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0 pointsnodesocket4mo ago0 comments

- In late 2020, Scion sold its entire stake in GameStop. Scion missed out of the GameStop short squeeze which occurred only a few months later. Its 5.3% stake would have been worth over $1.5 billion at its height.

- In May 2021, Scion disclosed it acquired put options on Tesla shares.

- In August 2023, it was reported Scion anticipated a stock market crash and acquired $1.6 billion worth of put options to bet against the ETFs that tracked the S&P 500 and the Nasdaq-100.

- Scion also was noted to have held a large put option against the iShares Semiconductor ETF.

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chollida14mo ago

First, I appreciate the response.

However, nothing about any of those points indicate his performance has been horrific.

All that matters are his returns against his reference index. That's the only relevant measure.

EDIT I did manage to find his returns via chatgpt and the OP is correct that they haven't been great in some periods, but his last 5 year average is +85% which isn't bad, not great, but not bad.

He is also up about 10% over the past year, so not great and not terrible, he's mid as the kids say.

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