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Funds (13F)

Scion Asset Management, LLC

Backtest from 19 Feb 2016 to 13 Feb 2026 · weekly · hypothetical

Watch this strategy
Return a year
+26.3%
S&P 500 +15.4%
Last 12 months
+30.0%
S&P 500 +14.8%
Sharpe ratio
0.52
S&P 500 0.80
Biggest drop
−74.7%
S&P 500 −31.8%
$10.0k$20.0k$40.0k$80.0k 201620182020202220242026 $103k$41.9k
Scion Asset Management, LLCS&P 500 $10,000 in Scion Asset Management, LLC from 19 Feb 2016 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Scion Asset Management, LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Scion Asset Management, LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+26.3%+15.4%
Total return+930%+319%
Last 12 months+30.0%+14.8%
Last 3 months−2.7%—
Last month−18.7%—
This year so far−15.9%—
Volatility a year84.0%16.9%
Sharpe ratio0.520.80
Biggest drop−74.7%−31.8%
Beta to the S&P 5000.691.00
Alpha a year (t-statistic)+34.4% (1.30)—
Share of weeks up54%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
MOH43.5%——
LULU32.4%——
SLM24.2%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest19 Feb 2016 to 13 Feb 2026+26.3%+15.4%0.520.80−74.7%0.69+34.4% (1.30)
2018 onwards5 Jan 2018 to 13 Feb 2026+29.0%+13.7%0.540.64−74.7%0.67+42.3% (1.30)
Last three years17 Feb 2023 to 13 Feb 2026+20.9%+20.4%0.631.03−20.9%1.15+1.5% (0.10)
Last year14 Feb 2025 to 13 Feb 2026+21.5%+13.2%0.640.57−20.9%0.83+12.4% (0.43)
DateCompanyAction
7 Nov 2025SLMBought
7 Nov 2025MOHBought
15 Aug 2025UNHBought
15 Aug 2025REGNBought
15 Aug 2025MELIBought
15 Aug 2025LULUBought
15 Aug 2025BRKRBought
21 Feb 2025VFCBought
21 Feb 2025PDDBought
21 Feb 2025OSCRBought
21 Feb 2025MAGNBought
21 Feb 2025HCABought
21 Feb 2025ELBought
21 Feb 2025BRKRBought
16 Aug 2024MOHBought
16 Aug 2024FOURBought
17 May 2024FSLRBought
17 May 2024CIBought
17 May 2024BIDUBought
23 Feb 2024XYZBought
23 Feb 2024TOSTBought
23 Feb 2024SBLKBought
23 Feb 2024REALBought
23 Feb 2024ORCLBought
23 Feb 2024NXSTBought

Dated at the rebalance that made the change.

DateCompanyAction
7 Nov 2025UNHSold
7 Nov 2025REGNSold
7 Nov 2025MELISold
7 Nov 2025ELSold
7 Nov 2025BRKRSold
16 May 2025VFCSold
16 May 2025PDDSold
16 May 2025OSCRSold
16 May 2025MOHSold
16 May 2025MAGNSold
16 May 2025JDSold
16 May 2025HCASold
16 May 2025BRKRSold
16 May 2025BIDUSold
16 May 2025BABASold
16 May 2025ACICSold
21 Feb 2025REALSold
21 Feb 2025FOURSold
16 Aug 2024XYZSold
16 Aug 2024SBLKSold
16 Aug 2024HCASold
16 Aug 2024FSLRSold
16 Aug 2024CISold
16 Aug 2024CSold
16 Aug 2024AAPSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest