This value is significant in that it is the last known price at which the security was still held. Filing Date. 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. JD.com, Inc. (US:JD) 1-Year Performance. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. It is now the funds third-largest holding, accounting for 12.8% of its holdings. 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 makes their stake in Geo total 2,019,150 shares worth $15.5 million. As of 7th November 2022, Scion Asset Management's top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. By using this site, you are agreeing to security monitoring and auditing. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Note: We do not offer technical support for developing or debugging scripted downloading processes. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. 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. 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. The Scion Asset Management office and employees reside in Saratoga, California. Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Why has Burry, who is bearish on the . Our system has identified the following conflict alerts. These companies are located in Dover DE, Madison WI, and Saratoga CA. Visit Site, Is this your firm? In that case, interest rates would pivot and rates would be cut while the government would announce a stimulus package to help households suffering from a failing economy. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Our system found no disciplinary alerts. Address: 20665 4th Street Suite 201. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed And JD.com is in a similar situation, being 57% below its peak in February 2021. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. 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. Point72 Asset Management . 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. financing, asset management, . Does your fim accept soft-dollar benefits? Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . . Please declare your traffic by updating your user agent to include company specific information. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. This could be detrimental to a client during down markets. 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. , 223.17% 10-Year Performance. Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock 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: IAPD - Investment Adviser Public Disclosure - Homepage Scion Asset Management, LLC operates as an investment firm. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Here you can find the latest trades based on Burry's 13F filings and insider trades. 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. The Company serves clients in the United States. Scion was up 55%. He had already built a reputation as an investor at the time by exhibiting success in value investing. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Investors following the companys 13F filings over the last 3 years (from mid-February 2020 through mid-February 2023) would have generated annualized total returns of 51.4%. Top 50 Scion Asset Management Holdings . While this can be seen as "eating your own cooking," there are conflicts that may arise. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. This form was filed on 2023-02-14 for the reporting period 2022-12-31. Scion Asset Management 13F annual report (2023) | wallmine Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Michael Burry | Scion Asset Management Profile - TipRanks.com Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. David Einhorn's: Greenlight Capital. 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. Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider 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. 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? These filings are called "notice filings". What conflicts arise from this relationship? For example, front-running is when a financial professional buys or sell securities ahead of their client. 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. On this Wikipedia the language links are at the top of the page across from the article title. The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha We have concerns regarding capital management at . The average market cap of the portfolio companies is close to $2.02 billion. 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. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. 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. 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. Firm or a related person trades securities for themselves that they also recommend to their clients. Black Knight Inc (US:BKI) Alibaba Group Holding Limited ADR (US:BABA) Founded in 2018 as an unbiased resource empowering consumers to research and compare financial advisory firms, investor.com today gives consumers the tools to make smart money decisions about credit, retirement planning, and more. 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. 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. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. The portfolio is made up of a total of 102 facilities, including 82,000 beds. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. 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. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. And we will have another inflation spike. Scion Asset Management's Portfolio - All 9 Public Equity Investments. Fintel is a registered trademark. [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 Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. 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. Follow Tweet. What does this mean? Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 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. In response, Alibaba has been repurchasing stock in bulk. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. In his words: All my stock picking is 100% based on the concept of a margin of safety.. How does your firm approach insurance sales? 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. However, Dr. Burry has a much broader track record in the investing world. Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. All rights reserved. Red rows indicate closed positions. Scion Asset Management Review 2023 | investor.com Maintenance Technician Job in Minneota, MN at The Scion Group There are currently 6 companies in Mr. Burrys portfolio. 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. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. And we could be headed for another recession. Whoopi Goldberg admits 'politics got in the way' of COVID- REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, US home prices just did something they haven't done since 2012, JPMorgan Chase requires some workers give 6 months notice before quitting, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Rebel Wilson says Meghan Markle isnt as naturally warm as Prince Harry, Kristen Doute supports Ariana Madix amid mutual ex Tom Sandovals scandal, Celeb-loved jewelry brand Dorsey drops dazzling new styles, March 4, 1984: Martina Navratilova defeats Chris Evert at MSG, Tom Sandoval breaks silence on Ariana Madix split amid cheating claims, Canadian teacher with size-Z prosthetic breasts placed on paid leave. Ranked #44 out of 483 Hedge Fund Managers. 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. : 000000000 | State of Incorp. The Scion Asset Management manager revealed the purchase of seven new By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. 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. [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". To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. The portfolio's exposure to China is also thought-provoking. Quickly find out what the most recently closed or increased positions are. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. The firm may also use leverage and derivative strategies to increase the rate of client success. Michael Burry is head of Scion Asset Management. There are currently 6 companies in Mr. Burry's portfolio. Scion Asset Management LLC - Company Profile and News Chase Coleman's: Tiger Global Management. 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. He has said more than once that his investment style is built upon Benjamin Graham and David Dodds 1934 book Security Analysis: "All my stock picking is 100% based on the concept of a margin of safety. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. 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. At 06/30/2022: $3,309. Bruce Berkowitz's: Fairholme Capital Management. [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. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. has disclosed 9 total holdings in their latest SEC filings. Questions to ask According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. 1001 and 1030). SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Will any of my assets be invested in those products? A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. This means they effectively own 0.6% of the company. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Scion has $638,901,404 assets under management (AUM). Scion Announces Addition of 20,000 Beds to its Portfolio of Student documented the history and events leading up to his contrarian but hugely successful bet against the real estate market A Self-Regulatory Organization 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. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Why Didn't the Fed? What does this mean? $48 Million Michael Burry Portfolio / Scion Asset Management, LLC Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. 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 is an investment fund managing more than $41.3 million ran by Michael Burry. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Here's how we make money. Charlie Munger - Daily Journal Corp. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Burry followed up his warning by detailing his own experience with student debt. $41.4 million and $41.2 million respectively. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Upgrade to unlock premium data and export to Excel . 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. , whose value fell approximately 0.1% in the past six months. The total portfolio value may be much higher due to cash Should I Hire a Financial Advisor or DIY It? What does this mean? 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. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. [17] He subsequently liquidated his company to focus on his personal investments. "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. Michael Burry reveals new stock bets after previously dumping entire 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). It's not hard.". 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. Hedge Fund and Insider Trading News: Michael Burry, Bridgewater 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. What does this mean and why is it important? 1,517,790 additional shares. 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. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. and Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Questions to ask Description. 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. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding!

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