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Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-12-31. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. The firm prefers to employ long/short, market neutral, and activist strategies. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. Here's what investors need to know about Michael Burry's long positions. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Scion Asset Management, LLC's new positions include Follow Tweet. Since Jun 2013. 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. Investors following the companys 13F filings over the last 3 years (from mid-February 2020 through mid-February 2023) would have generated annualized total returns of 51.4%. Our partners compensate us through paid advertising. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. The investment fund's only holding now is The . The impact to a portfolio due to this purchase was 0.65%. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). How does your firm approach insurance sales? Heejin Kim and Myungshin Cho (29 August 2019). These conflicts can negatively impact clients via hidden fees and overall higher costs. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. Profitability has also been weak. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Any data inaccuracies, please contact our team. It is now the funds third-largest holding, accounting for 12.8% of its holdings. He quickly earned extraordinary profits for his investors. For further detail, see our articles on different types of advisors and financial advisor services. 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. What does this mean? 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. For more information, contact opendata@sec.gov. Read through our introductory course to financial advisors. By using this site, you are agreeing to security monitoring and auditing. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Quickly find out what the most recently closed or increased positions are. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. In total, Scion Asset Management manages $291.7 million in assets. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. 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. As a result, the company will soon be able to self-fund its growth and overall operations. Please see our General Disclaimers for more information. Alibaba is down 71% from its October 2020 peak. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. Black Knight Inc (US:BKI) Will any of my assets be invested in those products? Written by investor.com. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. 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. 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. 0001567619-21-015632. And JD.com is in a similar situation, being 57% below its peak in February 2021. All rights reserved. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. While this can be seen as "eating your own cooking," there are conflicts that may arise. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which [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. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). We have concerns regarding capital management at . 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. See the Top Performing Hedge-Funds > Michael Burry . In addition, the fund holds 5,000,000 shares of . . 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. 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). Keep reading this article to learn more about Scion Asset Management. Please send any feedback, corrections, or questions to support@suredividend.com. What does this mean? SCION ASSET MANAGEMENT, LLC. (Disclaimers: this is not investment advice. Scion Asset Management, LLC Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. What does this mean? Ultimately, Burrys analysis proved right. [9] While off duty at night, he worked on his hobby: financial investing. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. What does this mean? The Form 13F report requires disclosure of the manager that files the report, the name and class of the security, the CUSIP number, the number of . What does this mean? As a Certified B Corporation, our focus is simple: people before profits. Operating as an online business, this site may be compensated through third party advertisers. Follow Tweet. 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 and why is it important? Michael Burry recently added seven new stocks to his hedge fund, Scion Asset Management, including Chinese e-commerce companies Alibaba and JD.com and technology firm Black Knight. 1-Year Performance. There are currently 6 companies in Mr. Burrys portfolio. 408-441-8400 ", "Why Is Michael Burry Investing In Water? Does your firm offer mutual funds that have 12b-1 fees? Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. tips_and_updates Financial Advisor Education. 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. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. As of 7th November 2022, Scion Asset Managements top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. 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. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. While partners may pay to provide offers or be featured, e.g. It is now the funds second-largest holding, accounting for 18.3% of its holdings. Portfolio manager(s) are listed as Michael Burry. Burry was born and grew up in San Jose, California. He then left to start his own hedge fund. Scion Asset Management also says it works to provide clients with a diverse mix of portfolio opportunities it believes will increase their chances of investment success. Saratoga, CA 95070. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. 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. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. This could also limit the number and diversity of investment options available and may impact their transferability. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. Scion has $638,901,404 assets under management (AUM). Does your fim accept soft-dollar benefits? Does the firm offer products that have performance-based fees, or does it accept performance-based fees? 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. 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. What does this mean? [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). 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. , , whose value fell approximately 0.1% in the past six months. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. 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. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. 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. SkyWest, Inc. (US:SKYW) 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. and The fund focuses on investments in the United States as [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. I cover the recent 13F filings and the logic behind Michael Burry's po. Most recent portfolio value is calculated to be $ 46,536,925 USD. , Is your firm a broker-dealer or are you affiliated with one? That would put the U.S. in a recession under "any definition.". Michael Burry . 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. 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. The portfolio's exposure to China is also thought-provoking. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. 223.17% 10-Year Performance. , What does this mean and why is it important? For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. What does this mean? Saratoga, CA 95070. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. $48.3 Million Total portoflio value. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. Link to 13F filings: SEC filings. Bloomberg via Getty Images. Burry has a strictly traditional understanding of value. 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, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. What does this mean and why is it important? 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: In response, Alibaba has been repurchasing stock in bulk. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. Firm can legally elect to accept commissions for their investment advisory services. What percentage of income does your firm receive from fees versus commissions? [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. And it is notwater is political, and litigious. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Filing Date. Scion Asset Management General Information. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. The total portfolio value may be much higher due to cash Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Steven Cohen's: Point72 Asset Management. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. What does this mean? Reference ID: 0.35841402.1677949840.1dcfc4e. 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. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. Our system found no disciplinary alerts. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. Questions to ask 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. For example, front-running is when a financial professional buys or sell securities ahead of their client. A good way to understand Burry's thinking and Scion Asset Management's . 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. He only looks for their undervalued elements, regardless of their sector and class. MGM Resorts International (US:MGM) 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. SEC Form 13F Filing History. approximately 0.1% of the total holdings value. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . What happened? All requests for updated information should also be reported directly to the SEC and/or FINRA. Portfolio manager(s) are listed as Michael Burry. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. What does this mean? 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. Fintel is a registered trademark. Regulatory disclosures state that firm sells proprietary investments and products. Published on February 27th, 2023 by Nikolaos Sismanis. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. Geo dropped approximately 0.1% in the past year. Here's what investors need to know about Michael Burry's long positions. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. [17] He subsequently liquidated his company to focus on his personal investments. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Top 50 Scion Asset Management Holdings . Burry followed up his warning by detailing his own experience with student debt. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. [4] As a teenager, he attended Santa Teresa High School. 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. 2021-08-16. . 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. Updated 05 Jan 2023. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. 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. The portfolio is made up of a total of 102 facilities, including 82,000 beds. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. On February 14, Michael Burry filed his company's holdings report with the SEC. What does this mean and why is this important? Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. These companies are located in Dover DE, Madison WI, and Saratoga CA. 0001567619-21-010281.txt. Scion Capital returned 489.34% (net of fees and expenses) between November 1, 2000 and June 2008 compared to 3% total return from S&P 500 during the same time frame. "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. 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. Average metrics of all companies in portfolio . Greenhaven Associates Updated 10 Jan 2023. Stocks and cryptocurrency portfolio tracker. The holding were 650,000 shares as of 2021-03-31. . While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. 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 . 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. 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. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Scion Asset Management Holdings Heatmap . The author may be long one or more stocks mentioned in this report. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? 20665 4th Street, Suite 201. : DE | Fiscal Year End: 1231. These filings are called "notice filings". How do these benefits affect the firms selection of a broker-dealer partner? Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. 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. [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. 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 . A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. 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. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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.