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 . FINRA data last verified February 17, 2023. 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. See how we calculate 13F filing performance here.
Michael Burry - Wikipedia [19] He has focused much of his attention on investing in water, gold, and farm land. The firm may also use leverage and derivative strategies to increase the rate of client success. I was damned sure I was going to pay it off.. SkyWest, Inc. (US:SKYW) 1,517,790 additional shares. Why has Burry, who is bearish on the . GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). What does this mean? Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? What does this mean? Please provide me a list of the products and a summary of how much your firm earns from them. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. 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. 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. So is Burry less bearish on the U.S. economy than he was last year? What does this mean? 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. 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 . Saratoga, CA 95070. [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 Review 2023 | investor.com Address: 20665 4th Street Suite 201. ", "Why Is Michael Burry Investing In Water? The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Scion Asset Management, LLC Holdings. Ranked #44 out of 483 Hedge Fund Managers. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Eventually Burry closed his fund and retired. 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. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. The Scion Group is the largest owner/operator of off-campus student housing communities globally. In fact, Dr. Burry had showcased such great stock-picking skills that he drew the interest of companies such as Vanguard, White Mountains Insurance Group, and renowned investors such as Joel Greenblatt. 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. Charlie Munger - Daily Journal Corp. U.S Market Open - Market Closes in 49M 55S. SEC Form 13F Filing History. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. What does this mean and why is it important? 0001567619-21-010281.txt. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Questions to ask
When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Scion Asset Management, LLC operates as an investment firm.
Michael Burry reveals new stock bets after previously dumping entire The fund's top five holdings, which we analyze below, account for 72.2% of its total public . 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. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . It is now the funds third-largest holding, accounting for 12.8% of its holdings. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Scion Asset Managements portfolio is diversified across 5 sectors. Michael Burry is head of Scion Asset Management. Portfolio manager(s) are listed as Michael Burry.
Scion Asset Management Investor Profile: Portfolio & Exits | PitchBook We have concerns regarding capital management at . SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. By Steve Burns. Does your firm offer mutual funds that have 12b-1 fees? Latest Holdings, Performance, AUM (from 13F, 13D). He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt. Questions to ask
Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Relative to the previous quarter there was a little reshuffling of his holdings. While partners may pay to provide offers or be featured, e.g. Scion Asset Management, LLC Will any of my assets be invested in those products? Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Any data inaccuracies, please contact our team. By using this site, you are agreeing to security monitoring and auditing. [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. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. "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. Black Knight Inc (US:BKI) He had already built a reputation as an investor at the time by exhibiting success in value investing. (Disclaimers: this is not investment advice. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. He has said, "Fresh, clean water cannot be taken for granted. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. 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. Others say the plan is too costly and burdensome on taxpayers. When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. What does this mean? Bloomberg via Getty Images. 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. These positions were updated on November 14th based on the funds latest 13F filing. 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. 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." As a result, we do not support personal reviews on the site. 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. Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time.
Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech 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. 12.25% 3-Year Performance. 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. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? [14][15][16], During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. Strategies arent specified: There isnt a lot of specificity provided . [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Bill Ackman's: Pershing Square Capital Management. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which documented the history and events leading up to his contrarian but hugely successful bet against the real estate market in 2008. 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. "[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. There are 3 companies that go by the name of Scion Asset Management, LLC. When he was younger, he noticed that it took him a lot of energy to look people in the eye, and said, "If I am looking at you, that's the one time I know I won't be listening to you". 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. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Michael Burry . What does this mean and why is this important? Firm can legally elect to accept commissions for their investment advisory services. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. How many times did it occur? 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. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Please send any feedback, corrections, or questions to support@suredividend.com. This form was filed on 2023-02-14 for the reporting period 2022-12-31. 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. In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey.
The investment fund's only holding now is The . And we could be headed for another recession.
Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider For more information, contact opendata@sec.gov. 2021-08-16. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. A good way to understand Burry's thinking and Scion Asset Management's . There are currently 6 companies in Mr. Burrys portfolio. Portfolio 9 Options 0 Performance. Our system found no disciplinary alerts. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. $48.3 Million Total portoflio value. Thank you for your interest in the U.S. Securities and Exchange Commission. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. After more than two years, on February 14, 2019, Scion Asset Management filed another 13F, showing Burry to hold numerous large-cap stocks and $103,528,000 13F assets under management, just above the threshold for filing. What does this mean? Questions to ask
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. Data is sourced from 13D/13G, 13F, and N-Q filings. He has Rusyn ancestry. Scion's new purchases consist of . At 06/30/2022: $3,309. : 000000000 | State of Incorp. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Description.
Maintenance Technician Job in Minneota, MN at The Scion Group 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. 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. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings.
Scion asset management - What are they investing in Right Now? 223.17% 10-Year Performance.
Cathie Wood says Michael Burry doesn't understand innovation space Ray Dalio's: Bridgewater Associates. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. 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. Scion has $638,901,404 assets under management (AUM). Scion Asset Management currently serves clients in the following states: CA, TN. financing, asset management, . 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. What does this mean? The holding were 650,000 shares as of 2021-03-31. Here you can find the latest trades based on Burry's 13F filings and insider trades. tips_and_updates Financial Advisor Education. Scion Asset Management Holdings Heatmap . 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. What does this mean and why is it important? What does this mean? 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 Review | SmartAsset.com Leadership - The Scion Group , This website is provided as is without any representations or warranties, express or implied. Burry was born and grew up in San Jose, California.
Current Michael Burry Portfolio 2021 Q1 Update - New Trader U Questions to ask
EDGAR Filing Documents for 0001567619-21-010281 - SEC Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. 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%. Common Stock (US:US19247G1076) Updated 05 Jan 2023. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. Apply for Trusted badge. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. 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 James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Visit Site, Is this your firm?