---
name: Copy Scion Asset Management
kind: hedgecopy-fund
cik: 0001649339
latest_13f_period: 2025-09-30
latest_13f_filed: 2025-11-03
author: HedgeCopy
---

# Copy Scion Asset Management (13F follow-the-filing)

Scion Asset Management files a 13F-HR with the SEC each quarter (CIK 0001649339). This skill describes a
long-only copy portfolio built from that filing, bought the trading day after it is filed.

## Track record (estimated from 13F holdings, net of 10 bps per unit of turnover)
- Annualised return copying the filings, last 3 years (headline): n/a vs SPY +22.9% (alpha n/a/yr)
- Annualised since the series started (2021-02-19 to 2026-10-09): +20.6% vs SPY +14.5%
- Follow-the-filing TTM: n/a vs SPY +16.2% (alpha n/a)
- Quarters of history: 20; average coverage 90%; flags: hard_to_copy, stale

## Latest disclosed top holdings (2025-09-30)
| # | Ticker | Issuer | Weight |
|---|---|---|---|
| 1 | MOH | MOLINA HEALTHCARE INC | 35.1% |
| 2 | LULU | LULULEMON ATHLETICA INC | 26.1% |
| 3 | SLM | SLM CORP | 19.5% |
| 4 | — | BRUKER CORP | 19.3% |

## About the fund

Scion Asset Management is an investment firm founded by Michael Burry, known for his role in the 2008 subprime mortgage crisis. The firm focuses on fundamental, value-oriented research to identify global investment opportunities across various asset classes. As of late 2025, the firm transitioned away from managing outside capital and deregistered as an RIA.

- Strategy: Value-oriented, fundamental, and macro-based investing
- Type: Long/short equity
- Founders: Michael J. Burry
- Key people: Michael J. Burry (Chief Executive Officer)
- Founded 2013 · HQ Saratoga, United States
- Reported AUM: $155m (as of March 2025)
- Website: http://www.scionasset.com

### Approach
The firm pursues long-term capital appreciation primarily through fundamental research to identify undervalued or misunderstood investment situations globally. This approach incorporates technical, macroeconomic, and tactical analysis. The firm has the flexibility to take long or short positions and invest in a wide variety of instruments, including equities, debt, and derivatives.

### History
Michael Burry originally founded Scion Capital in 2000, which gained fame for its successful bets against the subprime mortgage market before closing in 2008. In 2013, Burry reopened the firm as Scion Asset Management to manage personal investments. In November 2025, it was reported that the firm was deregistered as an RIA and would no longer run a fund for outside investors.

### Notable positions / campaigns
- GameStop (2019): Acquired a major stake and urged the company to buy back shares, setting the stage for the short squeeze.
- Tesla (2021): Acquired put options on Tesla shares.
- S&P 500 and Nasdaq-100 ETFs (2023): Acquired put options to bet against ETFs tracking the S&P 500 and Nasdaq-100.

_Profile generated 2026-10-09 from public sources; may be incomplete or out of date._

## Rules
- Hold the top 20 long US-equity positions from the latest 13F-HR, weighted as reported.
- Rebalance on the first trading day after each new 13F-HR is filed. Cash only, paper only.

## Parameters
```json
{
  "params": {
    "funds": [
      "0001649339"
    ],
    "top_n": 20,
    "weighting": "13f",
    "rebalance": "filing_plus_1",
    "budget_usd": 10000,
    "stop_loss_pct": null,
    "cash_only": true
  }
}
```

> Estimated from 13F holdings (long US equities only; no shorts, options, cash or fees). Past performance is not a guide to the future. Not investment advice. Paper trading only.