Why doesnt your firm use a secure website? This value is significant in that it is the last known price at which the security was still held. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. It would appear that Burry is betting that China will rebound. What does this mean and why is it important? *SEC data last verified February 17, 2023. What does this mean? 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. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Michael Burry does see a recession coming, but that hasn't stopped himrather his hedge fund Scion Asset Managementfrom stocking up on some positions likely to be hit hard by a downturn. 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). SEC Form 13F Filing History. The portfolio's exposure to China is also thought-provoking. Back on April 10, 2020, Michael Burry, who gained fame as a major character in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME) disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME's outstanding shares. Black Knight Inc (US:BKI) : DE | Fiscal Year End: 1231. Scion Asset Management - Michael Burry - Insider Monkey As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . Hedge Fund and Insider Trading News: Michael Burry, Bridgewater 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 . As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. and In total, Scion Asset Management manages $291.7 million in assets. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). More than 90% of the beds are located in the US. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Qualified participating firms must abide by investor.com Certification program's terms and conditions when utilizing an awarded "Trusted by investor.com" badge, as well as in connection with permitted enhancements to the firm's investor.com profile page. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. [30], Burry is married, with children, and was living in Saratoga, California in 2010. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Scion has $638,901,404 assets under management (AUM). $48 Million Michael Burry Portfolio / Scion Asset Management, LLC Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Wolverine World Wide, Inc. (US:WWW) Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Here you can find the latest trades based on Burry's 13F filings and insider trades. Michael Burry Stock Portfolio 2023 - Scion Asset Management Holdings 13F 223.17% 10-Year Performance. The firm's website is not secure by modern internet standards. [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. Some of the largest purchases done by Scion Asset Management are follows: Ace Ltd; The hedge fund owns about 50000 shares of ACE Ltd, which reflects about 7.89% of their portfolio. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. 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. The portfolio is made up of a total of 102 facilities, including 82,000 beds. What does this mean? Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. 347 Followers. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. The investment fund's only holding now is The . Note: 13F filing performance is different than fund performance. U.S Market Open - Market Closes in 49M 55S. Does your firm perform side-by-side management? Will any of my assets be invested in those products? 1001 and 1030). The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Scion Announces Addition of 20,000 Beds to its Portfolio of Student [4] As a teenager, he attended Santa Teresa High School. Does your fim accept soft-dollar benefits? Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. Why has Burry, who is bearish on the . 0001567619-21-010281.txt. 2021-08-16. Bill Ackman's: Pershing Square Capital Management. Charlie Munger - Daily Journal Corp. The average market cap of the portfolio companies is close to $2.02 billion. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). The investment fund also strengthened its position in Geo by buying Questions to ask He also believes that he expects growth in the consumer price index (CPI) to come down and be possibly negative in the second half of 2023. Questions to ask Firm or an affiliate actively engages in business as a law firm or lawyer. Scion's new purchases consist of . 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Burry followed up his warning by detailing his own experience with student debt. What does this mean? Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Burry even ended up selling 99% of his positions in 2022, including Alphabet (GOOGL) - Get Free Report, Warner Bros Discovery (WBD) - Get Free Report, and Meta (META) - Get Free Report, leaving only his position in GEO Group. In this episode, we hear how she became a sponge for product design, figured out how to make accessible yet high-end jewelry, and how she even relocated to China for the better part of a year to personally see to her brand's manufacturing. Eventually Burry closed his fund and retired. 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. This website is provided as is without any representations or warranties, express or implied. The Scion Asset Management office and employees reside in Saratoga, California. Average metrics of all companies in portfolio . Our system has identified the following conflict alerts. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. By the end of 2004, he was managing $600 million and turning money away. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. 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. Scion Asset Management's public equity portfolio is heavily concentrated. Scion Asset Management, LLC's top holdings are 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. Scion Asset Management Review - MagnifyMoney "[20], Glimpses were offered into Scion's portfolio with 13Fs filed from the 4th quarter of 2015 through the 3rd quarter of 2016, as required by the SEC when fund holdings top $100 million. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. The advisory also believes in using fundamental analysis methods to assess . [14][15][16], During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. 