exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. : DE | Fiscal Year End: 1231. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. "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. I was damned sure I was going to pay it off. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. 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. His analysis resulted in him shorting the market by convincing Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as weak. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which documented the history and events leading up to his contrarian but hugely successful bet against the real estate market in 2008. 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. Any data inaccuracies, please contact our team. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Here's what investors need to know about Michael Burry's long positions. Researcher and operations manager at DM Martins Research. , Why Didn't the Fed?
SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 Relative to the previous quarter there was a little reshuffling of his holdings. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. Keep reading this article to learn more about Scion Asset Management. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. He has Rusyn ancestry. 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. On February 14, Michael Burry filed his company's holdings report with the SEC. 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. Others say the plan is too costly and burdensome on taxpayers. The advisory also believes in using fundamental analysis methods to assess . Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. What does this mean? The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Firm or a related person trades securities for themselves that they also recommend to their clients. Black Knight Inc (US:BKI) What does this mean and why is it important? Following the massive triumph he experienced by successfully predicting the subprime mortgage crisis of 2007-2008, Dr. Michael Burry has grown into a living legend in the world of finance. 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. SCION ASSET MANAGEMENT, LLC. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Scion Asset Management, LLC Click the link icon to see the full transaction history.
Leadership - The Scion Group Since Jun 2013. Note: We do not offer technical support for developing or debugging scripted downloading processes. While this can be seen as "eating your own cooking," there are conflicts that may arise.
Top 10 Stocks Held By Scion Asset Management LLC He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. We use the change in the portfolio allocation because this is the most meaningful metric. 1,", "A Primer on Scion Capitals Subprime Mortgage Short", "Scion Asset Management - Quarterly Holdings Reports", https://en.wikipedia.org/w/index.php?title=Michael_Burry&oldid=1136913298, University of California, Los Angeles alumni, Vanderbilt University School of Medicine alumni, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 February 2023, at 20:47. Common Stock (US:US19247G1076) I cover the recent 13F filings and the logic behind Michael Burry's po.
Cassandra B.C. (@michaeljburry) / Twitter With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007.
Scion Asset Management LLC Top Holdings 13F Filings Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . financing, asset management, . [9] While off duty at night, he worked on his hobby: financial investing. Michael Burry is head of Scion Asset Management. What does this mean and why is this important? 66.7% of the portfolio companies What does this mean? 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. Burry has a strictly traditional understanding of value. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. What does this mean? What does this mean? Does your firm offer mutual funds that have 12b-1 fees? Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . The Scion Asset Management office and employees reside in Saratoga, California. Scion Asset Management. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Greenhaven Associates Updated 10 Jan 2023. What conflicts arise from this relationship? Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. What does this mean and why is it important? He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. 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. What does this mean?
Wolverine World Wide, Inc. (US:WWW) "[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. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. 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 . The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. At 06/30/2022: $3,309. 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. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names.
Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. , How does your firm approach insurance sales? David Einhorn's: Greenlight Capital. He has warned a severe recession on several occasions over the last year. 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. [17] He subsequently liquidated his company to focus on his personal investments.
Scion Asset Management Review | SmartAsset.com Scion Asset Management, LLC Portfolio Never miss a trade. Does your firm, or anyone associated with the firm, practice as a law firm? [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . On this Wikipedia the language links are at the top of the page across from the article title. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . You can download an Excel spreadsheet with metrics that matter of Scion Asset Managements current 13F equity holdings below: Click here to instantly download your free spreadsheet of all Scion Asset Management / Michael Burry holdings now, along with important investing metrics. 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. The portfolio's exposure to China is also thought-provoking. Questions to ask
Our system found no disciplinary alerts. As a result, we do not support personal reviews on the site. 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 fund focuses on investments in the United States as 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. Scion was up 55%.
While StockBrokers.com has all data verified by industry participants, it can vary from time to time. 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 . Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Common Stock (US:US19247G1076) 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.
Scion Asset Management, LLC In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. What does this mean? Questions to ask
This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Address: 20665 4th Street Suite 201. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. See the Top Performing Hedge-Funds > Michael Burry . The fund only has four clients. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Unlike HTTPS connections, HTTP connections are not encrypted. Scion Asset Management feels strongly about Neophotonics Corp and that is the reason they have added about 300000 shares of the firm to their fund. "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. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. 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). Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? For more information, contact opendata@sec.gov. What does this mean and why is it important? Ultimately, Burrys analysis proved right. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Grapevine, TX 76051. 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. : 000000000 | State of Incorp. Changes can be due to trades or changes in share prices. What does this mean? Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. What does this mean? Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. He also urged investors to liquidate their stocks. 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 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: Also, the article may contain affiliate links. Written by investor.com. While partners may pay to provide offers or be featured, e.g. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). [13], In 2005, Burry started to focus on the subprime market. Portfolio value: $46M+ Period: 2022 Q4. JD.com, Inc. (US:JD) Warren Buffett's: Berkshire Hathaway. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. The holding were 650,000 shares as of 2021-03-31. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). Fintel is a registered trademark. Burry's Scion Asset Management said in a regulatory filing in mid-May it had put options on 800,100 Tesla shares as of the end of the first quarter. His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. A good way to understand Burry's thinking and Scion Asset Management's .
Scion Asset Management, LLC - Filing History - Michael Burry - Fintel Investment adviser firms registered with the SEC may be required to provide to state securities authorities a copy of their Form ADV and any accompanying amendments filed with the SEC. Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. | 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. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Why has Burry, who is bearish on the . These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. 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. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans.
Will anyone that was involved be involved with my accounts in any capacity? , Questions to ask
Lets not forget that the student debt problem is built on a foundation of terrible major choices.Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America. He has said, "Fresh, clean water cannot be taken for granted. However, Burry is also known to take an approach that often contradicts what the broad market dictates. Please provide me a list of the products and a summary of how much your firm earns from them. [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.
Michael Burry | Scion Asset Management Profile - TipRanks.com 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. 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. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis.
'Big Short' Michael Burry Invested Twice in Bed Bath & Beyond Stock What does this mean and why is it important? Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Black Knight Inc (US:BKI) The average market cap of the portfolio companies is close to $2.02 billion.
The firm's asset exposure includes equities, derivatives, and fixed income instruments. 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. Questions to ask
The author may be long one or more stocks mentioned in this report. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Investors profit from puts when the . All rights reserved. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. The investment fund's only holding now is The . 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. Michael Burry is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. 12.25% 3-Year Performance. 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. the total portfolio value. Scion Asset Management also says it works to provide clients with a diverse mix of portfolio opportunities it believes will increase their chances of investment success.