Alibaba is down 71% from its October 2020 peak. Musk Made a Mess at Twitter. What does this mean and why is it important? Wolverine World Wide 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. I cover the recent 13F filings and the logic behind Michael Burry's po. Bruce Berkowitz's: Fairholme Capital Management. These positions were updated on November 14th based on the funds latest 13F filing. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. In January, Burry made predictions for an economic downturn in 2023. 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. What does this mean? Portfolio Gain +257.56%. How does your firm mitigate them? Keep reading this article to learn more about Scion Asset Management. Updated 05 Jan 2023. Burry's Scion sold all Gamestop shares in Q4 before GME went 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. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. We use the change in the portfolio allocation because this is the most meaningful metric. . 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. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. What does this mean? . Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. 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 . Upgrade to unlock premium data and export to Excel . Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. Burry followed up his warning by detailing his own experience with student debt. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Burry was born and grew up in San Jose, California. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. What conflicts arise from this relationship? Scion Asset Management currently serves clients in the following states: CA, TN. Will any of my assets be invested in those products? Description. 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. This page was last edited on 1 February 2023, at 20:47 (UTC). The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. 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. Does your firm offer mutual funds that have 12b-1 fees? February 17, 2023. 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. 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. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. 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). Scion Asset Management Holdings Heatmap . Michael Burry . 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 relationship may introduce bias where a firm or related person recommends certain securities with which they are affiliated, rather than others that may have higher returns. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. MGM Resorts International (US:MGM) What does this mean? Salesforce CEO Marc Benioff sounds the alarm on recession - with shades 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 . As of 7th November 2022, Scion Asset Management's top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Scion Asset Management Holdings Heatmap . 'Big Short' fund manager Burry dumps portfolio, buys prison stock [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]. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Steven Cohen's: Point72 Asset Management. in 2008. 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. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Firm can legally elect to accept commissions for their investment advisory services. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. What does this mean? 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 . and 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. [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. 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Scion Asset Management is headquartered in Saratoga, California. Black Knight Inc (US:BKI) Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History 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. That would put the U.S. in a recession under "any definition.". Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. For example, front-running is when a financial professional buys or sell securities ahead of their client. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Why doesnt your firm use a secure website? He has 25 years of experience as a finance and accounting executive, having served major private and public real estate firms as chief accounting officer, chief financial officer and senior vice president of strategic initiatives. Changes can be due to trades or changes in share prices. the total portfolio value. What percentage of income does your firm receive from fees versus commissions? compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). Terms of Use | Disclaimers | Privacy Policy. Portfolio manager(s) are listed as Michael Burry. 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. On this Wikipedia the language links are at the top of the page across from the article title. Link to 13F filings: SEC filings. 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). 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. On February 14, Michael Burry filed his company's holdings report with the SEC. 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. 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. These conflicts can negatively impact clients via hidden fees and overall higher costs. 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 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. While partners may pay to provide offers or be featured, e.g. The Company serves clients in the United States. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). As a result, we do not support personal reviews on the site. Scion Announces Addition of 20,000 Beds to its Portfolio of Student Financial plans and investment portfolios are always unique to the client's personal financial situation. financing, asset management, . This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. While this can be seen as "eating your own cooking," there are conflicts that may arise. Ray Dalio's: Bridgewater Associates. SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA And we will have another inflation spike. Scion Asset Management Investor Profile: Portfolio & Exits | PitchBook Competition has been eating the companys lunch for years, with Wolverine having a hard time sustaining its sales over the past decade, let alone growing them. Firm or an affiliate actively engages in business as a law firm or lawyer. What does this mean? Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. Investors following the companys 13F filings over the last 3 years (from mid-February 2020 through mid-February 2023) would have generated annualized total returns of 51.4%. Why does your firm believe in offering commission-based services to clients? 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. We have concerns regarding capital management at . These partnerships do not influence editorial content. DATAROMA Invest Alongside Superinvestors For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Michael Burry of Scion Asset Management. WRITE REVIEW. Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle In fact, Dr. Burry had showcased such great stock-picking skills that he drew the interest of companies such as Vanguard, White Mountains Insurance Group, and renowned investors such as Joel Greenblatt. This is a low margin business in the first place, and so despite the company posting record revenues last year, it saw a decline in earnings. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Top 10 Stocks Held By Scion Asset Management LLC Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? 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Average metrics of all companies in portfolio . Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. What does this mean? Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. FINRA data last verified February 17, 2023. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Scion Asset Management's Portfolio - All 9 Public Equity Investments. The Board of Directors. Scion Asset Management 13F annual report (2023) | wallmine Questions to ask Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. Why Didn't the Fed? The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. , The investment fund also strengthened its position in Geo by buying Operating as an online business, this site may be compensated through third party advertisers. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Portfolio 9 Options 0 Performance. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. 2023 Reink Media Group LLC. Questions to ask What does this mean? Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. * Reported Price is the price of the security as of the portfolio date. Common Stock (US:US19247G1076) In this episode, we hear how she became a sponge for product design, figured out how to make accessible yet high-end jewelry, and how she even relocated to China for the better part of a year to personally see to her brand's manufacturing. What does this mean and why is this important? Scion Asset Management Review. 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. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. T. Black Knight offers blended software, data, and analytics solutions all over the globe. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. [17], In an April 3, 2010 op-ed for The New York Times, Burry argued that anyone who studied the financial markets carefully in 2003, 2004 and 2005 could have recognized the growing risk in the subprime markets. What does this mean and why is it important? 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 . SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Scion's new purchases consist of . 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. 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. 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. Our system found no disciplinary alerts. , 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. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Grapevine, TX 76051. Ranked #44 out of 483 Hedge Fund Managers. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Does your fim accept soft-dollar benefits? They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. Hedge Fund Manager. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Firm performs side-by-side management with accounts that have differing fee structures. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. So is Burry less bearish on the U.S. economy than he was last year? Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. The advisory also believes in using fundamental analysis methods to assess . He has Rusyn ancestry. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Oils $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Current Michael Burry Portfolio 2020 Update - New Trader U Black Knight Inc (US:BKI) The Scion Asset Management manager revealed the purchase of seven new Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). A good way to understand Burry's thinking and Scion Asset Management's . The Scion Asset Management office and employees reside in Saratoga, California. Top 50 Scion Asset Management Holdings . Reference ID: 0.35841402.1677949840.1dcfc4e. Currently tracking portfolios of 77 superinvestors. Back on April 10, 2020, Michael Burry, who gained fame as a major character in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME) disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME's outstanding shares. Scion Asset Management Review | SmartAsset.com For the most up-to-date information, please view the applicable SEC and FINRA reports above. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. 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. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. "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. About Us - Scion Advisory While many fund managers and successful investors such as Cathie Wood are talking about their ideas several times a week in the news, Burry is more quiet. Scion Asset Management LLC Top Holdings 13F Filings 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 . Will anyone that was involved be involved with my accounts in any capacity? David Einhorn's: Greenlight Capital. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! The current portfolio value is calculated to be $47.00 Mil. 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. We reserve the right to block IP addresses that submit excessive requests. *SEC data last verified February 17, 2023. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Follow Tweet. Is your firm affiliated with a law firm in any capacity? Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. 100.0% [] Dr. Michael Burry Long Gamestop: Sends Letter to Board