What does this mean and why is this important? He looks for investments in undervalued companies with strong long-term prospects. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Bruce Berkowitz's: Fairholme Capital Management. , [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Also, the article may contain affiliate links. The Scion Asset Management manager revealed the purchase of seven new Thanks for supporting the Wall Street Memes). [30], Burry is married, with children, and was living in Saratoga, California in 2010. Scion Announces Addition of 20,000 Beds to its Portfolio of Student Scion Asset Management 13F annual report. | 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. 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. Since Jun 2013. Michael Burry - Wikipedia Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Black Knight Inc (US:BKI) When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. The hedge fund exited positions including Alphabet Inc. and Facebook . These positions were updated on November 14th based on the funds latest 13F filing. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. What does this mean? 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 . "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. 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. and , T. Black Knight offers blended software, data, and analytics solutions all over the globe. , Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Nothing on this website constitutes, or is meant to constitute, advice of any kind. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. 12.25% 3-Year Performance. Alibaba is down 71% from its October 2020 peak. Scion Asset Managements portfolio is diversified across 5 sectors. Does your firm perform side-by-side management? The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. Saratoga, CA 95070. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. [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. Geo dropped approximately 0.1% in the past year. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Data is sourced from 13D/13G, 13F, and N-Q filings. 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. This could also limit the number and diversity of investment options available and may impact their transferability. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. He also urged investors to liquidate their stocks. Why Didn't the Fed? Common Stock (US:US19247G1076) 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. Will any of my assets be invested in those products? Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. [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 the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Note: 13F filing performance is different than fund performance. Why doesnt your firm use a secure website? Ranked #44 out of 483 Hedge Fund Managers. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information When? SEC Form 13F Filing History. Scion Asset Management 13F annual report (2023) | wallmine While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. Apply for Trusted badge. 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. For further detail, see our articles on different types of advisors and financial advisor services. 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. Michael Burry of Scion Asset Management. 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. Scion Asset Management, LLC Portfolio Never miss a trade. 2015-2023 Fintel Ventures LLC. Qurate Retail Inc makes up 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. [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. The impact to a portfolio due to this purchase was 0.65%. 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. 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. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. "Here's the story of one of the heroes of 'The Big Short', "The True Story Behind The Big Short - Real Michael Burry", The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History, "Mercury News Interview: Hedge fund manager saw subprime meltdown coming", "These Doctors Mean Business," Whitney, Kathy, Medicine (Vanderbilt School of Medicine), Summer 2014, "Learning From Dr. Michael Burry's Investment Philosophy", "Michael Burry Profiled: Bloomberg Risk Takers", "I Saw the Crisis Coming. $48 Million Michael Burry Portfolio / Scion Asset Management, LLC Portfolio value: $46M+ Period: 2022 Q4. Scion Asset Management, LLC operates as an investment firm. The holding were 650,000 shares as of 2021-03-31. He has said, "Fresh, clean water cannot be taken for granted. What does this mean and why is it important? Relative to the previous quarter there was a little reshuffling of his holdings. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. are based in the United States. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Scion Asset Management, LLC 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. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. 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Currently, their heaviest sector is Real Estate making up 53.2% of Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. DATAROMA Invest Alongside Superinvestors However, Dr. Burry has a much broader track record in the investing world. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . The GEO Group Inc (US:GEO) 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. All rights reserved. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. 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. The fund has around $291.7 million in assets under management (AUM), $41.3 million of which is allocated to the firms public equity portfolio. 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. The current portfolio value is calculated to be $47.00 Mil. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. For more information, please see the SECs Web Site Privacy and Security Policy. (Disclaimers: this is not investment advice. Geo dropped approximately 0.1% in the past year. 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. The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Upgrade to unlock premium data and export to Excel . Will any of my assets be invested in those products? Is your firm a broker-dealer or are you affiliated with one? While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Scion Asset Management Holdings Heatmap . SCION ASSET MANAGEMENT - The Economic Times Saratoga, CA 95070. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! We use the change in the portfolio allocation because this is the most meaningful metric. Scion Asset Management, the firm of "The Big Short" investor Michael Burry, disclosed this week that during the fourth quarter of 2019, it closed its holding in Bed Bath & Beyond Inc. (NASDAQ:BBBY . 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). This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. All rights reserved. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. 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. What does this mean? 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. Firm or an affiliate actively engages in business as a law firm or lawyer. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. $41.4 million and $41.2 million respectively. Top 50 Scion Asset Management Holdings . Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Burry was born and grew up in San Jose, California. These conflicts can negatively impact clients via hidden fees and overall higher costs. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. 1-Year Performance. tips_and_updates Financial Advisor Education. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. The author may be long one or more stocks mentioned in this report. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Questions to ask What conflicts arise from this relationship? About Us - Scion Advisory Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. DATAROMA Superinvestors Portfolio Holdings The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. 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. The total portfolio value may be much higher due to cash Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Home - sciens water Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. The firm may also use leverage and derivative strategies to increase the rate of client success. Why has Burry, who is bearish on the . Most recent portfolio value is calculated to be $ 46,536,925 USD. As a Certified B Corporation, our focus is simple: people before profits. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. [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. IAPD - Investment Adviser Public Disclosure - Homepage What does this mean? What conflicts do I need to be made aware of? While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. "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. Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. 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. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. 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. Eventually Burry closed his fund and retired. What does this mean? Michael Burry Portfolio and News | GuruFocus 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. Firm performs side-by-side management with accounts that have differing fee structures. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? 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. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. 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