$48.3 Million Total portoflio value. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. And we will have another inflation spike. 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. They manage This means they effectively own 0.6% of the company. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. 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. What does this mean? Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. How do these benefits affect the firms selection of a broker-dealer partner? [30], Burry is married, with children, and was living in Saratoga, California in 2010. 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. *SEC data last verified February 17, 2023. Most recent portfolio value is calculated to be $ 46,536,925 USD. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information the total portfolio value. Scion Asset Management 13F annual report (2023) | wallmine These filings are called "notice filings". 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 Medical Center. 0001567619-21-010281.txt. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Firm can legally elect to accept commissions for their investment advisory services. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". 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. A good way to understand Burry's thinking and Scion Asset Management's . Data is sourced from 13D/13G, 13F, and N-Q filings. What does this mean and why is it important? It's not hard.". Common Stock (US:US19247G1076) A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. 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. Scion Asset Management - Michael Burry - Insider Monkey 1-Year Performance. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. . While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Scion Asset Management, LLC Holdings. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. [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. 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. By the end of 2004, he was managing $600 million and turning money away. Why doesnt your firm use a secure website? Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed 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. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. It would appear that Burry is betting that China will rebound. He quickly earned extraordinary profits for his investors. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. 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. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. What percentage of income does your firm receive from fees versus commissions? Scion asset management - What are they investing in Right Now? It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. February 17, 2023. . Geo dropped approximately 0.1% in the past year. Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Our Methodology. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. Questions to ask 340.15% 5-Year Performance. Published on February 27th, 2023 by Nikolaos Sismanis. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Follow Tweet. What does this mean? 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. Questions to ask These companies are located in Dover DE, Madison WI, and Saratoga CA. There are currently 6 companies in Mr. Burry's portfolio. Portfolio 9 Options 0 Performance. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. He then left to start his own hedge fund. Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech Bruce Berkowitz's: Fairholme Capital Management. Michael Burry does see a recession coming, but that hasn't stopped himrather his hedge fund Scion Asset Managementfrom stocking up on some positions likely to be hit hard by a downturn. On February 14, Michael Burry filed his company's holdings report with the SEC. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. , Also, the article may contain affiliate links. Does your firm, or anyone associated with the firm, practice as a law firm? Louis Bacon's: Moore Capital Management. The current portfolio value is calculated to be $47.00 Mil. Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. 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. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. [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. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Wolverine World Wide, Inc. (US:WWW) Performance. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Scion Asset Management Review 2023 | investor.com Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. The Scion Asset Management office and employees reside in Saratoga, California. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Which securities does your firm trade for itself that it will also be recommending to me? Charlie Munger - Daily Journal Corp. 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. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. tips_and_updates Financial Advisor Education. Questions to ask What does this mean? The Scion Asset Management manager revealed the purchase of seven new Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. 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. Hedge funds are required to report only their long positions, not their short positions. Saratoga, CA 95070. [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. Terms of Use | Disclaimers | Privacy Policy. Michael Burry reveals new stock bets after previously dumping entire 1,517,790 additional shares. Scion Asset Management LLC - Company Profile and News Apply for Trusted badge. Quickly find out what the most recently closed or increased positions are. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. , Qurate Retail Inc makes up Profitability has also been weak. 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. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. 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. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . EDGAR Filing Documents for 0001567619-21-015632 - SEC To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. The portfolio is made up of a total of 102 facilities, including 82,000 beds. Latest Holdings, Performance, AUM (from 13F, 13D). Upgrade to unlock premium data and export to Excel . 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. In January, Burry made predictions for an economic downturn in 2023. The author may be long one or more stocks mentioned in this report. In addition, the fund holds 5,000,000 shares of . 2021-08-16. 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. 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 . 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. With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com's Trust Score algorithm or review process. 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." Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 66.7% of the portfolio companies Currently, Scion Asset Management's portfolio is worth at least $41.3 million. 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. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. All requests for updated information should also be reported directly to the SEC and/or FINRA. What does this mean and why is it important? While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. 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 . Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. 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. By using this site, you are agreeing to security monitoring and auditing. Scion has $638,901,404 assets under management (AUM). These partnerships do not influence editorial content. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. SCION ASSET MANAGEMENT, LLC. 100.0% Burry's Scion sold all Gamestop shares in Q4 before GME went 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. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Michael Burry has been on a buying spree lately. Musk Made a Mess at Twitter. Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock 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. 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. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. 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. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Scion Asset Management, LLC's top holdings are Michael Burry's Scion hedge fund disclosed holdings for first time in 2 Scion Asset Managements portfolio is diversified across 5 sectors. I was damned sure I was going to pay it off.. Scion Asset Management currently serves clients in the following states: CA, TN.
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