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 |
Pinduoduo
PDD
|
+$8.73M |
| 2 |
Estee Lauder
EL
|
+$7.9M |
| 3 |
HCA Healthcare
HCA
|
+$5.24M |
| 4 |
Bruker
BRKR
|
+$4.43M |
| 5 |
MAGN
Magnera Corp
MAGN
|
+$4.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shift4
FOUR
|
+$13.3M |
| 2 |
JD.com
JD
|
+$7.74M |
| 3 |
Alibaba
BABA
|
+$4.72M |
| 4 |
OLPX
Olaplex Holdings
OLPX
|
+$2.35M |
| 5 |
The RealReal
REAL
|
+$1.57M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 45.12% |
| 2 | Healthcare | 24.36% |
| 3 | Consumer Staples | 14.38% |
| 4 | Communication Services | 13.61% |
| 5 | Financials | 2.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$270B
| $12.7M | 16.42% |
150,000
-50,000
| -25% | -$4.72M |
|
2
Baidu
BIDU
$36B
| $10.5M | 13.61% |
125,000
| – | – |
|
|
3
JD.com
JD
$40.9B
| $10.4M | 13.43% |
300,000
-200,000
| -40% | -$7.74M |
|
|
4
Estee Lauder
EL
$29.1B
| $7.5M | 9.68% |
+100,000
| New | +$7.9M |
|
5
Molina Healthcare
MOH
$10.3B
| $7.28M | 9.4% |
25,000
-5,000
| -17% | -$1.54M |
|
|
6
Pinduoduo
PDD
$118B
| $7.27M | 9.39% |
+75,000
| New | +$8.73M |
|
|
7
HCA Healthcare
HCA
$84.9B
| $4.5M | 5.81% |
+15,000
| New | +$5.24M |
|
|
8
Bruker
BRKR
$9.28B
| $4.4M | 5.68% |
+75,000
| New | +$4.43M |
|
9
VF Corp
VFC
$6.71B
| $4.29M | 5.54% |
+200,000
| New | +$4.07M |
|
|
MAGN
10
Magnera Corp
MAGN
$488M
| $3.63M | 4.69% |
+200,000
| New | +$4.09M |
|
11
Oscar Health
OSCR
$8.52B
| $2.69M | 3.47% |
+200,000
| New | +$3.22M |
|
12
American Coastal Insurance
ACIC
$497M
| $1.97M | 2.54% |
146,100
+46,100
| +46% | +$576K |
|
|
GOOS
13
Canada Goose Holdings
GOOS
$867M
| $249K | 0.32% |
+24,838
| New | +$254K |
|
|
14
PUT
Alibaba
BABA
$270B
| – | – |
-168,900
| Closed | -$17.9M |
|
|
15
PUT
Baidu
BIDU
$36B
| – | – |
-83,300
| Closed | -$8.77M |
|
|
16
Shift4
FOUR
$3.83B
| – | – |
-150,000
| Closed | -$13.3M |
|
|
17
PUT
JD.com
JD
$40.9B
| – | – |
-500,000
| Closed | -$20M |
|
|
OLPX
18
DELISTED
Olaplex Holdings
OLPX
| – | – |
-1,000,000
| Closed | -$2.35M |
|
|
19
The RealReal
REAL
$1.36B
| – | – |
-500,000
| Closed | -$1.57M |
|
Similar funds
Scion Asset Management's Q4 2024 Portfolio in Review
As of Q4 2024, Scion Asset Management held 19 positions worth $77.4M, down 40% from $130M the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Scion Asset Management withdrew a net $39.4M in Q4 2024, closing 6 positions and reducing 3 holdings. Its most notable exit was Shift4, an estimated $13.3M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 45% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Staples.
Against the trend, Scion Asset Management opened a new position in Pinduoduo worth $7.27M.
- Scion Asset Management's largest Q4 2024 buy was Pinduoduo: 75,000 shares worth $7.27M.
- Scion Asset Management added most to American Coastal Insurance in Q4 2024, an estimated $576K increase.
- Scion Asset Management's biggest Q4 2024 reduction was JD.com, cutting an estimated $7.74M.
- Scion Asset Management fully exited Shift4 in Q4 2024, selling an estimated $13.3M.
- Scion Asset Management's ten largest holdings make up 94% of its $77.4M portfolio in Q4 2024.
- Scion Asset Management opened 8 new positions and closed 6 in Q4 2024.
- Scion Asset Management's portfolio value fell 40% quarter-over-quarter to $77.4M.
Based on Scion Asset Management's 13F filing for Q4 2024, filed 14 Feb 2025.