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. Average metrics of all companies in portfolio . Scion Asset Management currently serves clients in the following states: CA, TN. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. While this can be seen as "eating your own cooking," there are conflicts that may arise. Scion has $638,901,404 assets under management (AUM). The impact to a portfolio due to this purchase was 0.65%. Regulatory disclosures state that firm sells proprietary investments and products. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Scion Asset Management Review | SmartAsset.com The fund focuses on investments in the United States as Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. 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). Salesforce CEO Marc Benioff sounds the alarm on recession - with shades 408-441-8400 Burry's Scion sold all Gamestop shares in Q4 before GME went What does this mean? Read through our introductory course to financial advisors. . documented the history and events leading up to his contrarian but hugely successful bet against the real estate market Follow Tweet. There are currently 6 companies in Mr. Burrys portfolio. Michael Burry is Betting Everything on These 6 Stocks He has Rusyn ancestry. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Operating as an online business, this site may be compensated through third party advertisers. [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. Which securities does your firm trade for itself that it will also be recommending to me? assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Should I Hire a Financial Advisor or DIY It? Can I Invest In Scion Asset Management - InvestmentProGuide.com Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Updated 05 Jan 2023. What does this mean? Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 [30], Burry is married, with children, and was living in Saratoga, California in 2010. And we could be headed for another recession. These conflicts can negatively impact clients via hidden fees and overall higher costs. : 000000000 | State of Incorp. This could be detrimental to a client during down markets. The holding were 650,000 shares as of 2021-03-31. , The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Firm recommends securities or other investment products to advisory clients in which the firm or a related person has some other proprietary (ownership) interest that isnt related to trading or holding the security or securities themselves personally. Cathie Wood says Michael Burry doesn't understand innovation space The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha Latest Holdings, Performance, AUM (from 13F, 13D). Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. All requests for updated information should also be reported directly to the SEC and/or FINRA. What does this mean and why is this important? He quickly earned extraordinary profits for his investors. These positions were updated on November 14th based on the funds latest 13F filing. What does this mean? Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. 18951. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. Will anyone that was involved be involved with my accounts in any capacity? There are 3 companies that go by the name of Scion Asset Management, LLC. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Fintel is a registered trademark. [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. What conflicts do I need to be made aware of? Grapevine, TX 76051. The majority of the companies in the funds portfolio are large-cap stocks. And it is notwater is political, and litigious. This form was filed on 2023-02-14 for the reporting period 2022-12-31. Portfolio manager(s) are listed as Michael Burry. tips_and_updates Financial Advisor Education. What does this mean? Scion's new purchases consist of . 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. 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. 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. MGM Resorts International (US:MGM) What does this mean? SCION ASSET MANAGEMENT, LLC | LinkedIn Ultimately, Burrys analysis proved right. 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. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. 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). What does this mean? Unlike HTTPS connections, HTTP connections are not encrypted. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. 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. Green rows indicate new positions. It's not hard.". Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Michael Burry is an American investor, and hedge fund manager. 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. The investment fund also strengthened its position in Geo by buying "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which The advisory also believes in using fundamental analysis methods to assess . Michael Burry . has disclosed 9 total holdings in their latest SEC filings. 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. Note: 13F filing performance is different than fund performance. Black Knight Inc (US:BKI) As a result, we do not support personal reviews on the site. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. 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. 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. Scion Asset Managements portfolio is diversified across 5 sectors. Dr. Burry financing, asset management, . While StockBrokers.com has all data verified by industry participants, it can vary from time to time. in 2008. These filings are called "notice filings". Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. 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. Scion Asset Management Holdings Heatmap . Greenhaven Associates Updated 10 Jan 2023. Portfolio manager(s) are listed as Michael Burry. [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. IAPD - Investment Adviser Public Disclosure - Homepage At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. 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. Our system found no disciplinary alerts. They manage When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt, Burry tweeted Wednesday. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. 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. 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. 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. In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. . Scion Asset Management, LLC Bu - GuruFocus.com Is your firm affiliated with a law firm in any capacity? The stock is now traded at around $14.430000. Scion Asset Management, LLC - Filing History - Michael Burry - Fintel February 17, 2023. The current portfolio value is calculated to be $47.00 Mil. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. Note: We do not offer technical support for developing or debugging scripted downloading processes. Here's what investors need to know about Michael Burry's long positions. The Company serves clients in the United States. [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". Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. Thanks for supporting the Wall Street Memes). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. He only looks for their undervalued elements, regardless of their sector and class. Performance. Verition Fund Management LLC increased its holdings in shares of ScION Tech Growth II (NASDAQ:SCOB - Get Rating) by 153.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Firm or an affiliate actively engages in business as a law firm or lawyer. Firm or a related person trades securities for themselves that they also recommend to their clients. Qurate Retail Inc makes up 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. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. DATAROMA Superinvestors Portfolio 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. 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. and In January, Burry made predictions for an economic downturn in 2023. Does your fim accept soft-dollar benefits? Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This value is significant in that it is the last known price at which the security was still held. What does this mean and why is it important? WRITE REVIEW. Portfolio 9 Options 0 Performance. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. 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. Also, the article may contain affiliate links. Top 10 Stocks Held By Scion Asset Management LLC So while Michael Burry's hedge fund has about $46.5 million in long positions reported in its 13F, it is likely that behind this may be another "big short." 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. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! All rights reserved. In total, Scion Asset Management manages $291.7 million in assets. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . The investment fund's only holding now is The . Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. What does this mean and why is it important? 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. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla Our Methodology. 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. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. 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. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. SCION ASSET MANAGEMENT, LLC. 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. Click the link icon to see the full transaction history. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. EDGAR Filing Documents for 0001567619-21-010281 - SEC He has warned a severe recession on several occasions over the last year. It is now the funds third-largest holding, accounting for 12.8% of its holdings. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. Hedge Fund and Insider Trading News: Michael Burry, Bridgewater 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. 'Big Short' fund manager Burry dumps portfolio, buys prison stock Scion Asset Management General Information. , whose value fell approximately 0.1% in the past six months. Questions to ask He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. 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. approximately 0.1% of the total holdings value. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Others say the plan is too costly and burdensome on taxpayers. Michael Burry recently added seven new stocks to his hedge fund, Scion Asset Management, including Chinese e-commerce companies Alibaba and JD.com and technology firm Black Knight. And JD.com is in a similar situation, being 57% below its peak in February 2021. 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