The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Financial plans and investment portfolios are always unique to the client's personal financial situation. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. 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. 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). Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Checks take place monthly. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. 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. Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance. , ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Will any of my assets be invested in those products? Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. 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 . What does this mean? "[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. Does your firm, or anyone associated with the firm, practice as a law firm? Our Methodology. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. Scion Asset Management Holdings Heatmap . All rights reserved. He has said more than once that his investment style is built upon Benjamin Graham and David Dodds 1934 book Security Analysis: "All my stock picking is 100% based on the concept of a margin of safety. [23], Burry initiated short position(s) on Tesla before or around early December 2020, according to a now-deleted tweet[24][25] and likely added to his short positions[26][27] after the market cap of Tesla surpassed that of Facebook. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. 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. Michael Burry of Scion Asset Management. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. In early January, he posted to his Twitter account that inflation had "peaked," but that this would not be the last peak of the cycle. Hedge funds are required to report only their long positions, not their short positions. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . (Disclaimers: this is not investment advice. 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. Founded in 2018 as an unbiased resource empowering consumers to research and compare financial advisory firms, investor.com today gives consumers the tools to make smart money decisions about credit, retirement planning, and more. Scion Asset Management, LLC Holdings. FINRA data last verified February 17, 2023. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. The advisory also believes in using fundamental analysis methods to assess . Should I Hire a Financial Advisor or DIY It? Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Figure 1:What to Know About Michael "Big Short" Burry's Latest Stock Purchase, Read also: GameStop Stock: What the SEC Says About Direct Registration. Alibaba is down 71% from its October 2020 peak. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. 408-441-8400 Click the link icon to see the full transaction history. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Published on February 27th, 2023 by Nikolaos Sismanis. Portfolio 9 Options 0 Performance. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. Link to 13F filings: SEC filings. 2015-2023 Fintel Ventures LLC. 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. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. Stocks and cryptocurrency portfolio tracker. This value is significant in that it is the last known price at which the security was still held. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. These companies are located in Dover DE, Madison WI, and Saratoga CA. 18951. 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 . Michael Burry . For further detail, see our articles on different types of advisors and financial advisor services. | 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. How do we make money? This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Why does your firm believe in offering commission-based services to clients? Questions to ask What does this mean? 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. [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? He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. The turnover rate is 70%. Charlie Munger - Daily Journal Corp. . Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Based on his analysis of mortgage lending practices utilized in 2003 and 2004, he accurately forecasted that the real estate bubble would come tumbling by 2007. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-12-31. Scion was up 55%. Most recent portfolio value is calculated to be $ 46,536,925 USD. * Reported Price is the price of the security as of the portfolio date. 12.25% 3-Year Performance. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Questions to ask By using this site, you are agreeing to security monitoring and auditing. 1-Year Performance. . Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. See the Top Performing Hedge-Funds > Michael Burry . 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. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. 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. As a result, we do not support personal reviews on the site. Ranked #44 out of 483 Hedge Fund Managers. As a result, the company will soon be able to self-fund its growth and overall operations. The holding were 650,000 shares as of 2021-03-31. Burry followed up his warning by detailing his own experience with student debt. 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 felony. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. How does your firm approach insurance sales? If you require advice in relation to any financial matter you should consult an appropriate professional. [9] While off duty at night, he worked on his hobby: financial investing. Strategies arent specified: There isnt a lot of specificity provided . [17] He subsequently liquidated his company to focus on his personal investments. 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. Greenhaven Associates Updated 10 Jan 2023. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History , Which securities does your firm trade for itself that it will also be recommending to me? While this can be seen as "eating your own cooking," there are conflicts that may arise. 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. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. "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. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Ultimately, Burrys analysis proved right. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. For example, front-running is when a financial professional buys or sell securities ahead of their client. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Written by investor.com. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Scion Asset Management 13F annual report. Investors profit from puts when the . The total portfolio value may be much higher due to cash 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? He has Rusyn ancestry. 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. The firm's website is not secure by modern internet standards. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. What does this mean and why is it important? Upgrade to unlock premium data and export to Excel . According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. All rights reserved. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Regulatory disclosures state that firm sells proprietary investments and products. Our system found no disciplinary alerts. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Please send any feedback, corrections, or questions to support@suredividend.com. , No. Note: We do not offer technical support for developing or debugging scripted downloading processes. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. 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 . Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Common Stock (US:US19247G1076) 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. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. He had already built a reputation as an investor at the time by exhibiting success in value investing. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Dear Members of the Board, Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,000,000 shares, or about 2.21%, of GameStop, Inc. ("GameStop") common stock. When he was younger, he noticed that it took him a lot of energy to look people in the eye, and said, "If I am looking at you, that's the one time I know I won't be listening to you". In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Nothing on this website constitutes, or is meant to constitute, advice of any kind. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. The firm's asset exposure includes equities, derivatives, and fixed income instruments. He has warned a severe recession on several occasions over the last year. 0001567619-21-010281.txt. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Scion Asset Management. , compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). This means they effectively own 0.6% of the company. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. [19] He has focused much of his attention on investing in water, gold, and farm land. Does your firm offer mutual funds that have 12b-1 fees? By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). 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. 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? The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. February 17, 2023. the total portfolio value. 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. In addition, the fund holds 5,000,000 shares of Qurate Retail Inc worth $10.1 million, whose value fell approximately 0.1% in the past six months. Portfolio manager(s) are listed as Michael Burry. , The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. The firm may also use leverage and derivative strategies to increase the rate of client success. 1,517,790 additional shares. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. [] "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. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Operating as an online business, this site may be compensated through third party advertisers. He only looks for their undervalued elements, regardless of their sector and class. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. Questions to ask 2021-08-16. . He quickly earned extraordinary profits for his investors. 1001 and 1030). What happened? Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. In his words: All my stock picking is 100% based on the concept of a margin of safety.. [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. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Burry's Scion Asset Management bought 2,355 put contracts against the red-hot tech ETF during the second quarter and held them through the end of the period. Scion Asset Managements portfolio is diversified across 5 sectors. Firm or related person receives soft-dollar benefits in connection with client securities transactions. David Einhorn's: Greenlight Capital. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. There are 3 companies that go by the name of Scion Asset Management, LLC. 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. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. . Questions to ask 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. This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. Filing Date. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. 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 company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. 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. 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. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. 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. Geo dropped approximately 0.1% in the past year. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. He looks for investments in undervalued companies with strong long-term prospects.
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