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. Why has Burry, who is bearish on the . Cassandra B.C. (@michaeljburry) / Twitter 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? Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. Performance. Burry predicted, "Fed will cut and government will stimulate. SEC Form 13F Filing History. He then left to start his own hedge fund. How many times did it occur? Top 50 Scion Asset Management Holdings . 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. Michael Burry is an American investor, and hedge fund manager. About Us - Scion Advisory Dr. Michael Burry Long Gamestop: Sends Letter to Board However, Burry is also known to take an approach that often contradicts what the broad market dictates. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Here's how we make money. 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. Michael Burry . $48.3 Million Total portoflio value. How does your firm approach insurance sales? GameStop Corp. 625 Westport Parkway. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! Burry was born and grew up in San Jose, California. Warren Buffett's: Berkshire Hathaway. What does this mean and why is it important? The author may be long one or more stocks mentioned in this report. Investor.com is your trustworthy guide to the world of personal finance. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. Competition has been eating the companys lunch for years, with Wolverine having a hard time sustaining its sales over the past decade, let alone growing them. Qurate Retail Inc makes up Scion Asset Management Fund Performance History & Annualized Return Scion has $638,901,404 assets under management (AUM). What does this mean and why is this important? 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. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. 66.7% of the portfolio companies He had already built a reputation as an investor at the time by exhibiting success in value investing. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Will His AI Plans Be Any Different? Questions to ask 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. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. What conflicts arise from this relationship? Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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? By using this site, you are agreeing to security monitoring and auditing. Saratoga, CA 95070. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. 0001567619-21-015632. He also urged investors to liquidate their stocks. 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. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Dr. Burry The stock is now traded at around $14.430000. Others say the plan is too costly and burdensome on taxpayers. Why doesnt your firm use a secure website? Here you can find the latest trades based on Burry's 13F filings and insider trades. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 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 misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Quickly find out what the most recently closed or increased positions are. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. 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. 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. SCION ASSET MANAGEMENT - The Economic Times 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. Latest Holdings, Performance, AUM (from 13F, 13D). Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Scion Announces Addition of 20,000 Beds to its Portfolio of Student JD.com, Inc. (US:JD) Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. We've received your submission. 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. The firm's website is not secure by modern internet standards. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. Scion Asset Management currently serves clients in the following states: CA, TN. Greenhaven Associates Updated 10 Jan 2023. Firm performs side-by-side management with accounts that have differing fee structures. Current Michael Burry Portfolio 2020 Update - New Trader U Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. He has said, "Fresh, clean water cannot be taken for granted. Saratoga, CA 95070. Burry's Scion Asset Management bought 2,355 put contracts against the red-hot tech ETF during the second quarter and held them through the end of the period. For the most up-to-date information, please view the applicable SEC and FINRA reports above. What does this mean? Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. 347 Followers. This could be detrimental to a client during down markets. [30], Burry is married, with children, and was living in Saratoga, California in 2010. What does this mean and why is this important? 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 . "[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. However, Dr. Burry has a much broader track record in the investing world. [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]. 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. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. He only looks for their undervalued elements, regardless of their sector and class. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. We know that he's recently bought big on Geo Group (), despite its less-than-stellar performance of late.However, his other picks might surprise you. Portfolio value: $46M+ Period: 2022 Q4. Chase Coleman's: Tiger Global Management. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. It is now the funds second-largest holding, accounting for 18.3% of its holdings. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. What does this mean and why is it important? To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. 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). Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. U.S Market Open - Market Closes in 49M 55S. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . Also, the article may contain affiliate links. Scion Asset Management LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech Read through our introductory course to financial advisors. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Portfolio manager(s) are listed as Michael Burry. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Questions to ask These conflicts can negatively impact clients via hidden fees and overall higher costs. When? Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. All rights reserved. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Charlie Munger - Daily Journal Corp. 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. 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. It charges an asset-based management fee that can be as high as 2% per year, while it may also take up to 20% of the value of the appreciation from each clients account. 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. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. 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. These companies are located in Dover DE, Madison WI, and Saratoga CA. What conflicts do I need to be made aware of? Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet 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. EXHIBIT C. July 28, 2019. 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 . The Scion Asset Management office and employees reside in Saratoga, California. Scion Asset Management, LLC operates as an investment firm. Precisely because he doesnt focus on a specific industry and because the essence of financial metrics shifts by industry and each companys place in the economic cycle, Dr. Burry utilizes the ratio of enterprise value (EV) to EBITDA when researching investment ideas. Verition Fund Management LLC increased its holdings in shares of ScION Tech Growth II (NASDAQ:SCOB - Get Rating) by 153.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). So is Burry less bearish on the U.S. economy than he was last year? Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. What does this mean? . Burry's Scion sold all Gamestop shares in Q4 before GME went Scion's new purchases consist of . This website is provided as is without any representations or warranties, express or implied. Our system found no disciplinary alerts. 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. Does your firm offer mutual funds that have 12b-1 fees? Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) The total portfolio value may be much higher due to cash Grapevine, TX 76051. Changes can be due to trades or changes in share prices. Top 10 Stocks Held By Scion Asset Management LLC 340.15% 5-Year Performance. Some firms receive these fees as payments, which creates an incentive to promote them. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. 2023 Reink Media Group LLC. Cathie Wood says Michael Burry doesn't understand innovation space Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Scion employs over 1,750 team members and has over $9 billion of assets under . Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History
