Link to 13F filings: SEC filings. Please send any feedback, corrections, or questions to support@suredividend.com. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). On this Wikipedia the language links are at the top of the page across from the article title. What does this mean? *SEC data last verified February 17, 2023. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. In January, Burry made predictions for an economic downturn in 2023. 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. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Why Didn't the Fed? Description. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. There are currently 6 companies in Mr. Burry's portfolio. In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. As of 7th November 2022, Scion Asset Managements top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Michael Burry . What does this mean? Stocks with a size of more than $10 billion in market cap make up GameStop Corp. 625 Westport Parkway. Scion Asset Management, LLC operates as an investment firm. What does this mean? , Scion Asset Management is headquartered in Saratoga, California. Does your firm, or anyone associated with the firm, practice as a law firm? 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. Red rows indicate closed positions. 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. Latest Holdings, Performance, AUM (from 13F, 13D). The total portfolio value may be much higher due to cash Read through our introductory course to financial advisors. What does this mean? CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. He had already built a reputation as an investor at the time by exhibiting success in value investing. [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. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. 100.0% Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. 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 felony. Questions to ask
The portfolio's exposure to China is also thought-provoking. Scion Asset Management, LLC's new positions include A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. What does this mean and why is it important? Unlike HTTPS connections, HTTP connections are not encrypted. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Questions to ask
Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. The impact to a portfolio due to this purchase was 0.65%. 347 Followers. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. This means they effectively own 0.6% of the company. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Here's what investors need to know about Michael Burry's long positions. Average metrics of all companies in portfolio . Heejin Kim and Myungshin Cho (29 August 2019). 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. Geo dropped approximately 0.1% in the past year. It is now the funds third-largest holding, accounting for 12.8% of its holdings. SEC Form 13F Filing History. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. What does this mean? Growth has also been smooth for the company due to the recurring nature of its business model. 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. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? Green rows indicate new positions. We have concerns regarding capital management at . Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry 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. What does this mean? 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. Here's how we make money. Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). Performance. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. Our team combines decades of experience in all aspects of campus housing: residential life administration, real estate finance, program and asset management, plus practical knowledge from the ownership . 340.42% 1Y 3Y 5Y 10Y. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Note: 13F filing performance is different than fund performance. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. 2021-08-16. Currently, their heaviest sector is Real Estate making up 53.2% of 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. How does your firm mitigate them? In this episode, we hear how she became a sponge for product design, figured out how to make accessible yet high-end jewelry, and how she even relocated to China for the better part of a year to personally see to her brand's manufacturing. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. What happened? 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. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. $48.3 Million Total portoflio value. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. What does this mean and why is this important? Black Knight Inc (US:BKI) I was damned sure I was going to pay it off.. , That would put the U.S. in a recession under "any definition.". The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. The investment fund's only holding now is The . Michael Burry of Scion Asset Management. 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. Michael Burry does see a recession coming, but that hasn't stopped himrather his hedge fund Scion Asset Managementfrom stocking up on some positions likely to be hit hard by a downturn. At 06/30/2022: $3,309. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. 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. He is best known for being amongst the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. 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. Execute maintenance objectives and daily assignments with the Facilities Supervisor. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. 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. [17] He subsequently liquidated his company to focus on his personal investments. Terms of Use | Disclaimers | Privacy Policy. More than 90% of the beds are located in the US. Michael Burry is an American investor, and hedge fund manager. What percentage of income does your firm receive from fees versus commissions? Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. It would appear that Burry is betting that China will rebound. Top 50 Scion Asset Management Holdings . Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. He has said, "Fresh, clean water cannot be taken for granted. The current portfolio value is calculated to be $47.00 Mil. Our system has identified the following conflict alerts. Here you can find the latest trades based on Burry's 13F filings and insider trades. 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. Yes or The holding were 650,000 shares as of 2021-03-31. All requests for updated information should also be reported directly to the SEC and/or FINRA. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. 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 Managements portfolio is diversified across 5 sectors. [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. 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%. Scion's current portfolio consists of nearly 82,000 beds of student accommodations in 126 communities, serving 76 college and university markets across 33 U.S. states. 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. 0001567619-21-015632. As a result, the company will soon be able to self-fund its growth and overall operations. , Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Portfolio Gain +257.56%. Visit Site, Is this your firm? What does this mean? By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Common Stock (US:US19247G1076) With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. 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. 20665 4th Street, Suite 201. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Firm performs side-by-side management with accounts that have differing fee structures. Qurate Retail Inc makes up This video discusses the update to Michael Burry's portfolio (Scion Asset Management). I was damned sure I was going to pay it off. The average market cap of the portfolio companies is close to $2.02 billion. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Scion Asset Management Holdings Heatmap . approximately 0.1% of the total holdings value. Strategies arent specified: There isnt a lot of specificity provided . 2023 Reink Media Group LLC. 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. 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. He only looks for their undervalued elements, regardless of their sector and class. 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. Common Stock (US:US19247G1076) Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. SCION ASSET MANAGEMENT, LLC. 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. Relative to the previous quarter there was a little reshuffling of his holdings. They manage Ray Dalio's: Bridgewater Associates. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. 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. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Scion Capital returned 489.34% (net of fees and expenses) between November 1, 2000 and June 2008 compared to 3% total return from S&P 500 during the same time frame. There are 3 companies that go by the name of Scion Asset Management, LLC. has disclosed 9 total holdings in their latest SEC filings. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. 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. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. Note: We do not offer technical support for developing or debugging scripted downloading processes. 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. I cover the recent 13F filings and the logic behind Michael Burry's po. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. SCION ASSET MANAGEMENT, LLC: CHIEF EXECUTIVE OFFICER: direct: 2013-03-01: CLARKE BENNITT MANAGEMENT, LP: PRINCIPLE OWNER: indirect: 2005-02-01: 2006-01-20: BURRY, ANH-THI: TRUSTEE THE BURRY 2003 REVOCABLE TRUST: 05/01/2003: Indirect Other: Fund Name Position direct/indirect start date end date; SCION ASSET MANAGEMENT, LLC: Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. 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Will His AI Plans Be Any Different? | 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. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Black Knight Inc (US:BKI) This makes their stake in Geo total 2,019,150 shares worth $15.5 million. What does this mean? Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Questions to ask
[22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. [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. He has warned a severe recession on several occasions over the last year. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Written by investor.com. Scion Asset Management, LLC Portfolio Never miss a trade. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens.