Scion Asset Management, LLC
What you'd have made by mirroring Scion Asset Management, LLC's public 13F filings, starting with $10,000 on Feb 16, 2016 and rebalancing at every disclosure through May 31, 2026.
Equity curve
$10,000 mirrored · vs QQQRisk profile
Weekly mirror returns vs QQQ · rf ≈ 4%Drawdown
Underwater curve — distance below running peakLargest drawdown: -55.4% from 2019-12-10 to 2020-03-17 · recovered 2020-12-08.
Style decomposition
R² 18% · 537 weekly obsMultivariate regression of weekly mirror excess return on five style factors built from the benchmark ETFs: SPY (market), IWM−SPY (size), QQQ−SPY (growth), EFA−SPY (international), AGG−SPY (bonds). The intercept is the “true alpha” after stripping these passive tilts. ✓ marks loadings whose |t-stat| ≥ 2 (≈ 95% confidence the loading is non-zero).
Rolling 1y alpha
Trailing 52w mirror return − QQQ returnWhether the headline alpha was earned recently or decades ago. Bands above the zero line are quarters where the mirror beat QQQ on a trailing-year basis; bands below are quarters where it lost ground. A flat positive line = steady outperformance; a curve that crosses often = regime-dependent strategy.
Realized P&L · closed trades
Cumulative profit from positions opened and later soldBiggest closed trades
| Issuer | Entry | Exit | Held | Return | P&L |
|---|---|---|---|---|---|
THE REALREAL INC REAL | Q2 2023 | Q1 2025 | 7Q | +515% | +$4.44B |
WESTERN ALLIANCE BANCORP WAL | Q2 2023 | Q3 2023 | 1Q | +67% | +$2.98B |
SIBANYE STILLWATER LTD SBSW | Q2 2023 | Q3 2023 | 1Q | -20% | −$1.32B |
NOV INC NOV | Q2 2023 | Q3 2023 | 1Q | +38% | +$1.01B |
WELLS FARGO CO NEW WFC | Q2 2023 | Q3 2023 | 1Q | +14% | +$640.21M |
SKYWEST INC SKYW | Q1 2023 | Q2 2023 | 1Q | +30% | +$611.78M |
HUNTINGTON BANCSHARES INC HBAN | Q2 2023 | Q3 2023 | 1Q | +24% | +$500.36M |
COTERRA ENERGY INC CTRA | Q2 2023 | Q3 2023 | 1Q | +10% | +$378.9M |
COHERENT CORP COHR | Q1 2023 | Q3 2023 | 2Q | +7% | +$376.83M |
OVINTIV INC OVV | Q2 2023 | Q3 2023 | 1Q | +45% | +$363.18M |