This means they effectively own 0.6% of the company. However, Dr. Burry has a much broader track record in the investing world. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. . [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. The companys operating segments include Active Group, Work Group, and Lifestyle Group, which individually focus anywhere from casual footwear and apparel to industrial work boots and apparel. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. This could also limit the number and diversity of investment options available and may impact their transferability. The portfolio's exposure to China is also thought-provoking. 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 . What does this mean? In response, Alibaba has been repurchasing stock in bulk. Data is sourced from 13D/13G, 13F, and N-Q filings. [9] While off duty at night, he worked on his hobby: financial investing. Our Methodology. He quickly earned extraordinary profits for his investors. ", "Why Is Michael Burry Investing In Water? Scion has $638,901,404 assets under management (AUM). What does this mean and why is it important? Currently, their heaviest sector is Real Estate making up 53.2% of Address: 20665 4th Street Suite 201. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. Black Knight Inc (US:BKI) Our system found no disciplinary alerts. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. Alibaba is down 71% from its October 2020 peak. Scion employs over 1,750 team members and has over $9 billion of assets under . Questions to ask assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. [13], In 2005, Burry started to focus on the subprime market. See the Top Performing Hedge-Funds > Michael Burry . 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. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Written by investor.com. Is your firm affiliated with a law firm in any capacity? A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Average metrics of all companies in portfolio . EXHIBIT C. July 28, 2019. 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. 0001567619-21-015632. Fintel is a registered trademark. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . He looks for investments in undervalued companies with strong long-term prospects. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Wolverine World Wide, Inc. (US:WWW) 66.7% of the portfolio companies SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Chase Coleman's: Tiger Global Management. How do we make money? As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. What does this mean? The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. 2021-08-16. The company has been growing rapidly over the past few years while retaining compelling profitability levels. 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. Also, the article may contain affiliate links. The firm prefers to employ long/short, market neutral, and activist strategies. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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. What does this mean? MGM Resorts International (US:MGM) What happened? This could be detrimental to a client during down markets. 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. 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. 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. 1,517,790 additional shares. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Scion Asset Management is headquartered in Saratoga, California. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. What does this mean? The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. What does this mean? 100.0% In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. SEC Form 13F Filing History. 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. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Geo dropped approximately 0.1% in the past year. 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. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. 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). Please declare your traffic by updating your user agent to include company specific information. Here's what investors need to know about Michael Burry's long positions. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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. 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 headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History What does this mean? . Performance. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. For more information, contact opendata@sec.gov. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. Firm or an affiliate actively engages in business as a law firm or lawyer. 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. These conflicts can negatively impact clients via hidden fees and overall higher costs. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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. For example, front-running is when a financial professional buys or sell securities ahead of their client. A quarter of the portfolio is made up of consumer discretionary companies. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. 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. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Scion was up 55%. He became famous when he was played by Christian Bale in the blockbuster movie 'The Big Short' based on the best selling book by author Michael Lewis.Dr. It is now the funds second-largest holding, accounting for 18.3% of its holdings. , Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? It's not hard.". Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. 347 Followers. All rights reserved. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Burry predicted, "Fed will cut and government will stimulate. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. 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. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. $41.4 million and $41.2 million respectively. 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. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. [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. What does this mean and why is this important? Burry followed up his warning by detailing his own experience with student debt. The fund focuses on investments in the United States as He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. WRITE REVIEW. Will anyone that was involved be involved with my accounts in any capacity? However, Burry is also known to take an approach that often contradicts what the broad market dictates. in 2008. Scion Asset Management's Portfolio - All 9 Public Equity Investments. What conflicts do I need to be made aware of? Qurate Retail Inc makes up 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. 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. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Here's how we make money. And we could be headed for another recession. and Why doesnt your firm use a secure website? [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Michael Burry of Scion Asset Management. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry There are 3 companies that go by the name of Scion Asset Management, LLC. