He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt. This page was last edited on 1 February 2023, at 20:47 (UTC). If you require advice in relation to any financial matter you should consult an appropriate professional. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. 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. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. 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. What happened? 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. 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. Scion Asset Management, LLC Holdings. The stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. So while Michael Burry's hedge fund has about $46.5 million in long positions reported in its 13F, it is likely that behind this may be another "big short." Investor.com is your trustworthy guide to the world of personal finance. It's worth noting that more than a third of Scion Asset Management's portfolio is now made up of companies in the industrial sector. Top 50 Scion Asset Management Holdings . What does this mean? Firm or related person receives soft-dollar benefits in connection with client securities transactions. 18951. Burry was born and grew up in San Jose, California. 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. 340.15% 5-Year Performance. Checks take place monthly. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. , Thanks for supporting the Wall Street Memes). Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. Currently tracking portfolios of 77 superinvestors. 347 Followers. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. 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. Bill Ackman's: Pershing Square Capital Management. This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Fintel is a registered trademark. Link to 13F filings: SEC filings. How many times did it occur? Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. 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. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Charlie Munger - Daily Journal Corp. Based on his analysis of mortgage lending practices utilized in 2003 and 2004, he accurately forecasted that the real estate bubble would come tumbling by 2007. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Also, the article may contain affiliate links. 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. While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. A quarter of the portfolio is made up of consumer discretionary companies. 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. Does your firm perform side-by-side management? Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Any data inaccuracies, please contact our team. Warren Buffett's: Berkshire Hathaway. What does this mean and why is it important? compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). Following the massive triumph he experienced by successfully predicting the subprime mortgage crisis of 2007-2008, Dr. Michael Burry has grown into a living legend in the world of finance. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Address: 20665 4th Street Suite 201. I was damned sure I was going to pay it off. CUPERTINO, Calif.--(BUSINESS WIRE)--On August 16 th, Scion Asset Management sent a letter to the Board of Directors of GameStop Corp. urging the Board to direct the full execution of its March 4 . It's not hard.". Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History : DE | Fiscal Year End: 1231. He looks for investments in undervalued companies with strong long-term prospects. 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. 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. Firm recommends securities or other investment products to advisory clients in which the firm or a related person has some other proprietary (ownership) interest that isnt related to trading or holding the security or securities themselves personally. Why doesnt your firm use a secure website? Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Questions to ask 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. While this can be seen as "eating your own cooking," there are conflicts that may arise. What does this mean and why is it important? 0001567619-21-015632. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. The firm may also use leverage and derivative strategies to increase the rate of client success. The GEO Group Inc (US:GEO) What does this mean and why is it important? And JD.com is in a similar situation, being 57% below its peak in February 2021. Description. 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 . Scion Asset Management, LLC operates as an investment firm. Scion's new purchases consist of . Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Will anyone that was involved be involved with my accounts in any capacity? They manage A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. | 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. Visit Site, Is this your firm? In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. 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. . Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. [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. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. 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. Dr. Burry He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Published on February 27th, 2023 by Nikolaos Sismanis. are based in the United States. 408-441-8400 Heejin Kim and Myungshin Cho (29 August 2019). This website is provided as is without any representations or warranties, express or implied. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information documented the history and events leading up to his contrarian but hugely successful bet against the real estate market All rights reserved. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. 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. 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. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Questions to ask 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. Updated 05 Jan 2023. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Our system has identified the following conflict alerts. Follow Tweet. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. The firm's website is not secure by modern internet standards. What does this mean? What does this mean? Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. In January, Burry made predictions for an economic downturn in 2023. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. The company has been growing rapidly over the past few years while retaining compelling profitability levels. and Musk Made a Mess at Twitter. As InvestorPlace's Eddie Pan reported on Aug. 15, Burry's firm Scion Asset Management has sold all of its U.S.-listed positions except for one GEO. