Financial plans and investment portfolios are always unique to the client's personal financial situation. Questions to ask Chase Coleman's: Tiger Global Management. Grapevine, TX 76051. Michael Burry is head of Scion Asset Management. 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. It is now the funds second-largest holding, accounting for 18.3% of its holdings. 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. While partners may pay to provide offers or be featured, e.g. How do these benefits affect the firms selection of a broker-dealer partner? Black Knight Inc (US:BKI) Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. These partnerships do not influence editorial content. The portfolio is made up of a total of 102 facilities, including 82,000 beds. This form was filed on 2023-02-14 for the reporting period 2022-12-31. These filings are called "notice filings". Filing Date. 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. The hedge fund exited positions including Alphabet Inc. and Facebook . 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. 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. What does this mean and why is it important? Scion Asset Management, LLC operates as an investment firm. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Relative to the previous quarter there was a little reshuffling of his holdings. 2015-2023 Fintel Ventures LLC. Eventually Burry closed his fund and retired. Which securities does your firm trade for itself that it will also be recommending to me? 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 . Execute maintenance objectives and daily assignments with the Facilities Supervisor. This value is significant in that it is the last known price at which the security was still held. 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. 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. 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. The firm's asset exposure includes equities, derivatives, and fixed income instruments. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. 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. Written by investor.com. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). 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. [9], Despite not practicing, Burry has kept his license as a physician active with the Medical Board of California, including continuing education requirements.[10][11]. Ranked #44 out of 483 Hedge Fund Managers. Heejin Kim and Myungshin Cho (29 August 2019). Average metrics of all companies in portfolio . What does this mean and why is this important? Saratoga, CA 95070. Red rows indicate closed positions. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. 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. How does your firm approach insurance sales? 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 . 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. The portfolio's exposure to China is also thought-provoking. EDGAR Filing Documents for 0001567619-21-015632 - SEC Hedge Fund and Insider Trading News: Michael Burry, Bridgewater Salesforce CEO Marc Benioff sounds the alarm on recession - with shades 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." Scion Asset Management, LLC Bu - GuruFocus.com 0001567619-21-015632. Visit Site, Is this your firm? 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. Our system has identified the following conflict alerts. This could be detrimental to a client during down markets. 18951. 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. Any data inaccuracies, please contact our team. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Common Stock (US:US19247G1076) What does this mean? Is your firm a broker-dealer or are you affiliated with one? the total portfolio value. Why does your firm believe in offering commission-based services to clients? Scion Asset Management Review - MagnifyMoney 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. Questions to ask In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. What does this mean? Current Michael Burry Portfolio 2020 Update - New Trader U 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). Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Will His AI Plans Be Any Different? 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. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. Portfolio manager(s) are listed as Michael Burry. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. The GEO Group Inc (US:GEO) 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 . Burry predicted, "Fed will cut and government will stimulate. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. The Company serves clients in the United States. 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. 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. 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 . Our Methodology. Green rows indicate new positions. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. For more information, please see the SECs Web Site Privacy and Security Policy. Questions to ask What does this mean? Scion Asset Management LLC - Company Profile and News What does this mean? The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. What does this mean and why is it important? 66.7% of the portfolio companies 340.15% 5-Year Performance. 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. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. We have concerns regarding capital management at . In total, Scion Asset Management manages $291.7 million in assets. David Einhorn's: Greenlight Capital. There are currently 6 companies in Mr. Burrys portfolio. 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 . Portfolio manager(s) are listed as Michael Burry. Investor.com is your trustworthy guide to the world of personal finance. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Questions to ask Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) Scion Asset Management, LLC's new positions include 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 vast portfolio of products includes optical and electro-optical components and materials, fiber lasers, infrared optical components, and high-precision optical assemblies, amongst others. Michael Burry has been on a buying spree lately. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. A quarter of the portfolio is made up of consumer discretionary companies. Please see our General Disclaimers for more information. On February 14, Michael Burry filed his company's holdings report with the SEC. 223.17% 10-Year Performance. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. All rights reserved. Why has Burry, who is bearish on the . What does this mean? What conflicts arise from this relationship? Click the link icon to see the full transaction history. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. 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. 