And we will have another inflation spike. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. 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 had already built a reputation as an investor at the time by exhibiting success in value investing. I was damned sure I was going to pay it off.. Scion Asset Management General Information. Questions to ask Ranked #44 out of 483 Hedge Fund Managers. The turnover rate is 70%. Burry has a strictly traditional understanding of value. are based in the United States. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. 20665 4th Street, Suite 201. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. The advisory also believes in using fundamental analysis methods to assess . The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. ", "Why Is Michael Burry Investing In Water? Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. It's not hard.". Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet The investment fund's only holding now is The . John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. : 000000000 | State of Incorp. 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 . $41.4 million and $41.2 million respectively. "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. . '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. A quarter of the portfolio is made up of consumer discretionary companies. 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. Hedge Fund Manager. These partnerships do not influence editorial content. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. 223.17% 10-Year Performance. And it is notwater is political, and litigious. These companies are located in Dover DE, Madison WI, and Saratoga CA. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. 340.42% 1Y 3Y 5Y 10Y. Will any of my assets be invested in those products? 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla Here's how we make money. It is now the funds second-largest holding, accounting for 18.3% of its holdings. 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. 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. Red rows indicate closed positions. And JD.com is in a similar situation, being 57% below its peak in February 2021. 2021-08-16. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. While partners may pay to provide offers or be featured, e.g. Qualified participating firms must abide by investor.com Certification program's terms and conditions when utilizing an awarded "Trusted by investor.com" badge, as well as in connection with permitted enhancements to the firm's investor.com profile page. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. 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. "[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. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. What does this mean and why is it important? 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 . February 17, 2023. How does your firm approach insurance sales? SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. 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. 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. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Alibaba is down 71% from its October 2020 peak. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . 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. [19] He has focused much of his attention on investing in water, gold, and farm land. 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. He also urged investors to liquidate their stocks. However, Dr. Burry has a much broader track record in the investing world. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. The stock is now traded at around $14.430000. This value is significant in that it is the last known price at which the security was still held. What does this mean? Michael Burry is an American investor, and hedge fund manager. That would put the U.S. in a recession under "any definition.". Terms of Use | Disclaimers | Privacy Policy. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. 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. Why does your firm believe in offering commission-based services to clients? Please provide me a list of the products and a summary of how much your firm earns from them. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. * Reported Price is the price of the security as of the portfolio date. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Heejin Kim and Myungshin Cho (29 August 2019). Also, the article may contain affiliate links. 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. EDGAR Filing Documents for 0001567619-21-015632 - SEC Nothing on this website constitutes, or is meant to constitute, advice of any kind. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? What does this mean? Questions to ask The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. , What does this mean? As a result, we do not support personal reviews on the site. Regulatory disclosures state that firm sells proprietary investments and products. 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. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. Scion Asset Management 13F annual report (2023) | wallmine These positions were updated on November 14th based on the funds latest 13F filing. Questions to ask Visit Site, Is this your firm? The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . What does this mean and why is it important? Scion Asset Management, LLC Holdings. 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. 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. The Scion Asset Management office and employees reside in Saratoga, California. As a result, the company will soon be able to self-fund its growth and overall operations. He became famous when he was played by Christian Bale in the blockbuster movie 'The Big Short' based on the best selling book by author Michael Lewis.Dr. 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. Alibaba Group Holding Limited ADR (US:BABA) 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. Geo dropped approximately 0.1% in the past year. Scion Asset Management, LLC's new positions include Burry's Scion sold all Gamestop shares in Q4 before GME went Others say the plan is too costly and burdensome on taxpayers. Scion Asset Management, LLC Bu - GuruFocus.com Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Firm or an affiliate actively engages in business as a law firm or lawyer. Relative to the previous quarter there was a little reshuffling of his holdings. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. [] It would appear that Burry is betting that China will rebound. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Musk Made a Mess at Twitter. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. $48.3 Million Total portoflio value. , 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. 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. Scion Asset Management, LLC - Filing History - Michael Burry - Fintel Scion Asset Management Fund Performance History & Annualized Return Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. Scion Asset Management. 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. Common Stock (US:US19247G1076) Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Questions to ask When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. 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). JD.com, Inc. (US:JD) It is now the funds third-largest holding, accounting for 12.8% of its holdings. 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 . [14][15][16], During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. He is best known for being amongst the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. Dr. Burry Michael Burry has been on a buying spree lately. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Portfolio Gain +257.56%. These filings are called "notice filings". 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 . 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. The majority of the companies in the funds portfolio are large-cap stocks. The fund has around $291.7 million in assets under management (AUM), $41.3 million of which is allocated to the firms public equity portfolio. What does this mean and why is it important? All rights reserved. Form 13F is required to be filed within 45 days of the end of a calendar quarter. No. 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. Portfolio value: $46M+ Period: 2022 Q4. Some firms receive these fees as payments, which creates an incentive to promote them. Greenhaven Associates Updated 10 Jan 2023. Steven Cohen's: Point72 Asset Management. Home - sciens water Average metrics of all companies in portfolio . This form was filed on 2023-02-14 for the reporting period 2022-12-31. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. 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. The third-largest holding is CoreCivic Inc worth $6.41 million and the next is Aerojet Rocketdyne Inc worth $5.3 million, with 132,561 shares owned. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Scion Asset Management, LLC

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