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. What does this mean and why is it important? Scion has $638,901,404 assets under management (AUM). U.S Market Open - Market Closes in 49M 55S. Alibaba is down 71% from its October 2020 peak. What does this mean? Burry followed up his warning by detailing his own experience with student debt. Data is sourced from 13D/13G, 13F, and N-Q filings. Scion Asset Management, LLC Portfolio Never miss a trade. And we could be headed for another recession. Why has Burry, who is bearish on the . 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. Red rows indicate closed positions. This value is significant in that it is the last known price at which the security was still held. This is a low margin business in the first place, and so despite the company posting record revenues last year, it saw a decline in earnings. The Scion Group is the largest owner/operator of off-campus student housing communities globally. What does this mean and why is this important? Quickly find out what the most recently closed or increased positions are. 0001567619-21-010281.txt. "Trusted by investor.com" status is reserved to those financial advisor firms meeting investor.com's strict requirements, beginning with earning no less than a 4.5 to 5 -star rating based on investor.com's independent Trust algorithm analysis. These conflicts can negatively impact clients via hidden fees and overall higher costs. On February 14, Michael Burry filed his company's holdings report with the SEC. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. What does this mean? Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Questions to ask The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. It is now the funds second-largest holding, accounting for 18.3% of its holdings. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Stocks and cryptocurrency portfolio tracker. Scion Asset Management, LLC's top holdings are [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. Read through our introductory course to financial advisors. Will any of my assets be invested in those products? Regulatory disclosures state that firm sells proprietary investments and products. 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 . Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. See the Top Performing Hedge-Funds > Michael Burry . Execute maintenance objectives and daily assignments with the Facilities Supervisor. Hedge funds are required to report only their long positions, not their short positions. [13], In 2005, Burry started to focus on the subprime market. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. He has Rusyn ancestry. 2015-2023 Fintel Ventures LLC. Firm performs side-by-side management with accounts that have differing fee structures. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Ray Dalio's: Bridgewater Associates. Scion Asset Management General Information. In his words: All my stock picking is 100% based on the concept of a margin of safety.. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. 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). "[12], After shutting down his website in November 2000, Burry started the hedge fund Scion Capital, funded by an inheritance and loans from his family. Please send any feedback, corrections, or questions to support@suredividend.com. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. [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. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Profitability has also been weak. These partnerships do not influence editorial content. 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). The total portfolio value may be much higher due to cash 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. We reserve the right to block IP addresses that submit excessive requests. MGM Resorts International (US:MGM) All requests for updated information should also be reported directly to the SEC and/or FINRA. Scion was up 55%. 1,517,790 additional shares. Ultimately, Burrys analysis proved right. WRITE REVIEW. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. And it is notwater is political, and litigious. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . financing, asset management, . Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. What does this mean? Questions to ask There are 3 companies that go by the name of Scion Asset Management, LLC. Lets not forget that the student debt problem is built on a foundation of terrible major choices.Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Scion Asset Management Holdings Heatmap . 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 . 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 an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. "[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. Researcher and operations manager at DM Martins Research. 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. 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. The Form 13F report requires disclosure of the manager that files the report, the name and class of the security, the CUSIP number, the number of . 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. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Portfolio value: $46M+ Period: 2022 Q4. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Competition has been eating the companys lunch for years, with Wolverine having a hard time sustaining its sales over the past decade, let alone growing them. [23], Burry initiated short position(s) on Tesla before or around early December 2020, according to a now-deleted tweet[24][25] and likely added to his short positions[26][27] after the market cap of Tesla surpassed that of Facebook. 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. What does this mean and why is this important? The third-largest holding is CoreCivic Inc worth $6.41 million and the next is Aerojet Rocketdyne Inc worth $5.3 million, with 132,561 shares owned. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. , whose value fell approximately 0.1% in the past six months. 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. 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. 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. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. 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. $48.3 Million Total portoflio value. The turnover rate is 70%. 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. 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. He had already developed a reputation as an investor by demonstrating success in value investing, which he wrote about on message boards on the stock discussion site Silicon Investor beginning in 1996. This means they effectively own 0.6% of the company. That would put the U.S. in a recession under "any definition.". Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and . Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. [17] He subsequently liquidated his company to focus on his personal investments.
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