$48.3 Million Total portoflio value. [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. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. He only looks for their undervalued elements, regardless of their sector and class. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Black Knight Inc (US:BKI) Currently tracking portfolios of 77 superinvestors. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Fintel is a registered trademark. Burry's trade that made him a legend was when he used derivatives to bet on a real estate market crash in 2008 which made him . Scion Asset Management, LLC operates as an investment firm. Apply for Trusted badge. 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. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Firm can legally elect to accept commissions for their investment advisory services. Any data inaccuracies, please contact our team. Alibaba is down 71% from its October 2020 peak. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. 2021-08-16. The companys operating segments include Active Group, Work Group, and Lifestyle Group, which individually focus anywhere from casual footwear and apparel to industrial work boots and apparel. , 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. Scion Asset Management General Information. 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. EXHIBIT C. July 28, 2019. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. See how we calculate 13F filing performance here. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Questions to ask The firm's asset exposure includes equities, derivatives, and fixed income instruments. Questions to ask "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. 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. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. Common Stock (US:US19247G1076) Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Published on February 27th, 2023 by Nikolaos Sismanis. While this can be seen as "eating your own cooking," there are conflicts that may arise. 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. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. . [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. He quickly earned extraordinary profits for his investors. [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. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. 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. Note: We do not offer technical support for developing or debugging scripted downloading processes. Based in Saratoga, Calif., Scion has just six employees, two of whom . The concept of Value Investing can sum up Michael Burrys whole investment philosophy. [21] In August 2019, Bloomberg News quoted an email from Burry where he said there was a bubble in large US company stocks due to the popularity of passive investing, which "has orphaned smaller value-type securities globally". The firm may also use leverage and derivative strategies to increase the rate of client success. Unlike HTTPS connections, HTTP connections are not encrypted. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. What does this mean? : 000000000 | State of Incorp. These partnerships do not influence editorial content. Read through our introductory course to financial advisors. Michael Burry . Does your firm, or anyone associated with the firm, practice as a law firm? Updated 05 Jan 2023. "Here's the story of one of the heroes of 'The Big Short', "The True Story Behind The Big Short - Real Michael Burry", The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History, "Mercury News Interview: Hedge fund manager saw subprime meltdown coming", "These Doctors Mean Business," Whitney, Kathy, Medicine (Vanderbilt School of Medicine), Summer 2014, "Learning From Dr. Michael Burry's Investment Philosophy", "Michael Burry Profiled: Bloomberg Risk Takers", "I Saw the Crisis Coming. Charlie Munger - Daily Journal Corp. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). 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. Scion Asset Management's public equity portfolio is heavily concentrated. Grapevine, TX 76051. Our system found no disciplinary alerts. David Einhorn's: Greenlight Capital. This could be detrimental to a client during down markets. Top 50 Scion Asset Management Holdings . 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. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. SkyWest, Inc. (US:SKYW) Follow Tweet. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. For more information, contact opendata@sec.gov. Questions to ask 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. SCION ASSET MANAGEMENT, LLC. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. 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. 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. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Investment adviser firms registered with the SEC may be required to provide to state securities authorities a copy of their Form ADV and any accompanying amendments filed with the SEC. 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 Scion was up 55%. He has said, "Fresh, clean water cannot be taken for granted. February 17, 2023. The average market cap of the portfolio companies is close to $2.02 billion. They manage Data is sourced from 13D/13G, 13F, and N-Q filings. What does this mean? Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Wolverine World Wide, Inc. (US:WWW) Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-12-31. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. He has warned a severe recession on several occasions over the last year. Saratoga, CA 95070. 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 . ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. Bloomberg via Getty Images. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. The portfolio is made up of a total of 102 facilities, including 82,000 beds. He then left to start his own hedge fund. 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). The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. Chase Coleman's: Tiger Global Management. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which ", "Why Is Michael Burry Investing In Water? Questions to ask "[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. 223.17% 10-Year Performance. A good way to understand Burry's thinking and Scion Asset Management's . The portfolio's exposure to China is also thought-provoking. Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. I was damned sure I was going to pay it off.. Ultimately, Burrys analysis proved right. According to the latest 13F filing from famed investor Michael J. Burry's Scion Asset Management, the hedge fund has added seven new stocks to its portfolio. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. After more than two years, on February 14, 2019, Scion Asset Management filed another 13F, showing Burry to hold numerous large-cap stocks and $103,528,000 13F assets under management, just above the threshold for filing. 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. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Scion Asset Management Holdings Heatmap . . And it is notwater is political, and litigious. Alibaba Group Holding Limited ADR (US:BABA) Others say the plan is too costly and burdensome on taxpayers. 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. What does this mean and why is it important? To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. 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 . 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. [17] He subsequently liquidated his company to focus on his personal investments. Description. Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. Michael Burry is an American investor, and hedge fund manager. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. Currently, their heaviest sector is Real Estate making up 53.2% of This website is provided as is without any representations or warranties, express or implied. Michael J. Burry is known by most as the Big Short investor due to the eponymous movie revolving around himself and his story during the days of the Great Financial Crisis, a role played by Christian Bale. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Burry has a strictly traditional understanding of value. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. What does this mean? 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. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. What does this mean? For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. 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. The Scion Asset Management office and employees reside in Saratoga, California. Strategies arent specified: There isnt a lot of specificity provided . While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Geo dropped approximately 0.1% in the past year. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. [18][16], In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser (ERA) active in the state of California and approved by the SEC. Our system has identified the following conflict alerts. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. The impact to a portfolio due to this purchase was 0.65%. , 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). Scion's new purchases consist of . If you require advice in relation to any financial matter you should consult an appropriate professional. Why doesnt your firm use a secure website? 12.25% 3-Year Performance. 408-441-8400 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. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Scion Asset Management, LLC's top holdings are 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. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Keep reading this article to learn more about Scion Asset Management. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. 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. On February 14, Michael Burry filed his company's holdings report with the SEC. This page shows a list of all the recent 13F filings made by 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. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. The firm prefers to employ long/short, market neutral, and activist strategies. Questions to ask He has Rusyn ancestry. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Portfolio manager(s) are listed as Michael Burry. 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. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Note: 13F filing performance is different than fund performance. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. and Stocks and cryptocurrency portfolio tracker. Scion Asset Management, LLC Holdings. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Scion Asset Management's Portfolio - All 9 Public Equity Investments. , whose value fell approximately 0.1% in the past six months. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. We reserve the right to block IP addresses that submit excessive requests. There are currently 6 companies in Mr. Burrys portfolio. In early January, he posted to his Twitter account that inflation had "peaked," but that this would not be the last peak of the cycle. Michael Burry has been on a buying spree lately. 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. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. 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 Scion Asset Management Review. And we will have another inflation spike. 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. Will His AI Plans Be Any Different? This means they effectively own 0.6% of the company. Michael Burry is head of Scion Asset Management. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. 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. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. 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. 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. Burry was born and grew up in San Jose, California. Investor.com is your trustworthy guide to the world of personal finance. 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. 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. [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]. 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 . In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. What conflicts do I need to be made aware of? Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. What does this mean? There are 3 companies that go by the name of Scion Asset Management, LLC. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Form 13F is required to be filed within 45 days of the end of a calendar quarter. Written by investor.com. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. Also, the article may contain affiliate links. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. Burry followed up his warning by detailing his own experience with student debt. How many times did it occur? Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. 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 . [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. 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. Scion Asset Management is headquartered in Saratoga, California. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. All requests for updated information should also be reported directly to the SEC and/or FINRA. Dr. Burry What does this mean? subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. 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.
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