management added most to JD.com in Q4 2023, an estimated $2.03M increase.
- Scion Asset Management's biggest Q4 2023 reduction was Nexstar Media Group, cutting an estimated $2.37M.
- Scion Asset Management fully exited Stellantis in Q4 2023, selling an estimated $7.65M.
- Scion Asset Management's ten largest holdings make up 55% of its $94.6M portfolio in Q4 2023.
- Scion Asset Management opened 18 new positions and closed 6 in Q4 2023.
- Scion Asset Management's portfolio value fell 4.4% quarter-over-quarter to $94.6M.
Based on Scion Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.