* Reported Price is the price of the security as of the portfolio date. These filings are called "notice filings". As a result, the company will soon be able to self-fund its growth and overall operations. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Will any of my assets be invested in those products? The Scion Asset Management office and employees reside in Saratoga, California. 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. Will anyone that was involved be involved with my accounts in any capacity? Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Average metrics of all companies in portfolio . Scion Asset Management General Information. Questions to ask Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry Alibaba Group Holding Limited ADR (US:BABA) Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. 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 . 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. Questions to ask Our team combines decades of experience in all aspects of campus housing: residential life administration, real estate finance, program and asset management, plus practical knowledge from the ownership . And it is notwater is political, and litigious. 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. Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech Michael Burry's Scion hedge fund disclosed holdings for first time in 2 It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. Scion Asset Management Holdings Heatmap . There are currently 6 companies in Mr. Burrys portfolio. 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. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. *SEC data last verified February 17, 2023. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. What does this mean and why is it important? 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. Scion Asset Management currently serves clients in the following states: CA, TN. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Firm performs side-by-side management with accounts that have differing fee structures. Why Didn't the Fed? They manage 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. While this can be seen as "eating your own cooking," there are conflicts that may arise. MGM Resorts International (US:MGM) I cover the recent 13F filings and the logic behind Michael Burry's po. And we could be headed for another recession. 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. 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. Michael Burry's Hedge Fund Scion Buys GEO Stock, Dumps META, GOOGL As a result, we do not support personal reviews on the site. 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. Saratoga, CA 95070. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. 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. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. What does this mean? and Scion has $638,901,404 assets under management (AUM). In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Stocks and cryptocurrency portfolio tracker. Scion Asset Management Investor Profile: Portfolio & Exits | PitchBook 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, LLC's new positions include 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. 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. 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. SkyWest, Inc. (US:SKYW) (Disclaimers: this is not investment advice. SEC Form 13F Filing History. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). FINRA data last verified February 17, 2023. Questions to ask Here's what investors need to know about Michael Burry's long positions. Burry predicted, "Fed will cut and government will stimulate. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. About Us - Scion Advisory The majority of the companies in the funds portfolio are large-cap stocks. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. Some firms receive these fees as payments, which creates an incentive to promote them. You wont receive financial advice or any financial planning services as an individual investor, and you can only invest in the available funds that the firm oversees. The total portfolio value may be much higher due to cash Growth has also been smooth for the company due to the recurring nature of its business model. He has warned a severe recession on several occasions over the last year. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. 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. In addition, the fund holds 5,000,000 shares of . Please declare your traffic by updating your user agent to include company specific information. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. 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. Portfolio value: $46M+ Period: 2022 Q4. Here's how we make money. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Why doesnt your firm use a secure website? What conflicts arise from this relationship? These partnerships do not influence editorial content. "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. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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. U.S Market Open - Market Closes in 49M 55S. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. 408-441-8400 and Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. 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. 1001 and 1030). 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 . Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. For example, front-running is when a financial professional buys or sell securities ahead of their client. 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. Michael Burry is Betting Everything on These 6 Stocks Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. [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". This page was last edited on 1 February 2023, at 20:47 (UTC). A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. How many times did it occur? Burry's Scion sold all Gamestop shares in Q4 before GME went Portfolio manager(s) are listed as Michael Burry. 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. Profitability has also been weak. Red rows indicate closed positions. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Scion Asset Management, LLC Holdings. 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. 0001567619-21-015632. Geo dropped approximately 0.1% in the past year. Visit Site, Is this your firm? 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 . Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Scion Asset Management 13F annual report (2023) | wallmine What does this mean? [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. 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. Why has Burry, who is bearish on the . It is now the funds second-largest holding, accounting for 18.3% of its holdings. | 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. 340.15% 5-Year Performance. 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. Our system found no disciplinary alerts. 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. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. Burry was born and grew up in San Jose, California. 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. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Nevertheless, it is Dr. Burrys legendary plays prior to the Great Financial Crisis, and the massive returns that followed that pushed his name into the international spotlight. By using this site, you are agreeing to security monitoring and auditing. Burry has a strictly traditional understanding of value. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. Cassandra B.C. (@michaeljburry) / Twitter T. Black Knight offers blended software, data, and analytics solutions all over the globe. The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha He has Rusyn ancestry. Warren Buffett's: Berkshire Hathaway. Qualified participating firms must abide by investor.com Certification program's terms and conditions when utilizing an awarded "Trusted by investor.com" badge, as well as in connection with permitted enhancements to the firm's investor.com profile page. 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. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Common Stock (US:US19247G1076) Michael Burry Portfolio and News | GuruFocus 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. DATAROMA Invest Alongside Superinvestors 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. Scion Asset Management LLC Top Holdings 13F Filings Please send any feedback, corrections, or questions to support@suredividend.com. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. Michael Burry has been on a buying spree lately. The investment fund also strengthened its position in Geo by buying [] 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! Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. Scion Capital returned 489.34% (net of fees and expenses) between November 1, 2000 and June 2008 compared to 3% total return from S&P 500 during the same time frame. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Hedge Fund and Insider Trading News: Michael Burry, Bridgewater As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Strategies arent specified: There isnt a lot of specificity provided . Unlike HTTPS connections, HTTP connections are not encrypted. What does this mean? What does this mean? 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. 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. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Scion Asset Management. Chase Coleman's: Tiger Global Management. Keep reading this article to learn more about Scion Asset Management. Financial plans and investment portfolios are always unique to the client's personal financial situation. Please provide me a list of the products and a summary of how much your firm earns from them. Scion Asset Management 13F annual report. 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 . Grapevine, TX 76051. Note: We do not offer technical support for developing or debugging scripted downloading processes. [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. [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 Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. 223.17% 10-Year Performance. 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, LLC | LinkedIn In response, Alibaba has been repurchasing stock in bulk. About Us - The Scion Group Bill Ackman's: Pershing Square Capital Management. Firm or an affiliate actively engages in business as a law firm or lawyer. The turnover rate is 70%. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. 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. 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. What does this mean? He also believes that he expects growth in the consumer price index (CPI) to come down and be possibly negative in the second half of 2023. Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA Address: 20665 4th Street Suite 201. Cathie Wood says Michael Burry doesn't understand innovation space By Steve Burns. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. 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. Michael Burry warns of student loans forgiveness consequences "[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. 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. How do we make money? JD.com, Inc. (US:JD) 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. I was damned sure I was going to pay it off. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. the total portfolio value. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. 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. GameStop Corp. 625 Westport Parkway. What does this mean and why is it important? Scion Asset Management Fund Performance History & Annualized Return 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla The hedge fund exited positions including Alphabet Inc. and Facebook . These conflicts can negatively impact clients via hidden fees and overall higher costs. in 2008. Why does your firm believe in offering commission-based services to clients? Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades When? 12.25% 3-Year Performance. PDF Form Adv - Sec The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Operating as an online business, this site may be compensated through third party advertisers. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. , : 000000000 | State of Incorp. 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.
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