Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. in 2008. SkyWest, Inc. (US:SKYW) JD.com, Inc. (US:JD) Does the firm offer products that have performance-based fees, or does it accept performance-based fees? A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. Ranked #44 out of 483 Hedge Fund Managers. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Does your fim accept soft-dollar benefits? Michael Burry is an American investor, and hedge fund manager. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Scion Asset Management. approximately 0.1% of the total holdings value. 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. Stocks and cryptocurrency portfolio tracker. Questions to ask Common Stock (US:US19247G1076) Saratoga, CA 95070. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. 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. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. However, Dr. Burry has a much broader track record in the investing world. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Scion was up 55%. There are 3 companies that go by the name of Scion Asset Management, LLC. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). The firm prefers to employ long/short, market neutral, and activist strategies. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Black Knight Inc (US:BKI) Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. Questions to ask What does this mean and why is this important? Scion Asset Management's public equity portfolio is heavily concentrated. On February 14, Michael Burry filed his company's holdings report with the SEC. Scion has $638,901,404 assets under management (AUM). 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. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. February 17, 2023. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their clients. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . Firm or a related person trades securities for themselves that they also recommend to their clients. tips_and_updates Financial Advisor Education. Will any of my assets be invested in those products? The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. 223.17% 10-Year Performance. Based in Saratoga, Calif., Scion has just six employees, two of whom . Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. 1,517,790 additional shares. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. 340.15% 5-Year Performance. By Steve Burns. By using this site, you are agreeing to security monitoring and auditing. 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. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Scion's current portfolio consists of nearly 82,000 beds of student accommodations in 126 communities, serving 76 college and university markets across 33 U.S. states. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. 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. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Point72 Asset Management . [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Filing Date. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. [4] As a teenager, he attended Santa Teresa High School. 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. 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. "[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. In his words: All my stock picking is 100% based on the concept of a margin of safety.. The Scion Group is the largest owner/operator of off-campus student housing communities globally. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Financial plans and investment portfolios are always unique to the client's personal financial situation. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. 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. The firm may also use leverage and derivative strategies to increase the rate of client success. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. , whose value fell approximately 0.1% in the past six months. I cover the recent 13F filings and the logic behind Michael Burry's po. All rights reserved. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. 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. Bruce Berkowitz's: Fairholme Capital Management. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. For more information, please see the SECs Web Site Privacy and Security Policy. Scion's new purchases consist of . Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. *SEC data last verified February 17, 2023. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. 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 tweeted Wednesday. Since Jun 2013. Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. , Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. Questions to ask Eventually Burry closed his fund and retired. This means they effectively own 0.6% of the company. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which What does this mean? 66.7% of the portfolio companies 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. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Firm can legally elect to accept commissions for their investment advisory services. financing, asset management, . We reserve the right to block IP addresses that submit excessive requests. Which securities does your firm trade for itself that it will also be recommending to me? Ray Dalio's: Bridgewater Associates. Does your firm offer mutual funds that have 12b-1 fees? The author may be long one or more stocks mentioned in this report. Why has Burry, who is bearish on the . Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. What does this mean and why is it important? When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. A quarter of the portfolio is made up of consumer discretionary companies. Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). No. 408-441-8400 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 . 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. Scion Asset Management, LLC operates as an investment firm. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. The advisory also believes in using fundamental analysis methods to assess . Scion Asset Management 13F annual report. What does this mean and why is it important? 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. Is your firm a broker-dealer or are you affiliated with one? 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. "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. Questions to ask His analysis resulted in him shorting the market by convincing Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as weak. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Does your firm perform side-by-side management? With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. Also, the article may contain affiliate links. Click the link icon to see the full transaction history. Some firms receive these fees as payments, which creates an incentive to promote them. Here you can find the latest trades based on Burry's 13F filings and insider trades. Reference ID: 0.35841402.1677949840.1dcfc4e. 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. While partners may pay to provide offers or be featured, e.g. A good way to understand Burry's thinking and Scion Asset Management's . Investors following the companys 13F filings over the last 3 years (from mid-February 2020 through mid-February 2023) would have generated annualized total returns of 51.4%. Fintel is a registered trademark. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Unlike HTTPS connections, HTTP connections are not encrypted. What does this mean and why is it important? He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Portfolio manager(s) are listed as Michael Burry. Portfolio value: $46M+ Period: 2022 Q4. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. What does this mean and why is it important? What does this mean? Alibaba is down 71% from its October 2020 peak. [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]. Scion Asset Management's Portfolio - All 9 Public Equity Investments. This website is provided as is without any representations or warranties, express or implied. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. EXHIBIT C. July 28, 2019. Thanks for supporting the Wall Street Memes). By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). 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? The impact to a portfolio due to this purchase was 0.65%. After more than two years, on February 14, 2019, Scion Asset Management filed another 13F, showing Burry to hold numerous large-cap stocks and $103,528,000 13F assets under management, just above the threshold for filing. We use the change in the portfolio allocation because this is the most meaningful metric. It would appear that Burry is betting that China will rebound. 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. Checks take place monthly. What does this mean? 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. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. Scion Asset Management Holdings Heatmap . the total portfolio value. 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. 2021-08-16. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. And we will have another inflation spike. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. What does this mean? The investment fund also strengthened its position in Geo by buying Strategies arent specified: There isnt a lot of specificity provided . Quickly find out what the most recently closed or increased positions are. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. What does this mean? Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Will anyone that was involved be involved with my accounts in any capacity? Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry By the end of 2004, he was managing $600 million and turning money away. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting.

2004 Mustang V6 Hesitation When Accelerating, Jonathan Herzog Attorney, Howard Hill Shooting Glove, Articles S