Scion Asset Management

Q4 2020 13F · by Michael Burry, portfolio manager

As of: Dec 31, 2020
Filed: Feb 16, 2021
US stock: $140M · prev $154M
Positions: 20 · prev 20
Options notional: $85M
Documents: 1· no amendments

Picture62.3% US stock

Partial picture · of what this 13F reports is US stock

US stock listed on a US exchange 62.3%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 37.7%

Moves44 since the prior filing

+46.7 pp in · −46.7 pp out

New 9 +39.91 pp
Added 2 +6.77 pp
Trimmed 9 −0.65 pp
Exited 9 −46.04 pp

Options: 15 moves on a notional base, in the table below.

The book

Concentrated · behaves like 18 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 383% a year, about 0.3 years per position

Low
Moderate
High

Top 5 positions34% of US stock

CTL Lumen Technologies, Inc. added+2.78 pp added+2.788.0%
DNOW DNOW Inc. new+7.70 pp new+7.707.7%
RPT Rpt Realty trimmed+1.42 pp trimmed+1.426.2%
unresolved Uniti Group Inc trimmed−0.75 pp trimmed−0.756.1%
WDC Western Digital Corp. trimmed+0.02 pp trimmed+0.025.9%

Positions20 in this filing · 9 exited


CTLLumen Technologies, Inc.	8.01%	1,150,000	$11M	added+44%	+2.78 pp	2 q
DNOWDNOW Inc.	7.70%	1,500,000	$11M	new	+7.70 pp	new
RPTRpt Realty	6.18%	1,000,000	$9M	trimmed−26%	+1.42 pp	2 q
unresolvedUniti Group Inc	6.08%	725,000	$9M	trimmed−28%	−0.75 pp	3 q
WDCWestern Digital Corp.	5.94%	150,000	$8M	trimmed−40%	+0.02 pp	2 q
ALLThe Allstate Corporation	5.89%	75,000	$8M	trimmed−17%	+0.40 pp	2 q
unresolvedQurate Retail Inc	5.49%	700,000	$8M	trimmed−36%	+0.37 pp	2 q
WFCWells Fargo & Co.	5.39%	250,000	$8M	new	+5.39 pp	new
DISCADiscovery, Inc. Series A	5.38%	250,000	$8M	trimmed−50%	−1.68 pp	4 q
GEOThe GEO Group, Inc.	5.35%	845,152	$7M	new	+5.35 pp	new
DBIDesigner Brands Inc.	4.92%	900,000	$7M	trimmed−25%	+0.70 pp	3 q
TAPMolson Coors Beverage Company Class B	4.85%	150,000	$7M	new	+4.85 pp	new
CXWCoreCivic, Inc.	4.68%	1,000,000	$7M	new	+4.68 pp	new
HFCHollyfrontier Corp	4.62%	250,000	$6M	new	+4.62 pp	new
WXBUrstadt Biddle - Class A	4.29%	425,000	$6M	added×8.5	+3.99 pp	2 q
KBALKimball International	4.27%	500,000	$6M	trimmed−9%	+0.51 pp	3 q
MSGNMSG Networks Inc.	3.63%	345,000	$5M	trimmed−59%	−1.64 pp	2 q
IMKTAIngles Markets Inc	3.40%	111,415	$5M	new	+3.40 pp	new
SXCSuncoke Energy Inc	2.41%	776,177	$3M	new	+2.41 pp	new
ARCCAres Capital Corporation	1.51%	125,000	$2M	new	+1.51 pp	new
GMEGameStop Corp. Class A	—	−1,703,400	—	exited	−11.27 pp	—
METAMeta Platforms, Inc. Class A	—	−50,000	—	exited	−8.49 pp	—
CVSCvs Health Corporation	—	−150,000	—	exited	−5.68 pp	—
TCOMTrip.com Group Limited	—	−250,000	—	exited	−5.05 pp	—
QRVOQorvo, Inc.	—	−60,000	—	exited	−5.02 pp	—
MOAltria Group, Inc.	—	−200,000	—	exited	−5.01 pp	—
ROICRetail Opportunity Investments Corp.	—	−500,000	—	exited	−3.38 pp	—
PDPrecision Drilling Corporation	—	−225,000	—	exited	−1.87 pp	—
LILALiberty Latin America Ltd. Class A	—	−49,671	—	exited	−0.27 pp	—