Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. What does this mean? 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). To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. : DE | Fiscal Year End: 1231. 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. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Burry followed up his warning by detailing his own experience with student debt. The firm may also use leverage and derivative strategies to increase the rate of client success. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History GameStop Corp. 625 Westport Parkway. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Scion Asset Management 13F annual report. 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. Top 50 Scion Asset Management Holdings . With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. How many times did it occur? Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. 2015-2023 Fintel Ventures LLC. . Scion Asset Management. That would put the U.S. in a recession under "any definition.". 340.42% 1Y 3Y 5Y 10Y. It would appear that Burry is betting that China will rebound. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. Questions to ask [] Portfolio value: $46M+ Period: 2022 Q4. These partnerships do not influence editorial content. 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. $48.3 Million Total portoflio value. 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. 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). The firm's asset exposure includes equities, derivatives, and fixed income instruments. 12.25% 3-Year Performance. Michael J. Burry is known by most as the Big Short investor due to the eponymous movie revolving around himself and his story during the days of the Great Financial Crisis, a role played by Christian Bale. Why doesnt your firm use a secure website? 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. Whoopi Goldberg admits 'politics got in the way' of COVID- REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, US home prices just did something they haven't done since 2012, JPMorgan Chase requires some workers give 6 months notice before quitting, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Rebel Wilson says Meghan Markle isnt as naturally warm as Prince Harry, Kristen Doute supports Ariana Madix amid mutual ex Tom Sandovals scandal, Celeb-loved jewelry brand Dorsey drops dazzling new styles, March 4, 1984: Martina Navratilova defeats Chris Evert at MSG, Tom Sandoval breaks silence on Ariana Madix split amid cheating claims, Canadian teacher with size-Z prosthetic breasts placed on paid leave. Keep reading this article to learn more about Scion Asset Management. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. The investment fund's only holding now is The . 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 . This form was filed on 2023-02-14 for the reporting period 2022-12-31. It's not hard.". He has 25 years of experience as a finance and accounting executive, having served major private and public real estate firms as chief accounting officer, chief financial officer and senior vice president of strategic initiatives. What does this mean? The majority of the companies in the funds portfolio are large-cap stocks. 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. Questions to ask Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. EXHIBIT C. July 28, 2019. [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. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. [17] He subsequently liquidated his company to focus on his personal investments. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Geo dropped approximately 0.1% in the past year. What does this mean and why is it important? He quickly earned extraordinary profits for his investors. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. He has Rusyn ancestry. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. Apply for Trusted badge. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. The average market cap of the portfolio companies is close to $2.02 billion. . MGM Resorts International (US:MGM) Unlike HTTPS connections, HTTP connections are not encrypted. 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. Will any of my assets be invested in those products? Greenhaven Associates Updated 10 Jan 2023. Please provide me a list of the products and a summary of how much your firm earns from them. Address: 20665 4th Street Suite 201. Changes can be due to trades or changes in share prices. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. "[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. Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance. I was damned sure I was going to pay it off. 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 . Scion employs over 1,750 team members and has over $9 billion of assets under . This value is significant in that it is the last known price at which the security was still held. 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. Scion's new purchases consist of . "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. In response, Alibaba has been repurchasing stock in bulk. What does this mean? The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. * Reported Price is the price of the security as of the portfolio date. Questions to ask 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. Chase Coleman's: Tiger Global Management. 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). This means they effectively own 0.6% of the company. What does this mean? 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." Questions to ask . 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. Bloomberg via Getty Images. A Self-Regulatory Organization 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. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . The current portfolio value is calculated to be $47.00 Mil. and Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. 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. Our system found no disciplinary alerts. 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. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. The portfolio's exposure to China is also thought-provoking. This could be detrimental to a client during down markets. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. WRITE REVIEW. What does this mean and why is it important? Wolverine World Wide, Inc. (US:WWW) 0001567619-21-015632. SCION ASSET MANAGEMENT, LLC. Burry's Scion Asset Management bought 2,355 put contracts against the red-hot tech ETF during the second quarter and held them through the end of the period. Alibaba is down 71% from its October 2020 peak. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and . Heejin Kim and Myungshin Cho (29 August 2019). See the articles below for analysis on other major investment firms/asset managers/gurus: If you are interested in finding more high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful: The major domestic stock market indices are another solid resource for finding investment ideas. 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 is likely betting on the stocks valuation levels normalizing as we advance, which sounds like a reasonable investment case given Alibabas excellent financials. It charges an asset-based management fee that can be as high as 2% per year, while it may also take up to 20% of the value of the appreciation from each clients account. The hedge fund exited positions including Alphabet Inc. and Facebook . Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. 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. 