Will anyone that was involved be involved with my accounts in any capacity? WRITE REVIEW. The majority of the companies in the funds portfolio are large-cap stocks. (Disclaimers: this is not investment advice. The investment fund's only holding now is The . Firm or an affiliate actively engages in business as a law firm or lawyer. Questions to ask . Terms of Use | Disclaimers | Privacy Policy. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. How do we make money? Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! [4] As a teenager, he attended Santa Teresa High School. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. "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. Michael Burry has been on a buying spree lately. He quickly earned extraordinary profits for his investors. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. T. Black Knight offers blended software, data, and analytics solutions all over the globe. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. 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. The hedge fund exited positions including Alphabet Inc. and Facebook . Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. 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 . Performance. , Portfolio Gain +257.56%. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. The author may be long one or more stocks mentioned in this report. These filings are called "notice filings". The firm's website is not secure by modern internet standards. 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. These partnerships do not influence editorial content. 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. Michael Burry is an American investor, and hedge fund manager. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in Scion Asset Management feels strongly about Neophotonics Corp and that is the reason they have added about 300000 shares of the firm to their fund. Scion Asset Management Holdings Heatmap . Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. It is now the funds second-largest holding, accounting for 18.3% of its holdings. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. 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. 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. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. For more information, contact opendata@sec.gov. Latest Holdings, Performance, AUM (from 13F, 13D). Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. 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 S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. 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. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. What does this mean and why is it important? Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Geo dropped approximately 0.1% in the past year. That would put the U.S. in a recession under "any definition.". 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. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. 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. In addition, the fund holds 5,000,000 shares of . He then left to start his own hedge fund. 20665 4th Street, Suite 201. Charlie Munger - Daily Journal Corp. We have concerns regarding capital management at . Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. However, Burry is also known to take an approach that often contradicts what the broad market dictates. How does your firm mitigate them? Address: 20665 4th Street Suite 201. Ray Dalio's: Bridgewater Associates. Quickly find out what the most recently closed or increased positions are. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. JD.com, Inc. (US:JD) Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. 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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: Financial plans and investment portfolios are always unique to the client's personal financial situation. [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". Investors profit from puts when the . Wolverine World Wide, Inc. (US:WWW) Michael Burry is head of Scion Asset Management. 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. 340.42% 1Y 3Y 5Y 10Y. In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. 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. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. All rights reserved. What does this mean and why is this important? A good way to understand Burry's thinking and Scion Asset Management's . The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. The GEO Group is a specialty REIT that owns, operates, and manages correctional, detention, and reentry facilities in the US, UK, South Africa, and Australia. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. If you require advice in relation to any financial matter you should consult an appropriate professional. Published on February 27th, 2023 by Nikolaos Sismanis. 0001567619-21-010281.txt. 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. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. the total portfolio value. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. The firm's asset exposure includes equities, derivatives, and fixed income instruments. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. 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". CUPERTINO, Calif.--(BUSINESS WIRE)--On August 16 th, Scion Asset Management sent a letter to the Board of Directors of GameStop Corp. urging the Board to direct the full execution of its March 4 . assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. According to the latest 13F filing from famed investor Michael J. Burry's Scion Asset Management, the hedge fund has added seven new stocks to its portfolio. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Grapevine, TX 76051. Questions to ask The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. We use the change in the portfolio allocation because this is the most meaningful metric. Upgrade to unlock premium data and export to Excel . Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Top 50 Scion Asset Management Holdings . Based in Saratoga, Calif., Scion has just six employees, two of whom . What does this mean? 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. Black Knight Inc (US:BKI) How many times did it occur? 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. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. 1-Year Performance. The company has been growing rapidly over the past few years while retaining compelling profitability levels. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. All requests for updated information should also be reported directly to the SEC and/or FINRA. 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 . While partners may pay to provide offers or be featured, e.g. This page was last edited on 1 February 2023, at 20:47 (UTC). The investment fund also strengthened its position in Geo by buying Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. GameStop Corp. 625 Westport Parkway. 2015-2023 Fintel Ventures LLC. Michael Burry of Scion Asset Management. Scion Asset Management, LLC Holdings. [17] He subsequently liquidated his company to focus on his personal investments. Scion Asset Management currently serves clients in the following states: CA, TN. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Strategies arent specified: There isnt a lot of specificity provided . There are currently 6 companies in Mr. Burry's portfolio. By using this site, you are agreeing to security monitoring and auditing. Yes or For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". Here you can find the latest trades based on Burry's 13F filings and insider trades. What does this mean? He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. [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]. 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. 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. This means they effectively own 0.6% of the company. This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. And JD.com is in a similar situation, being 57% below its peak in February 2021. He looks for investments in undervalued companies with strong long-term prospects. [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. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. 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. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. 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. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. The companys operating segments include Active Group, Work Group, and Lifestyle Group, which individually focus anywhere from casual footwear and apparel to industrial work boots and apparel. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Most recent portfolio value is calculated to be $ 46,536,925 USD. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. He also urged investors to liquidate their stocks. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Questions to ask The fund only has four clients. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which [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. 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. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. 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. SEC Form 13F Filing History. Founded in 2018 as an unbiased resource empowering consumers to research and compare financial advisory firms, investor.com today gives consumers the tools to make smart money decisions about credit, retirement planning, and more. 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. What does this mean? ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Questions to ask '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which documented the history and events leading up to his contrarian but hugely successful bet against the real estate market in 2008. This could be detrimental to a client during down markets. 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. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. 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