documented the history and events leading up to his contrarian but hugely successful bet against the real estate market Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. For the most up-to-date information, please view the applicable SEC and FINRA reports above. 66.7% of the portfolio companies 1001 and 1030). Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. and Scion Asset Management, LLC Michael Burry's Hedge Fund Scion Buys GEO Stock, Dumps META, GOOGL I cover the recent 13F filings and the logic behind Michael Burry's po. Louis Bacon's: Moore Capital Management. 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 . Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. What does this mean? 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. He also urged investors to liquidate their stocks. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq [13], In 2005, Burry started to focus on the subprime market. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Scion Asset Management LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. This means they effectively own 0.6% of the company. 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 GEO Group Inc (US:GEO) Currently tracking portfolios of 77 superinvestors. 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. Scion Asset Management General Information. 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. What does this mean and why is it important? Questions to ask
100.0% Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. Current Michael Burry Portfolio 2021 Q1 Update - New Trader U 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. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla 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. 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. It is now the funds second-largest holding, accounting for 18.3% of its holdings. WRITE REVIEW. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. How do these benefits affect the firms selection of a broker-dealer partner? We reserve the right to block IP addresses that submit excessive requests. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. The company has been growing rapidly over the past few years while retaining compelling profitability levels. 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. Does your firm offer mutual funds that have 12b-1 fees? Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. 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. What does this mean and why is it important? Please see our General Disclaimers for more information. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 12.25% 3-Year Performance. All requests for updated information should also be reported directly to the SEC and/or FINRA. EDGAR Filing Documents for 0001567619-21-015632 - SEC The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. 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. And we could be headed for another recession. Should I Hire a Financial Advisor or DIY It? Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. What does this mean? Questions to ask
Firm performs side-by-side management with accounts that have differing fee structures. Michael Burry has been on a buying spree lately. the total portfolio value. Point72 Asset Management . Cassandra B.C. (@michaeljburry) / Twitter Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed February 17, 2023. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Michael Burry's Scion Asset Management Buys 5 Stocks in the - Yahoo! All rights reserved. All Scion Asset Management, LLC holdings are listed in the following tables. That would put the U.S. in a recession under "any definition.". 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. What percentage of income does your firm receive from fees versus commissions? The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Note: We do not offer technical support for developing or debugging scripted downloading processes. Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA FINRA data last verified February 17, 2023. * Reported Price is the price of the security as of the portfolio date. The impact to a portfolio due to this purchase was 0.65%. has disclosed 9 total holdings in their latest SEC filings. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. 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. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. 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. Questions to ask
SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. 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. The firm may also use leverage and derivative strategies to increase the rate of client success. For further detail, see our articles on different types of advisors and financial advisor services. The fund focuses on investments in the United States as No. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Geo dropped approximately 0.1% in the past year. What does this mean and why is it important? Grapevine, TX 76051. 20665 4th Street, Suite 201. , 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". It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. GameStop Corp. 625 Westport Parkway. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Scion Asset Management, LLC Bu - GuruFocus.com Scion Asset Management 13F annual report. What does this mean and why is it important? Scion employs over 1,750 team members and has over $9 billion of assets under . 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. Data is sourced from 13D/13G, 13F, and N-Q filings. SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com 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. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Upgrade to unlock premium data and export to Excel . 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. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. Michael Burry . Researcher and operations manager at DM Martins Research. 'Big Short' fund manager Burry dumps portfolio, buys prison stock Specifically, the company repurchased nearly $9.7 billion worth of stock last year. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. 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. Red rows indicate closed positions. There are 3 companies that go by the name of Scion Asset Management, LLC. Home - sciens water SEC Form 13F Filing History. Scion Asset Management 13F annual report (2023) | wallmine What does this mean? Bill Ackman's: Pershing Square Capital Management. [19] He has focused much of his attention on investing in water, gold, and farm land. 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. Scion's new purchases consist of . Portfolio manager(s) are listed as Michael Burry. Michael Burry - Wikipedia Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. Fintel is a registered trademark. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). 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." 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). 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. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Click the link icon to see the full transaction history. 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. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Top 50 Scion Asset Management Holdings . Common Stock (US:US19247G1076) Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. What does this mean? Strategies arent specified: There isnt a lot of specificity provided . Musk Made a Mess at Twitter. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Does your firm perform side-by-side management? We've received your submission. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which The Board of Directors. Quickly find out what the most recently closed or increased positions are. Unlike HTTPS connections, HTTP connections are not encrypted. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. 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 . These filings are called "notice filings". CUPERTINO, Calif.--(BUSINESS WIRE)--On August 16 th, Scion Asset Management sent a letter to the Board of Directors of GameStop Corp. urging the Board to direct the full execution of its March 4 . 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. , Our Methodology. 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