Burry predicted, "Fed will cut and government will stimulate. Alibaba Group Holding Limited ADR (US:BABA) 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. 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. [19] He has focused much of his attention on investing in water, gold, and farm land. 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. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. SEC Form 13F Filing History. MGM Resorts International (US:MGM) What does this mean and why is it important? What does this mean? 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. 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. Researcher and operations manager at DM Martins Research. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Saratoga, CA 95070. JD.com, Inc. (US:JD) What does this mean and why is it important? , Will anyone that was involved be involved with my accounts in any capacity? 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. What does this mean? In January, Burry made predictions for an economic downturn in 2023. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). : 000000000 | State of Incorp. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. 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 . 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". The firm's website is not secure by modern internet standards. Competition has been eating the companys lunch for years, with Wolverine having a hard time sustaining its sales over the past decade, let alone growing them. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. Scion Asset Managements portfolio is diversified across 5 sectors. * Reported Price is the price of the security as of the portfolio date. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. What does this mean? 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). David Einhorn's: Greenlight Capital. 0001567619-21-010281.txt. [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. The GEO Group Inc (US:GEO) 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. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Warren Buffett's: Berkshire Hathaway. . Nothing on this website constitutes, or is meant to constitute, advice of any kind. 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. As a result, we do not support personal reviews on the site. He quickly earned extraordinary profits for his investors. Scion Asset Management's Portfolio - All 9 Public Equity Investments. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Steven Cohen's: Point72 Asset Management. Scion was up 55%. Common Stock (US:US19247G1076) tips_and_updates Financial Advisor Education. The investment fund also strengthened its position in Geo by buying 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 an investment fund managing more than $41.3 million ran by Michael Burry. Questions to ask
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. He also believes that he expects growth in the consumer price index (CPI) to come down and be possibly negative in the second half of 2023. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Scion Asset Management, LLC's top holdings are 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. Our Methodology. Michael Burry of Scion Asset Management. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. And we will have another inflation spike. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry How does your firm mitigate them? These partnerships do not influence editorial content. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. 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. Thank you for your interest in the U.S. Securities and Exchange Commission. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. 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. , As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . See how we calculate 13F filing performance here. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. 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." subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Top 50 Scion Asset Management Holdings . Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. 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. What does this mean and why is it important? February 17, 2023. 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. 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. These positions were updated on November 14th based on the funds latest 13F filing. 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. [] The firm's asset exposure includes equities, derivatives, and fixed income instruments. WRITE REVIEW. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Our system found no disciplinary alerts. SCION ASSET MANAGEMENT, LLC. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. Black Knight Inc (US:BKI) Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. At 06/30/2022: $3,309. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Firm performs side-by-side management with accounts that have differing fee structures. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. We have concerns regarding capital management at . 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 . Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. 18951. 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. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Eventually Burry closed his fund and retired. This means they effectively own 0.6% of the company. | 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. Is your firm a broker-dealer or are you affiliated with one? In his words: All my stock picking is 100% based on the concept of a margin of safety.. "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. 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 felony. Burry was born and grew up in San Jose, California. 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. 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. [13], In 2005, Burry started to focus on the subprime market. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. What does this mean? 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. To illustrate how successful Dr. Burrys picks were from the origins of Scion Asset Management to the Great Financial Crisis, the hedge fund recorded returns of 489.34% (net of fees and expenses) between its inception in November 2000 to June 2008. 10/2021 4/18/2022 5:06:55 PM SCION ASSET MANAGEMENT, LLC SCION ASSET MANAGEMENT, LLC (2) If you are using this Form ADV to register more than one investment adviser under an umbrella registration , check this box . Which securities does your firm trade for itself that it will also be recommending to me? [17] He subsequently liquidated his company to focus on his personal investments. 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. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. $48.3 Million Total portoflio value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Scion Asset Management Holdings Heatmap . Our partners compensate us through paid advertising. Does your firm, or anyone associated with the firm, practice as a law firm? What conflicts do I need to be made aware of? What happened? Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. As a result, the company will soon be able to self-fund its growth and overall operations. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. has disclosed 9 total holdings in their latest SEC filings. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. 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. Red rows indicate closed positions. Scion Asset Management's public equity portfolio is heavily concentrated. , 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 . Greenhaven Associates Updated 10 Jan 2023. Questions to ask
Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Is your firm affiliated with a law firm in any capacity? Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). These conflicts can negatively impact clients via hidden fees and overall higher costs. Published on February 27th, 2023 by Nikolaos Sismanis. 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. Scion Asset Management currently serves clients in the following states: CA, TN. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Description. What does this mean? The Board of Directors. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. 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. Will His AI Plans Be Any Different? A quarter of the portfolio is made up of consumer discretionary companies. I cover the recent 13F filings and the logic behind Michael Burry's po. This form was filed on 2023-02-14 for the reporting period 2022-12-31. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Questions to ask
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. 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. 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. Follow Tweet. Click the link icon to see the full transaction history. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. 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. 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. Reference ID: 0.35841402.1677949840.1dcfc4e. The fund focuses on investments in the United States as For more information, contact opendata@sec.gov. 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. However, Burry is also known to take an approach that often contradicts what the broad market dictates. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Scion Asset Management LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. Scion Asset Management also says it works to provide clients with a diverse mix of portfolio opportunities it believes will increase their chances of investment success. 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.