approximately 0.1% of the total holdings value. What does this mean and why is it important? He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Relative to the previous quarter there was a little reshuffling of his holdings. What does this mean? Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. It is now the funds third-largest holding, accounting for 12.8% of its holdings. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. For more information, please see the SECs Web Site Privacy and Security Policy. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. 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. Reference ID: 0.35841402.1677949840.1dcfc4e. 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. Firm's/Financial Professional's investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. See the Top Performing Hedge-Funds > Michael Burry . Stocks and cryptocurrency portfolio tracker. The latest quarterly filing from Scion Asset ManagementMichael Burry's firmshows no bearish bets against the electric-vehicle giant Tesla The loss of a notable bear appears to be giving . Questions to ask 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. So is Burry less bearish on the U.S. economy than he was last year? Here's how we make money. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. As a result, the company will soon be able to self-fund its growth and overall operations. The stock is now traded at around $14.430000. 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. Our Methodology. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. $48.3 Million Total portoflio value. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. This could be detrimental to a client during down markets. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. *SEC data last verified February 17, 2023. 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. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Here's what investors need to know about Michael Burry's long positions. 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". But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. What does this mean? Scion Asset Management 13F annual report. Burry predicted, "Fed will cut and government will stimulate. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. What does this mean and why is it important? Burry's Scion Asset Management said in a regulatory filing in mid-May it had put options on 800,100 Tesla shares as of the end of the first quarter. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. Written by investor.com. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. 340.42% 1Y 3Y 5Y 10Y. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. I cover the recent 13F filings and the logic behind Michael Burry's po. Portfolio manager(s) are listed as Michael Burry. SEC Form 13F Filing History. The holding were 650,000 shares as of 2021-03-31. 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Scion Asset Management Holdings Heatmap . Bruce Berkowitz's: Fairholme Capital Management. 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. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Scion Asset Management. What does this mean? 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 . Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. T. Black Knight offers blended software, data, and analytics solutions all over the globe. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Regulatory disclosures state that firm sells proprietary investments and products. Upgrade to unlock premium data and export to Excel . , The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. in 2008. Click the link icon to see the full transaction history. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Red rows indicate closed positions. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. 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. And we will have another inflation spike. The Scion Asset Management office and employees reside in Saratoga, California. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which documented the history and events leading up to his contrarian but hugely successful bet against the real estate market in 2008. What happened? Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. And we could be headed for another recession. 340.15% 5-Year Performance. Why doesnt your firm use a secure website? Scion employs over 1,750 team members and has over $9 billion of assets under . This form was filed on 2023-02-14 for the reporting period 2022-12-31. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. In fact, Dr. Burry had showcased such great stock-picking skills that he drew the interest of companies such as Vanguard, White Mountains Insurance Group, and renowned investors such as Joel Greenblatt. 347 Followers. What does this mean? 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. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. (Disclaimers: this is not investment advice. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. The total portfolio value may be much higher due to cash Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. It's not hard.". This means they effectively own 0.6% of the company. ", "Why Is Michael Burry Investing In Water? On February 14, Michael Burry filed his company's holdings report with the SEC. The fund has around $291.7 million in assets under management (AUM), $41.3 million of which is allocated to the firms public equity portfolio. How do we make money? Portfolio manager(s) are listed as Michael Burry. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. This means they effectively own 0.6% of the company. Scion's current portfolio consists of nearly 82,000 beds of student accommodations in 126 communities, serving 76 college and university markets across 33 U.S. states. Questions to ask are based in the United States. What does this mean and why is it important? Michael Burry is an American investor, and hedge fund manager. What does this mean? Does your firm offer mutual funds that have 12b-1 fees? CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Burry's Scion Asset Management bought 2,355 put contracts against the red-hot tech ETF during the second quarter and held them through the end of the period. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Link to 13F filings: SEC filings. In addition, the fund holds 5,000,000 shares of Qurate Retail Inc worth $10.1 million, whose value fell approximately 0.1% in the past six months. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. And it is notwater is political, and litigious. Designer and entrepreneur Melody Ehsani takes us on a journey from her early days working retail, to designing her first shoes and jewelry lines, to collaborating with Red Hot Chili Peppers and Jordan brand before taking on a bespoke role at Foot Locker. Changes can be due to trades or changes in share prices. Profitability has also been weak. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. That would put the U.S. in a recession under "any definition.". 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. Scion Asset Management, LLC's top holdings are . His analysis resulted in him shorting the market by convincing Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as weak. Point72 Asset Management . However, Dr. Burry has a much broader track record in the investing world. That said, the company has navigated these challenges quite competently, which, combined with its deep-value characteristics, explained why Dr. Burry has bet heavily on The GEO Group. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. 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. Description. 1-Year Performance. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Heejin Kim and Myungshin Cho (29 August 2019). It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. What does this mean and why is it important? Louis Bacon's: Moore Capital Management. Firm can legally elect to accept commissions for their investment advisory services. 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. , Scion Asset Management Q4 '22 Top Holdings (Author Spreadsheet 13F Data) Largely unrelated to one's personal attitude or opinion of Michael Burry, there are few 13F's in the industry that are more . Questions to ask Burry followed up his warning by detailing his own experience with student debt. What does this mean? FINRA data last verified February 17, 2023. 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? In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. 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. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Currently tracking portfolios of 77 superinvestors. Visit Site, Is this your firm? Common Stock (US:US19247G1076) It is now the funds second-largest holding, accounting for 18.3% of its holdings. What does this mean and why is it important? All requests for updated information should also be reported directly to the SEC and/or FINRA. Top 50 Scion Asset Management Holdings . The portfolio is made up of a total of 102 facilities, including 82,000 beds. The average market cap of the portfolio companies is close to $2.02 billion. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Researcher and operations manager at DM Martins Research. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. How do these benefits affect the firms selection of a broker-dealer partner? $41.4 million and $41.2 million respectively. What does this mean? Burry was born and grew up in San Jose, California. 408-441-8400 Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Does your firm perform side-by-side management? 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. Scion Asset Management LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. Checks take place monthly. 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 best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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. has disclosed 9 total holdings in their latest SEC filings. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Burry has a strictly traditional understanding of value. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. We reserve the right to block IP addresses that submit excessive requests. What percentage of income does your firm receive from fees versus commissions? Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? The firm may also use leverage and derivative strategies to increase the rate of client success. If you require advice in relation to any financial matter you should consult an appropriate professional. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. These companies are located in Dover DE, Madison WI, and Saratoga CA. Our partners compensate us through paid advertising. Is your firm a broker-dealer or are you affiliated with one? the total portfolio value. Michael Burry is likely betting on the stocks valuation levels normalizing as we advance, which sounds like a reasonable investment case given Alibabas excellent financials. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Questions to ask 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. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. By the end of 2004, he was managing $600 million and turning money away. By Steve Burns. 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. [13], In 2005, Burry started to focus on the subprime market. 20665 4th Street, Suite 201. While this can be seen as "eating your own cooking," there are conflicts that may arise. He has said, "Fresh, clean water cannot be taken for granted. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Which securities does your firm trade for itself that it will also be recommending to me? 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. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. Firm or related person receives soft-dollar benefits in connection with client securities transactions. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. * Reported Price is the price of the security as of the portfolio date. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site.
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