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His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. 340.15% 5-Year Performance. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. No. 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. Chase Coleman's: Tiger Global Management. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. It is now the funds second-largest holding, accounting for 18.3% of its holdings. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. 2021-08-16. 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. 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. While partners may pay to provide offers or be featured, e.g. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. , He has warned a severe recession on several occasions over the 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. See how we calculate 13F filing performance here. How do these benefits affect the firms selection of a broker-dealer partner? Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Note: 13F filing performance is different than fund performance. 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. What does this mean? Ranked #44 out of 483 Hedge Fund Managers. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time. However, Dr. Burry has a much broader track record in the investing world. Keep reading this article to learn more about Scion Asset Management. Why Didn't the Fed? With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Will any of my assets be invested in those products? Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. David Einhorn's: Greenlight Capital. He has Rusyn ancestry. and Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. , Average metrics of all companies in portfolio . This value is significant in that it is the last known price at which the security was still held. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Profitability has also been weak. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Thank you for your interest in the U.S. Securities and Exchange Commission. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. The firm may also use leverage and derivative strategies to increase the rate of client success. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. 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 and why is it important? 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. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. There are 3 companies that go by the name of Scion Asset Management, LLC. This could also limit the number and diversity of investment options available and may impact their transferability. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? , , 18951. These companies are located in Dover DE, Madison WI, and Saratoga CA. The companys vast portfolio of products includes optical and electro-optical components and materials, fiber lasers, infrared optical components, and high-precision optical assemblies, amongst others. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. 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. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Any data inaccuracies, please contact our team. Apply for Trusted badge. And we will have another inflation spike. 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. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. 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. We reserve the right to block IP addresses that submit excessive requests. Read through our introductory course to financial advisors. Warren Buffett's: Berkshire Hathaway. [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]. On February 14, Michael Burry filed his company's holdings report with the SEC. Click the link icon to see the full transaction history. Changes can be due to trades or changes in share prices. Questions to ask Portfolio value: $46M+ Period: 2022 Q4. What does this mean and why is it important? Questions to ask To illustrate how successful Dr. Burrys picks were from the origins of Scion Asset Management to the Great Financial Crisis, the hedge fund recorded returns of 489.34% (net of fees and expenses) between its inception in November 2000 to June 2008. 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 . 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. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. 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. 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 . Which securities does your firm trade for itself that it will also be recommending to me? Fintel is a registered trademark. 12.25% 3-Year Performance. 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. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. Scion has $638,901,404 assets under management (AUM). On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". Investors profit from puts when the . Geo dropped approximately 0.1% in the past year. Filing Date. 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. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. What does this mean? Visit Site, Is this your firm? It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. What does this mean and why is it important? Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Also, the article may contain affiliate links. 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 collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Heejin Kim and Myungshin Cho (29 August 2019). Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. At 06/30/2022: $3,309. The investment fund also strengthened its position in Geo by buying How many times did it occur? Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Bloomberg via Getty Images. What does this mean and why is it important? The impact to a portfolio due to this purchase was 0.65%. 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 Managements portfolio is diversified across 5 sectors. 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. Musk Made a Mess at Twitter. This form was filed on 2023-02-14 for the reporting period 2022-12-31. It's not hard.". It's worth noting that more than a third of Scion Asset Management's portfolio is now made up of companies in the industrial sector. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. And JD.com is in a similar situation, being 57% below its peak in February 2021. 2023 Reink Media Group LLC. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. 408-441-8400 According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Thanks for supporting the Wall Street Memes). The portfolio is made up of a total of 102 facilities, including 82,000 beds. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? The portfolio's exposure to China is also thought-provoking. What does this mean? The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. 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 an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. Greenhaven Associates Updated 10 Jan 2023. T. Black Knight offers blended software, data, and analytics solutions all over the globe. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. These positions were updated on November 14th based on the funds latest 13F filing. Common Stock (US:US19247G1076) 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. Why has Burry, who is bearish on the . Here you can find the latest trades based on Burry's 13F filings and insider trades. Will any of my assets be invested in those products? It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. 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. What does this mean? The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). [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 this important? 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. Bruce Berkowitz's: Fairholme Capital Management. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. Saratoga, CA 95070. Stocks and cryptocurrency portfolio tracker. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Common Stock (US:US19247G1076) This website is provided as is without any representations or warranties, express or implied. More than 90% of the beds are located in the US. [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. 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 2008. 340.42% 1Y 3Y 5Y 10Y. (Disclaimers: this is not investment advice. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information