"[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. There are currently 6 companies in Mr. Burry's portfolio. What does this mean? Average metrics of all companies in portfolio . Will His AI Plans Be Any Different? Description. Dr. Burry As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . This means they effectively own 0.6% of the company. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Common Stock (US:US19247G1076) Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry Scion Asset Management Review 2023 | investor.com [13], In 2005, Burry started to focus on the subprime market. Top 50 Scion Asset Management Holdings . Scion Asset Management, LLC [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Scion Asset Management, LLC 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. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. GameStop Corp. 625 Westport Parkway. Also, the article may contain affiliate links. WRITE REVIEW. Alibaba is down 71% from its October 2020 peak. 1-Year Performance. 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. Michael Burry - Wikipedia 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. 408-441-8400 In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . What does this mean? 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. The fund focuses on investments in the United States as A good way to understand Burry's thinking and Scion Asset Management's . On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. What does this mean and why is it important? A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. He has Rusyn ancestry. 0001567619-21-010281.txt. , He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. It would appear that Burry is betting that China will rebound. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. 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. These filings are called "notice filings". Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. 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. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. 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. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. [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. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. 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 Holdings Heatmap . What does this mean? 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. Visit Site, Is this your firm? 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 Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Investor.com is your trustworthy guide to the world of personal finance. 2023 Reink Media Group LLC. 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. 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. $48.3 Million Total portoflio value. Note: We do not offer technical support for developing or debugging scripted downloading processes. | 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. What happened? Burry's Scion sold all Gamestop shares in Q4 before GME went And JD.com is in a similar situation, being 57% below its peak in February 2021. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. 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. What does this mean? 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: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Ranked #44 out of 483 Hedge Fund Managers. How do these benefits affect the firms selection of a broker-dealer partner? When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Others say the plan is too costly and burdensome on taxpayers. Checks take place monthly. IAPD - Investment Adviser Public Disclosure - Homepage Most recent portfolio value is calculated to be $ 46,536,925 USD. The investment fund also strengthened its position in Geo by buying EXHIBIT C. July 28, 2019. Stocks with a size of more than $10 billion in market cap make up 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. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. For more information, please see the SECs Web Site Privacy and Security Policy. Questions to ask What does this mean and why is this important? Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. 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 example, front-running is when a financial professional buys or sell securities ahead of their client. Our Methodology. 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. [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. 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). David Einhorn's: Greenlight Capital. The firm prefers to employ long/short, market neutral, and activist strategies. Updated 05 Jan 2023. Scion Asset Management, LLC's top holdings are What does this mean? Cassandra B.C. (@michaeljburry) / Twitter Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. All requests for updated information should also be reported directly to the SEC and/or FINRA. Black Knight Inc (US:BKI) They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. 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. 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. Follow Michael Burry and Buy GEO Stock | InvestorPlace Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. 347 Followers. What does this mean? 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. He had already built a reputation as an investor at the time by exhibiting success in value investing. Geo dropped approximately 0.1% in the past year. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. That would put the U.S. in a recession under "any definition.". Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet 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. 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 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 . Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). Investors profit from puts when the . Hedge Fund Manager. Our partners compensate us through paid advertising. 'Big Short' Michael Burry Invested Twice in Bed Bath & Beyond Stock 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. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. "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. 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. Scion employs over 1,750 team members and has over $9 billion of assets under . The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. He has said more than once that his investment style is built upon Benjamin Graham and David Dodds 1934 book Security Analysis: "All my stock picking is 100% based on the concept of a margin of safety. SEC Form 13F Filing History. Performance. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. And we could be headed for another recession. 