SCION ASSET MANAGEMENT, LLC
SARATOGA CA
Investment Advisor
Hedge Fund
Scion Asset Management is based out of Saratoga and is run by Dr. Michael J. Burry. Scion Asset Management is a hedge fund with 4 clients and discretionary assets under management (AUM) of $196,206,549 (Form ADV from 2024-03-28). Their last reported 13F filing for Q4 2024 included $77,435,131 in managed 13F securities
and a top 10 holdings concentration of 93.67%. Scion Asset Management's largest holding is Alibaba Group Holding Ltd with shares held of 150,000. Whalewisdom has at least 30 13F filings, and 7 13D filings
Investment Strategy
The Master and Value Funds seek long-term capital appreciation and will invest, primarily, in equity, debt, and derivative instruments globally. Scion may cause its Clients to take either “long” or “short” positions, as opportunities warrant, and may apply both long-term and short-term strategies in individual securities. Scion will consider and invest in opportunities of any type that Scion considers attractive in the circumstances, employing strategies such as equities, special situations, bonds, derivatives, macroeconomics, and activism.
Scion plans to pursue Clients’ investment objectives primarily through fundamental research in pursuit of undervalued and/or misunderstood investment situations in the global theater. This research may take into account technical, macroeconomic, and other tactical approaches. Investment in individual equities based on Scion’s fundamental, value-oriented analysis will often be a principal emphasis. Scion may use both traditional and proprietary analysis and techniques to identify attractive short selling opportunities, largely for securities that Scion believes are overvalued.
Owners
- SCION ASSET PARTNERS, L.P. - MANAGING MEMBER
- BURRY, MICHAEL, JAMES - CHIEF EXECUTIVE OFFICER
- JILLSON, JONATHAN, BRIAN - CHIEF COMPLIANCE OFFICER
- SERRA, GEORGE, SILVIO - CHIEF OPERATING OFFICER/CHIEF FINANCIAL OFFICER
- HALLAM, JONATHAN, REED - CHIEF ADMINISTRATIVE OFFICER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| EL Estee Lauder Cos., I | 9.68% |
| PDD PDD Holdings Inc | 9.39% |
| HCA HCA Healthcare Inc | 5.81% |
| BRKR Bruker Corp | 5.68% |
| VFC VF Corp. | 5.54% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| JD JD.com Inc (PUT) | 15.41% |
| BABA Alibaba Group Holdin (PUT) | 13.81% |
| FOUR Shift4 Payments, Inc | 10.24% |
| BIDU Baidu Inc (PUT) | 6.76% |
| JD JD.com Inc | 1.98% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| BABA Alibaba Group Holdin | 16.42% |
| BIDU Baidu Inc | 13.61% |
| JD JD.com Inc | 13.43% |
| EL Estee Lauder Cos., I | 9.68% |
| MOH Molina Healthcare In | 9.4% |
2024-12-31
13F Activity
| Market Value | $77.4m, Prior: $130m |
| Inflows (Outflows) as % of Total MV | (-20.1606)% |
| New Purchases | 8 stocks |
| Added To | 1 stocks |
| Sold out of | 6 stocks |
| Reduced holdings in | 3 stocks |
| Top 10 Holdings % | 93.67% |
| Turnover %[1] | 73.68% |
| Turnover Alt %[2] | 45.4% |
| Time Held Top 20 | 1.4615 quarters |
| Time Held Top 10 | 1.4 quarters |
| Time Held All | 1.92 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-12-31
13F Sector Allocation Over Time
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2024-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31