[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. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. 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. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. , Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. For more information, please see the SECs Web Site Privacy and Security Policy. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. For example, front-running is when a financial professional buys or sell securities ahead of their client. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Red rows indicate closed positions. On February 14, Michael Burry filed his company's holdings report with the SEC. How many times did it occur? What does this mean? SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. Others say the plan is too costly and burdensome on taxpayers. Investors profit from puts when the . For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Whoopi Goldberg admits 'politics got in the way' of COVID- REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, US home prices just did something they haven't done since 2012, JPMorgan Chase requires some workers give 6 months notice before quitting, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Rebel Wilson says Meghan Markle isnt as naturally warm as Prince Harry, Kristen Doute supports Ariana Madix amid mutual ex Tom Sandovals scandal, Celeb-loved jewelry brand Dorsey drops dazzling new styles, March 4, 1984: Martina Navratilova defeats Chris Evert at MSG, Tom Sandoval breaks silence on Ariana Madix split amid cheating claims, Canadian teacher with size-Z prosthetic breasts placed on paid leave. This could be detrimental to a client during down markets. Please provide me a list of the products and a summary of how much your firm earns from them. What does this mean? , Why has Burry, who is bearish on the . A quarter of the portfolio is made up of consumer discretionary companies. [4] As a teenager, he attended Santa Teresa High School. Greenhaven Associates Updated 10 Jan 2023. 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. 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. , Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. 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." Investor.com is your trustworthy guide to the world of personal finance. | 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. Scion Asset Management is headquartered in Saratoga, California. Scion Asset Management Review. Since Jun 2013. Please send any feedback, corrections, or questions to support@suredividend.com. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. The portfolio's exposure to China is also thought-provoking. SEC Form 13F Filing History. Questions to ask Black Knight Inc (US:BKI) He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Will any of my assets be invested in those products? 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. has disclosed 9 total holdings in their latest SEC filings. 2015-2023 Fintel Ventures LLC. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Currently tracking portfolios of 77 superinvestors. Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. The average market cap of the portfolio companies is close to $2.02 billion. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Questions to ask 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. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? And we could be headed for another recession. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. 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. What does this mean? 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. 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 form was filed on 2023-02-14 for the reporting period 2022-12-31. How does your firm approach insurance sales? Does your firm perform side-by-side management? Black Knight Inc (US:BKI) And we will have another inflation spike. 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? approximately 0.1% of the total holdings value. These positions were updated on November 14th based on the funds latest 13F filing. tips_and_updates Financial Advisor Education. Data is sourced from 13D/13G, 13F, and N-Q filings. We know that he's recently bought big on Geo Group (), despite its less-than-stellar performance of late.However, his other picks might surprise you. 2021-08-16. 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. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. [9] While off duty at night, he worked on his hobby: financial investing. Firm or related person receives soft-dollar benefits in connection with client securities transactions. Is your firm a broker-dealer or are you affiliated with one? $48.3 Million Total portoflio value. "[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. Saratoga, CA 95070. 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. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? 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. Based in Saratoga, Calif., Scion has just six employees, two of whom . Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. This value is significant in that it is the last known price at which the security was still held. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! . Michael Burry . A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. You wont receive financial advice or any financial planning services as an individual investor, and you can only invest in the available funds that the firm oversees. He has warned a severe recession on several occasions over the last year. Alibaba Group Holding Limited ADR (US:BABA) Growth has also been smooth for the company due to the recurring nature of its business model. What happened? Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. Dr. Burry : DE | Fiscal Year End: 1231. That said, the company has navigated these challenges quite competently, which, combined with its deep-value characteristics, explained why Dr. Burry has bet heavily on The GEO Group. 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. Keep reading this article to learn more about Scion Asset Management. . Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. U.S Market Open - Market Closes in 49M 55S. The advisory also believes in using fundamental analysis methods to assess . For more information, contact opendata@sec.gov. By using this site, you are agreeing to security monitoring and auditing. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Michael J. Burry is known by most as the Big Short investor due to the eponymous movie revolving around himself and his story during the days of the Great Financial Crisis, a role played by Christian Bale. Reference ID: 0.35841402.1677949840.1dcfc4e. Published on February 27th, 2023 by Nikolaos Sismanis. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. It would appear that Burry is betting that China will rebound. We have concerns regarding capital management at . [17] He subsequently liquidated his company to focus on his personal investments. 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. Currently, their heaviest sector is Real Estate making up 53.2% of As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . CUPERTINO, Calif.--(BUSINESS WIRE)--On August 16 th, Scion Asset Management sent a letter to the Board of Directors of GameStop Corp. urging the Board to direct the full execution of its March 4 . Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Portfolio manager(s) are listed as Michael Burry. Geo dropped approximately 0.1% in the past year. 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. Please see our General Disclaimers for more information. 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. What does this mean? The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. 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. Will anyone that was involved be involved with my accounts in any capacity? and "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. Why doesnt your firm use a secure website? "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. Also, the article may contain affiliate links. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Burry predicted Tesla stock would collapse like the housing bubble,[27] saying that "my last Big Short got bigger and Bigger and BIGGER" and taunted Tesla bulls to 'enjoy it while it lasts. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. Our system has identified the following conflict alerts. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . He only looks for their undervalued elements, regardless of their sector and class. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. 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. In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. 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 . Burry's trade that made him a legend was when he used derivatives to bet on a real estate market crash in 2008 which made him . in 2008. How do we make money? The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. SCION ASSET MANAGEMENT, LLC: CHIEF EXECUTIVE OFFICER: direct: 2013-03-01: CLARKE BENNITT MANAGEMENT, LP: PRINCIPLE OWNER: indirect: 2005-02-01: 2006-01-20: BURRY, ANH-THI: TRUSTEE THE BURRY 2003 REVOCABLE TRUST: 05/01/2003: Indirect Other: Fund Name Position direct/indirect start date end date; SCION ASSET MANAGEMENT, LLC: At 06/30/2022: $3,309. 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. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. , February 17, 2023. What does this mean? The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Scion Asset Management's public equity portfolio is heavily concentrated. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. , What does this mean? Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company.
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