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 |
Molina Healthcare
MOH
|
+$8.33M |
| 2 |
Shift4
FOUR
|
+$6.63M |
| 3 |
HPP
Hudson Pacific Properties
HPP
|
+$6.17M |
| 4 |
Baidu
BIDU
|
+$3.52M |
| 5 |
Alibaba
BABA
|
+$2.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HCA Healthcare
HCA
|
+$8.34M |
| 2 |
Citigroup
C
|
+$7.91M |
| 3 |
Sprott Physical Gold
PHYS
|
+$7.62M |
| 4 |
XYZ
Block Inc
XYZ
|
+$7.61M |
| 5 |
Cigna
CI
|
+$7.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 42.57% |
| 2 | Healthcare | 15.55% |
| 3 | Technology | 13.97% |
| 4 | Communication Services | 12.36% |
| 5 | Real Estate | 10.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$271B
| $11.2M | 21.26% |
155,000
+30,000
| +24% | +$2.3M |
|
|
2
Shift4
FOUR
$3.69B
| $7.33M | 13.97% |
+100,000
| New | +$6.63M |
|
|
3
Molina Healthcare
MOH
$10.4B
| $7.29M | 13.89% |
+24,530
| New | +$8.33M |
|
|
4
Baidu
BIDU
$36.3B
| $6.49M | 12.36% |
75,000
+35,000
| +88% | +$3.52M |
|
5
JD.com
JD
$40.7B
| $6.46M | 12.31% |
250,000
-110,000
| -31% | -$3.23M |
|
|
HPP
6
Hudson Pacific Properties
HPP
$816M
| $5.5M | 10.49% |
+163,491
| New | +$6.17M |
|
7
The RealReal
REAL
$1.38B
| $3.19M | 6.08% |
1,000,000
-412,692
| -29% | -$1.52M |
|
8
American Coastal Insurance
ACIC
$484M
| $2.66M | 5.06% |
251,892
| – | – |
|
|
OLPX
9
DELISTED
Olaplex Holdings
OLPX
| $1.53M | 2.92% |
+995,250
| New | +$1.59M |
|
10
BioAtla
BCAB
$5.74M
| $869K | 1.65% |
+12,679
| New | +$1.51M |
|
11
Advance Auto Parts
AAP
$3.2B
| – | – |
-85,000
| Closed | -$7.23M |
|
12
BP
BP
$113B
| – | – |
-175,000
| Closed | -$6.59M |
|
|
13
Citigroup
C
$222B
| – | – |
-125,000
| Closed | -$7.91M |
|
|
14
Cigna
CI
$76.4B
| – | – |
-20,000
| Closed | -$7.26M |
|
15
First Solar
FSLR
$22B
| – | – |
-30,000
| Closed | -$5.06M |
|
|
16
HCA Healthcare
HCA
$85.8B
| – | – |
-25,000
| Closed | -$8.34M |
|
|
17
Sprott Physical Gold
PHYS
$14.6B
| – | – |
-440,729
| Closed | -$7.62M |
|
18
Safe Bulkers
SB
$763M
| – | – |
-400,000
| Closed | -$1.98M |
|
19
Star Bulk Carriers
SBLK
$3.06B
| – | – |
-250,000
| Closed | -$5.97M |
|
|
VTLE
20
DELISTED
Vital Energy
VTLE
| – | – |
-125,000
| Closed | -$6.57M |
|
|
XYZ
21
Block Inc
XYZ
$45.9B
| – | – |
-90,000
| Closed | -$7.61M |
|
Similar funds
Scion Asset Management's Q2 2024 Portfolio in Review
As of Q2 2024, Scion Asset Management held 21 positions worth $52.5M, down 49% from $103M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Scion Asset Management withdrew a net $46.9M in Q2 2024, closing 11 positions and reducing 2 holdings. Its most notable exit was HCA Healthcare, an estimated $8.34M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 43% of assets, up from 31% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Scion Asset Management opened a new position in Molina Healthcare worth $7.29M.
- Scion Asset Management's largest Q2 2024 buy was Molina Healthcare: 24,530 shares worth $7.29M.
- Scion Asset Management added most to Baidu in Q2 2024, an estimated $3.52M increase.
- Scion Asset Management's biggest Q2 2024 reduction was JD.com, cutting an estimated $3.23M.
- Scion Asset Management fully exited HCA Healthcare in Q2 2024, selling an estimated $8.34M.
- Scion Asset Management's ten largest holdings make up 100% of its $52.5M portfolio in Q2 2024.
- Scion Asset Management opened 5 new positions and closed 11 in Q2 2024.
- Scion Asset Management's portfolio value fell 49% quarter-over-quarter to $52.5M.
Based on Scion Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.