Scion Asset Management, LLC
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.
Top Holdings
Equity Positions (6)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
E EL | LAUDER ESTEE COS INC | 2.10% | $12.1M | 150,000 | $70.49 | $80.80 | -$1.1M |
L LULU | LULULEMON ATHLETICA INC | 2.05% | $11.9M | 50,000 | $237.58 | $237.58 | +$11.9M |
B BRKR | BRUKER CORP | 1.78% | $10.3M | 250,000 | $41.20 | $41.20 | +$10.3M |
R REGN | REGENERON PHARMACEUTICALS | 1.36% | $7.9M | 15,000 | $525.00 | $525.00 | +$7.9M |
M MELI | MERCADOLIBRE INC | 1.36% | $7.8M | 3,000 | $2613.63 | $2613.63 | +$7.8M |
Options Positions (9)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
U UNH | UNITEDHEALTH GROUP INC | New | Call | $109.2M | 3,500 | $311.97 | $311.97 | +3,500 | +$109.2M |
R REGN | REGENERON PHARMACEUTICALS | New | Call | $105.0M | 2,000 | $525.00 | $525.00 | +2,000 | +$105.0M |
L LULU | LULULEMON ATHLETICA INC | New | Call | $95.0M | 4,000 | $237.58 | $237.58 | +4,000 | +$95.0M |
M META | META PLATFORMS INC | New | Call | $73.8M | 1,000 | $738.09 | $738.09 | +1,000 | +$73.8M |
E EL | LAUDER ESTEE COS INC | New | Call | $40.4M | 5,000 | $80.80 | $80.80 | +5,000 | +$40.4M |