financing, asset management, . Michael Burry's Hedge Fund Scion Buys GEO Stock, Dumps META, GOOGL Interestingly enough, when Dr. Burry had to pay for the credit default swaps, he experienced an investor revolt, as some investors in his fund feared his prophecy was inaccurate, requesting to withdraw their funds. The firm may also use leverage and derivative strategies to increase the rate of client success. Scion's new purchases consist of . Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. The firm prefers to employ long/short, market neutral, and activist strategies. IAPD - Investment Adviser Public Disclosure - Homepage 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. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. This means they effectively own 0.6% of the company. 2021-08-16. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. What does this mean? What conflicts do I need to be made aware of? 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. . Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Michael J. Burry is known by most as the Big Short investor due to the eponymous movie revolving around himself and his story during the days of the Great Financial Crisis, a role played by Christian Bale. Scion has $638,901,404 assets under management (AUM). By the end of 2004, he was managing $600 million and turning money away. Here's what investors need to know about Michael Burry's long positions. What does this mean? The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. "[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. Firm or related person receives soft-dollar benefits in connection with client securities transactions. Cathie Wood says Michael Burry doesn't understand innovation space You wont receive financial advice or any financial planning services as an individual investor, and you can only invest in the available funds that the firm oversees. When? Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Please provide me a list of the products and a summary of how much your firm earns from them. Burry followed up his warning by detailing his own experience with student debt. Scion Asset Management Investor Profile: Portfolio & Exits | PitchBook The company has been growing rapidly over the past few years while retaining compelling profitability levels. The hedge fund exited positions including Alphabet Inc. and Facebook . *SEC data last verified February 17, 2023. JD.com, Inc. (US:JD) in 2008. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . 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. Questions to ask Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Our system found no disciplinary alerts. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History , Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! 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. 12.25% 3-Year Performance. So is Burry less bearish on the U.S. economy than he was last year? Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Researcher and operations manager at DM Martins Research. 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 . Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. Is your firm affiliated with a law firm in any capacity? The majority of the companies in the funds portfolio are large-cap stocks. 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. Stocks with a size of more than $10 billion in market cap make up 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. About Us - The Scion Group He had already built a reputation as an investor at the time by exhibiting success in value investing. It would appear that Burry is betting that China will rebound. See the Top Performing Hedge-Funds > Michael Burry . In total, Scion Asset Management manages $291.7 million in assets. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Description. Scion Asset Management Review. Fintel is a registered trademark. MGM Resorts International (US:MGM) Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry Portfolio manager(s) are listed as Michael Burry. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. He quickly earned extraordinary profits for his investors. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. 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. Ray Dalio's: Bridgewater Associates. What happened? Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. Wolverine World Wide, Inc. (US:WWW) Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. He has said more than once that his investment style is built upon Benjamin Graham and David Dodds 1934 book Security Analysis: "All my stock picking is 100% based on the concept of a margin of safety. In his words: All my stock picking is 100% based on the concept of a margin of safety.. Does your firm, or anyone associated with the firm, practice as a law firm? Scion Asset Management, LLC Bu - GuruFocus.com 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. Financial plans and investment portfolios are always unique to the client's personal financial situation. Should I Hire a Financial Advisor or DIY It? In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . The current portfolio value is calculated to be $47.00 Mil. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. 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 . It's not hard.". Does your firm offer mutual funds that have 12b-1 fees? This video discusses the update to Michael Burry's portfolio (Scion Asset Management). This value is significant in that it is the last known price at which the security was still held. Updated 05 Jan 2023. 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. DATAROMA Invest Alongside Superinvestors John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. 347 Followers. Follow Tweet. What does this mean? T. Black Knight offers blended software, data, and analytics solutions all over the globe. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Scion Asset Management - Michael Burry - Insider Monkey A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. SCION ASSET MANAGEMENT - The Economic Times Our system has identified the following conflict alerts. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? What does this mean and why is it important? Checks take place monthly. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. 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. What does this mean? He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. has disclosed 9 total holdings in their latest SEC filings. "[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. What does this mean? 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. Michael Burry Portfolio and News | GuruFocus Black Knight Inc (US:BKI) 20665 4th Street, Suite 201. 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. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. 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. What does this mean and why is it important? Common Stock (US:US19247G1076) Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. 0001567619-21-010281.txt. What does this mean? We use the change in the portfolio allocation because this is the most meaningful metric. While partners may pay to provide offers or be featured, e.g. Burry has a strictly traditional understanding of value. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. 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. Hedge Fund Manager. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Geo dropped approximately 0.1% in the past year. Can I Invest In Scion Asset Management - InvestmentProGuide.com Thank you for your interest in the U.S. Securities and Exchange Commission. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. 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. Common Stock (US:US19247G1076) How does your firm mitigate them? Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed Point72 Asset Management . While this can be seen as "eating your own cooking," there are conflicts that may arise. The firm's asset exposure includes equities, derivatives, and fixed income instruments. [13], In 2005, Burry started to focus on the subprime market. Nothing on this website constitutes, or is meant to constitute, advice of any kind. 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. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. These filings are called "notice filings". The Company serves clients in the United States. SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Currently, Scion Asset Management's portfolio is worth at least $41.3 million. This could be detrimental to a client during down markets. 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. Currently, their heaviest sector is Real Estate making up 53.2% of These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle 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. Firm performs side-by-side management with accounts that have differing fee structures. On February 14, Michael Burry filed his company's holdings report with the SEC. How do these benefits affect the firms selection of a broker-dealer partner? Michael Burry is head of Scion Asset Management. Michael Burry is Betting Everything on These 6 Stocks SCION ASSET MANAGEMENT, LLC | LinkedIn Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Red rows indicate closed positions. All rights reserved. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). The turnover rate is 70%. They manage When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. The stock is now traded at around $14.430000. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Note: We do not offer technical support for developing or debugging scripted downloading processes. Questions to ask * Reported Price is the price of the security as of the portfolio date. Scion Asset Management Review 2023 | investor.com EDGAR Filing Documents for 0001567619-21-015632 - SEC Relative to the previous quarter there was a little reshuffling of his holdings. Chase Coleman's: Tiger Global Management. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. Michael Burry of Scion Asset Management. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. [4] As a teenager, he attended Santa Teresa High School. The fund only has four clients. Firm can legally elect to accept commissions for their investment advisory services. : DE | Fiscal Year End: 1231. Currently tracking portfolios of 77 superinvestors. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. On this Wikipedia the language links are at the top of the page across from the article title. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. Portfolio value: $46M+ Period: 2022 Q4. The author may be long one or more stocks mentioned in this report. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their clients. 2023 Reink Media Group LLC. About Us - Scion Advisory Steven Cohen's: Point72 Asset Management. Please declare your traffic by updating your user agent to include company specific information. [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". 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. Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. What does this mean and why is it important? This is a low margin business in the first place, and so despite the company posting record revenues last year, it saw a decline in earnings. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Oils $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. 2015-2023 Fintel Ventures LLC. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Will anyone that was involved be involved with my accounts in any capacity? 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. , "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. Scion Asset Management, LLC's top holdings are How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? What's Michael Burry Been Buying Lately? - TipRanks.com The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Current Michael Burry Portfolio 2021 Q1 Update - New Trader U 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. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. and Performance. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Scion employs over 1,750 team members and has over $9 billion of assets under . For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. This relationship may introduce bias where a firm or related person recommends certain securities with which they are affiliated, rather than others that may have higher returns. 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. I was damned sure I was going to pay it off.. [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. Here's how we make money. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). All Scion Asset Management, LLC holdings are listed in the following tables. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. 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." 223.17% 10-Year Performance. What does this mean? He has warned a severe recession on several occasions over the last year. He looks for investments in undervalued companies with strong long-term prospects. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Scion Asset Management, LLC Holdings. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. SCION ASSET MANAGEMENT, LLC. A Self-Regulatory Organization has previously found the firm or an advisory affiliate responsible for having an investment-related business have its authorization to do business denied, suspended, or revoked. His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. This page was last edited on 1 February 2023, at 20:47 (UTC). The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. 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. Follow Tweet. . SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. 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. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. , Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. 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. Nevertheless, it is Dr. Burrys legendary plays prior to the Great Financial Crisis, and the massive returns that followed that pushed his name into the international spotlight. Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades Portfolio Gain +257.56%. The Scion Asset Management manager revealed the purchase of seven new , After attending medical school, Dr. Burry left to start his own hedge fund in 2000. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Burry even ended up selling 99% of his positions in 2022, including Alphabet (GOOGL) - Get Free Report, Warner Bros Discovery (WBD) - Get Free Report, and Meta (META) - Get Free Report, leaving only his position in GEO Group.
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