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 . 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. The firm's website is not secure by modern internet standards. Will anyone that was involved be involved with my accounts in any capacity? Fintel is a registered trademark. 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. 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. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Unlike HTTPS connections, HTTP connections are not encrypted. Strategies arent specified: There isnt a lot of specificity provided . SkyWest, Inc. (US:SKYW) Does the firm offer products that have performance-based fees, or does it accept performance-based fees? 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. Regulatory disclosures state that firm sells proprietary investments and products. Firm or related person receives soft-dollar benefits in connection with client securities transactions. The current portfolio value is calculated to be $47.00 Mil. . Questions to ask 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 . Questions to ask Questions to ask 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. [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. How do we make money? Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Alibaba Group Holding Limited ADR (US:BABA) The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. These conflicts can negatively impact clients via hidden fees and overall higher costs. 20665 4th Street, Suite 201. As a Certified B Corporation, our focus is simple: people before profits. The turnover rate is 70%. Point72 Asset Management . See how we calculate 13F filing performance here. Michael Burry is an American investor, and hedge fund manager. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed By Steve Burns. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. The company has been growing rapidly over the past few years while retaining compelling profitability levels. 340.42% 1Y 3Y 5Y 10Y. [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. 2015-2023 Fintel Ventures LLC. 0001567619-21-015632. 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. At 06/30/2022: $3,309. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. 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. The average market cap of the portfolio companies is close to $2.02 billion. Questions to ask See the Top Performing Hedge-Funds > Michael Burry . Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. The majority of the companies in the funds portfolio are large-cap stocks. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. 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. Please declare your traffic by updating your user agent to include company specific information. , Burry was born and grew up in San Jose, California. 12.25% 3-Year Performance. Interestingly enough, when Dr. Burry had to pay for the credit default swaps, he experienced an investor revolt, as some investors in his fund feared his prophecy was inaccurate, requesting to withdraw their funds. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. More than 90% of the beds are located in the US. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider 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. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Eventually Burry closed his fund and retired. 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla Green rows indicate new positions. [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. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. He then left to start his own hedge fund. We've received your submission. 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. In January, Burry made predictions for an economic downturn in 2023. Scion asset management - What are they investing in Right Now? Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. Geo dropped approximately 0.1% in the past year. SCION ASSET MANAGEMENT, LLC: CHIEF EXECUTIVE OFFICER: direct: 2013-03-01: CLARKE BENNITT MANAGEMENT, LP: PRINCIPLE OWNER: indirect: 2005-02-01: 2006-01-20: BURRY, ANH-THI: TRUSTEE THE BURRY 2003 REVOCABLE TRUST: 05/01/2003: Indirect Other: Fund Name Position direct/indirect start date end date; SCION ASSET MANAGEMENT, LLC: Qualified participating firms must abide by investor.com Certification program's terms and conditions when utilizing an awarded "Trusted by investor.com" badge, as well as in connection with permitted enhancements to the firm's investor.com profile page. Charlie Munger - Daily Journal Corp. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Scion Asset Management, LLC operates as an investment firm. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. 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 . Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock While StockBrokers.com has all data verified by industry participants, it can vary from time to time. The firm's asset exposure includes equities, derivatives, and fixed income instruments. Michael Burry is head of Scion Asset Management. Ultimately, Burrys analysis proved right. Scion Asset Management 13F annual report (2023) | wallmine We use the change in the portfolio allocation because this is the most meaningful metric. Scion Asset Management, LLC Portfolio Never miss a trade. All rights reserved. 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. 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. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Does your firm offer mutual funds that have 12b-1 fees? It is now the funds second-largest holding, accounting for 18.3% of its holdings. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech Leadership - The Scion Group Questions to ask But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. What does this mean and why is it important? Bruce Berkowitz's: Fairholme Capital Management. Ray Dalio's: Bridgewater Associates. As a result, the company will soon be able to self-fund its growth and overall operations. 2021-08-16. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). [30], Burry is married, with children, and was living in Saratoga, California in 2010. 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. These companies are located in Dover DE, Madison WI, and Saratoga CA. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . FINRA data last verified February 17, 2023. All rights reserved. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. MGM Resorts International (US:MGM) 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. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023.
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