$107 Million is the total value of Scion Asset Management's 21 reported holdings in Q1 2023. The portfolio turnover from Q4 2022 to Q1 2023 was 244.4% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| JD | Buy | JD.COM INCspon adr cl a | $10,972,500 | +160.6% | 250,000 | +233.3% | 10.26% | +13.4% |
| BABA | Buy | ALIBABA GROUP HLDG LTDsponsored ads | $10,218,000 | +132.0% | 100,000 | +100.0% | 9.56% | +1.0% |
| SIG | New | SIGNET JEWELERS LIMITED | $9,722,500 | – | 125,000 | +100.0% | 9.09% | – |
| NYCB | New | NEW YORK CMNTY BANCORP INC | $7,684,000 | – | 850,000 | +100.0% | 7.19% | – |
| ZM | New | ZOOM VIDEO COMMUNICATIONS INcl a | $7,384,000 | – | 100,000 | +100.0% | 6.90% | – |
| COF | New | CAPITAL ONE FINL CORP | $7,212,000 | – | 75,000 | +100.0% | 6.74% | – |
| SBSW | New | SIBANYE STILLWATER LTDsponsored adr | $6,656,000 | – | 800,000 | +100.0% | 6.22% | – |
| LILAK | New | LIBERTY LATIN AMERICA LTD | $6,608,000 | – | 800,000 | +100.0% | 6.18% | – |
| CI | New | THE CIGNA GROUP | $6,388,250 | – | 25,000 | +100.0% | 5.97% | – |
| Sell | COHERENT CORP | $4,760,000 | -9.6% | 125,000 | -16.7% | 4.45% | -60.7% | |
| WFC | New | WELLS FARGO CO NEW | $4,672,500 | – | 125,000 | +100.0% | 4.37% | – |
| WAL | New | WESTERN ALLIANCE BANCORP | $4,442,500 | – | 125,000 | +100.0% | 4.15% | – |
| COG | New | COTERRA ENERGY INC | $3,681,000 | – | 150,000 | +100.0% | 3.44% | – |
| GEO | Sell | GEO GROUP INC NEW | $3,156,000 | -72.9% | 400,000 | -62.4% | 2.95% | -88.2% |
| NOV | New | NOV INC | $2,657,925 | – | 143,594 | +100.0% | 2.49% | – |
| DVN | New | DEVON ENERGY CORP NEW | $2,444,362 | – | 48,298 | +100.0% | 2.29% | – |
| PACW | New | PACWEST BANCORP DEL | $2,432,500 | – | 250,000 | +100.0% | 2.28% | – |
| FRC | New | FIRST REP BK SAN FRANCISCO C | $2,098,500 | – | 150,000 | +100.0% | 1.96% | – |
| HBAN | New | HUNTINGTON BANCSHARES INC | $2,070,880 | – | 184,900 | +100.0% | 1.94% | – |
| REAL | New | THE REALREAL INC | $862,397 | – | 684,442 | +100.0% | 0.81% | – |
| OVV | New | OVINTIV INC | $811,800 | – | 22,500 | +100.0% | 0.76% | – |
| SKYW | Exit | SKYWEST INC | $0 | – | -125,000 | -100.0% | -4.44% | – |
| QRTEA | Exit | QURATE RETAIL INC | $0 | – | -1,500,000 | -100.0% | -5.25% | – |
| MGM | Exit | MGM RESORTS INTERNATIONAL | $0 | – | -100,000 | -100.0% | -7.20% | – |
| WWW | Exit | WOLVERINE WORLD WIDE INC | $0 | – | -356,101 | -100.0% | -8.36% | – |
| BKI | Exit | BLACK KNIGHT INC | $0 | – | -150,000 | -100.0% | -19.90% | – |
Other managers
Other managers that, in addition to the filing manager(s), that filed the EDGAR filing(s):
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-05-15
About Scion Asset Management
Scion Asset Management is a hedge fund founded by Dr. Michael Burry in 2000. Dr. Burry is a well-known investor who gained fame for his successful bet against the US housing market in the mid-2000s, which was chronicled in the book and movie "The Big Short". Scion Asset Management is based in Cupertino, California, and manages around $300 million in assets.
Dr. Burry serves as the Chief Investment Officer of Scion Asset Management and is responsible for the fund's investment strategy. He is known for his contrarian approach to investing and his ability to identify undervalued companies. The fund's portfolio is concentrated in a few key positions, with a focus on the technology and healthcare sectors.
In addition to Dr. Burry, Scion Asset Management has a team of experienced investment professionals, including COO Richard Porter and CFO David Lee. The team's expertise in financial analysis and risk management has helped the fund deliver strong returns for its investors.
While Scion Asset Management is a relatively small hedge fund, it has gained a reputation for its successful investments and its unique investment approach. Investors who are interested in a contrarian investment strategy may want to consider Scion Asset Management as part of their portfolio. However, as with any investment, it is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| GEO GROUP INC NEW | 8 | Q1 2023 | 100.0% |
| TAILORED BRANDS INC | 7 | Q1 2020 | 21.2% |
| GAMESTOP CORP NEW | 7 | Q3 2020 | 27.8% |
| SPORTSMANS WHSE HLDGS INC | 6 | Q1 2022 | 14.1% |
| CORECIVIC INC | 6 | Q3 2022 | 15.5% |
| ALPHABET INC | 5 | Q4 2019 | 32.9% |
| META PLATFORMS INC | 5 | Q1 2022 | 11.7% |
| WESTERN DIGITAL CORP. | 5 | Q4 2020 | 12.7% |
| ALPHABET INC | 4 | Q2 2021 | 35.9% |
| HCA HOLDINGS INC | 4 | Q3 2016 | 21.4% |
View Scion Asset Management's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| TAILORED BRANDS INC | May 07, 2020 | 1,700,000 | 3.5% |
| GameStop Corp. | May 06, 2020 | 2,801,929 | 4.3% |
View Scion Asset Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2023-05-15 |
| 13F-HR | 2023-02-14 |
| 13F-HR | 2022-11-14 |
| 13F-HR | 2022-08-15 |
| 13F-HR | 2022-05-16 |
| 13F-HR | 2022-02-14 |
| 13F-HR | 2021-11-15 |
| 13F-HR | 2021-08-16 |
| 13F-HR | 2021-05-17 |
| 13F-HR | 2021-02-16 |
View Scion Asset Management's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.