Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Common Stock (US:US19247G1076) 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. Michael Burry's Hedge Fund Scion Buys GEO Stock, Dumps META, GOOGL There are currently 6 companies in Mr. Burry's portfolio. SEC Form 13F Filing History. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . In total, Scion Asset Management manages $291.7 million in assets. Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. David Einhorn's: Greenlight Capital. Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) How does your firm mitigate them? Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Here's what investors need to know about Michael Burry's long positions. 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. Hedge funds are required to report only their long positions, not their short positions. [30], Burry is married, with children, and was living in Saratoga, California in 2010. Black Knight Inc (US:BKI) Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. 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. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Financial plans and investment portfolios are always unique to the client's personal financial situation. 223.17% 10-Year Performance. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. It is now the funds second-largest holding, accounting for 18.3% of its holdings. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". He has Rusyn ancestry. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. What does this mean? As a result, we do not support personal reviews on the site. Some firms receive these fees as payments, which creates an incentive to promote them. Burry predicted, "Fed will cut and government will stimulate. Burry was born and grew up in San Jose, California. The firm prefers to employ long/short, market neutral, and activist strategies. Scion Asset Management Holdings Heatmap . Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech 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. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. 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. 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. 1,517,790 additional shares. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. In his words: All my stock picking is 100% based on the concept of a margin of safety.. Checks take place monthly. Michael Burry is an American investor, and hedge fund manager. Keep reading this article to learn more about Scion Asset Management. "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. For further detail, see our articles on different types of advisors and financial advisor services. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. Leadership - The Scion Group 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. Hedge Fund and Insider Trading News: Michael Burry, Bridgewater WRITE REVIEW. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet While StockBrokers.com has all data verified by industry participants, it can vary from time to time. "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. Questions to ask 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." 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. and As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Scion Asset Management Review - MagnifyMoney The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Filing Date. The GEO Group Inc (US:GEO) 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. [29] During the second quarter of 2021, he has reported to hold puts on almost 31 million dollars on the ARKK ETF innovation index managed by Ark Invest. Published on February 27th, 2023 by Nikolaos Sismanis. He only looks for their undervalued elements, regardless of their sector and class. These positions were updated on November 14th based on the funds latest 13F filing. 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%. Currently tracking portfolios of 77 superinvestors. They manage With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. 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. I was damned sure I was going to pay it off.. Scion Asset Management, LLC What does this mean? 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. 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. : 000000000 | State of Incorp. The portfolio's exposure to China is also thought-provoking. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. And we could be headed for another recession. Michael Burry Portfolio and News | GuruFocus The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. 12.25% 3-Year Performance. [17] He subsequently liquidated his company to focus on his personal investments. Portfolio manager(s) are listed as Michael Burry. Scion Asset Management 13F annual report (2023) | wallmine Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. Performance. Portfolio manager(s) are listed as Michael Burry. Michael Burry has been on a buying spree lately. What does this mean and why is this important? Michael Burry's Scion hedge fund disclosed holdings for first time in 2 With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. 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. , whose value fell approximately 0.1% in the past six months. Scion Asset Management, LLC Holdings. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Green rows indicate new positions. And it is notwater is political, and litigious. The investment fund's only holding now is The . Average metrics of all companies in portfolio . , Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. , He had already built a reputation as an investor at the time by exhibiting success in value investing. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Why has Burry, who is bearish on the . Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F , Questions to ask On this Wikipedia the language links are at the top of the page across from the article title. Top 50 Scion Asset Management Holdings . Our Methodology. 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. 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. Scion Asset Management, LLC operates as an investment firm. Questions to ask Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. 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 . Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry 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. 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. Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel 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. Scion Asset Management Investor Profile: Portfolio & Exits | PitchBook If you require advice in relation to any financial matter you should consult an appropriate professional. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. Can I Invest In Scion Asset Management - InvestmentProGuide.com The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. What does this mean and why is it important? What does this mean? Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. 