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Stocks and cryptocurrency portfolio tracker. Ranked #44 out of 483 Hedge Fund Managers. Questions to ask 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's public equity portfolio is heavily concentrated. 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. $41.4 million and $41.2 million respectively. 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. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . Firm or a related person trades securities for themselves that they also recommend to their clients. While this can be seen as "eating your own cooking," there are conflicts that may arise. Profitability has also been weak. Grapevine, TX 76051. Louis Bacon's: Moore Capital Management. 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. He has warned a severe recession on several occasions over the last year. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. 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. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. On February 14, Michael Burry filed his company's holdings report with the SEC. are based in the United States. FINRA data last verified February 17, 2023. Scion Asset Management, LLC What does this mean? 66.7% of the portfolio companies 408-441-8400 WRITE REVIEW. 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. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. The firm's asset exposure includes equities, derivatives, and fixed income instruments. Terms of Use | Disclaimers | Privacy Policy. 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. Regulatory disclosures state that firm sells proprietary investments and products. In response, Alibaba has been repurchasing stock in bulk. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. We reserve the right to block IP addresses that submit excessive requests. 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. , 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. Firm performs side-by-side management with accounts that have differing fee structures. And JD.com is in a similar situation, being 57% below its peak in February 2021. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. Figure 1:What to Know About Michael "Big Short" Burry's Latest Stock Purchase, Read also: GameStop Stock: What the SEC Says About Direct Registration. What does this mean? Red rows indicate closed positions. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. [9] While off duty at night, he worked on his hobby: financial investing. All rights reserved. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. Firm can legally elect to accept commissions for their investment advisory services. It is now the funds third-largest holding, accounting for 12.8% of its holdings. 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? subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. [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]. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Point72 Asset Management . Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. The GEO Group Inc (US:GEO) I was damned sure I was going to pay it off.. Fintel is a registered trademark. What does this mean and why is this important? [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. In addition, the fund holds 5,000,000 shares of . Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Questions to ask When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. What does this mean? After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Relative to the previous quarter there was a little reshuffling of his holdings. Scion Asset Management, LLC's top holdings are For further detail, see our articles on different types of advisors and financial advisor services. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Currently, their heaviest sector is Real Estate making up 53.2% of 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. The Scion Asset Management chief's grim prediction may be coming true, as the S&P 500 and Nasdaq indexes tumbled by 19% and 33% respectively in 2022. | 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 companys operating segments include Active Group, Work Group, and Lifestyle Group, which individually focus anywhere from casual footwear and apparel to industrial work boots and apparel. The firm's website is not secure by modern internet standards. , Address: 20665 4th Street Suite 201. Eventually Burry closed his fund and retired. 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. Also, the article may contain affiliate links. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Yes or He is best known for being amongst the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. Black Knight Inc (US:BKI) [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". By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). A good way to understand Burry's thinking and Scion Asset Management's . 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. The hedge fund exited positions including Alphabet Inc. and Facebook . The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Geo dropped approximately 0.1% in the past year. What does this mean and why is it important? 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He has Rusyn ancestry. You can download an Excel spreadsheet with metrics that matter of Scion Asset Managements current 13F equity holdings below: Click here to instantly download your free spreadsheet of all Scion Asset Management / Michael Burry holdings now, along with important investing metrics. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Visit Site, Is this your firm? Any data inaccuracies, please contact our team. 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. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 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. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. [18][16], In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser (ERA) active in the state of California and approved by the SEC. How many times did it occur? Strategies arent specified: There isnt a lot of specificity provided . SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. Bill Ackman's: Pershing Square Capital Management. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Ray Dalio's: Bridgewater Associates. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Some firms receive these fees as payments, which creates an incentive to promote them. 12.25% 3-Year Performance. 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 . Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. Our system has identified the following conflict alerts. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. The turnover rate is 70%. 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). 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. Burry's trade that made him a legend was when he used derivatives to bet on a real estate market crash in 2008 which made him . compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). SkyWest, Inc. (US:SKYW) What does this mean and why is it important? 100.0% This page was last edited on 1 February 2023, at 20:47 (UTC). Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Scion Asset Management's Portfolio - All 9 Public Equity Investments. , whose value fell approximately 0.1% in the past six months. GameStop Corp. 625 Westport Parkway. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. 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. The majority of the companies in the funds portfolio are large-cap stocks. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. This means they effectively own 0.6% of the company. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. and Scion Asset Management 13F annual report. What does this mean and why is it important? After attending medical school, Dr. Burry left to start his own hedge fund in 2000. 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. Upgrade to unlock premium data and export to Excel . Wolverine World Wide, Inc. (US:WWW) Scion Asset Management Holdings Heatmap . 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. This relationship may introduce bias where a firm or related person recommends certain securities with which they are affiliated, rather than others that may have higher returns. 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. 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. And we could be headed for another recession. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares.