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 $154,933,555 (Form ADV from 2025-03-28). Their last reported 13F filing for Q1 2025 included $199,225,000 in managed 13F securities
and a top 10 holdings concentration of 100.0%. Scion Asset Management's largest holding is NVIDIA Corp with shares held of 900,000. Whalewisdom has at least 31 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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2025-03-31
Top Buys (13F)
| Name | % Change |
|---|---|
| NVDA NVIDIA Corp (PUT) | 48.96% |
| BABA Alibaba Group Holdin (PUT) | 13.27% |
| PDD PDD Holdings Inc (PUT) | 11.88% |
| JD JD.com Inc (PUT) | 8.26% |
| TCOM Trip.com Group Ltd (PUT) | 6.38% |
2025-03-31
Top Sells (13F)
| Name | % Change |
|---|---|
| BABA Alibaba Group Holdin | 16.42% |
| BIDU Baidu Inc | 13.61% |
| JD JD.com Inc | 13.43% |
| MOH Molina Healthcare In | 9.4% |
| PDD PDD Holdings Inc | 9.39% |
2025-03-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| NVDA NVIDIA Corp(PUT) | 48.96% |
| BABA Alibaba Group Holdin(PUT) | 13.27% |
| PDD PDD Holdings Inc(PUT) | 11.88% |
| JD JD.com Inc(PUT) | 8.26% |
| EL Estee Lauder Cos., I | 6.63% |
Please note that the Investment Manager is reporting long put option positions on this Form 13F in the manner prescribed by Special Instruction 10 and FAQs 41 44 (i.e., gross long put options reported in terms of the securities underlying the options). As such, the reported value in this Form 13F is different from the actual value of such unexercised long put options as reflected in the Investment Manager's books and records, which may serve to hedge long positions which are not eligible to be reported by Rule 13f-1(c) [17 CFR 240.13f-1(c)]
2025-03-31
13F Activity
| Market Value | $199m, Prior: $77.4m |
| Inflows (Outflows) as % of Total MV | +6.3701% |
| New Purchases | 6 stocks |
| Added To | 1 stocks |
| Sold out of | 12 stocks |
| Reduced holdings in | 0 stocks |
| Top 10 Holdings % | 100% |
| Turnover %[1] | 94.74% |
| Turnover Alt %[2] | 35.1% |
| Time Held Top 20 | 0.1429 quarters |
| Time Held Top 10 | 0.1429 quarters |
| Time Held All | 1 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.
2025-03-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2025-03-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31