Filing Date. Scion Asset Management is headquartered in Saratoga, California. He had already built a reputation as an investor at the time by exhibiting success in value investing. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Follow Tweet. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. Portfolio manager(s) are listed as Michael Burry. Qurate Retail Inc makes up Quickly find out what the most recently closed or increased positions are. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. Hedge funds are required to report only their long positions, not their short positions. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Grapevine, TX 76051. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Questions to ask
Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. Questions to ask
Geo dropped approximately 0.1% in the past year. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History See the Top Performing Hedge-Funds > Michael Burry . 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. 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. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. 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. Note: 13F filing performance is different than fund performance. Strategies arent specified: There isnt a lot of specificity provided . He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). No. Firm or an affiliate actively engages in business as a law firm or lawyer. 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. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Scion Asset Management General Information. 10/2021 4/18/2022 5:06:55 PM SCION ASSET MANAGEMENT, LLC SCION ASSET MANAGEMENT, LLC (2) If you are using this Form ADV to register more than one investment adviser under an umbrella registration , check this box . The firm's website is not secure by modern internet standards. Terms of Use | Disclaimers | Privacy Policy. Scion employs over 1,750 team members and has over $9 billion of assets under . What conflicts arise from this relationship? 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. Performance. What does this mean? This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. 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. and How do we make money? These partnerships do not influence editorial content. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 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 LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. 2015-2023 Fintel Ventures LLC. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Louis Bacon's: Moore Capital Management. Scion Asset Management, LLC Holdings. Warren Buffett's: Berkshire Hathaway. The investment fund also strengthened its position in Geo by buying Note: We do not offer technical support for developing or debugging scripted downloading processes. "[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. In his words: All my stock picking is 100% based on the concept of a margin of safety.. The majority of the companies in the funds portfolio are large-cap stocks. Bill Ackman's: Pershing Square Capital Management. 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. What does this mean? Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. 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." Please see our General Disclaimers for more information. 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. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. He looks for investments in undervalued companies with strong long-term prospects. We have concerns regarding capital management at . Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. This could be detrimental to a client during down markets. "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. This form was filed on 2023-02-14 for the reporting period 2022-12-31. 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. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Form 13F is required to be filed within 45 days of the end of a calendar quarter. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. There are currently 6 companies in Mr. Burry's portfolio. 340.42% 1Y 3Y 5Y 10Y. 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. The impact to a portfolio due to this purchase was 0.65%. Which securities does your firm trade for itself that it will also be recommending to me? 1-Year Performance. 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. Description. In total, Scion Asset Management manages $291.7 million in assets. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Questions to ask
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. Ranked #44 out of 483 Hedge Fund Managers. A regulatory agency other than 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. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. The average market cap of the portfolio companies is close to $2.02 billion. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. [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. Scion Asset Management, LLC In January, Burry made predictions for an economic downturn in 2023. 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 . 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. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Address: 20665 4th Street Suite 201. Scion Asset Management Q4 '22 Top Holdings (Author Spreadsheet 13F Data) Largely unrelated to one's personal attitude or opinion of Michael Burry, there are few 13F's in the industry that are more . Top 50 Scion Asset Management Holdings . The portfolio's exposure to China is also thought-provoking. Since Jun 2013. 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. Questions to ask
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. What does this mean and why is it important? 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. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. , Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Green rows indicate new positions. The GEO Group Inc (US:GEO) A good way to understand Burry's thinking and Scion Asset Management's . On February 14, Michael Burry filed his company's holdings report with the SEC. How does your firm mitigate them? This makes their stake in Geo total 2,019,150 shares worth $15.5 million. While partners may pay to provide offers or be featured, e.g. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. financing, asset management, . What does this mean? Scion Asset Management's public equity portfolio is heavily concentrated. This website is provided as is without any representations or warranties, express or implied. Questions to ask
The total portfolio value may be much higher due to cash Investor.com is your trustworthy guide to the world of personal finance. It is now the funds second-largest holding, accounting for 18.3% of its holdings. Scion Asset Management. February 17, 2023. How do these benefits affect the firms selection of a broker-dealer partner? Black Knight Inc (US:BKI) Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. This value is significant in that it is the last known price at which the security was still held. in 2008. 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. I was damned sure I was going to pay it off. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. He quickly earned extraordinary profits for his investors. Designer and entrepreneur Melody Ehsani takes us on a journey from her early days working retail, to designing her first shoes and jewelry lines, to collaborating with Red Hot Chili Peppers and Jordan brand before taking on a bespoke role at Foot Locker. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. The stock is now traded at around $14.430000. More than 90% of the beds are located in the US. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. In response, Alibaba has been repurchasing stock in bulk. JD.com, Inc. (US:JD) The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Is your firm a broker-dealer or are you affiliated with one? 100.0% exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. 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. We use the change in the portfolio allocation because this is the most meaningful metric. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. Fintel is a registered trademark. Currently, their heaviest sector is Real Estate making up 53.2% of [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. 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 . Michael Burry . Firm or related person receives soft-dollar benefits in connection with client securities transactions. 340.15% 5-Year Performance. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and . Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. The author may be long one or more stocks mentioned in this report. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". Scion has $638,901,404 assets under management (AUM). 1001 and 1030). Will any of my assets be invested in those products? During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Eventually Burry closed his fund and retired. [4] As a teenager, he attended Santa Teresa High School. Burry was born and grew up in San Jose, California. 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. I was damned sure I was going to pay it off.. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). (Disclaimers: this is not investment advice. 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. 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. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. Relative to the previous quarter there was a little reshuffling of his holdings. While this can be seen as "eating your own cooking," there are conflicts that may arise. Common Stock (US:US19247G1076) It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. [9], Despite not practicing, Burry has kept his license as a physician active with the Medical Board of California, including continuing education requirements.[10][11]. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Read through our introductory course to financial advisors. The current portfolio value is calculated to be $47.00 Mil. 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. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Michael Burry is an American investor, and hedge fund manager. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Questions to ask
Questions to ask
$48.3 Million Total portoflio value. , The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. The fund only has four clients. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. What does this mean and why is it important? | 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. 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. 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. Scion Asset Management 13F annual report. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Bloomberg via Getty Images. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. What does this mean? Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. 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. Does your firm offer mutual funds that have 12b-1 fees? tips_and_updates Financial Advisor Education. Saratoga, CA 95070. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. Portfolio value: $46M+ Period: 2022 Q4. Michael Burry of Scion Asset Management. 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.
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