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 |
Sprott Physical Gold
PHYS
|
+$7.07M |
| 2 |
Cigna
CI
|
+$6.58M |
| 3 |
BP
BP
|
+$6.27M |
| 4 |
First Solar
FSLR
|
+$4.61M |
| 5 |
Baidu
BIDU
|
+$4.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$5.27M |
| 2 |
CVS Health
CVS
|
+$5.13M |
| 3 |
Nexstar Media Group
NXST
|
+$5.09M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$4.89M |
| 5 |
Amazon
AMZN
|
+$4.56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30.59% |
| 2 | Healthcare | 15.08% |
| 3 | Energy | 12.72% |
| 4 | Technology | 12.25% |
| 5 | Financials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
JD.com
JD
$40.8B
| $9.86M | 9.53% |
360,000
+160,000
| +80% | +$3.92M |
|
2
Alibaba
BABA
$269B
| $9.04M | 8.74% |
125,000
+50,000
| +67% | +$3.66M |
|
3
HCA Healthcare
HCA
$84.8B
| $8.34M | 8.06% |
25,000
+5,000
| +25% | +$1.53M |
|
4
Citigroup
C
$222B
| $7.91M | 7.64% |
125,000
+25,000
| +25% | +$1.39M |
|
|
5
Sprott Physical Gold
PHYS
$14.6B
| $7.62M | 7.37% |
+440,729
| New | +$7.07M |
|
|
XYZ
6
Block Inc
XYZ
$45.9B
| $7.61M | 7.36% |
90,000
+40,000
| +80% | +$2.89M |
|
|
7
Cigna
CI
$76.6B
| $7.26M | 7.02% |
+20,000
| New | +$6.58M |
|
8
Advance Auto Parts
AAP
$3.37B
| $7.23M | 6.99% |
85,000
+15,000
| +21% | +$1.04M |
|
|
9
BP
BP
$113B
| $6.59M | 6.37% |
+175,000
| New | +$6.27M |
|
|
VTLE
10
DELISTED
Vital Energy
VTLE
| $6.57M | 6.35% |
125,000
+37,500
| +43% | +$1.74M |
|
11
Star Bulk Carriers
SBLK
$3.14B
| $5.97M | 5.77% |
250,000
+29,792
| +14% | +$675K |
|
12
The RealReal
REAL
$1.34B
| $5.52M | 5.34% |
1,412,692
+757,886
| +116% | +$1.81M |
|
|
13
First Solar
FSLR
$21.8B
| $5.06M | 4.89% |
+30,000
| New | +$4.61M |
|
|
14
Baidu
BIDU
$35.8B
| $4.21M | 4.07% |
+40,000
| New | +$4.26M |
|
15
American Coastal Insurance
ACIC
$498M
| $2.69M | 2.6% |
251,892
+41,524
| +20% | +$470K |
|
16
Safe Bulkers
SB
$781M
| $1.98M | 1.92% |
400,000
+150,000
| +60% | +$661K |
|
|
17
Amazon
AMZN
$2.5T
| – | – |
-30,000
| Closed | -$4.56M |
|
18
Booking.com
BKNG
$138B
| – | – |
-31,250
| Closed | -$4.43M |
|
19
Bruker
BRKR
$9.2B
| – | – |
-50,000
| Closed | -$3.67M |
|
|
20
CVS Health
CVS
$137B
| – | – |
-65,000
| Closed | -$5.13M |
|
21
GEN Restaurant Group
GENK
$10.6M
| – | – |
-154,142
| Closed | -$1.21M |
|
|
22
Alphabet (Google) Class A
GOOGL
$3.91T
| – | – |
-35,000
| Closed | -$4.89M |
|
23
MGM Resorts International
MGM
$11.7B
| – | – |
-100,000
| Closed | -$4.47M |
|
24
Mettler-Toledo International
MTD
$26.8B
| – | – |
-2,000
| Closed | -$2.43M |
|
|
25
Nexstar Media Group
NXST
$5.6B
| – | – |
-32,500
| Closed | -$5.09M |
|
Similar funds
Scion Asset Management's Q1 2024 Portfolio in Review
As of Q1 2024, Scion Asset Management held 30 positions worth $103M, up 9.4% from $94.6M the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Scion Asset Management's Q1 2024 filing shows 5 new, 11 increased and 14 closed positions. Its largest new stake was Sprott Physical Gold: 440,729 shares worth $7.62M. The largest sale was Oracle, an estimated $5.27M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, down from 34% a quarter earlier, followed by Healthcare and Energy.
- Scion Asset Management's largest Q1 2024 buy was Sprott Physical Gold: 440,729 shares worth $7.62M.
- Scion Asset Management added most to JD.com in Q1 2024, an estimated $3.92M increase.
- Scion Asset Management fully exited Oracle in Q1 2024, selling an estimated $5.27M.
- Scion Asset Management's ten largest holdings make up 75% of its $103M portfolio in Q1 2024.
- Scion Asset Management opened 5 new positions and closed 14 in Q1 2024.
- Scion Asset Management's portfolio value rose 9.4% quarter-over-quarter to $103M.
Based on Scion Asset Management's 13F filing for Q1 2024, filed 15 May 2024.