[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. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. [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]. 100.0% Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. 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. Currently, their heaviest sector is Real Estate making up 53.2% of How does your firm approach insurance sales? Geo dropped approximately 0.1% in the past year. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Musk Made a Mess at Twitter. What does this mean? Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. U.S Market Open - Market Closes in 49M 55S. They manage Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. Yes or Keep reading this article to learn more about Scion Asset Management. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Based in Saratoga, Calif., Scion has just six employees, two of whom . 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. How many times did it occur? Scion Asset Management currently serves clients in the following states: CA, TN. tips_and_updates Financial Advisor Education. For more information, contact opendata@sec.gov. The GEO Group is a specialty REIT that owns, operates, and manages correctional, detention, and reentry facilities in the US, UK, South Africa, and Australia. 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. Questions to ask There are 3 companies that go by the name of Scion Asset Management, LLC. 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. Read through our introductory course to financial advisors. Does your fim accept soft-dollar benefits? 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. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Bill Ackman's: Pershing Square Capital Management. If you require advice in relation to any financial matter you should consult an appropriate professional. Our system found no disciplinary alerts. Scion Asset Management, LLC's new positions include Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. The Scion Asset Management office and employees reside in Saratoga, California. 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." Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. 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. In January, Burry made predictions for an economic downturn in 2023. 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. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. [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. Will anyone that was involved be involved with my accounts in any capacity? * Reported Price is the price of the security as of the portfolio date. Warren Buffett's: Berkshire Hathaway. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. Updated 05 Jan 2023. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Stocks and cryptocurrency portfolio tracker. , Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Is your firm a broker-dealer or are you affiliated with one? 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). Does your firm perform side-by-side management? Form 13F is required to be filed within 45 days of the end of a calendar quarter. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. 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. Regulatory disclosures state that firm sells proprietary investments and products. Data is sourced from 13D/13G, 13F, and N-Q filings. He then left to start his own hedge fund. 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. In addition, the fund holds 5,000,000 shares of . Financial plans and investment portfolios are always unique to the client's personal financial situation. 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. Black Knight Inc (US:BKI) 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. These conflicts can negatively impact clients via hidden fees and overall higher costs. SEC Form 13F Filing History. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. What conflicts do I need to be made aware of? 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. 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. 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. What does this mean and why is it important? Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. Michael Burry is head of Scion Asset Management. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. 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. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. The Company serves clients in the United States. , , With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com's Trust Score algorithm or review process. 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 Medical Center. Scion has $638,901,404 assets under management (AUM). 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. 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. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Qurate Retail Inc makes up Terms of Use | Disclaimers | Privacy Policy. (Disclaimers: this is not investment advice. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". How does your firm mitigate them? In response, Alibaba has been repurchasing stock in bulk. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. 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. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . By using this site, you are agreeing to security monitoring and auditing. 18951. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. 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. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. And JD.com is in a similar situation, being 57% below its peak in February 2021. the total portfolio value. Designer and entrepreneur Melody Ehsani takes us on a journey from her early days working retail, to designing her first shoes and jewelry lines, to collaborating with Red Hot Chili Peppers and Jordan brand before taking on a bespoke role at Foot Locker. Top 50 Scion Asset Management Holdings . What happened? 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 . Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. Scion Asset Management Review. Please send any feedback, corrections, or questions to support@suredividend.com. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. What does this mean? The fund focuses on investments in the United States as Alibaba is down 71% from its October 2020 peak. 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. 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. The author may be long one or more stocks mentioned in this report. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. The average market cap of the portfolio companies is close to $2.02 billion. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. 20665 4th Street, Suite 201. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. Burry, whose successful bet against subprime mortgages were famously chronicled in the 2015 film The Big Short, delivered the dire forecast as the Supreme Court hears arguments this week on whether President Biden has the authority to cancel student debt. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. The majority of the companies in the funds portfolio are large-cap stocks. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Also, the article may contain affiliate links. ", "Why Is Michael Burry Investing In Water? While partners may pay to provide offers or be featured, e.g. I was damned sure I was going to pay it off. [17] He subsequently liquidated his company to focus on his personal investments. 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. All requests for updated information should also be reported directly to the SEC and/or FINRA. 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. On February 14, Michael Burry filed his company's holdings report with the SEC. In his words: All my stock picking is 100% based on the concept of a margin of safety.. On this Wikipedia the language links are at the top of the page across from the article title. 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%. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. The holding were 650,000 shares as of 2021-03-31. Steven Cohen's: Point72 Asset Management. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. We have concerns regarding capital management at . [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). 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 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. are based in the United States. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Firm can legally elect to accept commissions for their investment advisory services. He has 25 years of experience as a finance and accounting executive, having served major private and public real estate firms as chief accounting officer, chief financial officer and senior vice president of strategic initiatives. Michael Burry is an American investor, and hedge fund manager. 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 S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Scion Asset Management, LLC SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. in 2008. Why has Burry, who is bearish on the . This website is provided as is without any representations or warranties, express or implied. $41.4 million and $41.2 million respectively. These partnerships do not influence editorial content. Our system has identified the following conflict alerts. What conflicts arise from this relationship? Visit Site, Is this your firm? 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. Saratoga, CA 95070. Note: 13F filing performance is different than fund performance. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. The impact to a portfolio due to this purchase was 0.65%. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History "[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. "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. : 000000000 | State of Incorp. Scion Asset Management. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. However, Burry is also known to take an approach that often contradicts what the broad market dictates. T. Black Knight offers blended software, data, and analytics solutions all over the globe. By Steve Burns. The firm's asset exposure includes equities, derivatives, and fixed income instruments. Questions to ask Burry predicted, "Fed will cut and government will stimulate. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. And it is notwater is political, and litigious. There are currently 6 companies in Mr. Burry's portfolio. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. 12.25% 3-Year Performance. Questions to ask With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. What does this mean? Chase Coleman's: Tiger Global Management. The hedge fund exited positions including Alphabet Inc. and Facebook . 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. 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. So is Burry less bearish on the U.S. economy than he was last year? As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . 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. 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. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. Common Stock (US:US19247G1076) Questions to ask Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. What does this mean? 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. All rights reserved. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). This makes their stake in Geo total 2,019,150 shares worth $15.5 million. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Here's how we make money. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below.

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