13F filing recap · Q1 2024

What did Scion Asset Management buy in Q1 2024?

Reported stock-position changes between this filing and the previous one.

Stock value

$103.49M

Positions

Estimated turnover

105.9%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Scion Asset Management opened new positions in Sprott Physical Gold Trust, The Cigna Group, BP, First Solar, and Baidu. It exited Alphabet, Amazon, Big Lots, Booking Holdings, Bruker, CVS Health, Gen Restaurant Group, MGM Resorts, Mettler-Toledo, Nexstar Media Group, Oracle, Qurate Retail, Toast, and Warner Bros. Discovery. The firm substantially added to JD.com, Alibaba, Block, Vital Energy, and Safe Bulkers, while dramatically increasing its stake in The RealReal.

New positions

PHYSSprott Physical Gold Trust$7.62Mreported value+440.7K shares CIThe Cigna Group$7.26Mreported value+20.0K shares BPBp Plc$6.59Mreported value+175.0K shares FSLRFirst Solar, Inc.$5.06Mreported value+30.0K shares BIDU

Increased positions

JDJd.com, Inc.$9.86Mreported value+160.0K shares+80.0%BABAAlibaba Group Holding Limited$9.04Mreported value+50.0K shares+66.7%HCAHCA Healthcare, Inc.$8.34Mreported value+5.0K shares+25.0%CCitigroup Inc$7.91Mreported value+25.0K shares

Exited positions

ORCLOracle Corporation$5.27Mprior reported value-50.0K shares-100.0%CVSCVS Health Corp$5.13Mprior reported value-65.0K shares-100.0%NXSTNexstar Media Group, Inc.$5.09Mprior reported value-32.5K shares-100.0%GOOGLAlphabet Inc.$4.89Mprior reported value-35.0K shares