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. For instance, research has shown that mutual funds that use incentive fees take on more risk than funds that do not, and tend to double down and increase their risk following a poor performance. Burry was born and grew up in San Jose, California. The fund only has four clients. 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. What's Michael Burry Been Buying Lately? - TipRanks.com This means they effectively own 0.6% of the company. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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 portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Burry has a strictly traditional understanding of value. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. It is now the funds third-largest holding, accounting for 12.8% of its holdings. Scion was up 55%. Scion Asset Management Fund Performance History & Annualized Return Quickly find out what the most recently closed or increased positions are. That would put the U.S. in a recession under "any definition.". Scion Asset Management 13F annual report. This means they effectively own 0.6% of the company. Investors profit from puts when the . Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. 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. Michael Burry Portfolio and News | GuruFocus Here's how we make money. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. 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. Does your firm perform side-by-side management? 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. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? 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 . About Us - The Scion Group , This relationship may introduce bias where a firm or related person recommends certain securities with which they are affiliated, rather than others that may have higher returns. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. 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. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. His analysis resulted in him shorting the market by convincing Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as weak. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Based in Saratoga, Calif., Scion has just six employees, two of whom . Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. ", "Why Is Michael Burry Investing In Water? Common Stock (US:US19247G1076) Scion Asset Management, LLC's top holdings are The average market cap of the portfolio companies is close to $2.02 billion. [19] He has focused much of his attention on investing in water, gold, and farm land. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq Yes or He looks for investments in undervalued companies with strong long-term prospects. 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. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Stocks with a size of more than $10 billion in market cap make up Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. 12.25% 3-Year Performance. Michael Burry is an American investor, and hedge fund manager. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. Scion Asset Management General Information. , whose value fell approximately 0.1% in the past six months. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. 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. SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 Published on February 27th, 2023 by Nikolaos Sismanis. 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. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Should I Hire a Financial Advisor or DIY It? Firm performs side-by-side management with accounts that have differing fee structures. [] The investment fund also strengthened its position in Geo by buying 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. Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Does your fim accept soft-dollar benefits? Currently, their heaviest sector is Real Estate making up 53.2% of [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. Follow Tweet. 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. However, Dr. Burry has a much broader track record in the investing world. Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider "[12], After shutting down his website in November 2000, Burry started the hedge fund Scion Capital, funded by an inheritance and loans from his family. Scion Asset Management currently serves clients in the following states: CA, TN. Scion Asset Management - Michael Burry - Insider Monkey Scion Asset Management 13F annual report (2023) | wallmine It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. Why Didn't the Fed? Dr. Burry What does this mean? Some firms receive these fees as payments, which creates an incentive to promote them. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. For more information, contact opendata@sec.gov. 408-441-8400 [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". SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. All requests for updated information should also be reported directly to the SEC and/or FINRA. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. Why doesnt your firm use a secure website? The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. We use the change in the portfolio allocation because this is the most meaningful metric. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Michael Burry warns of student loans forgiveness consequences GameStop Corp. 625 Westport Parkway. 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. Michael Burry . | Investormint", "EDGAR Filing Documents for 0001567619-19-004198", The Big Shorts Michael Burry Sees a Bubble in Passive Investing, "Michael Burry Portfolio / Scion Asset Management, LLC Holdings", "Michael Burry tweet, Dec. 1, 2020 (Internet Archive)", "Michael Burry of 'The Big Short' reveals a $530 million bet against Tesla", "Michael Burry of 'Big Short' Bets Against Cathie Wood's ARKK", "Author Michael Lewis on Wall Street's Delusion", "Legendary Investor Leaves Twitter, Lists 8 Metal Bands in Bio", "Where 'The Big Short's Michael Burry Is Today", "Michael Burry: Subprime Short-Seller No. . SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle WRITE REVIEW. Others say the plan is too costly and burdensome on taxpayers. What does this mean? Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. What does this mean and why is it important? GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. , Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Michael Burry's Hedge Fund Scion Buys GEO Stock, Dumps META, GOOGL This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information 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. Scion Asset Management, LLC Questions to ask Checks take place monthly. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. What does this mean? What does this mean and why is it important? Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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.