Scion Asset Management, LLC

Hedge Fund • Multi-Strategy

Scion Asset Management, LLC is a Multi-Strategy Hedge Fund based in Saratoga, CA led by Michael James Burry, reporting $154.9M in AUM as of Q3 2025 with 44% Healthcare concentration, with only 3 positions, and 43% allocation to MOH.

CEOMichael James Burry

Portfolio Value: $55.0M
Positions: 3
Top Holding: MOH at 43.49%
Last Reported: Q3 2025

Address20665 4th Street, Suite 201, Saratoga, CA, 95070, United States

Top Holdings

Largest long holdings in Scion Asset Management, LLC's portfolio (100% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Molina Healthcare MOH	Medical - Healthcare Plans Healthcare	$23.9M	43.49%	+$23.9M Bought	0.23% 125.0K shares	Q3 2025 Held for 2 months
2 lululemon athletica LULU	Apparel - Retail Consumer Cyclical	$17.8M	32.35%	+$8.9M Bought	0.08% 100.0K shares	Q2 2025 Held for 5 months
3 SLM SLM	Financial - Credit Services Financial Services	$13.3M	24.16%	+$13.3M New	0.23% 480.1K shares	Q3 2025 Held for 2 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Scion Asset Management, LLC's latest filing

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Market Value

$55.0M

Prior: $56.3M

Q/Q Change

-2.23%

-$1.3M

Net Flows % of MV

-40.35%

Turnover Ratio

82.25%

New Purchases

1 stocks

$13.3M

Added To

1 stocks

+$8.9M

Sold Out Of

5 stocks

$44.4M

Reduced Holdings

0 stocks

Increased Positions

Position	Shares Δ	Change
1 SLM SLM	New	0 → 480.1K +$13.3M
2 lululemon athletica LULU	+100.0%	50.0K → 100.0K +$8.9M

Decreased Positions

Position	Shares Δ	Change
1 Estee Lauder Companies Inc. EL	Sold	150.0K → 0 −$12.1M
2 Bruker BRKR	Sold	250.0K → 0 −$10.3M
3 Regeneron Pharmaceuticals REGN	Sold	15.0K → 0 −$7.9M
4 Mercado Libre MELI	Sold	3.0K → 0 −$7.8M
5 UnitedHealth Group UNH	Sold	20.0K → 0 −$6.2M