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Following the massive triumph he experienced by successfully predicting the subprime mortgage crisis of 2007-2008, Dr. Michael Burry has grown into a living legend in the world of finance. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. 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? What does this mean? Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. Any data inaccuracies, please contact our team. 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. 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. 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. 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Yes or [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. [5][6][7], He studied economics and pre-med at the University of California, Los Angeles, earned an MD degree from the Vanderbilt University School of Medicine,[6] and started but did not finish his residency[8] in pathology at Stanford University Medical Center. What percentage of income does your firm receive from fees versus commissions? Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. Bruce Berkowitz's: Fairholme Capital Management. Here's what investors need to know about Michael Burry's long positions. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. T. Black Knight offers blended software, data, and analytics solutions all over the globe. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. What does this mean and why is it important? Green rows indicate new positions. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. What does this mean and why is it important? These positions were updated on November 14th based on the funds latest 13F filing. Questions to ask Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. 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. 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. Scion Asset Management currently serves clients in the following states: CA, TN. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. 18951. 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. Our partners compensate us through paid advertising. 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. 20665 4th Street, Suite 201. Point72 Asset Management . Verition Fund Management LLC increased its holdings in shares of ScION Tech Growth II (NASDAQ:SCOB - Get Rating) by 153.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Investor.com is your trustworthy guide to the world of personal finance. What does this mean and why is it important? The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. The advisory also believes in using fundamental analysis methods to assess . 1-Year Performance. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. 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. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. By the end of 2004, he was managing $600 million and turning money away. Description. Based in Saratoga, Calif., Scion has just six employees, two of whom . 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. Thank you for your interest in the U.S. Securities and Exchange Commission. Questions to ask Most recent portfolio value is calculated to be $ 46,536,925 USD. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Scion Asset Managements portfolio is diversified across 5 sectors. Questions to ask the total portfolio value. For instance, research has shown that mutual funds that use incentive fees take on more risk than funds that do not, and tend to double down and increase their risk following a poor performance. 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 any of my assets be invested in those products? The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. . Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. What conflicts arise from this relationship? Questions to ask Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. Common Stock (US:US19247G1076) 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. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. 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 . 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. 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. $48.3 Million Total portoflio value. What does this mean? Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Questions to ask Scion Asset Management Review. Form 13F is required to be filed within 45 days of the end of a calendar quarter. What does this mean? 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." Quickly find out what the most recently closed or increased positions are. Michael Burry is an American investor, and hedge fund manager. In fact, Dr. Burry had showcased such great stock-picking skills that he drew the interest of companies such as Vanguard, White Mountains Insurance Group, and renowned investors such as Joel Greenblatt. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Some firms receive these fees as payments, which creates an incentive to promote them. February 17, 2023. And it is notwater is political, and litigious. Heejin Kim and Myungshin Cho (29 August 2019). Click the link icon to see the full transaction history. 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. , All requests for updated information should also be reported directly to the SEC and/or FINRA. "Trusted by investor.com" status is reserved to those financial advisor firms meeting investor.com's strict requirements, beginning with earning no less than a 4.5 to 5 -star rating based on investor.com's independent Trust algorithm analysis. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). SCION ASSET MANAGEMENT, LLC. The hedge fund exited positions including Alphabet Inc. and Facebook . 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. 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. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. GameStop Corp. 625 Westport Parkway. Does your firm offer mutual funds that have 12b-1 fees? Charlie Munger - Daily Journal Corp. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. Is your firm a broker-dealer or are you affiliated with one? Scion Asset Management, LLC If you require advice in relation to any financial matter you should consult an appropriate professional. 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. Does your firm perform side-by-side management? Ranked #44 out of 483 Hedge Fund Managers. The impact to a portfolio due to this purchase was 0.65%. 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 . The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. In total, Scion Asset Management manages $291.7 million in assets. Scion Asset Management, LLC's new positions include Scion Asset Management Holdings Heatmap . Apply for Trusted badge. Burry predicted Tesla stock would collapse like the housing bubble,[27] saying that "my last Big Short got bigger and Bigger and BIGGER" and taunted Tesla bulls to 'enjoy it while it lasts. 223.17% 10-Year Performance. 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. The fund only has four clients. For more information, please see the SECs Web Site Privacy and Security Policy. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Michael Burry has been on a buying spree lately. Bloomberg via Getty Images. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. What does this mean? For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. [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".