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Scion Asset Management, LLC

CIK:0001649339
Hedge Fund
$2B AUM
15 holdings
Saratoga, CA, United States
Founded:2013
5 employees
Latest filing:Sep 30, 2025

Scion Asset Management, LLC is an investment management firm headquartered in Saratoga, CA. Founded by Dr. Michael J. Burry in 2013, the firm is best known for its value-oriented strategy and contrarian investing, most notably during the U.S. housing crisis as depicted in 'The Big Short.' Scion Asset Management manages investments primarily for institutional clients and high-net-worth individuals. As a registered investment adviser, Scion files regular 13F reports with the SEC.

Investment Strategy

Scion Asset Management, LLC is primarily known for its fundamental, value-oriented investment approach, often taking contrarian positions in distressed or undervalued securities. The firm uses deep fundamental research and economic analysis to identify mispriced assets, frequently investing in special situation equities, out-of-favor sectors, or markets with significant inefficiencies. Scion Asset Management's founder, Michael Burry, is known for long-term capital appreciation with a focus on margin of safety, and the firm may also use options and other derivatives to hedge or enhance its investment themes.

Latest 13F Filing Activity

Scion Asset Management, LLC filed their most recent 13F report on Sep 30, 2025 disclosing 3 equity positions and 4 options positions with a total 13F market value of $1B. The fund increased holdings in Molina Healthcare Inc., SLM Corp., Lululemon Athletica Inc.. Scion Asset Management, LLC reduced exposure to Lululemon Athletica Inc., SLM Corp., Molina Healthcare Inc..

Top Buys
M
MOHMOLINA HEALTHCARE INC
+$23.9M
S
SLMSLM CORP
+$13.3M
L
LULULULULEMON ATHLETICA INC
+$5.9M
Top Sells
M
MOHMOLINA HEALTHCARE INC
+$23.9M
S
SLMSLM CORP
+$13.3M
L
LULULULULEMON ATHLETICA INC
+$5.9M

Top Holdings

M
MOHMOLINA HEALTHCARE INC
+1.7%$23.9M
L
LULULULULEMON ATHLETICA INC
+1.3%$17.8M
S
SLMSLM CORP
+1.0%$13.3M

Equity Positions (3)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
MOLINA HEALTHCARE INC1.73%$23.9M125,000$191.36$191.36+$23.9M
LULULEMON ATHLETICA INC1.29%$17.8M100,000$207.76$177.93+$5.9M
SLM CORP0.96%$13.3M480,054$27.68$27.68+$13.3M

Options Positions (4)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
PALANTIR TECHNOLOGIES INCNew
Put
$912.1M50,000$182.42$182.42+50,000+$912.1M
NVIDIA CORPORATIONNew
Put
$186.6M10,000$186.58
PFIZER INCNew
Call
$152.9M60,000$25.48$25.48+60,000+$152.9M
HALLIBURTON CONew
Call
$61.5M25,000$24.60$24.60+25,000+$61.5M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+66.0%
SEMICONDUCTORS & RELATED DEVICES
+13.5%
PHARMACEUTICAL PREPARATIONS
+11.1%
OIL & GAS FIELD SERVICES, NEC
+4.5%
HOSPITAL & MEDICAL SERVICE PLANS
+1.7%