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. The impact to a portfolio due to this purchase was 0.65%. All requests for updated information should also be reported directly to the SEC and/or FINRA. A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. 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. The investing legend was one of the first people to recognize the massive risk in the pre-2007 sub-prime real estate market the then unknown money manager bet over $1 billion that sub-prime would implode. 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%. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. 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. , 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. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. David Einhorn's: Greenlight Capital. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. | 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. : 000000000 | State of Incorp. Musk Made a Mess at Twitter. 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. (Disclaimers: this is not investment advice. Firm or related person receives soft-dollar benefits in connection with client securities transactions. Here's what investors need to know about Michael Burry's long positions. He had already built a reputation as an investor at the time by exhibiting success in value investing. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Since Jun 2013. Louis Bacon's: Moore Capital Management. [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]. 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. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Scion Asset Managements portfolio is diversified across 5 sectors. 1,517,790 additional shares. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. *SEC data last verified February 17, 2023. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. 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. The companys operating segments include Active Group, Work Group, and Lifestyle Group, which individually focus anywhere from casual footwear and apparel to industrial work boots and apparel. Will anyone that was involved be involved with my accounts in any capacity? Portfolio 9 Options 0 Performance. 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. Hedge funds are required to report only their long positions, not their short positions. 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. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. 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. 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 fund's top five holdings, which we analyze below, account for 72.2% of its total public . Saratoga, CA 95070. As a result, the company will soon be able to self-fund its growth and overall operations. What does this mean? Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". When? [30], Burry is married, with children, and was living in Saratoga, California in 2010. 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. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Burry has a strictly traditional understanding of value. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. 18951. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . 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. Precisely because he doesnt focus on a specific industry and because the essence of financial metrics shifts by industry and each companys place in the economic cycle, Dr. Burry utilizes the ratio of enterprise value (EV) to EBITDA when researching investment ideas. 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. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. 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. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. T. Black Knight offers blended software, data, and analytics solutions all over the globe. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. What does this mean? Scion Asset Management currently serves clients in the following states: CA, TN. [13], In 2005, Burry started to focus on the subprime market. This website is provided as is without any representations or warranties, express or implied. Published on February 27th, 2023 by Nikolaos Sismanis. He only looks for their undervalued elements, regardless of their sector and class. Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. We reserve the right to block IP addresses that submit excessive requests. 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. How does your firm approach insurance sales? Note: We do not offer technical support for developing or debugging scripted downloading processes. U.S Market Open - Market Closes in 49M 55S. In total, Scion Asset Management manages $291.7 million in assets. Geo dropped approximately 0.1% in the past year. Scion Asset Management is headquartered in Saratoga, California. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. Currently tracking portfolios of 77 superinvestors. Ranked #44 out of 483 Hedge Fund Managers. 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. We've received your submission. Top 50 Scion Asset Management Holdings . The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Regulatory disclosures state that firm sells proprietary investments and products. What does this mean? the total portfolio value. Reference ID: 0.35841402.1677949840.1dcfc4e. 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. 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. Stocks and cryptocurrency portfolio tracker. Any data inaccuracies, please contact our team. approximately 0.1% of the total holdings value. In January, Burry made predictions for an economic downturn in 2023. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. , What does this mean and why is it important? The Scion Asset Management office and employees reside in Saratoga, California. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. He also urged investors to liquidate their stocks. 100.0% 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 of 7th November 2022, Scion Asset Management's top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Burry was born and grew up in San Jose, California. Firm can legally elect to accept commissions for their investment advisory services. "Here's the story of one of the heroes of 'The Big Short', "The True Story Behind The Big Short - Real Michael Burry", The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History, "Mercury News Interview: Hedge fund manager saw subprime meltdown coming", "These Doctors Mean Business," Whitney, Kathy, Medicine (Vanderbilt School of Medicine), Summer 2014, "Learning From Dr. Michael Burry's Investment Philosophy", "Michael Burry Profiled: Bloomberg Risk Takers", "I Saw the Crisis Coming. What does this mean and why is it important? 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. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. Why Didn't the Fed? When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. 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. And it is notwater is political, and litigious. 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. 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. This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. Investor.com is your trustworthy guide to the world of personal finance. . Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. 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. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. 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. What does this mean and why is this important? <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Questions to ask The fund focuses on investments in the United States as The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California.

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