Scion Asset Management 13F annual report
Scion Asset Management is an investment fund managing more than $52.5 billion ran by Michael Burry. There are currently 10 companies in Mr. Burry’s portfolio. The largest investments include Alibaba Group Hldg Ltd and Shift4 Pmts Inc, together worth $18.5 billion.
$52.5 billion Assets Under Management (AUM)
As of 7th August 2024, Scion Asset Management’s top holding is 155,000 shares of Alibaba Group Hldg Ltd currently worth over $11.2 billion and making up 21.3% of the portfolio value.
In addition, the fund holds 100,000 shares of Shift4 Pmts Inc worth $7.34 billion.
The third-largest holding is Molina Healthcare Inc worth $7.29 billion and the next is Baidu Inc worth $6.49 billion, with 75,000 shares owned.
Currently, Scion Asset Management's portfolio is worth at least $52.5 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Scion Asset Management
The Scion Asset Management office and employees reside in Saratoga, California. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management.
Recent trades
In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in
Shift4 Pmts Inc and bought 100,000 shares worth $7.34 billion.
The investment fund also strengthened its position in Alibaba Group Hldg Ltd by buying
30,000 additional shares.
This makes their stake in Alibaba Group Hldg Ltd total 155,000 shares worth $11.2 billion.
On the other hand, there are companies that Scion Asset Management is getting rid of from its portfolio.
Scion Asset Management closed its position in HCA Healthcare Inc on 14th August 2024.
It sold the previously owned 25,000 shares for $8.34 billion.
Michael Burry also disclosed a decreased stake in JD.com Inc by 0.3%.
This leaves the value of the investment at $6.46 billion and 250,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Scion Asset Management are Atlas Advisors and Intrepid Family Office. They manage $52.4 billion and $52.5 billion respectively.
Michael Burry investment strategy
Scion Asset Management’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Health Care — making up 15.5% of
the total portfolio value.
The fund focuses on investments in the China as
20.0% of the portfolio companies
are based in the China.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
30% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $38.5 billion.
The complete list of Scion Asset Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Alibaba Group Hldg Ltd |
24.00%
155,000
|
$11,160,000,000 | 21.26% |
| HCA Healthcare Inc |
Closed
25,000
|
$8,338,250,000 | |
| Citigroup Inc |
Closed
125,000
|
$7,905,000,000 | |
| Block Inc |
Closed
90,000
|
$7,612,200,000 | |
| Shift4 Pmts Inc |
Opened
100,000
|
$7,335,000,000 | 13.97% |
| Molina Healthcare Inc |
Opened
24,530
|
$7,292,769,000 | 13.89% |
| Cigna Group (The) |
Closed
20,000
|
$7,263,800,000 | |
| Advance Auto Parts Inc |
Closed
85,000
|
$7,232,650,000 | |
| BP plc |
Closed
175,000
|
$6,594,000,000 | |
| Vital Energy Inc |
Closed
125,000
|
$6,567,500,000 | |
| Baidu Inc |
87.50%
75,000
|
$6,486,000,000 | 12.36% |
| JD.com Inc |
30.56%
250,000
|
$6,460,000,000 | 12.31% |
| Star Bulk Carriers Corp |
Closed
250,000
|
$5,967,500,000 | |
| Hudson Pac Pptys Inc |
Opened
1,144,435
|
$5,504,732,000 | 10.49% |
| First Solar Inc |
Closed
30,000
|
$5,064,000,000 | |
| The Realreal Inc |
29.21%
1,000,000
|
$3,190,000,000 | 6.08% |
| American Coastal Ins Corp |
No change
251,892
|
$2,657,461,000 | 5.06% |
| Safe Bulkers, Inc |
Closed
400,000
|
$1,984,000,000 | |
| Olaplex Hldgs Inc |
Opened
995,250
|
$1,532,685,000 | 2.92% |
| BioAtla, Inc. |
Opened
633,959
|
$868,524,000 | 1.65% |
| No transactions found | |||
| Showing first 500 out of 20 holdings | |||
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