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 |
Estee Lauder
EL
|
+$7.23M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$17.3M |
| 2 |
JD.com
JD
|
+$12M |
| 3 |
Baidu
BIDU
|
+$11.2M |
| 4 |
Pinduoduo
PDD
|
+$8.61M |
| 5 |
Molina Healthcare
MOH
|
+$7.28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 6.63% |
| 2 | Communication Services | 0% |
| 3 | Consumer Discretionary | 0% |
| 4 | Financials | 0% |
| 5 | Healthcare | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
NVIDIA
NVDA
$5.01T
| $97.5M | 48.96% |
+900,000
| New | +$114M |
|
|
2
PUT
Alibaba
BABA
$269B
| $26.4M | 13.27% |
+200,000
| New | +$23.1M |
|
|
3
PUT
Pinduoduo
PDD
$118B
| $23.7M | 11.88% |
+200,000
| New | +$23M |
|
|
4
PUT
JD.com
JD
$40.8B
| $16.4M | 8.26% |
+400,000
| New | +$16.1M |
|
|
5
Estee Lauder
EL
$29B
| $13.2M | 6.63% |
200,000
+100,000
| +100% | +$7.23M |
|
6
PUT
Trip.com Group
TCOM
$27.5B
| $12.7M | 6.38% |
+200,000
| New | +$13.1M |
|
|
7
PUT
Baidu
BIDU
$35.8B
| $9.2M | 4.62% |
+100,000
| New | +$8.98M |
|
8
American Coastal Insurance
ACIC
$498M
| – | – |
-146,100
| Closed | -$1.97M |
|
|
9
Alibaba
BABA
$269B
| – | – |
-150,000
| Closed | -$17.3M |
|
|
10
Baidu
BIDU
$35.8B
| – | – |
-125,000
| Closed | -$11.2M |
|
11
Bruker
BRKR
$9.2B
| – | – |
-75,000
| Closed | -$4.4M |
|
|
GOOS
12
Canada Goose Holdings
GOOS
$868M
| – | – |
-24,838
| Closed | -$249K |
|
13
HCA Healthcare
HCA
$84.8B
| – | – |
-15,000
| Closed | -$4.5M |
|
|
14
JD.com
JD
$40.8B
| – | – |
-300,000
| Closed | -$12M |
|
|
15
Molina Healthcare
MOH
$10.3B
| – | – |
-25,000
| Closed | -$7.28M |
|
16
Oscar Health
OSCR
$8.5B
| – | – |
-200,000
| Closed | -$2.69M |
|
|
17
Pinduoduo
PDD
$118B
| – | – |
-75,000
| Closed | -$8.61M |
|
18
VF Corp
VFC
$6.68B
| – | – |
-200,000
| Closed | -$4.29M |
|
|
MAGN
19
Magnera Corp
MAGN
$488M
| – | – |
-200,000
| Closed | -$3.63M |
|
Similar funds
Scion Asset Management's Q1 2025 Portfolio in Review
As of Q1 2025, Scion Asset Management held 19 positions worth $199M, up 157% from $77.4M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Scion Asset Management deployed $127M of net new capital in Q1 2025, opening 6 new positions and adding to 1 existing holding.
By sector, the portfolio is most concentrated in Consumer Staples at 6.6% of assets, down from 14% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the most notable exit was Alibaba, an estimated $17.3M sold.
- Scion Asset Management added most to Estee Lauder in Q1 2025, an estimated $7.23M increase.
- Scion Asset Management fully exited Alibaba in Q1 2025, selling an estimated $17.3M.
- Scion Asset Management's ten largest holdings make up 100% of its $199M portfolio in Q1 2025.
- Scion Asset Management opened 6 new positions and closed 12 in Q1 2025.
- Scion Asset Management's portfolio value rose 157% quarter-over-quarter to $199M.
Based on Scion Asset Management's 13F filing for Q1 2025, filed 15 May 2025.