However, he has re-established a stake in the company as shares plunged, now owning around 3.05% of the company with approximately 3 million shares. This conclusion led him to short the market by persuading Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as vulnerable. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. $48 Million Michael Burry Portfolio / Scion Asset Management, LLC Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. Charlie Munger - Daily Journal Corp. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. Nevertheless, it is Dr. Burrys legendary plays prior to the Great Financial Crisis, and the massive returns that followed that pushed his name into the international spotlight. Greenhaven Associates Updated 10 Jan 2023. Data is sourced from 13D/13G, 13F, and N-Q filings. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Point72 Asset Management . He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. This page was last edited on 1 February 2023, at 20:47 (UTC). The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. , Scion Asset Management is headquartered in Saratoga, California. He became famous when he was played by Christian Bale in the blockbuster movie 'The Big Short' based on the best selling book by author Michael Lewis.Dr. Steven Cohen's: Point72 Asset Management. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Chase Coleman's: Tiger Global Management. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. What's Michael Burry Been Buying Lately? - TipRanks.com Saratoga, CA 95070. Keep reading this article to learn more about Scion Asset Management. [29] During the second quarter of 2021, he has reported to hold puts on almost 31 million dollars on the ARKK ETF innovation index managed by Ark Invest. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. DATAROMA Superinvestors Portfolio Holdings Will His AI Plans Be Any Different? In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Which securities does your firm trade for itself that it will also be recommending to me? Here's how we make money. SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 As of 7th November 2022, Scion Asset Managements top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. What does this mean and why is this important? Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades Please declare your traffic by updating your user agent to include company specific information. 408-441-8400 Stocks and cryptocurrency portfolio tracker. 'Big Short' Michael Burry Invested Twice in Bed Bath & Beyond Stock Latest Holdings, Performance, AUM (from 13F, 13D). We know that he's recently bought big on Geo Group (), despite its less-than-stellar performance of late.However, his other picks might surprise you. Scion Asset Management LLC - Company Profile and News Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Stocks with a size of more than $10 billion in market cap make up How does your firm mitigate them? How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? For more information, contact opendata@sec.gov. 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla Questions to ask This makes their stake in Geo total 2,019,150 shares worth $15.5 million. As of 7th November 2022, Scion Asset Management's top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. Questions to ask "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. I was damned sure I was going to pay it off.. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Dr. Michael Burry Long Gamestop: Sends Letter to Board It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. Saratoga, CA 95070. Scion Asset Management Review 2023 | investor.com The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Michael Burry's Scion Asset Management Buys 5 Stocks in the - Yahoo! Why Didn't the Fed? Common Stock (US:US19247G1076) Geo dropped approximately 0.1% in the past year. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. Red rows indicate closed positions. Figure 1:What to Know About Michael "Big Short" Burry's Latest Stock Purchase, Read also: GameStop Stock: What the SEC Says About Direct Registration. What does this mean? The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet 0001567619-21-015632. Scion Asset Management, the firm of "The Big Short" investor Michael Burry, disclosed this week that during the fourth quarter of 2019, it closed its holding in Bed Bath & Beyond Inc. (NASDAQ:BBBY . Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. The majority of the companies in the funds portfolio are large-cap stocks. , '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. For example, front-running is when a financial professional buys or sell securities ahead of their client. Eventually Burry closed his fund and retired. Portfolio manager(s) are listed as Michael Burry. The Scion Asset Management office and employees reside in Saratoga, California. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. The Scion Asset Management chief's grim prediction may be coming true, as the S&P 500 and Nasdaq indexes tumbled by 19% and 33% respectively in 2022. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. The companys vast portfolio of products includes optical and electro-optical components and materials, fiber lasers, infrared optical components, and high-precision optical assemblies, amongst others. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. Does your firm, or anyone associated with the firm, practice as a law firm? Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. More than 90% of the beds are located in the US. See how we calculate 13F filing performance here, Scion Asset Management / Michael Burry holdings now, Scion Asset Managements Fund Manager, Michael Burry, Scion Asset Managements Investment Philosophy & Strategy, Scion Asset Managements Noteworthy Portfolio Changes, Scion Asset Managements Portfolio All 9 Public Equity Investments, 20 Highest Yielding Monthly Dividend Stocks, Liberty Latin America Ltd Class C (LILAK). See the articles below for analysis on other major investment firms/asset managers/gurus: If you are interested in finding more high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful: The major domestic stock market indices are another solid resource for finding investment ideas. Burry, whose successful bet against subprime mortgages were famously chronicled in the 2015 film The Big Short, delivered the dire forecast as the Supreme Court hears arguments this week on whether President Biden has the authority to cancel student debt. Visit Site, Is this your firm? With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com's Trust Score algorithm or review process. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Oils $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Burry predicted Tesla stock would collapse like the housing bubble,[27] saying that "my last Big Short got bigger and Bigger and BIGGER" and taunted Tesla bulls to 'enjoy it while it lasts. [17] He subsequently liquidated his company to focus on his personal investments. Precisely because he doesnt focus on a specific industry and because the essence of financial metrics shifts by industry and each companys place in the economic cycle, Dr. Burry utilizes the ratio of enterprise value (EV) to EBITDA when researching investment ideas. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Wolverine World Wide, Inc. (US:WWW) IAPD - Investment Adviser Public Disclosure - Homepage Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. While partners may pay to provide offers or be featured, e.g. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. [9], Despite not practicing, Burry has kept his license as a physician active with the Medical Board of California, including continuing education requirements.[10][11]. Does your firm offer mutual funds that have 12b-1 fees? The portfolio is made up of a total of 102 facilities, including 82,000 beds. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. * Reported Price is the price of the security as of the portfolio date. . Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Louis Bacon's: Moore Capital Management. Participation in the Certification program, including the payment of an annual fee to investor.com, does not guarantee or in any way bias investor.com's decision to award "Trusted by investor.com" status, and "Trusted by investor.com" status shall not constitute or be construed as an endorsement of any firm by investor.com. Thanks for supporting the Wall Street Memes). Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. Operating as an online business, this site may be compensated through third party advertisers. Note: 13F filing performance is different than fund performance. Portfolio value: $46M+ Period: 2022 Q4. MGM Resorts International (US:MGM) [17], In an April 3, 2010 op-ed for The New York Times, Burry argued that anyone who studied the financial markets carefully in 2003, 2004 and 2005 could have recognized the growing risk in the subprime markets. and This website is provided as is without any representations or warranties, express or implied. EDGAR Filing Documents for 0001567619-21-010281 - SEC Apply for Trusted badge. When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. There are currently 6 companies in Mr. Burry's portfolio. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Scion Asset Management, LLC Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) Top 10 Stocks Held By Scion Asset Management LLC Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. While many fund managers and successful investors such as Cathie Wood are talking about their ideas several times a week in the news, Burry is more quiet. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Here you can find the latest trades based on Burry's 13F filings and insider trades. In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a felony. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. These companies are located in Dover DE, Madison WI, and Saratoga CA. Relative to the previous quarter there was a little reshuffling of his holdings. On this Wikipedia the language links are at the top of the page across from the article title. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com The advisory also believes in using fundamental analysis methods to assess . Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). EXHIBIT C. July 28, 2019. He then left to start his own hedge fund. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Burry predicted, "Fed will cut and government will stimulate. SCION ASSET MANAGEMENT, LLC | LinkedIn 223.17% 10-Year Performance. U.S Market Open - Market Closes in 49M 55S. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Fintel is a registered trademark. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. Portfolio 9 Options 0 Performance. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. See how we calculate 13F filing performance here. That would put the U.S. in a recession under "any definition.". Should I Hire a Financial Advisor or DIY It? Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Description. [9] While off duty at night, he worked on his hobby: financial investing. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. He looks for investments in undervalued companies with strong long-term prospects. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. It charges an asset-based management fee that can be as high as 2% per year, while it may also take up to 20% of the value of the appreciation from each clients account. