Financial plans and investment portfolios are always unique to the client's personal financial situation. Geo dropped approximately 0.1% in the past year. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. , And we could be headed for another recession. [17] He subsequently liquidated his company to focus on his personal investments. Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. 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. Hedge Fund Manager. He has warned a severe recession on several occasions over the last year. 2021-08-16. For more information, please see the SECs Web Site Privacy and Security Policy. 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. What does this mean? The holding were 650,000 shares as of 2021-03-31. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Questions to ask The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time. 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. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. approximately 0.1% of the total holdings value. Questions to ask This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. $48.3 Million Total portoflio value. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. 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. Scion Asset Management, LLC Holdings. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). 0001567619-21-015632. All rights reserved. are based in the United States. 1,", "A Primer on Scion Capitals Subprime Mortgage Short", "Scion Asset Management - Quarterly Holdings Reports", https://en.wikipedia.org/w/index.php?title=Michael_Burry&oldid=1136913298, University of California, Los Angeles alumni, Vanderbilt University School of Medicine alumni, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 February 2023, at 20:47. Stocks with a size of more than $10 billion in market cap make up Please send any feedback, corrections, or questions to support@suredividend.com. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. 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. What percentage of income does your firm receive from fees versus commissions? 66.7% of the portfolio companies 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. The current portfolio value is calculated to be $47.00 Mil. Burry has a strictly traditional understanding of value. 340.15% 5-Year Performance. 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. 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. We use the change in the portfolio allocation because this is the most meaningful metric. Does your firm offer mutual funds that have 12b-1 fees? Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. 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. [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. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . The Form 13F report requires disclosure of the manager that files the report, the name and class of the security, the CUSIP number, the number of . As of 7th November 2022, Scion Asset 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. GameStop Corp. 625 Westport Parkway. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Eventually Burry closed his fund and retired. What does this mean? Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Link to 13F filings: SEC filings. Firm performs side-by-side management with accounts that have differing fee structures. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. 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. Why has Burry, who is bearish on the . This page was last edited on 1 February 2023, at 20:47 (UTC). The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. As a Certified B Corporation, our focus is simple: people before profits. By the end of 2004, he was managing $600 million and turning money away. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Bruce Berkowitz's: Fairholme Capital Management. Please declare your traffic by updating your user agent to include company specific information. 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. Scion Asset Management, LLC's top holdings are To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. . Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. WRITE REVIEW. Data is sourced from 13D/13G, 13F, and N-Q filings. Hedge funds are required to report only their long positions, not their short positions. The firm's website is not secure by modern internet standards. [30], Burry is married, with children, and was living in Saratoga, California in 2010. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Scion Asset Management, the firm of "The Big Short" investor Michael Burry, disclosed this week that during the fourth quarter of 2019, it closed its holding in Bed Bath & Beyond Inc. (NASDAQ:BBBY . What does this mean? Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry 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. 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. What does this mean? Researcher and operations manager at DM Martins Research. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? How do these benefits affect the firms selection of a broker-dealer partner? He then left to start his own hedge fund. That said, the company has navigated these challenges quite competently, which, combined with its deep-value characteristics, explained why Dr. Burry has bet heavily on The GEO Group. Investors profit from puts when the . Scion Asset Management, LLC operates as an investment firm. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Stocks and cryptocurrency portfolio tracker. , The firm may also use leverage and derivative strategies to increase the rate of client success. 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 . 100.0% Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. This could be detrimental to a client during down markets. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. In addition, the fund holds 5,000,000 shares of . Wolverine World Wide, Inc. (US:WWW) On this Wikipedia the language links are at the top of the page across from the article title. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Fintel is a registered trademark. The average market cap of the portfolio companies is close to $2.02 billion. Firm or related person receives soft-dollar benefits in connection with client securities transactions. [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. [9][31][6], He is a fan of heavy metal music, including bands such as Obituary, Lamb of God, Amon Amarth, Slipknot, King Diamond and Pantera. Some firms receive these fees as payments, which creates an incentive to promote them. : 000000000 | State of Incorp. