Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. The portfolio is made up of a total of 102 facilities, including 82,000 beds. 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 . For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. As a result, we do not support personal reviews on the site. On this Wikipedia the language links are at the top of the page across from the article title. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. . Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. : 000000000 | State of Incorp. Michael Burry is head of Scion Asset Management. In fact, Dr. Burry had showcased such great stock-picking skills that he drew the interest of companies such as Vanguard, White Mountains Insurance Group, and renowned investors such as Joel Greenblatt. What does this mean? How does your firm mitigate them? To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Scion Asset Management Holdings Heatmap . Updated 05 Jan 2023. EXHIBIT C. July 28, 2019. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. 100.0% What does this mean? Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. 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. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. What does this mean? Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. Charlie Munger - Daily Journal Corp. The hedge fund exited positions including Alphabet Inc. and Facebook . Stocks with a size of more than $10 billion in market cap make up There are 3 companies that go by the name of Scion Asset Management, LLC. The fund only has four clients. , Musk Made a Mess at Twitter. 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. Investors profit from puts when the . This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Michael Burry has been on a buying spree lately. Questions to ask Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. The investment fund also strengthened its position in Geo by buying [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. *SEC data last verified February 17, 2023. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 408-441-8400 This video discusses the update to Michael Burry's portfolio (Scion Asset Management). The stock is now traded at around $14.430000. See how we calculate 13F filing performance here. 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. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. What does this mean? How does your firm approach insurance sales? "[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. Alibaba is down 71% from its October 2020 peak. 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). Thank you for your interest in the U.S. Securities and Exchange Commission. 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 is an investment fund managing more than $41.3 million ran by Michael Burry. 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. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. He has Rusyn ancestry. Profitability has also been weak. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. SkyWest, Inc. (US:SKYW) However, Burry is also known to take an approach that often contradicts what the broad market dictates. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Portfolio value: $46M+ Period: 2022 Q4. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. 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. On February 14, Michael Burry filed his company's holdings report with the SEC. 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). SEC Form 13F Filing History. Growth has also been smooth for the company due to the recurring nature of its business model. The Scion Group is the largest owner/operator of off-campus student housing communities globally. As a result, the company will soon be able to self-fund its growth and overall operations. Geo dropped approximately 0.1% in the past year. Warren Buffett's: Berkshire Hathaway. "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. 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's public equity portfolio is heavily concentrated. 2021-08-16. 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. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. 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. Data is sourced from 13D/13G, 13F, and N-Q filings. Black Knight Inc (US:BKI) What does this mean and why is this important? Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. 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. 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. 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. Chase Coleman's: Tiger Global Management. 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. What does this mean? Read through our introductory course to financial advisors. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. 20665 4th Street, Suite 201. A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. , Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. $48.3 Million Total portoflio value. What does this mean and why is it important? 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. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Why Didn't the Fed? Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their clients. Scion Asset Managements portfolio is diversified across 5 sectors. That would put the U.S. in a recession under "any definition.". Written by investor.com. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. What does this mean? The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. , <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. Also, the article may contain affiliate links. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. What conflicts arise from this relationship? Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. This could be detrimental to a client during down markets. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. I was damned sure I was going to pay it off. Reference ID: 0.35841402.1677949840.1dcfc4e. 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. He had already built a reputation as an investor at the time by exhibiting success in value investing. As of 7th November 2022, Scion Asset Managements top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. 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. And we will have another inflation spike. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. The third-largest holding is CoreCivic Inc worth $6.41 million and the next is Aerojet Rocketdyne Inc worth $5.3 million, with 132,561 shares owned. More than 90% of the beds are located in the US. approximately 0.1% of the total holdings value. "[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. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges.
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