exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. What does this mean? Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. 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. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. The firm's asset exposure includes equities, derivatives, and fixed income instruments. Which securities does your firm trade for itself that it will also be recommending to me? Scion Asset Management Review. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Burry predicted, "Fed will cut and government will stimulate. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Following the massive triumph he experienced by successfully predicting the subprime mortgage crisis of 2007-2008, Dr. Michael Burry has grown into a living legend in the world of finance. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Scion was up 55%. , whose value fell approximately 0.1% in the past six months. Why has Burry, who is bearish on the . They manage Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. 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? Questions to ask Scion's current portfolio consists of nearly 82,000 beds of student accommodations in 126 communities, serving 76 college and university markets across 33 U.S. states. 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. Scion Asset Management. [9][31][6], He is a fan of heavy metal music, including bands such as Obituary, Lamb of God, Amon Amarth, Slipknot, King Diamond and Pantera. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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. Portfolio 9 Options 0 Performance. How do we make money? For example, front-running is when a financial professional buys or sell securities ahead of their client. 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. Questions to ask [5][6][7], He studied economics and pre-med at the University of California, Los Angeles, earned an MD degree from the Vanderbilt University School of Medicine,[6] and started but did not finish his residency[8] in pathology at Stanford University Medical Center. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Unlike HTTPS connections, HTTP connections are not encrypted. 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. The companys vast portfolio of products includes optical and electro-optical components and materials, fiber lasers, infrared optical components, and high-precision optical assemblies, amongst others. 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. Questions to ask What does this mean and why is this important? The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. 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. Scion Asset Management, LLC Holdings. WRITE REVIEW. Investor.com is your trustworthy guide to the world of personal finance. Questions to ask As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. [23], Burry initiated short position(s) on Tesla before or around early December 2020, according to a now-deleted tweet[24][25] and likely added to his short positions[26][27] after the market cap of Tesla surpassed that of Facebook. 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. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. The portfolio's exposure to China is also thought-provoking. has disclosed 9 total holdings in their latest SEC filings. 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. The majority of the companies in the funds portfolio are large-cap stocks. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. There are currently 6 companies in Mr. Burry's portfolio. 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. . 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. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. Please see our General Disclaimers for more information. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. The turnover rate is 70%. . The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . What does this mean? Will His AI Plans Be Any Different? 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. 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. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. And we will have another inflation spike. U.S Market Open - Market Closes in 49M 55S. MGM Resorts International (US:MGM) Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. . Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. , BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Fintel is a registered trademark. Why Didn't the Fed? Thanks for supporting the Wall Street Memes). Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. [9] While off duty at night, he worked on his hobby: financial investing. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. Quickly find out what the most recently closed or increased positions are. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. Form 13F is required to be filed within 45 days of the end of a calendar quarter. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. 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. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. All rights reserved. As a Certified B Corporation, our focus is simple: people before profits. 340.42% 1Y 3Y 5Y 10Y. 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. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. This website is provided as is without any representations or warranties, express or implied. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Michael Burry . Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. See how we calculate 13F filing performance here. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. The impact to a portfolio due to this purchase was 0.65%. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. I was damned sure I was going to pay it off. The total portfolio value may be much higher due to cash However, Burry is also known to take an approach that often contradicts what the broad market dictates. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Firm performs side-by-side management with accounts that have differing fee structures. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). 1-Year Performance. Please send any feedback, corrections, or questions to support@suredividend.com. 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. Dr. Burry The current portfolio value is calculated to be $47.00 Mil. Alibaba is down 71% from its October 2020 peak. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Does your firm, or anyone associated with the firm, practice as a law firm? [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. Bruce Berkowitz's: Fairholme Capital Management. JD.com, Inc. (US:JD) 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. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. Burry was born and grew up in San Jose, California. No. What does this mean? Charlie Munger - Daily Journal Corp. Our team combines decades of experience in all aspects of campus housing: residential life administration, real estate finance, program and asset management, plus practical knowledge from the ownership . What does this mean? Why doesnt your firm use a secure website? Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Michael Burry has been on a buying spree lately. Steven Cohen's: Point72 Asset Management. In total, Scion Asset Management manages $291.7 million in assets. At 06/30/2022: $3,309. Top 50 Scion Asset Management Holdings . This means they effectively own 0.6% of the company. All rights reserved. February 17, 2023. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. He also urged investors to liquidate their stocks. tips_and_updates Financial Advisor Education. Performance. The hedge fund exited positions including Alphabet Inc. and Facebook . [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. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. , Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. In his words: All my stock picking is 100% based on the concept of a margin of safety.. [] What does this mean and why is this important? The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. Thank you for your interest in the U.S. Securities and Exchange Commission. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 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. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Questions to ask 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. While this can be seen as "eating your own cooking," there are conflicts that may arise. Growth has also been smooth for the company due to the recurring nature of its business model. In addition, the fund holds 5,000,000 shares of . 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. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. And we could be headed for another recession. Here's how we make money. Black Knight Inc (US:BKI) What does this mean? What does this mean and why is it important? , The average market cap of the portfolio companies is close to $2.02 billion. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. What does this mean? : 000000000 | State of Incorp. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. 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. What conflicts do I need to be made aware of? Hedge funds are required to report only their long positions, not their short positions. Common Stock (US:US19247G1076) Address: 20665 4th Street Suite 201. For more information, contact opendata@sec.gov. 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. He has warned a severe recession on several occasions over the last year. Our Methodology. Questions to ask Investors profit from puts when the . The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. 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. Heejin Kim and Myungshin Cho (29 August 2019). Follow Tweet. Our partners compensate us through paid advertising. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). The Board of Directors. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. He has said, "Fresh, clean water cannot be taken for granted. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. "[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. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. and He looks for investments in undervalued companies with strong long-term prospects. 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. The stock is now traded at around $14.430000. Scion Asset Management Holdings Heatmap . 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. For the most up-to-date information, please view the applicable SEC and FINRA reports above. However, Dr. Burry has a much broader track record in the investing world. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. I was damned sure I was going to pay it off.. That would put the U.S. in a recession under "any definition.". 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. 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.
Kelly Johnson Obituary, Channel 4 Recipes Come Dine With Me, Who Makes Member's Mark Liquor, Articles S