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 |
lululemon athletica
LULU
|
+$13.8M |
| 2 |
Bruker
BRKR
|
+$9.65M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$8.37M |
| 4 |
UnitedHealth
UNH
|
+$7.64M |
| 5 |
Mercado Libre
MELI
|
+$7.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Estee Lauder
EL
|
+$3.22M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 4.22% |
| 2 | Consumer Discretionary | 3.41% |
| 3 | Consumer Staples | 2.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
UnitedHealth
UNH
$388B
| $109M | 18.88% |
+350,000
| New | +$134M |
|
|
2
CALL
Regeneron Pharmaceuticals
REGN
$69.5B
| $105M | 18.16% |
+200,000
| New | +$112M |
|
|
3
CALL
lululemon athletica
LULU
$12.7B
| $95M | 16.43% |
+400,000
| New | +$110M |
|
4
CALL
Meta Platforms (Facebook)
META
$1.53T
| $73.8M | 12.76% |
+100,000
| New | +$61.8M |
|
|
5
CALL
Estee Lauder
EL
$29B
| $40.4M | 6.99% |
+500,000
| New | +$32.2M |
|
6
CALL
JD.com
JD
$40.7B
| $32.6M | 5.64% |
+1,000,000
| New | +$34.1M |
|
7
CALL
Alibaba
BABA
$271B
| $28.4M | 4.9% |
+250,000
| New | +$29.6M |
|
8
CALL
ASML
ASML
$686B
| $20M | 3.46% |
+25,000
| New | +$17.9M |
|
9
CALL
VF Corp
VFC
$6.51B
| $17.6M | 3.05% |
+1,500,000
| New | +$18.6M |
|
|
10
Estee Lauder
EL
$29B
| $12.1M | 2.1% |
150,000
-50,000
| -25% | -$3.22M |
|
|
11
lululemon athletica
LULU
$12.7B
| $11.9M | 2.05% |
+50,000
| New | +$13.8M |
|
|
12
Bruker
BRKR
$9.5B
| $10.3M | 1.78% |
+250,000
| New | +$9.65M |
|
|
13
Regeneron Pharmaceuticals
REGN
$69.5B
| $7.88M | 1.36% |
+15,000
| New | +$8.37M |
|
|
14
Mercado Libre
MELI
$91.7B
| $7.84M | 1.36% |
+3,000
| New | +$7.01M |
|
|
15
UnitedHealth
UNH
$388B
| $6.24M | 1.08% |
+20,000
| New | +$7.64M |
|
|
16
PUT
Alibaba
BABA
$271B
| – | – |
-200,000
| Closed | -$26.4M |
|
17
PUT
Baidu
BIDU
$36.3B
| – | – |
-100,000
| Closed | -$9.2M |
|
|
18
PUT
JD.com
JD
$40.7B
| – | – |
-400,000
| Closed | -$16.4M |
|
19
PUT
NVIDIA
NVDA
$5.02T
| – | – |
-900,000
| Closed | -$97.5M |
|
20
PUT
Pinduoduo
PDD
$118B
| – | – |
-200,000
| Closed | -$23.7M |
|
21
PUT
Trip.com Group
TCOM
$27.5B
| – | – |
-200,000
| Closed | -$12.7M |
|
Similar funds
Scion Asset Management's Q2 2025 Portfolio in Review
As of Q2 2025, Scion Asset Management held 21 positions worth $578M, up 190% from $199M the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Scion Asset Management deployed $407M of net new capital in Q2 2025, opening 14 new positions. Its largest new stake was lululemon athletica: 50,000 shares worth $11.9M.
By sector, the portfolio is most concentrated in Healthcare at 4.2% of assets, up from 0% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
On the sell side, the largest reduction was Estee Lauder, an estimated $3.22M trimmed.
- Scion Asset Management's largest Q2 2025 buy was lululemon athletica: 50,000 shares worth $11.9M.
- Scion Asset Management's biggest Q2 2025 reduction was Estee Lauder, cutting an estimated $3.22M.
- Scion Asset Management's ten largest holdings make up 92% of its $578M portfolio in Q2 2025.
- Scion Asset Management opened 14 new positions and closed 6 in Q2 2025.
- Scion Asset Management's portfolio value rose 190% quarter-over-quarter to $578M.
Based on Scion Asset Management's 13F filing for Q2 2025, filed 14 Aug 2025.