12.25% 3-Year Performance. 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. DATAROMA Superinvestors Portfolio Holdings Ranked #44 out of 483 Hedge Fund Managers. Questions to ask Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. These conflicts can negatively impact clients via hidden fees and overall higher costs. Our system has identified the following conflict alerts. For example, front-running is when a financial professional buys or sell securities ahead of their client. Here's what investors need to know about Michael Burry's long positions. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. Geo dropped approximately 0.1% in the past year. The Scion Group is the largest owner/operator of off-campus student housing communities globally. [17] He subsequently liquidated his company to focus on his personal investments. The Scion Asset Management office and employees reside in Saratoga, California. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. See the Top Performing Hedge-Funds > Michael Burry . 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. , Note: 13F filing performance is different than fund performance. 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. He only looks for their undervalued elements, regardless of their sector and class. 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. [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. 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. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Scion has $638,901,404 assets under management (AUM). In total, Scion Asset Management manages $291.7 million in assets. Warren Buffett's: Berkshire Hathaway. Checks take place monthly. Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA "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. Chase Coleman's: Tiger Global Management. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. He also believes that he expects growth in the consumer price index (CPI) to come down and be possibly negative in the second half of 2023. I was damned sure I was going to pay it off.. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Michael Burry warns of student loans forgiveness consequences What does this mean and why is it important? Black Knight Inc (US:BKI) What does this mean? The Company serves clients in the United States. Michael Burry's Scion Asset Management Buys 5 Stocks in the - Yahoo! [4] As a teenager, he attended Santa Teresa High School. Scion employs over 1,750 team members and has over $9 billion of assets under . Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. He looks for investments in undervalued companies with strong long-term prospects. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. What's Michael Burry Been Buying Lately? - TipRanks.com With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. 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. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. Burry was born and grew up in San Jose, California. "[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. On the other hand, small-cap stocks make up only approximately 0.1% of the 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. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. EDGAR Filing Documents for 0001567619-21-015632 - SEC As a Certified B Corporation, our focus is simple: people before profits. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. 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. 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 . documented the history and events leading up to his contrarian but hugely successful bet against the real estate market Currently, their heaviest sector is Real Estate making up 53.2% of Financial plans and investment portfolios are always unique to the client's personal financial situation. 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. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. Thank you for your interest in the U.S. Securities and Exchange Commission. approximately 0.1% of the total holdings value. 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. The holding were 650,000 shares as of 2021-03-31. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. Scion Asset Management Review. Quickly find out what the most recently closed or increased positions are. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). What does this mean? Does your fim accept soft-dollar benefits? Some firms receive these fees as payments, which creates an incentive to promote them. Since Jun 2013. Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and . 100.0% SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com The fund's top five holdings, which we analyze below, account for 72.2% of its total public . At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. Michael Burry - Wikipedia SCION ASSET MANAGEMENT, LLC | LinkedIn 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. 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? 'Big Short' fund manager Burry dumps portfolio, buys prison stock EDGAR Filing Documents for 0001567619-21-010281 - SEC The portfolio is made up of a total of 102 facilities, including 82,000 beds. He has Rusyn ancestry. Our partners compensate us through paid advertising. The advisory also believes in using fundamental analysis methods to assess . Michael Burry of Scion Asset Management. You can download an Excel spreadsheet with metrics that matter of Scion Asset Managements current 13F equity holdings below: Click here to instantly download your free spreadsheet of all Scion Asset Management / Michael Burry holdings now, along with important investing metrics. 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. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. As a result, the company will soon be able to self-fund its growth and overall operations. SCION ASSET MANAGEMENT, LLC. This could be detrimental to a client during down markets. While this can be seen as "eating your own cooking," there are conflicts that may arise. Fintel is a registered trademark. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. 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. 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. Bill Ackman's: Pershing Square Capital Management. 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. We reserve the right to block IP addresses that submit excessive requests. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. What does this mean and why is this important? The GEO Group Inc (US:GEO) Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) Scion Asset Management - Michael Burry - Insider Monkey Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. 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. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Keep reading this article to learn more about Scion Asset Management. Common Stock (US:US19247G1076) Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Scion Asset Management, LLC Bu - GuruFocus.com Green rows indicate new positions. What does this mean? The turnover rate is 70%. 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. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Performance. Figure 1:What to Know About Michael "Big Short" Burry's Latest Stock Purchase, Read also: GameStop Stock: What the SEC Says About Direct Registration. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. 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. Investor.com is your trustworthy guide to the world of personal finance. Alibaba is down 71% from its October 2020 peak. These partnerships do not influence editorial content. DATAROMA Invest Alongside Superinvestors In January, Burry made predictions for an economic downturn in 2023. , The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. On this Wikipedia the language links are at the top of the page across from the article title. Will any of my assets be invested in those products? According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. A regulatory agency other than 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 shed light on his bet against Tesla in a regulatory filing on Monday. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. [6], According to his website, Burry liquidated his credit default swap short positions by April 2008 and did not benefit from the bailouts of 2008 and 2009. 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. IAPD - Investment Adviser Public Disclosure - Homepage Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. 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). Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. 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. Which securities does your firm trade for itself that it will also be recommending to me? As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . The fund focuses on investments in the United States as decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Portfolio value: $46M+ Period: 2022 Q4. 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. Any data inaccuracies, please contact our team. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Leadership - The Scion Group Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. 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. 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. Burry's Scion Asset Management said in a regulatory filing in mid-May it had put options on 800,100 Tesla shares as of the end of the first quarter. The total portfolio value may be much higher due to cash How does your firm approach insurance sales? Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. The Form 13F report requires disclosure of the manager that files the report, the name and class of the security, the CUSIP number, the number of . The Scion Asset Management manager revealed the purchase of seven new
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