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. "[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. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Based in Saratoga, Calif., Scion has just six employees, two of whom . Charlie Munger - Daily Journal Corp. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Bill Ackman's: Pershing Square Capital Management. These conflicts can negatively impact clients via hidden fees and overall higher costs. For more information, contact opendata@sec.gov. These filings are called "notice filings". Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. 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. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. 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. Latest Holdings, Performance, AUM (from 13F, 13D). Saratoga, CA 95070. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. 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. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. Michael Burry recently added seven new stocks to his hedge fund, Scion Asset Management, including Chinese e-commerce companies Alibaba and JD.com and technology firm Black Knight. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. He had already built a reputation as an investor at the time by exhibiting success in value investing. $41.4 million and $41.2 million respectively. The investment fund also strengthened its position in Geo by buying SkyWest, Inc. (US:SKYW) . How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. Scion has $638,901,404 assets under management (AUM). Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. What does this mean? The investment fund's only holding now is The . Updated 05 Jan 2023. Why doesnt your firm use a secure website? David Einhorn's: Greenlight Capital. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Our system found no disciplinary alerts. On February 14, Michael Burry filed his company's holdings report with the SEC. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. , More than 90% of the beds are located in the US. [9] While off duty at night, he worked on his hobby: financial investing. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. 347 Followers. "[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. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. The firm prefers to employ long/short, market neutral, and activist strategies. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. tips_and_updates Financial Advisor Education. What does this mean and why is it important? The author may be long one or more stocks mentioned in this report. , He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt. In his words: All my stock picking is 100% based on the concept of a margin of safety.. 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. February 17, 2023. Form 13F is required to be filed within 45 days of the end of a calendar quarter. , This means they effectively own 0.6% of the company. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. 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. financing, asset management, . This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. 2015-2023 Fintel Ventures LLC. Alibaba Group Holding Limited ADR (US:BABA) By using this site, you are agreeing to security monitoring and auditing. Green rows indicate new positions. So is Burry less bearish on the U.S. economy than he was last year? Questions to ask 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. 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. What does this mean and why is it important? 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. He looks for investments in undervalued companies with strong long-term prospects. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Michael Burry is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. As a result, the company will soon be able to self-fund its growth and overall operations. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. 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. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Guinea Sets Two-Week Deadline for Alumina Plants Projects, RAF Jets Escort Plane in Distress to Stansted Airport, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows, Rivian Tells Staff EV Output May Be 24% More Than Forecast, VW Will Build a $2 Billion Electric Truck and SUV Plant in South Carolina, Meta Cuts the Price of Its Quest Headset Up to 33% After Disappointing Demand, John Malone andCharter Directors Agree to $87.5 Million Settlement, Apples Cloud Chief to Leave, Adding to Wave of Departures, Congo President Tells Macron Conflict in East May Delay Election, Anti-ESG Crusader Wants to Take Trumps Agenda to Next Level, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Upgrade to unlock premium data and export to Excel . According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Reference ID: 0.35841402.1677949840.1dcfc4e. Dear Members of the Board, Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,000,000 shares, or about 2.21%, of GameStop, Inc. ("GameStop") common stock. 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 . 408-441-8400 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. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. , Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. While partners may pay to provide offers or be featured, e.g. The stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. What does this mean and why is this important? This could also limit the number and diversity of investment options available and may impact their transferability. The advisory also believes in using fundamental analysis methods to assess . 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. What does this mean? Steven Cohen's: Point72 Asset Management. in 2008. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Our partners compensate us through paid advertising. What conflicts arise from this relationship? Portfolio Gain +257.56%. 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. It is now the funds third-largest holding, accounting for 12.8% of its holdings. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us.
Harold Henthorn Birthdate,
How To Find Your Orisha Quiz,
Articles S