Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. Please provide me a list of the products and a summary of how much your firm earns from them. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades They manage Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. The turnover rate is 70%. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Scion Asset Management Holdings Heatmap . The firm may also use leverage and derivative strategies to increase the rate of client success. Visit Site, Is this your firm? Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. There are currently 6 companies in Mr. Burry's portfolio. Michael Burry reveals new stock bets after previously dumping entire [9] While off duty at night, he worked on his hobby: financial investing. 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. What does this mean? Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . 223.17% 10-Year Performance. At 06/30/2022: $3,309. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. It's worth noting that more than a third of Scion Asset Management's portfolio is now made up of companies in the industrial sector. Average metrics of all companies in portfolio . Burry has a strictly traditional understanding of value. Written by investor.com. Scion Asset Management, LLC The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Please send any feedback, corrections, or questions to support@suredividend.com. And we will have another inflation spike. . Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. What does this mean and why is it important? We have concerns regarding capital management at . Will His AI Plans Be Any Different? Michael Burry has been on a buying spree lately. has disclosed 9 total holdings in their latest SEC filings. Bruce Berkowitz's: Fairholme Capital Management. 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? Ranked #44 out of 483 Hedge Fund Managers. The Company serves clients in the United States. Regulatory disclosures state that firm sells proprietary investments and products. The S&P 500, widely regarded as the benchmark for the US market, 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. 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. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. . [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. We've received your submission. Questions to ask 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. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. , 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. Burry predicted Tesla stock would collapse like the housing bubble,[27] saying that "my last Big Short got bigger and Bigger and BIGGER" and taunted Tesla bulls to 'enjoy it while it lasts. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Michael Burry . Scion Asset Management 13F annual report (2023) | wallmine 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. tips_and_updates Financial Advisor Education. 1-Year Performance. Portfolio Gain +257.56%. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. 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 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. 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". Scion's new purchases consist of . Grapevine, TX 76051. Here's how we make money. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Cathie Wood says Michael Burry doesn't understand innovation space More than 90% of the beds are located in the US. 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. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Michael Burry is head of Scion Asset Management. 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. What does this mean? Scion Asset Management General Information. Some firms receive these fees as payments, which creates an incentive to promote them. Top 50 Scion Asset Management Holdings . According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. Follow Michael Burry and Buy GEO Stock | InvestorPlace Scion Asset Management's public equity portfolio is heavily concentrated. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. How does your firm approach insurance sales? Read through our introductory course to financial advisors. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. 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. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? About Us - Scion Advisory MGM Resorts International (US:MGM) Green rows indicate new positions. This is a low margin business in the first place, and so despite the company posting record revenues last year, it saw a decline in earnings. The majority of the companies in the funds portfolio are large-cap stocks. 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. What does this mean and why is it important? Does your firm perform side-by-side management? Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) Maintenance Technician Job in Minneota, MN at The Scion Group Firm performs side-by-side management with accounts that have differing fee structures. , Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. EDGAR Filing Documents for 0001567619-21-015632 - SEC "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. Why does your firm believe in offering commission-based services to clients? Michael Burry of Scion Asset Management. If you require advice in relation to any financial matter you should consult an appropriate professional. How many times did it occur? Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech 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). Operating as an online business, this site may be compensated through third party advertisers. Why Didn't the Fed? Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. Growth has also been smooth for the company due to the recurring nature of its business model. 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. Leadership - The Scion Group 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. Scion Asset Management, the firm of "The Big Short" investor Michael Burry, disclosed this week that during the fourth quarter of 2019, it closed its holding in Bed Bath & Beyond Inc. (NASDAQ:BBBY . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. The total portfolio value may be much higher due to cash 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. Saratoga, CA 95070. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. 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. It would appear that Burry is betting that China will rebound. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. 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. He quickly earned extraordinary profits for his investors. 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. SEC Form 13F Filing History. T. Black Knight offers blended software, data, and analytics solutions all over the globe. The Board of Directors. Why has Burry, who is bearish on the . Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. 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. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. $48.3 Million Total portoflio value. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Questions to ask 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. The investment fund's only holding now is The . 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. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. All Scion Asset Management, LLC holdings are listed in the following tables. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock 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. What does this mean? Scion Asset Management Fund Performance History & Annualized Return What does this mean and why is this important? Apply for Trusted badge. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. Upgrade to unlock premium data and export to Excel . [19] He has focused much of his attention on investing in water, gold, and farm land. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. WRITE REVIEW. Updated 05 Jan 2023. For further detail, see our articles on different types of advisors and financial advisor services. The investment fund also strengthened its position in Geo by buying Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. 66.7% of the portfolio companies 340.15% 5-Year Performance. Michael Burry warns of student loans forgiveness consequences Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. Data is sourced from 13D/13G, 13F, and N-Q filings. Burry's Scion sold all Gamestop shares in Q4 before GME went This form was filed on 2023-02-14 for the reporting period 2022-12-31. are based in the United States. He had already built a reputation as an investor at the time by exhibiting success in value investing. The current portfolio value is calculated to be $47.00 Mil. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. The portfolio's exposure to China is also thought-provoking. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). in 2008. 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 . [5][6][7], He studied economics and pre-med at the University of California, Los Angeles, earned an MD degree from the Vanderbilt University School of Medicine,[6] and started but did not finish his residency[8] in pathology at Stanford University Medical Center. U.S Market Open - Market Closes in 49M 55S. Cassandra B.C. (@michaeljburry) / Twitter Scion Asset Management Review 2023 | investor.com SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Questions to ask This website is provided as is without any representations or warranties, express or implied. Home - sciens water approximately 0.1% of the total holdings value. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Link to 13F filings: SEC filings. : 000000000 | State of Incorp. 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. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Michael Burry Portfolio and News | GuruFocus The companys vast portfolio of products includes optical and electro-optical components and materials, fiber lasers, infrared optical components, and high-precision optical assemblies, amongst others. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. On this Wikipedia the language links are at the top of the page across from the article title. Stocks with a size of more than $10 billion in market cap make up Bill Ackman's: Pershing Square Capital Management. What percentage of income does your firm receive from fees versus commissions? This could also limit the number and diversity of investment options available and may impact their transferability. 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 . The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. 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. See how we calculate 13F filing performance here. What does this mean and why is it important? Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. Firm or an affiliate actively engages in business as a law firm or lawyer. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Chase Coleman's: Tiger Global Management. 347 Followers. 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. Which securities does your firm trade for itself that it will also be recommending to me? Ray Dalio's: Bridgewater Associates. 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. Does your firm offer mutual funds that have 12b-1 fees? Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". 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Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. The fund only has four clients. Nevertheless, it is Dr. Burrys legendary plays prior to the Great Financial Crisis, and the massive returns that followed that pushed his name into the international spotlight. Questions to ask 18951. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. There are 3 companies that go by the name of Scion Asset Management, LLC. Questions to ask While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Address: 20665 4th Street Suite 201. * Reported Price is the price of the security as of the portfolio date. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. What does this mean and why is it important? Any data inaccuracies, please contact our team. Firm's/Financial Professional's investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding!
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