Firm or an affiliate actively engages in business as a law firm or lawyer. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. 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. 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. What does this mean and why is it important? Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. 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. Hedge funds are required to report only their long positions, not their short positions. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. These positions were updated on November 14th based on the funds latest 13F filing. Saratoga, CA 95070. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Reference ID: 0.35841402.1677949840.1dcfc4e. 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. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Scion Asset Management, LLC's new positions include 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. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. 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. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. 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. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Note: 13F filing performance is different than fund performance. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Is your firm affiliated with a law firm in any capacity? These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. 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. [13], In 2005, Burry started to focus on the subprime market. 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What does this mean? And we could be headed for another recession. Checks take place monthly. Does your fim accept soft-dollar benefits? 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. He also urged investors to liquidate their stocks. It's not hard.". Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. approximately 0.1% of the total holdings value. Michael Burry has been on a buying spree lately. Scion Asset Management, LLC Burry has a strictly traditional understanding of value. Operating as an online business, this site may be compensated through third party advertisers. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Scion Asset Management 13F annual report. All Scion Asset Management, LLC holdings are listed in the following tables. 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. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. What percentage of income does your firm receive from fees versus commissions? After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. Top 50 Scion Asset Management Holdings . Ultimately, Burrys analysis proved right. 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 . Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Unlike HTTPS connections, HTTP connections are not encrypted. [21] In August 2019, Bloomberg News quoted an email from Burry where he said there was a bubble in large US company stocks due to the popularity of passive investing, which "has orphaned smaller value-type securities globally". Heejin Kim and Myungshin Cho (29 August 2019). Wolverine World Wide, Inc. (US:WWW) The Form 13F report requires disclosure of the manager that files the report, the name and class of the security, the CUSIP number, the number of . T. Black Knight offers blended software, data, and analytics solutions all over the globe. Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Questions to ask The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. : DE | Fiscal Year End: 1231. The firm prefers to employ long/short, market neutral, and activist strategies. 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. ", "Why Is Michael Burry Investing In Water? What does this mean? The hedge fund exited positions including Alphabet Inc. and Facebook . [6], According to his website, Burry liquidated his credit default swap short positions by April 2008 and did not benefit from the bailouts of 2008 and 2009. 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. Michael Burry . Description. 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. 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. Terms of Use | Disclaimers | Privacy Policy. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. 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. 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. Written by investor.com. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. The fund only has four clients. 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. It would appear that Burry is betting that China will rebound. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. 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. It's worth noting that more than a third of Scion Asset Management's portfolio is now made up of companies in the industrial sector. What does this mean? Steven Cohen's: Point72 Asset Management. [19] He has focused much of his attention on investing in water, gold, and farm land. [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. 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). The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Questions to ask Scion Asset Management feels strongly about Neophotonics Corp and that is the reason they have added about 300000 shares of the firm to their fund. 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. 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. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. 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. 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. This is a low margin business in the first place, and so despite the company posting record revenues last year, it saw a decline in earnings. 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. As a Certified B Corporation, our focus is simple: people before profits. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. However, Burry is also known to take an approach that often contradicts what the broad market dictates. JD.com, Inc. (US:JD) Firm or related person receives soft-dollar benefits in connection with client securities transactions. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. This value is significant in that it is the last known price at which the security was still held. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. 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. 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. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Alibaba Group Holding Limited ADR (US:BABA) Questions to ask These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. 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 companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Firm can legally elect to accept commissions for their investment advisory services. Follow Tweet. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Please declare your traffic by updating your user agent to include company specific information. 2021-08-16. Regulatory disclosures state that firm sells proprietary investments and products. "[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. And it is notwater is political, and litigious. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. 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. Questions to ask Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. [9], Despite not practicing, Burry has kept his license as a physician active with the Medical Board of California, including continuing education requirements.[10][11]. All requests for updated information should also be reported directly to the SEC and/or FINRA. 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. Geo dropped approximately 0.1% in the past year. 2015-2023 Fintel Ventures LLC. 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. The investing legend was one of the first people to recognize the massive risk in the pre-2007 sub-prime real estate market the then unknown money manager bet over $1 billion that sub-prime would implode. You wont receive financial advice or any financial planning services as an individual investor, and you can only invest in the available funds that the firm oversees. 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. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. As a result, the company will soon be able to self-fund its growth and overall operations. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. tips_and_updates Financial Advisor Education. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. So is Burry less bearish on the U.S. economy than he was last year? How do we make money? 1001 and 1030). What conflicts arise from this relationship? In total, Scion Asset Management manages $291.7 million in assets. | 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. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. Why Didn't the Fed? Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. Greenhaven Associates Updated 10 Jan 2023. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. the total portfolio value. Our system has identified the following conflict alerts. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. 100.0% In addition, the fund holds 5,000,000 shares of Qurate Retail Inc worth $10.1 million, whose value fell approximately 0.1% in the past six months. He looks for investments in undervalued companies with strong long-term prospects. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History [9] While off duty at night, he worked on his hobby: financial investing. 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. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Scion Asset Management. Burry predicted, "Fed will cut and government will stimulate. Visit Site, Is this your firm? 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. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Grapevine, TX 76051. What does this mean and why is this important? Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. What does this mean? We reserve the right to block IP addresses that submit excessive requests. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. It is now the funds third-largest holding, accounting for 12.8% of its holdings. Will anyone that was involved be involved with my accounts in any capacity? Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Apply for Trusted badge. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. 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. 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. I was damned sure I was going to pay it off. 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. Link to 13F filings: SEC filings. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. SCION ASSET MANAGEMENT, LLC. Common Stock (US:US19247G1076) 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. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. For more information, please see the SECs Web Site Privacy and Security Policy. Geo dropped approximately 0.1% in the past year. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. A Self-Regulatory Organization 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. What does this mean? Eventually Burry closed his fund and retired. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. What does this mean? What does this mean? Scion's new purchases consist of . The portfolio is made up of a total of 102 facilities, including 82,000 beds. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). . Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Top 50 Scion Asset Management Holdings . Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. 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. There are currently 6 companies in Mr. Burrys portfolio. Scion Asset Management Holdings Heatmap .

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