Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. 2015-2023 Fintel Ventures LLC. A Self-Regulatory Organization 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. Does your fim accept soft-dollar benefits? 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. 1-Year Performance. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. 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. What does this mean? U.S Market Open - Market Closes in 49M 55S. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. What does this mean and why is it important? Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. It is now the funds third-largest holding, accounting for 12.8% of its holdings. 347 Followers. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. 408-441-8400 Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC.
Michael Burry's Scion hedge fund disclosed holdings for first time in 2 Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed 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 . 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 . MGM Resorts International (US:MGM) Our Methodology. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. What does this mean and why is it important? Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website.
Michael Burry is Betting Everything on These 6 Stocks Our system found no disciplinary alerts. The firm's website is not secure by modern internet standards.
Scion Asset Management 13F annual report (2023) | wallmine 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. Heejin Kim and Myungshin Cho (29 August 2019). 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. : 000000000 | State of Incorp. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. When? Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Follow Tweet. What does this mean? Scion Asset Management 13F annual report. Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. Questions to ask
"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. Should I Hire a Financial Advisor or DIY It? Form 13F is required to be filed within 45 days of the end of a calendar quarter. What does this mean?
Scion Asset Management Fund Performance History & Annualized Return 1,517,790 additional shares. What conflicts do I need to be made aware of? 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. and 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 Asset Management, LLC's new positions include Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. What does this mean and why is it important? Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Currently tracking portfolios of 77 superinvestors. Unlike HTTPS connections, HTTP connections are not encrypted. The fund only has four clients.
The Scion Asset Management manager revealed the purchase of seven new ", "Why Is Michael Burry Investing In Water? Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. How does your firm approach insurance sales? He has Rusyn ancestry. Questions to ask
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.
Scion Asset Management Review 2023 | investor.com The firm's asset exposure includes equities, derivatives, and fixed income instruments. This could be detrimental to a client during down markets. What does this mean and why is it important? 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. Description. As a Certified B Corporation, our focus is simple: people before profits. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. 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. For further detail, see our articles on different types of advisors and financial advisor services. 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. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. 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. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? Average metrics of all companies in portfolio . Our partners compensate us through paid advertising. Updated 05 Jan 2023. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. Scion Asset Management, LLC's top holdings are And we will have another inflation spike. Scion Asset Management's Portfolio - All 9 Public Equity Investments. These conflicts can negatively impact clients via hidden fees and overall higher costs. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed).
Michael Burry | Scion Asset Management Profile - TipRanks.com What does this mean? [] For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 340.15% 5-Year Performance. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. What does this mean and why is this important? The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Burry followed up his warning by detailing his own experience with student debt. What does this mean? . Quickly find out what the most recently closed or increased positions are. SCION ASSET MANAGEMENT, LLC. Researcher and operations manager at DM Martins Research. "[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. Scion Asset Management's public equity portfolio is heavily concentrated. 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. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Changes can be due to trades or changes in share prices. They manage
The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha What does this mean? Will any of my assets be invested in those products? What does this mean?
Scion Asset Management Review - MagnifyMoney 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. A good way to understand Burry's thinking and Scion Asset Management's . 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. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. Questions to ask
The concept of Value Investing can sum up Michael Burrys whole investment philosophy. 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. He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Visit Site, Is this your firm? Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Checks take place monthly. Scion Asset Managements portfolio is diversified across 5 sectors. Investor.com is your trustworthy guide to the world of personal finance. The impact to a portfolio due to this purchase was 0.65%. Chase Coleman's: Tiger Global Management. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. These companies are located in Dover DE, Madison WI, and Saratoga CA. , "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. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. What does this mean and why is it important? Firm's/Financial Professional's investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. , With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. Investors profit from puts when the .
Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. 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. He quickly earned extraordinary profits for his investors. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. These positions were updated on November 14th based on the funds latest 13F filing. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. $48.3 Million Total portoflio value. approximately 0.1% of the total holdings value. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry.
Scion Asset Management, LLC operates as an investment firm. Red rows indicate closed positions. * Reported Price is the price of the security as of the portfolio date. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. What does this mean? The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. More than 90% of the beds are located in the US. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Data is sourced from 13D/13G, 13F, and N-Q filings. Nothing on this website constitutes, or is meant to constitute, advice of any kind. And we could be headed for another recession. *SEC data last verified February 17, 2023. 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. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. The firm prefers to employ long/short, market neutral, and activist strategies. SkyWest, Inc. (US:SKYW) Grapevine, TX 76051.
Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet The Company serves clients in the United States. 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. Guinea Sets Two-Week Deadline for Alumina Plants Projects, RAF Jets Escort Plane in Distress to Stansted Airport, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows, Rivian Tells Staff EV Output May Be 24% More Than Forecast, VW Will Build a $2 Billion Electric Truck and SUV Plant in South Carolina, Meta Cuts the Price of Its Quest Headset Up to 33% After Disappointing Demand, John Malone andCharter Directors Agree to $87.5 Million Settlement, Apples Cloud Chief to Leave, Adding to Wave of Departures, Congo President Tells Macron Conflict in East May Delay Election, Anti-ESG Crusader Wants to Take Trumps Agenda to Next Level, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Ray Dalio's: Bridgewater Associates. 66.7% of the portfolio companies After attending medical school, Dr. Burry left to start his own hedge fund in 2000. There are currently 6 companies in Mr. Burry's portfolio. How does your firm mitigate them? Yes or Questions to ask
Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. 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). Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. Scion Asset Management General Information. Saratoga, CA 95070. 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. 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 . He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th.
Michael Burry Stock Portfolio 2023 - Scion Asset Management Holdings 13F Latest Holdings, Performance, AUM (from 13F, 13D). 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. 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. Published on February 27th, 2023 by Nikolaos Sismanis. In addition, the fund holds 5,000,000 shares of . Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Our team combines decades of experience in all aspects of campus housing: residential life administration, real estate finance, program and asset management, plus practical knowledge from the ownership . in 2008.
Scion Asset Management, LLC It charges an asset-based management fee that can be as high as 2% per year, while it may also take up to 20% of the value of the appreciation from each clients account. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Saratoga, CA 95070. 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, 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. What does this mean?
Salesforce CEO Marc Benioff sounds the alarm on recession - with shades Portfolio manager(s) are listed as Michael Burry.
Dr. Michael Burry Long Gamestop: Sends Letter to Board To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History EXHIBIT C. July 28, 2019. The current portfolio value is calculated to be $47.00 Mil. 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. Hedge Fund Manager. It's not hard.". As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. What does this mean and why is it important? Warren Buffett's: Berkshire Hathaway.
DATAROMA Superinvestors Portfolio Holdings This page was last edited on 1 February 2023, at 20:47 (UTC). All requests for updated information should also be reported directly to the SEC and/or FINRA. 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 a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022.
Cassandra B.C. (@michaeljburry) / Twitter He looks for investments in undervalued companies with strong long-term prospects. The hedge fund exited positions including Alphabet Inc. and Facebook . At 06/30/2022: $3,309. 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. He had already built a reputation as an investor at the time by exhibiting success in value investing. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry See the Top Performing Hedge-Funds > Michael Burry . Stocks and cryptocurrency portfolio tracker. Does your firm offer mutual funds that have 12b-1 fees? With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. 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. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. Filing Date. Bruce Berkowitz's: Fairholme Capital Management. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
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