Scion Asset Management
Scion Asset Management is a private investment firm founded and led by prominent hedge fund manager Michael Burry, who rose to fame for predicting the 2008 financial crisis. Scion Asset Management is known for its relatively concentrated portfolio and contrarian investment approach. Burry’s strategy often involves deep fundamental analysis and a willingness to take positions that might be unpopular or overlooked by other investors.
SCION CAPITAL
Burry founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments.
In 2008, he made a personal profit of $100 million and a profit for his remaining investors of more than $700 million.
In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, focusing much of his attention on investing in water, gold, and farmland.
RECENT INVESTMENTS
Alibaba Group Holding Ltd. (21%
Shift4 Payments, Inc (14%)
Molina Healthcare, Inc (14%)
Baidu, Inc. (12%)
JD.com Inc. (12%)
Hudson Pacific Properties Inc. (11%)
The RealReal, Inc. (6.1%)
American Coastal Insurance Corporation (5.1%)
Olaplex Holdings, Inc. (2.9%)
BioAtla Inc. (1.7%)
As of the second quarter of 2024