And JD.com is in a similar situation, being 57% below its peak in February 2021. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. For instance, research has shown that mutual funds that use incentive fees take on more risk than funds that do not, and tend to double down and increase their risk following a poor performance. EDGAR Filing Documents for 0001567619-21-010281 - SEC , Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. The firm may also use leverage and derivative strategies to increase the rate of client success. The Scion Asset Management office and employees reside in Saratoga, California. 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. JD.com, Inc. (US:JD) Growth has also been smooth for the company due to the recurring nature of its business model. Changes can be due to trades or changes in share prices. These filings are called "notice filings". Description. Questions to ask 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. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. Michael Burry warns of student loans forgiveness consequences These conflicts can negatively impact clients via hidden fees and overall higher costs. Michael Burry is Betting Everything on These 6 Stocks The current portfolio value is calculated to be $47.00 Mil. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. It's not hard.". These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. And we will have another inflation spike. Most recent portfolio value is calculated to be $ 46,536,925 USD. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. What does this mean and why is this important? Firm or a related person trades securities for themselves that they also recommend to their clients. [18][16], In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser (ERA) active in the state of California and approved by the SEC. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. Scion Asset Management General Information. Questions to ask Participation in the Certification program, including the payment of an annual fee to investor.com, does not guarantee or in any way bias investor.com's decision to award "Trusted by investor.com" status, and "Trusted by investor.com" status shall not constitute or be construed as an endorsement of any firm by investor.com. . Why has Burry, who is bearish on the . , Should I Hire a Financial Advisor or DIY It? 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. The average market cap of the portfolio companies is close to $2.02 billion. Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. The holding were 650,000 shares as of 2021-03-31. Guinea Sets Two-Week Deadline for Alumina Plants Projects, RAF Jets Escort Plane in Distress to Stansted Airport, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows, Rivian Tells Staff EV Output May Be 24% More Than Forecast, VW Will Build a $2 Billion Electric Truck and SUV Plant in South Carolina, Meta Cuts the Price of Its Quest Headset Up to 33% After Disappointing Demand, John Malone andCharter Directors Agree to $87.5 Million Settlement, Apples Cloud Chief to Leave, Adding to Wave of Departures, Congo President Tells Macron Conflict in East May Delay Election, Anti-ESG Crusader Wants to Take Trumps Agenda to Next Level, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. 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? For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Profitability has also been weak. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed In addition, the fund holds 5,000,000 shares of . Published on February 27th, 2023 by Nikolaos Sismanis. 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. Keep reading this article to learn more about Scion Asset Management. Operating as an online business, this site may be compensated through third party advertisers. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Scion Asset Management LLC Top Holdings 13F Filings Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. FINRA data last verified February 17, 2023. 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? Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. (Disclaimers: this is not investment advice. Based in Saratoga, Calif., Scion has just six employees, two of whom . Stocks with a size of more than $10 billion in market cap make up The majority of the companies in the funds portfolio are large-cap stocks. 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. While partners may pay to provide offers or be featured, e.g. 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. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Hedge funds are required to report only their long positions, not their short positions. I cover the recent 13F filings and the logic behind Michael Burry's po. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. What does this mean? The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. By the end of 2004, he was managing $600 million and turning money away. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Scion Announces Addition of 20,000 Beds to its Portfolio of Student Scion Asset Management Review - MagnifyMoney Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA 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 . This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Scion Asset Management currently serves clients in the following states: CA, TN. Researcher and operations manager at DM Martins Research. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Steven Cohen's: Point72 Asset Management. Scion Asset Management, LLC - Filing History - Michael Burry - Fintel Current Michael Burry Portfolio 2021 Q1 Update - New Trader U Does your firm offer mutual funds that have 12b-1 fees? , Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Geo dropped approximately 0.1% in the past year. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. This means they effectively own 0.6% of the company. 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 . Link to 13F filings: SEC filings. However, Burry is also known to take an approach that often contradicts what the broad market dictates. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. EDGAR Filing Documents for 0001567619-21-015632 - SEC Dr. Burry Burry followed up his warning by detailing his own experience with student debt. Green rows indicate new positions. Click the link icon to see the full transaction history. By using this site, you are agreeing to security monitoring and auditing. $41.4 million and $41.2 million respectively. 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. The investment fund's only holding now is The . 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. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Scion was up 55%. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Scion Asset Management, the firm of "The Big Short" investor Michael Burry, disclosed this week that during the fourth quarter of 2019, it closed its holding in Bed Bath & Beyond Inc. (NASDAQ:BBBY . Firm performs side-by-side management with accounts that have differing fee structures. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Bill Ackman's: Pershing Square Capital Management. Top 50 Scion Asset Management Holdings . Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information February 17, 2023. $48.3 Million Total portoflio value. . BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . About Us - Scion Advisory Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Scion asset management - What are they investing in Right Now? [5][6][7], He studied economics and pre-med at the University of California, Los Angeles, earned an MD degree from the Vanderbilt University School of Medicine,[6] and started but did not finish his residency[8] in pathology at Stanford University Medical Center. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. If you require advice in relation to any financial matter you should consult an appropriate professional. 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 Investor Profile: Portfolio & Exits | PitchBook , The firm's asset exposure includes equities, derivatives, and fixed income instruments. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Thank you for your interest in the U.S. Securities and Exchange Commission. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. Scion Asset Management 13F annual report. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. 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. Is your firm affiliated with a law firm in any capacity? WRITE REVIEW. Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. This could be detrimental to a client during down markets. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Scion Asset Management's Portfolio - All 9 Public Equity Investments. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. Investors profit from puts when the . How many times did it occur? SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com Michael Burry is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. The Form 13F report requires disclosure of the manager that files the report, the name and class of the security, the CUSIP number, the number of . 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. There are currently 6 companies in Mr. Burrys portfolio. For more information, please see the SECs Web Site Privacy and Security Policy. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Scion Asset Management, LLC *SEC data last verified February 17, 2023. He also urged investors to liquidate their stocks. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. SCION ASSET MANAGEMENT, LLC | LinkedIn What percentage of income does your firm receive from fees versus commissions? After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Burry's Scion sold all Gamestop shares in Q4 before GME went Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. 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). 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. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. All rights reserved. Following the massive triumph he experienced by successfully predicting the subprime mortgage crisis of 2007-2008, Dr. Michael Burry has grown into a living legend in the world of finance. Scion Asset Management LLC - Company Profile and News Common Stock (US:US19247G1076) Written by investor.com. The turnover rate is 70%. Michael Burry . decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million.