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. 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. Ray Dalio's: Bridgewater Associates. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Scion has $638,901,404 assets under management (AUM). Firm performs side-by-side management with accounts that have differing fee structures. Ranked #44 out of 483 Hedge Fund Managers. Scion Asset Managements portfolio is diversified across 5 sectors. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. See how we calculate 13F filing performance here. The firm's asset exposure includes equities, derivatives, and fixed income instruments. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. 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. Our partners compensate us through paid advertising. All rights reserved. What does this mean and why is it important? Grapevine, TX 76051. What does this mean and why is it important? SCION ASSET MANAGEMENT, LLC | LinkedIn Maintenance Technician Job in Minneota, MN at The Scion Group , . 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. Based in Saratoga, Calif., Scion has just six employees, two of whom . , What does this mean and why is it important? Saratoga, CA 95070. [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. Burry followed up his warning by detailing his own experience with student debt. EXHIBIT C. July 28, 2019. When? Since Jun 2013. This page was last edited on 1 February 2023, at 20:47 (UTC). BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Bruce Berkowitz's: Fairholme Capital Management. Does your firm, or anyone associated with the firm, practice as a law firm? Ultimately, Burrys analysis proved right. Scion Asset Management 13F annual report (2023) | wallmine On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. JD.com, Inc. (US:JD) Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. 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. The turnover rate is 70%. Follow Michael Burry and Buy GEO Stock | InvestorPlace Any data inaccuracies, please contact our team. Musk Made a Mess at Twitter. Burry's Scion sold all Gamestop shares in Q4 before GME went To illustrate how successful Dr. Burrys picks were from the origins of Scion Asset Management to the Great Financial Crisis, the hedge fund recorded returns of 489.34% (net of fees and expenses) between its inception in November 2000 to June 2008. He quickly earned extraordinary profits for his investors. | 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. While this can be seen as "eating your own cooking," there are conflicts that may arise. Michael Burry reveals new stock bets after previously dumping entire Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Geo dropped approximately 0.1% in the past year. Firm or an affiliate actively engages in business as a law firm or lawyer. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. Firm or a related person trades securities for themselves that they also recommend to their clients. Which securities does your firm trade for itself that it will also be recommending to me? How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? Why doesnt your firm use a secure website? What does this mean? ", "Why Is Michael Burry Investing In Water? 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In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in 2023 Reink Media Group LLC. The hedge fund exited positions including Alphabet Inc. and Facebook . Eventually Burry closed his fund and retired. MGM Resorts International (US:MGM) 2023 NYP Holdings, Inc. All Rights Reserved, King of debt Joe Biden absurdly labels himself a deficit hawk, Teacher Randi Weingartens ignorant, anti-democratic rant, Bidens Ohio failure: Letters to the Editor March 2, 2023, Randi Weingarten has maniacal meltdown at student debt relief rally. Scion Asset Management, LLC Bu - GuruFocus.com GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Current Michael Burry Portfolio 2021 Q1 Update - New Trader U 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Please provide me a list of the products and a summary of how much your firm earns from them. Louis Bacon's: Moore Capital Management. When he was younger, he noticed that it took him a lot of energy to look people in the eye, and said, "If I am looking at you, that's the one time I know I won't be listening to you". Michael Burry of Scion Asset Management. Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) FINRA data last verified February 17, 2023. SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com It's not hard.". For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. What does this mean? (Disclaimers: this is not investment advice. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. 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. Michael Burry is Betting Everything on These 6 Stocks 2015-2023 Fintel Ventures LLC. All requests for updated information should also be reported directly to the SEC and/or FINRA. 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 . While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. What does this mean? On February 14, Michael Burry filed his company's holdings report with the SEC. Scion employs over 1,750 team members and has over $9 billion of assets under . Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. Chase Coleman's: Tiger Global Management. Written by investor.com. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Description. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. [9] While off duty at night, he worked on his hobby: financial investing. What does this mean? He looks for investments in undervalued companies with strong long-term prospects. [9], Despite not practicing, Burry has kept his license as a physician active with the Medical Board of California, including continuing education requirements.[10][11]. The impact to a portfolio due to this purchase was 0.65%. More than 90% of the beds are located in the US. The investing legend was one of the first people to recognize the massive risk in the pre-2007 sub-prime real estate market the then unknown money manager bet over $1 billion that sub-prime would implode. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. How many times did it occur? What conflicts arise from this relationship? [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. Is your firm affiliated with a law firm in any capacity? We reserve the right to block IP addresses that submit excessive requests. Scion's new purchases consist of . 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. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. The latest quarterly filing from Scion Asset ManagementMichael Burry's firmshows no bearish bets against the electric-vehicle giant Tesla The loss of a notable bear appears to be giving . . approximately 0.1% of the total holdings value. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. Wolverine World Wide, Inc. (US:WWW) Questions to ask But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority.