SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. the total portfolio value. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Oils $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? The company has been growing rapidly over the past few years while retaining compelling profitability levels. Some firms receive these fees as payments, which creates an incentive to promote them. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. All rights reserved. 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. For instance, research has shown that mutual funds that use incentive fees take on more risk than funds that do not, and tend to double down and increase their risk following a poor performance. Portfolio manager(s) are listed as Michael Burry. What happened? 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. 2015-2023 Fintel Ventures LLC. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Questions to ask As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. In total, Scion Asset Management manages $291.7 million in assets. 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. Scion Asset Management, the firm of "The Big Short" investor Michael Burry, disclosed this week that during the fourth quarter of 2019, it closed its holding in Bed Bath & Beyond Inc. (NASDAQ:BBBY . The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Address: 20665 4th Street Suite 201. Scion has $638,901,404 assets under management (AUM). The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. 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. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. "[12], After shutting down his website in November 2000, Burry started the hedge fund Scion Capital, funded by an inheritance and loans from his family. Others say the plan is too costly and burdensome on taxpayers. *SEC data last verified February 17, 2023. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. What does this mean? Michael Burry is an American investor, and hedge fund manager. Bill Ackman's: Pershing Square Capital Management. Does your firm, or anyone associated with the firm, practice as a law firm? has disclosed 9 total holdings in their latest SEC filings. 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. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. What does this mean? Eventually Burry closed his fund and retired. Burry was born and grew up in San Jose, California. No. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Our partners compensate us through paid advertising. By using this site, you are agreeing to security monitoring and auditing. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. 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. Scion Asset Management is headquartered in Saratoga, California. Charlie Munger - Daily Journal Corp. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. In early January, he posted to his Twitter account that inflation had "peaked," but that this would not be the last peak of the cycle. 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. Yes or * Reported Price is the price of the security as of the portfolio date. approximately 0.1% of the total holdings value. Alibaba Group Holding Limited ADR (US:BABA) The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Questions to ask These conflicts can negatively impact clients via hidden fees and overall higher costs. , Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Scion Asset Management, LLC's new positions include And it is notwater is political, and litigious. , documented the history and events leading up to his contrarian but hugely successful bet against the real estate market | 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. The author may be long one or more stocks mentioned in this report. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. . 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. 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. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. 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%. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. 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. 340.15% 5-Year Performance. It would appear that Burry is betting that China will rebound. Common Stock (US:US19247G1076) We have concerns regarding capital management at . Common Stock (US:US19247G1076) 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. 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. 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. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Portfolio Gain +257.56%. Ranked #44 out of 483 Hedge Fund Managers. It is now the funds third-largest holding, accounting for 12.8% of its holdings. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. 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. Portfolio 9 Options 0 Performance. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 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. What does this mean? By Steve Burns. Qurate Retail Inc makes up 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 . As a result, we do not support personal reviews on the site. Scion Asset Managements portfolio is diversified across 5 sectors. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. [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. What does this mean? Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Burry predicted, "Fed will cut and government will stimulate. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Questions to ask While StockBrokers.com has all data verified by industry participants, it can vary from time to time. 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. Questions to ask Based in Saratoga, Calif., Scion has just six employees, two of whom . What does this mean? 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. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Top 50 Scion Asset Management Holdings . For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. The firm's website is not secure by modern internet standards. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Musk Made a Mess at Twitter. Black Knight Inc (US:BKI) Scion Asset Management, LLC Holdings. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. This means they effectively own 0.6% of the company. Wolverine World Wide, Inc. (US:WWW) 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. 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. There are currently 6 companies in Mr. Burry's portfolio. Filing Date. [17] He subsequently liquidated his company to focus on his personal investments. Follow Tweet. This value is significant in that it is the last known price at which the security was still held. This means they effectively own 0.6% of the company. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Terms of Use | Disclaimers | Privacy Policy. 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. Scion's new purchases consist of . $48.3 Million Total portoflio value. The Company serves clients in the United States. 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. Burry has a strictly traditional understanding of value. 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. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. The majority of the companies in the funds portfolio are large-cap stocks. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Geo dropped approximately 0.1% in the past year. Ray Dalio's: Bridgewater Associates. The latest quarterly filing from Scion Asset ManagementMichael Burry's firmshows no bearish bets against the electric-vehicle giant Tesla The loss of a notable bear appears to be giving . 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. 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. Green rows indicate new positions. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. 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. 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). Does your firm offer mutual funds that have 12b-1 fees? Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. 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Back on April 10, 2020, Michael Burry, who gained fame as a major character in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME) disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME's outstanding shares. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Warren Buffett's: Berkshire Hathaway. 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. 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. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Stocks with a size of more than $10 billion in market cap make up GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Form 13F is required to be filed within 45 days of the end of a calendar quarter. However, Burry is also known to take an approach that often contradicts what the broad market dictates. 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. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. 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. 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. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. 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. Here you can find the latest trades based on Burry's 13F filings and insider trades. Since Jun 2013. 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.

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