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their clients. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Follow Tweet. The Company serves clients in the United States. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Scion's new purchases consist of . Written by investor.com. Follow Tweet. , The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Scion Asset Management Holdings Heatmap . SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. The following positions are based on the last Q1 2021 13F filing as of 3-31-2021, with his top 10 holdings making up 91.57% of his portfolio. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. Will any of my assets be invested in those products? WRITE REVIEW. How do these benefits affect the firms selection of a broker-dealer partner? He is best known for being amongst the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. Michael Burry . 347 Followers. A regulatory agency other than the SEC or CFTC has previously found the firm or an advisory affiliate responsible for having an investment-related business have its authorization to do business denied, suspended, or revoked. Portfolio manager(s) are listed as Michael Burry. What does this mean? What does this mean and why is it important? Click the link icon to see the full transaction history. Interestingly enough, when Dr. Burry had to pay for the credit default swaps, he experienced an investor revolt, as some investors in his fund feared his prophecy was inaccurate, requesting to withdraw their funds. Common Stock (US:US19247G1076) Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. Ultimately, Burrys analysis proved right. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. [6], According to his website, Burry liquidated his credit default swap short positions by April 2008 and did not benefit from the bailouts of 2008 and 2009. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Why has Burry, who is bearish on the . For instance, research has shown that mutual funds that use incentive fees take on more risk than funds that do not, and tend to double down and increase their risk following a poor performance. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. You can download an Excel spreadsheet with metrics that matter of Scion Asset Managements current 13F equity holdings below: Click here to instantly download your free spreadsheet of all Scion Asset Management / Michael Burry holdings now, along with important investing metrics. What does this mean and why is it important? This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). This relationship may introduce bias where a firm or related person recommends certain securities with which they are affiliated, rather than others that may have higher returns. His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. approximately 0.1% of the total holdings value. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. Scion Asset Management 13F annual report. Please send any feedback, corrections, or questions to support@suredividend.com. What conflicts arise from this relationship? Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. *SEC data last verified February 17, 2023. The Scion Asset Management founder studied at UCLA and earned his medical degree at Vanderbilt University before starting and eventually abandoning a residency at Stanford University Medical Center. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Verition Fund Management LLC increased its holdings in shares of ScION Tech Growth II (NASDAQ:SCOB - Get Rating) by 153.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 1001 and 1030). Scion Asset Management, LLC Holdings. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Cassandra B.C. (@michaeljburry) / Twitter | Investormint", "EDGAR Filing Documents for 0001567619-19-004198", The Big Shorts Michael Burry Sees a Bubble in Passive Investing, "Michael Burry Portfolio / Scion Asset Management, LLC Holdings", "Michael Burry tweet, Dec. 1, 2020 (Internet Archive)", "Michael Burry of 'The Big Short' reveals a $530 million bet against Tesla", "Michael Burry of 'Big Short' Bets Against Cathie Wood's ARKK", "Author Michael Lewis on Wall Street's Delusion", "Legendary Investor Leaves Twitter, Lists 8 Metal Bands in Bio", "Where 'The Big Short's Michael Burry Is Today", "Michael Burry: Subprime Short-Seller No. : 000000000 | State of Incorp. This form was filed on 2023-02-14 for the reporting period 2022-12-31. [4] As a teenager, he attended Santa Teresa High School. Currently, their heaviest sector is Real Estate making up 53.2% of Checks take place monthly. All requests for updated information should also be reported directly to the SEC and/or FINRA. When? The Scion Asset Management founder studied at UCLA and earned his medical degree at Vanderbilt University before starting and eventually abandoning a residency at Stanford University . And JD.com is in a similar situation, being 57% below its peak in February 2021. Scion Asset Management also says it works to provide clients with a diverse mix of portfolio opportunities it believes will increase their chances of investment success. He has 25 years of experience as a finance and accounting executive, having served major private and public real estate firms as chief accounting officer, chief financial officer and senior vice president of strategic initiatives. These conflicts can negatively impact clients via hidden fees and overall higher costs. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. This value is significant in that it is the last known price at which the security was still held. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. The firm's website is not secure by modern internet standards.
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