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? Click the link icon to see the full transaction history. [13], In 2005, Burry started to focus on the subprime market. All rights reserved. We have concerns regarding capital management at . The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha 20665 4th Street, Suite 201. Scion Asset Management, LLC Portfolio Never miss a trade. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Based in Saratoga, Calif., Scion has just six employees, two of whom . On February 14, Michael Burry filed his company's holdings report with the SEC. Michael Burry Portfolio and News | GuruFocus [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. They manage Scion Capital returned 489.34% (net of fees and expenses) between November 1, 2000 and June 2008 compared to 3% total return from S&P 500 during the same time frame. [9] While off duty at night, he worked on his hobby: financial investing. Scion Asset Management, LLC Michael Burry reveals new stock bets after previously dumping entire The firm prefers to employ long/short, market neutral, and activist strategies. For example, front-running is when a financial professional buys or sell securities ahead of their client. When he was younger, he noticed that it took him a lot of energy to look people in the eye, and said, "If I am looking at you, that's the one time I know I won't be listening to you". By Steve Burns. Scion Asset Management Fund Performance History & Annualized Return The firm's asset exposure includes equities, derivatives, and fixed income instruments. The GEO Group is a specialty REIT that owns, operates, and manages correctional, detention, and reentry facilities in the US, UK, South Africa, and Australia. 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. The Scion Group is the largest owner/operator of off-campus student housing communities globally. 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. 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. The fund only has four clients. 2015-2023 Fintel Ventures LLC. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. This arrangement creates a conflict where the firm and its representatives may be incentivized to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. Top 50 Scion Asset Management Holdings . Written by investor.com. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. , Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. While this can be seen as "eating your own cooking," there are conflicts that may arise. In his words: All my stock picking is 100% based on the concept of a margin of safety.. You wont receive financial advice or any financial planning services as an individual investor, and you can only invest in the available funds that the firm oversees. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. 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. It is now the funds third-largest holding, accounting for 12.8% of its holdings. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. What does this mean? 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. Reference ID: 0.35841402.1677949840.1dcfc4e. 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. Data is sourced from 13D/13G, 13F, and N-Q filings. SCION ASSET MANAGEMENT, LLC: CHIEF EXECUTIVE OFFICER: direct: 2013-03-01: CLARKE BENNITT MANAGEMENT, LP: PRINCIPLE OWNER: indirect: 2005-02-01: 2006-01-20: BURRY, ANH-THI: TRUSTEE THE BURRY 2003 REVOCABLE TRUST: 05/01/2003: Indirect Other: Fund Name Position direct/indirect start date end date; SCION ASSET MANAGEMENT, LLC: 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 misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Dr. Burry Qurate Retail Inc makes up Scion Asset Management Investor Profile: Portfolio & Exits | PitchBook Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. However, Dr. Burry has a much broader track record in the investing world. What does this mean? [9][31][6], He is a fan of heavy metal music, including bands such as Obituary, Lamb of God, Amon Amarth, Slipknot, King Diamond and Pantera. What does this mean and why is this important? For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. For further detail, see our articles on different types of advisors and financial advisor services. All requests for updated information should also be reported directly to the SEC and/or FINRA. Scion Asset Management feels strongly about Neophotonics Corp and that is the reason they have added about 300000 shares of the firm to their fund. 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 is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. The investing legend was one of the first people to recognize the massive risk in the pre-2007 sub-prime real estate market the then unknown money manager bet over $1 billion that sub-prime would implode. This page was last edited on 1 February 2023, at 20:47 (UTC). . Questions to ask 10/2021 4/18/2022 5:06:55 PM SCION ASSET MANAGEMENT, LLC SCION ASSET MANAGEMENT, LLC (2) If you are using this Form ADV to register more than one investment adviser under an umbrella registration , check this box . If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. Changes can be due to trades or changes in share prices. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. Read through our introductory course to financial advisors. Visit Site, Is this your firm? Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt, Burry tweeted Wednesday. 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). Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). The Company serves clients in the United States. He has said, "Fresh, clean water cannot be taken for granted. He looks for investments in undervalued companies with strong long-term prospects. Heejin Kim and Myungshin Cho (29 August 2019). 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. T. Black Knight offers blended software, data, and analytics solutions all over the globe. To illustrate how successful Dr. Burrys picks were from the origins of Scion Asset Management to the Great Financial Crisis, the hedge fund recorded returns of 489.34% (net of fees and expenses) between its inception in November 2000 to June 2008. 'Big Short' Michael Burry Invested Twice in Bed Bath & Beyond Stock
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