Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. and Since Jun 2013. 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. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. 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. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Others say the plan is too costly and burdensome on taxpayers. This conclusion led him to short the market by persuading Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as vulnerable. and Scion employs over 1,750 team members and has over $9 billion of assets under . What does this mean? All Scion Asset Management, LLC holdings are listed in the following tables. The firm prefers to employ long/short, market neutral, and activist strategies. It is now the funds second-largest holding, accounting for 18.3% of its holdings. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. What does this mean and why is it important? The portfolio is made up of a total of 102 facilities, including 82,000 beds. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. Investors profit from puts when the . Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Hedge funds are required to report only their long positions, not their short positions. EXHIBIT C. July 28, 2019. Figure 1:What to Know About Michael "Big Short" Burry's Latest Stock Purchase, Read also: GameStop Stock: What the SEC Says About Direct Registration. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). [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. As a result, the company will soon be able to self-fund its growth and overall operations. | 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. ", "Why Is Michael Burry Investing In Water? John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Currently, their heaviest sector is Real Estate making up 53.2% of Yes or Scion Asset Management. Questions to ask How many times did it occur? While many fund managers and successful investors such as Cathie Wood are talking about their ideas several times a week in the news, Burry is more quiet. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . I cover the recent 13F filings and the logic behind Michael Burry's po. Scion Asset Management Review. 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). 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 . To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. See the Top Performing Hedge-Funds > Michael Burry . While partners may pay to provide offers or be featured, e.g. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. 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. 1,517,790 additional shares. 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. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. 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. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in Is your firm a broker-dealer or are you affiliated with one? Saratoga, CA 95070. Michael Burry 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. What conflicts do I need to be made aware of? Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Average metrics of all companies in portfolio . Bill Ackman's: Pershing Square Capital Management. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Scion Asset Management 13F annual report. 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. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Most recent portfolio value is calculated to be $ 46,536,925 USD. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. 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. 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. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Scion Asset Management Holdings Heatmap . 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. Our Methodology. 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. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Questions to ask Common Stock (US:US19247G1076) Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Scion was up 55%. 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. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. The stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. , This value is significant in that it is the last known price at which the security was still held. 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. Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. 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. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. 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. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. It would appear that Burry is betting that China will rebound. 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. . What does this mean? 66.7% of the portfolio companies They manage Chase Coleman's: Tiger Global Management. Portfolio manager(s) are listed as Michael Burry. Founded in 2018 as an unbiased resource empowering consumers to research and compare financial advisory firms, investor.com today gives consumers the tools to make smart money decisions about credit, retirement planning, and more. 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 Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. 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. David Einhorn's: Greenlight Capital. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. Unlike HTTPS connections, HTTP connections are not encrypted. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. The GEO Group Inc (US:GEO) [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]. 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. Note: We do not offer technical support for developing or debugging scripted downloading processes. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. : 000000000 | State of Incorp. : DE | Fiscal Year End: 1231. For more information, please see the SECs Web Site Privacy and Security Policy. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. What does this mean? Scion Asset Management, LLC Holdings. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. 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%. 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's not hard.". Specifically, the company repurchased nearly $9.7 billion worth of stock last year. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). Please see our General Disclaimers for more information. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. He has warned a severe recession on several occasions over the last year. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. The majority of the companies in the funds portfolio are large-cap stocks. 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. This website is provided as is without any representations or warranties, express or implied. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Black Knight Inc (US:BKI) Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 18951. What does this mean and why is this important? Michael Burry has been on a buying spree lately. What does this mean and why is it important? After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. What does this mean? Financial plans and investment portfolios are always unique to the client's personal financial situation. , Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Visit Site, Is this your firm? Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. A good way to understand Burry's thinking and Scion Asset Management's . February 17, 2023. We've received your submission. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. There are currently 6 companies in Mr. Burrys portfolio. 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. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. , He also urged investors to liquidate their stocks. And JD.com is in a similar situation, being 57% below its peak in February 2021. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. 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. This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. 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. Stocks with a size of more than $10 billion in market cap make up "[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. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. The Scion Group is the largest owner/operator of off-campus student housing communities globally. The Scion Asset Management office and employees reside in Saratoga, California. In addition, the fund holds 5,000,000 shares of . SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. For more information, contact opendata@sec.gov. Why has Burry, who is bearish on the . Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Our partners compensate us through paid advertising. This form was filed on 2023-02-14 for the reporting period 2022-12-31. [4] As a teenager, he attended Santa Teresa High School. On February 14, Michael Burry filed his company's holdings report with the SEC. Thank you for your interest in the U.S. Securities and Exchange Commission. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. 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. In his words: All my stock picking is 100% based on the concept of a margin of safety.. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. 12.25% 3-Year Performance. Quickly find out what the most recently closed or increased positions are. financing, asset management, . Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. These positions were updated on November 14th based on the funds latest 13F filing. Relative to the previous quarter there was a little reshuffling of his holdings. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. Is your firm affiliated with a law firm in any capacity? 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. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. This means they effectively own 0.6% of the company. 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. We have concerns regarding capital management at . 0001567619-21-010281.txt. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. $48.3 Million Total portoflio value. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. All rights reserved. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. These partnerships do not influence editorial content. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Firm or a related person trades securities for themselves that they also recommend to their clients. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. 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. 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 . 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. 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. Firm performs side-by-side management with accounts that have differing fee structures. Will His AI Plans Be Any Different?