Growth has also been smooth for the company due to the recurring nature of its business model. 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. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. These positions were updated on November 14th based on the funds latest 13F filing. 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. Questions to ask Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Ranked #44 out of 483 Hedge Fund Managers. Is your firm affiliated with a law firm in any capacity? and U.S Market Open - Market Closes in 49M 55S. Scion Asset Management, LLC In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. 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. Is your firm a broker-dealer or are you affiliated with one? Currently, their heaviest sector is Real Estate making up 53.2% of In his words: All my stock picking is 100% based on the concept of a margin of safety.. At 06/30/2022: $3,309. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry The company has been growing rapidly over the past few years while retaining compelling profitability levels. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. [17], In an April 3, 2010 op-ed for The New York Times, Burry argued that anyone who studied the financial markets carefully in 2003, 2004 and 2005 could have recognized the growing risk in the subprime markets. 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. And we could be headed for another recession. [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. [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. , whose value fell approximately 0.1% in the past six months. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Dear Members of the Board, Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,000,000 shares, or about 2.21%, of GameStop, Inc. ("GameStop") common stock. The fund only has four clients. Scion Asset Management is headquartered in Saratoga, California. As a result, the company will soon be able to self-fund its growth and overall operations. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Keep reading this article to learn more about Scion Asset Management. 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. 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. [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". Portfolio value: $46M+ Period: 2022 Q4. Michael Burry is an American investor, and hedge fund manager. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. approximately 0.1% of the total holdings value. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Lets not forget that the student debt problem is built on a foundation of terrible major choices.Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America. The firm's asset exposure includes equities, derivatives, and fixed income instruments. 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. 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). 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. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Scion Asset Management General Information. What does this mean? What does this mean? 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 Holdings Heatmap . decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. 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. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. 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 . Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Questions to ask Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. Please see our General Disclaimers for more information. Will anyone that was involved be involved with my accounts in any capacity? What does this mean and why is this important? This arrangement creates a conflict where the firm and its representatives may be incentivized to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. Please send any feedback, corrections, or questions to support@suredividend.com. 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. Questions to ask Regulatory disclosures state that firm sells proprietary investments and products. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. [] More than 90% of the beds are located in the US. Please provide me a list of the products and a summary of how much your firm earns from them. Black Knight Inc (US:BKI) The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. 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. . Thanks for supporting the Wall Street Memes). 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. Here's what investors need to know about Michael Burry's long positions. 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. He has Rusyn ancestry. Our system found no disciplinary alerts. Burry has a strictly traditional understanding of value. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. Our partners compensate us through paid advertising. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. Our system has identified the following conflict alerts. 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: Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Questions to ask As a Certified B Corporation, our focus is simple: people before profits. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. 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. [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. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. The stock is now traded at around $14.430000. While this can be seen as "eating your own cooking," there are conflicts that may arise. What does this mean? Should I Hire a Financial Advisor or DIY It? Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Visit Site, Is this your firm? 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. 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). He looks for investments in undervalued companies with strong long-term prospects. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Currently tracking portfolios of 77 superinvestors. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. T. Black Knight offers blended software, data, and analytics solutions all over the globe. 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? Scion Asset Management Holdings Heatmap . Does your fim accept soft-dollar benefits? SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. What does this mean and why is it important? However, Dr. Burry has a much broader track record in the investing world. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Fintel is a registered trademark. "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. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Apply for Trusted badge. What does this mean and why is it important? Strategies arent specified: There isnt a lot of specificity provided . Yes or After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. JD.com, Inc. (US:JD) 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. 340.42% 1Y 3Y 5Y 10Y. By the end of 2004, he was managing $600 million and turning money away. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. 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." See the Top Performing Hedge-Funds > Michael Burry . 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. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. 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. 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 . In addition, the fund holds 5,000,000 shares of . [17] He subsequently liquidated his company to focus on his personal investments. There are currently 6 companies in Mr. Burry's portfolio. Scion's new purchases consist of . 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. All Scion Asset Management, LLC holdings are listed in the following tables. What does this mean? Here's what investors need to know about Michael Burry's long positions. SEC Form 13F Filing History. Dr. Burry 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. 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. 1001 and 1030). February 17, 2023. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. 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. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. 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. Others say the plan is too costly and burdensome on taxpayers. 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. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. , 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. All rights reserved. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . 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. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Alibaba is down 71% from its October 2020 peak. . (Disclaimers: this is not investment advice. 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. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. What conflicts arise from this relationship? 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 previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. 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. 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. Hedge Fund Manager. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Description. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. 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. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. A quarter of the portfolio is made up of consumer discretionary companies. On February 14, Michael Burry filed his company's holdings report with the SEC. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. While partners may pay to provide offers or be featured, e.g. . The hedge fund exited positions including Alphabet Inc. and Facebook . Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. Financial plans and investment portfolios are always unique to the client's personal financial situation. 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. By using this site, you are agreeing to security monitoring and auditing. So is Burry less bearish on the U.S. economy than he was last year? and $41.4 million and $41.2 million respectively. He has said, "Fresh, clean water cannot be taken for granted. Burry predicted, "Fed will cut and government will stimulate. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Scion Asset Management, LLC's new positions include Top 50 Scion Asset Management Holdings . Why has Burry, who is bearish on the . Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Scion Asset Management. How do we make money? Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. Reference ID: 0.35841402.1677949840.1dcfc4e. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Saratoga, CA 95070. These partnerships do not influence editorial content. After more than two years, on February 14, 2019, Scion Asset Management filed another 13F, showing Burry to hold numerous large-cap stocks and $103,528,000 13F assets under management, just above the threshold for filing. There are 3 companies that go by the name of Scion Asset Management, LLC. No. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. However, Burry is also known to take an approach that often contradicts what the broad market dictates. Bruce Berkowitz's: Fairholme Capital Management. [30], Burry is married, with children, and was living in Saratoga, California in 2010. Burry, whose successful bet against subprime mortgages were famously chronicled in the 2015 film The Big Short, delivered the dire forecast as the Supreme Court hears arguments this week on whether President Biden has the authority to cancel student debt. Scion was up 55%. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Address: 20665 4th Street Suite 201. Portfolio 9 Options 0 Performance. 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.
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