Scion Asset Management, LLC
The contrarian of 'The Big Short' fame, running concentrated, often-hedged bets at Scion.
Sector Allocation
- Healthcare54.4%$37.1M
- Consumer Discretionary26.1%$17.8M
- Financials19.5%$13.3M
AUM History
13fpro.ai/research/fund/scion-asset-management-llc-1649339
Largest positions — Q3 2025
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/scion-asset-management-llc-1649339
Scion Asset Management, LLC 13F holdings — Q3 2025
$1.4B portfolio (+138.8% QoQ) · 8 holdings · Q3 2025 13F · top 10 are 100% of the stock portfolio
Includes $1.3B of put/call options ($1.1B puts, $214.4M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $68.1M. Weights use the stock portfolio.
$23.9M
35.1% of stocks
NewThis quarter+7.0%Since Q-endNew this quarterHeld$17.8M
26.1% of stocks
+100%This quarter-42.2%Since Q-end2 qtrsHeld$13.3M
19.5% of stocks
NewThis quarter-29.1%Since Q-endNew this quarterHeld$13.1M
19.3% of stocks
-81%This quarter+79.2%Since Q-end2 qtrsHeld- NewThis quarter—Since Q-endNew this quarterHeld
$186.6M
NewThis quarter—Since Q-endNew this quarterHeld$152.9M
NewThis quarter—Since Q-endNew this quarterHeld$61.5M
NewThis quarter—Since Q-endNew this quarterHeld
| # | Company | Value | Weight | This quarter | Since Q-end | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $23.9M | 35.1% | New | +7.0% | New this quarter | 53.8#1,374 | Estimated buy price is Pro: unlock with a free trial | ||
| 2 | $17.8M | 26.1% | +100% | -42.2% | 2 qtrsAdded 2 qtrs in a row | 62.8#669 | Estimated buy price is Pro: unlock with a free trial | ||
| 3 | $13.3M | 19.5% | New | -29.1% | New this quarter | 47.9#1,768 | Estimated buy price is Pro: unlock with a free trial | ||
| 4 | $13.1M | 19.3% | -81% | +79.2% | 2 qtrs | 49.8#1,655 | Estimated buy price is Pro: unlock with a free trial | ||
| 5 | $912.1M | — | New | — | New this quarter | — | — | ||
| 6 | $186.6M | — | New | — | New this quarter | — | — | ||
| 7 | $152.9M | — | New | — | New this quarter | — | — | ||
| 8 | $61.5M | — | New | — | New this quarter | — | — |
What changed in Q3 2025
Against the previous quarter's 13F: 6 new, 1 added to, 1 trimmed, 13 sold out. Share-count changes; largest moves by dollar size first.
New positions (6)
$PLTRPUTPalantir Technologies Inc.$912.1M
first bought this quarter
$NVDAPUTNVIDIA CORP$186.6M
first bought this quarter
$PFECALLPFIZER INC$152.9M
first bought this quarter
$HALCALLHALLIBURTON CO$61.5M
first bought this quarter
$MOHMOLINA HEALTHCARE, INC.$23.9M
first bought this quarter
$SLMSLM Corp$13.3M
first bought this quarter
Added to (1)
$LULUlululemon athletica inc.+100%
now $17.8M · held 2 qtrs, 2 adds in a row
Trimmed (1)
$BRKRBRUKER CORP-81%
now $13.1M · held 2 qtrs
Holdings by quarter
Every 13F Scion Asset Management, LLC has filed, 31 earlier quarters. Pick one to see what it held then.
Is it too late to follow Scion Asset Management?
Holdings as of Sep 30, 2025 (SEC filing). Prices are closing prices as of Oct 26, 2026.
Average quality of Scion Asset Management's top 20 holdings: 54/100 (our AI quality score, weighted by position size; 4 of the 20 are scored)
Top 10 since quarter-end
+1.1%
Value-weighted move of the 10 largest stock positions
Turnover
74%
Last quarter; 138% over the last 4
Top 10 weight
100%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 4 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Scion Asset Management, LLC disclosed 8 positions worth $1.4B in its Form 13F-HR for Q3 2025 — $68.1M in common stock plus $1.3B of put/call option positions (reported at underlying notional value, not premium at risk), led by $MOH (MOLINA HEALTHCARE, INC.) at 35.1% of the equity portfolio, followed by $LULU and $SLM. During the quarter the fund opened 6 new positions and exited 13 — including a new stake in $PLTR and a full exit from $UNH. The portfolio is most concentrated in Healthcare (54.4% of disclosed assets). All figures are sourced directly from Scion Asset Management, LLC’s Form 13F-HR filing with the SEC under CIK 1649339.
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AI-Powered Hedge Fund Analysis: Scion Asset Management, LLC
13F Pro is an AI hedge fund tracker and stock research platform. For Scion Asset Management, LLC (SEC CIK: 1649339), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Scion Asset Management, LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.