When? While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. Published on February 27th, 2023 by Nikolaos Sismanis. However, Burry is also known to take an approach that often contradicts what the broad market dictates. As a Certified B Corporation, our focus is simple: people before profits. Top 50 Scion Asset Management Holdings . Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Hedge Fund Manager. 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. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. 2021-08-16. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Scion Asset Management Review 2023 | investor.com Unlike HTTPS connections, HTTP connections are not encrypted. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Scion Asset Management, LLC Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? [] Why Didn't the Fed? 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. They manage Burry predicted, "Fed will cut and government will stimulate. 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. 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. 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. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Questions to ask Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. Portfolio manager(s) are listed as Michael Burry. has disclosed 9 total holdings in their latest SEC filings. Portfolio manager(s) are listed as Michael Burry. Investment adviser firms registered with the SEC may be required to provide to state securities authorities a copy of their Form ADV and any accompanying amendments filed with the SEC. 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%. 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. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. 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. Scion Asset Management Holdings Heatmap . 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. Fintel is a registered trademark. 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. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. He has Rusyn ancestry. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. 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." The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. The firm prefers to employ long/short, market neutral, and activist strategies. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . However, Dr. Burry has a much broader track record in the investing world. What does this mean? 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. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. 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. Scion's new purchases consist of . Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) Cassandra B.C. (@michaeljburry) / Twitter What's Michael Burry Been Buying Lately? - TipRanks.com The Scion Asset Management office and employees reside in Saratoga, California. [18][16], In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser (ERA) active in the state of California and approved by the SEC. Will His AI Plans Be Any Different? The Scion Group is the largest owner/operator of off-campus student housing communities globally. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Questions to ask 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. Researcher and operations manager at DM Martins Research. Quickly find out what the most recently closed or increased positions are. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. 18951. Follow Tweet. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com Will any of my assets be invested in those products? (Disclaimers: this is not investment advice. SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 Follow Michael Burry and Buy GEO Stock | InvestorPlace Questions to ask Stocks with a size of more than $10 billion in market cap make up Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. [9] While off duty at night, he worked on his hobby: financial investing. Description. Regulatory disclosures state that firm sells proprietary investments and products. , 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. . Data is sourced from 13D/13G, 13F, and N-Q filings. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . , At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. The total portfolio value may be much higher due to cash and 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. Scion Asset Management's public equity portfolio is heavily concentrated. The company has been growing rapidly over the past few years while retaining compelling profitability levels. 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. By Steve Burns. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). What does this mean? Current Michael Burry Portfolio 2020 Update - New Trader U What does this mean? The fund only has four clients. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades Scion Asset Management LLC Top Holdings 13F Filings These filings are called "notice filings". Currently tracking portfolios of 77 superinvestors. I was damned sure I was going to pay it off. And JD.com is in a similar situation, being 57% below its peak in February 2021. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. These partnerships do not influence editorial content. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. All rights reserved. He then left to start his own hedge fund. 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. 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 . 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. Burry even ended up selling 99% of his positions in 2022, including Alphabet (GOOGL) - Get Free Report, Warner Bros Discovery (WBD) - Get Free Report, and Meta (META) - Get Free Report, leaving only his position in GEO Group. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. While this can be seen as "eating your own cooking," there are conflicts that may arise. IAPD - Investment Adviser Public Disclosure - Homepage The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. 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. In his words: All my stock picking is 100% based on the concept of a margin of safety.. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. See how we calculate 13F filing performance here. These positions were updated on November 14th based on the funds latest 13F filing. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Bill Ackman's: Pershing Square Capital Management. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Does your firm, or anyone associated with the firm, practice as a law firm? Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. Written by investor.com. 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 . Checks take place monthly. * Reported Price is the price of the security as of the portfolio date. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Here you can find the latest trades based on Burry's 13F filings and insider trades. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Michael Burry is Betting Everything on These 6 Stocks This website is provided as is without any representations or warranties, express or implied. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. Financial plans and investment portfolios are always unique to the client's personal financial situation. Hedge Fund and Insider Trading News: Michael Burry, Bridgewater Scion Asset Management Review - MagnifyMoney Latest Holdings, Performance, AUM (from 13F, 13D). Ranked #44 out of 483 Hedge Fund Managers. Bloomberg via Getty Images. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. He also urged investors to liquidate their stocks. Terms of Use | Disclaimers | Privacy Policy. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. How does your firm approach insurance sales? Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. Hedge funds are required to report only their long positions, not their short positions. 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. Scion Asset Management, LLC operates as an investment firm. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. 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. Please declare your traffic by updating your user agent to include company specific information. What does this mean? Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. 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. Burry has a strictly traditional understanding of value. $48.3 Million Total portoflio value. The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha What does this mean? 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. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. This could be detrimental to a client during down markets. 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. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Why has Burry, who is bearish on the . What does this mean? SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. 1,517,790 additional shares. It would appear that Burry is betting that China will rebound. And we could be headed for another recession. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. The firm's website is not secure by modern internet standards.