Questions to ask Musk Made a Mess at Twitter. U.S Market Open - Market Closes in 49M 55S. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. Here you can find the latest trades based on Burry's 13F filings and insider trades. 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. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. For further detail, see our articles on different types of advisors and financial advisor services. Questions to ask What does this mean? He has said more than once that his investment style is built upon Benjamin Graham and David Dodds 1934 book Security Analysis: "All my stock picking is 100% based on the concept of a margin of safety. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Fintel is a registered trademark. So is Burry less bearish on the U.S. economy than he was last year? Execute maintenance objectives and daily assignments with the Facilities Supervisor. The holding were 650,000 shares as of 2021-03-31. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. What does this mean and why is it important? 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. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. What does this mean and why is it important? . Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. T. Black Knight offers blended software, data, and analytics solutions all over the globe. The investment fund also strengthened its position in Geo by buying The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. The fund focuses on investments in the United States as [9] While off duty at night, he worked on his hobby: financial investing. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. 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. Will any of my assets be invested in those products? 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. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. The firm's website is not secure by modern internet standards. 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. Scion Asset Managements portfolio is diversified across 5 sectors. This means they effectively own 0.6% of the company. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Dr. Burry 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. A quarter of the portfolio is made up of consumer discretionary companies. 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. 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. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. ", "Why Is Michael Burry Investing In Water? During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. 223.17% 10-Year Performance. 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. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. , Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. Others say the plan is too costly and burdensome on taxpayers. A good way to understand Burry's thinking and Scion Asset Management's . Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. What does this mean? What conflicts do I need to be made aware of? 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 . See the Top Performing Hedge-Funds > Michael Burry . Data is sourced from 13D/13G, 13F, and N-Q filings. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. Scion Asset Management Holdings Heatmap . GameStop Corp. 625 Westport Parkway. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. As a Certified B Corporation, our focus is simple: people before profits. What does this mean? Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. The turnover rate is 70%. Click the link icon to see the full transaction history. I was damned sure I was going to pay it off.. EXHIBIT C. July 28, 2019. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. By the end of 2004, he was managing $600 million and turning money away. "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. 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. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. On February 14, Michael Burry filed his company's holdings report with the SEC. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. He had already built a reputation as an investor at the time by exhibiting success in value investing. 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. What does this mean? Thank you for your interest in the U.S. Securities and Exchange Commission. Warren Buffett's: Berkshire Hathaway. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. 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. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Questions to ask Firm or related person receives soft-dollar benefits in connection with client securities transactions. Questions to ask Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. Please provide me a list of the products and a summary of how much your firm earns from them. Firm's/Financial Professional's investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. It's not hard.". The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Geo dropped approximately 0.1% in the past year. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. 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. 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. It would appear that Burry is betting that China will rebound. Geo dropped approximately 0.1% in the past year. He has warned a severe recession on several occasions over the last year. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. How does your firm approach insurance sales? [13], In 2005, Burry started to focus on the subprime market. 18951. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Some firms receive these fees as payments, which creates an incentive to promote them. Average metrics of all companies in portfolio . 1001 and 1030). Our partners compensate us through paid advertising. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. They manage WRITE REVIEW. What does this mean and why is this important? In addition, the fund holds 5,000,000 shares of . The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. "Trusted by investor.com" status is reserved to those financial advisor firms meeting investor.com's strict requirements, beginning with earning no less than a 4.5 to 5 -star rating based on investor.com's independent Trust algorithm analysis. No. in 2008. This form was filed on 2023-02-14 for the reporting period 2022-12-31. 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. For more information, please see the SECs Web Site Privacy and Security Policy. Portfolio value: $46M+ Period: 2022 Q4. 66.7% of the portfolio companies This value is significant in that it is the last known price at which the security was still held. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. What does this mean and why is it important? The hedge fund exited positions including Alphabet Inc. and Facebook . The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Reference ID: 0.35841402.1677949840.1dcfc4e. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. The Company serves clients in the United States. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. If you require advice in relation to any financial matter you should consult an appropriate professional. , 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. 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. What happened? These partnerships do not influence editorial content. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. 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. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Green rows indicate new positions. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. 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. 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. [30], Burry is married, with children, and was living in Saratoga, California in 2010. Relative to the previous quarter there was a little reshuffling of his holdings. Black Knight Inc (US:BKI) SkyWest, Inc. (US:SKYW) The current portfolio value is calculated to be $47.00 Mil. Investors profit from puts when the . The investment fund's only holding now is The . . More than 90% of the beds are located in the US. Profitability has also been weak. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 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). Burry predicted, "Fed will cut and government will stimulate. Burry was born and grew up in San Jose, California. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Will anyone that was involved be involved with my accounts in any capacity? Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. 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. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. The Scion Asset Management office and employees reside in Saratoga, California. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. 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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. Michael Burry does see a recession coming, but that hasn't stopped himrather his hedge fund Scion Asset Managementfrom stocking up on some positions likely to be hit hard by a downturn. These filings are called "notice filings". Most recent portfolio value is calculated to be $ 46,536,925 USD. 1-Year Performance. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Michael Burry is head of Scion Asset Management. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Saratoga, CA 95070. 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. While this can be seen as "eating your own cooking," there are conflicts that may arise. He also urged investors to liquidate their stocks. 12.25% 3-Year Performance. Bill Ackman's: Pershing Square Capital Management. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Does your firm perform side-by-side management? Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. What does this mean and why is this important? How does your firm mitigate them? 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. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. Written by investor.com. Michael Burry has been on a buying spree lately. 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. Questions to ask Keep reading this article to learn more about Scion Asset Management. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. 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. Scion has $638,901,404 assets under management (AUM). Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! Stocks and cryptocurrency portfolio tracker. Does your firm, or anyone associated with the firm, practice as a law firm? Why doesnt your firm use a secure website? Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. SCION ASSET MANAGEMENT, LLC: CHIEF EXECUTIVE OFFICER: direct: 2013-03-01: CLARKE BENNITT MANAGEMENT, LP: PRINCIPLE OWNER: indirect: 2005-02-01: 2006-01-20: BURRY, ANH-THI: TRUSTEE THE BURRY 2003 REVOCABLE TRUST: 05/01/2003: Indirect Other: Fund Name Position direct/indirect start date end date; SCION ASSET MANAGEMENT, LLC: In that case, interest rates would pivot and rates would be cut while the government would announce a stimulus package to help households suffering from a failing economy. These companies are located in Dover DE, Madison WI, and Saratoga CA. 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. While partners may pay to provide offers or be featured, e.g. 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. Charlie Munger - Daily Journal Corp. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. [17] He subsequently liquidated his company to focus on his personal investments. 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. Michael Burry of Scion Asset Management. 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. Hedge funds are required to report only their long positions, not their short positions. Read through our introductory course to financial advisors. The Board of Directors. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Investor.com is your trustworthy guide to the world of personal finance. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. [] Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. 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.