[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. What does this mean? Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. 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. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Scion Asset Management, LLC Holdings. What does this mean and why is it important? Louis Bacon's: Moore Capital Management. The Company serves clients in the United States. 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. MGM Resorts International (US:MGM) Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Saratoga, CA 95070. While this can be seen as "eating your own cooking," there are conflicts that may arise. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. 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. , whose value fell approximately 0.1% in the past six months. February 17, 2023. Yes or Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Here you can find the latest trades based on Burry's 13F filings and insider trades. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Financial plans and investment portfolios are always unique to the client's personal financial situation. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Warren Buffett's: Berkshire Hathaway. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). What does this mean? : DE | Fiscal Year End: 1231. 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. 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. Point72 Asset Management . Qurate Retail Inc makes up I was damned sure I was going to pay it off.. He has said, "Fresh, clean water cannot be taken for granted. What conflicts arise from this relationship? Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. What does this mean and why is it important? Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. What does this mean and why is it important? Scion Asset Management Holdings Heatmap . 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. See the Top Performing Hedge-Funds > Michael Burry . The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. 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. Latest Holdings, Performance, AUM (from 13F, 13D). , 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 company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. 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. 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. 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. Average metrics of all companies in portfolio . 1,517,790 additional shares. 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. and The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. He had already developed a reputation as an investor by demonstrating success in value investing, which he wrote about on message boards on the stock discussion site Silicon Investor beginning in 1996. Note: 13F filing performance is different than fund performance. These partnerships do not influence editorial content. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. 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. [4] As a teenager, he attended Santa Teresa High School. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. 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". 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. By using this site, you are agreeing to security monitoring and auditing. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. FINRA data last verified February 17, 2023. There are 3 companies that go by the name of Scion Asset Management, LLC. 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 . [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. . What does this mean? Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Most recent portfolio value is calculated to be $ 46,536,925 USD. In total, Scion Asset Management manages $291.7 million in assets. 0001567619-21-015632. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. Published on February 27th, 2023 by Nikolaos Sismanis. Questions to ask 0001567619-21-010281.txt. 2021-08-16. [18][16], In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser (ERA) active in the state of California and approved by the SEC. Our Methodology. 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. A quarter of the portfolio is made up of consumer discretionary companies. 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. , Questions to ask 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. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! The investing legend was one of the first people to recognize the massive risk in the pre-2007 sub-prime real estate market the then unknown money manager bet over $1 billion that sub-prime would implode. He looks for investments in undervalued companies with strong long-term prospects. Heejin Kim and Myungshin Cho (29 August 2019). 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. He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt. , Is your firm a broker-dealer or are you affiliated with one? Scion's new purchases consist of . 340.42% 1Y 3Y 5Y 10Y. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . . 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. The stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. 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 . 12.25% 3-Year Performance. Currently tracking portfolios of 77 superinvestors. 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. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. While partners may pay to provide offers or be featured, e.g. They manage , This value is significant in that it is the last known price at which the security was still held. By Steve Burns. 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. What does this mean? Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Click the link icon to see the full transaction history. Questions to ask Portfolio 9 Options 0 Performance. Questions to ask Form 13F is required to be filed within 45 days of the end of a calendar quarter. Some firms receive these fees as payments, which creates an incentive to promote them. 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. , Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. We have concerns regarding capital management at . Apply for Trusted badge. That said, the company has navigated these challenges quite competently, which, combined with its deep-value characteristics, explained why Dr. Burry has bet heavily on The GEO Group. Address: 20665 4th Street Suite 201. 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 . Scion Asset Management General Information. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. 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. 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. Reference ID: 0.35841402.1677949840.1dcfc4e. Green rows indicate new positions. 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? The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. However, Burry is also known to take an approach that often contradicts what the broad market dictates. Michael Burry of Scion Asset Management. Our system has identified the following conflict alerts. Black Knight Inc (US:BKI) 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. Scion Asset Managements portfolio is diversified across 5 sectors. 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. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . And it is notwater is political, and litigious. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Scion Asset Management Q4 '22 Top Holdings (Author Spreadsheet 13F Data) Largely unrelated to one's personal attitude or opinion of Michael Burry, there are few 13F's in the industry that are more . Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? * Reported Price is the price of the security as of the portfolio date. 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). See how we calculate 13F filing performance here, Scion Asset Management / Michael Burry holdings now, Scion Asset Managements Fund Manager, Michael Burry, Scion Asset Managements Investment Philosophy & Strategy, Scion Asset Managements Noteworthy Portfolio Changes, Scion Asset Managements Portfolio All 9 Public Equity Investments, 20 Highest Yielding Monthly Dividend Stocks, Liberty Latin America Ltd Class C (LILAK). Here's how we make money. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. 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. Scion Asset Management currently serves clients in the following states: CA, TN. 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." Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. And we will have another inflation spike. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. The portfolio is made up of a total of 102 facilities, including 82,000 beds. 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. Michael Burry is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. has disclosed 9 total holdings in their latest SEC filings. What does this mean and why is this important? What does this mean? Scion Asset Management 13F annual report. The firm prefers to employ long/short, market neutral, and activist strategies. Burry has a strictly traditional understanding of value. 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. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. What does this mean and why is it important? It would appear that Burry is betting that China will rebound. 408-441-8400 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. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. [19] He has focused much of his attention on investing in water, gold, and farm land. Why doesnt your firm use a secure website? Questions to ask 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. Why has Burry, who is bearish on the . Profitability has also been weak. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. Quickly find out what the most recently closed or increased positions are. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. 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. approximately 0.1% of the total holdings value. The Board of Directors. Based in Saratoga, Calif., Scion has just six employees, two of whom . The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Since Jun 2013. 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. 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 . I cover the recent 13F filings and the logic behind Michael Burry's po. What does this mean? Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. 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. Questions to ask And JD.com is in a similar situation, being 57% below its peak in February 2021. 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. He had already built a reputation as an investor at the time by exhibiting success in value investing. Bruce Berkowitz's: Fairholme Capital Management. Researcher and operations manager at DM Martins Research. The turnover rate is 70%. A good way to understand Burry's thinking and Scion Asset Management's . [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. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. , What does this mean and why is it important? He quickly earned extraordinary profits for his investors. [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". The firm's website is not secure by modern internet standards. Stocks with a size of more than $10 billion in market cap make up Will anyone that was involved be involved with my accounts in any capacity? Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. 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. As of 7th November 2022, Scion Asset Management's top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in 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. 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). Firm or related person receives soft-dollar benefits in connection with client securities transactions. Fintel is a registered trademark. Read through our introductory course to financial advisors. It is now the funds third-largest holding, accounting for 12.8% of its holdings. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities.
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