'[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Geo dropped approximately 0.1% in the past year. 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. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Burry has a strictly traditional understanding of value. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. has disclosed 9 total holdings in their latest SEC filings. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. the total portfolio value. I was damned sure I was going to pay it off. Burry's Scion Asset Management said in a regulatory filing in mid-May it had put options on 800,100 Tesla shares as of the end of the first quarter. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. 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. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. Questions to ask 340.42% 1Y 3Y 5Y 10Y. When? Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. 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 . Filing Date. Researcher and operations manager at DM Martins Research. Does your firm offer mutual funds that have 12b-1 fees? These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. Interestingly enough, when Dr. Burry had to pay for the credit default swaps, he experienced an investor revolt, as some investors in his fund feared his prophecy was inaccurate, requesting to withdraw their funds. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. For further detail, see our articles on different types of advisors and financial advisor services. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information "[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. 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. U.S Market Open - Market Closes in 49M 55S. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. The investment fund also strengthened its position in Geo by buying What does this mean? Note: 13F filing performance is different than fund performance. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. The firm prefers to employ long/short, market neutral, and activist strategies. He is best known for being amongst the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. The Scion Asset Management chief's grim prediction may be coming true, as the S&P 500 and Nasdaq indexes tumbled by 19% and 33% respectively in 2022. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. [4] As a teenager, he attended Santa Teresa High School. The investment fund's only holding now is The . 18951. . BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . He looks for investments in undervalued companies with strong long-term prospects. What does this mean? The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Scion was up 55%. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Scion Asset Management's public equity portfolio is heavily concentrated. What does this mean? 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 . The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. , whose value fell approximately 0.1% in the past six months. How do these benefits affect the firms selection of a broker-dealer partner? 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. Common Stock (US:US19247G1076) He has Rusyn ancestry. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. See how we calculate 13F filing performance here, Scion Asset Management / Michael Burry holdings now, Scion Asset Managements Fund Manager, Michael Burry, Scion Asset Managements Investment Philosophy & Strategy, Scion Asset Managements Noteworthy Portfolio Changes, Scion Asset Managements Portfolio All 9 Public Equity Investments, 20 Highest Yielding Monthly Dividend Stocks, Liberty Latin America Ltd Class C (LILAK). The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Portfolio 9 Options 0 Performance. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. [6], According to his website, Burry liquidated his credit default swap short positions by April 2008 and did not benefit from the bailouts of 2008 and 2009. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Currently, their heaviest sector is Real Estate making up 53.2% of It is now the funds second-largest holding, accounting for 18.3% of its holdings. Bill Ackman's: Pershing Square Capital Management. Scion Asset Management, LLC's new positions include Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. On this Wikipedia the language links are at the top of the page across from the article title. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . , Scion Asset Management, LLC The third-largest holding is CoreCivic Inc worth $6.41 million and the next is Aerojet Rocketdyne Inc worth $5.3 million, with 132,561 shares owned. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. As of 7th November 2022, Scion Asset Management's top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. GameStop Corp. 625 Westport Parkway. Geo dropped approximately 0.1% in the past year. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. 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. All requests for updated information should also be reported directly to the SEC and/or FINRA. [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]. I cover the recent 13F filings and the logic behind Michael Burry's po. Regulatory disclosures state that firm sells proprietary investments and products. What does this mean? The current portfolio value is calculated to be $47.00 Mil. Yes or CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Here you can find the latest trades based on Burry's 13F filings and insider trades. *SEC data last verified February 17, 2023. The total portfolio value may be much higher due to cash Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. , Hedge Fund Manager. The following positions are based on the last Q1 2021 13F filing as of 3-31-2021, with his top 10 holdings making up 91.57% of his portfolio. 1,517,790 additional shares. Questions to ask [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. What does this mean and why is it important? This could be detrimental to a client during down markets. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. and We've received your submission. JD.com, Inc. (US:JD) Address: 20665 4th Street Suite 201. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. See how we calculate 13F filing performance here. Questions to ask The impact to a portfolio due to this purchase was 0.65%. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. 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. Will any of my assets be invested in those products? In January, Burry made predictions for an economic downturn in 2023. Reference ID: 0.35841402.1677949840.1dcfc4e. What does this mean and why is it important? Red rows indicate closed positions. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. 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. Is your firm a broker-dealer or are you affiliated with one? : DE | Fiscal Year End: 1231. 0001567619-21-010281.txt. These positions were updated on November 14th based on the funds latest 13F filing. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. What does this mean and why is it important? Investment adviser firms registered with the SEC may be required to provide to state securities authorities a copy of their Form ADV and any accompanying amendments filed with the SEC. Updated 05 Jan 2023. Portfolio Gain +257.56%. More than 90% of the beds are located in the US. Some of the largest purchases done by Scion Asset Management are follows: Ace Ltd; The hedge fund owns about 50000 shares of ACE Ltd, which reflects about 7.89% of their portfolio. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. 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. Michael Burry recently added seven new stocks to his hedge fund, Scion Asset Management, including Chinese e-commerce companies Alibaba and JD.com and technology firm Black Knight. Questions to ask Please provide me a list of the products and a summary of how much your firm earns from them. How do we make money? We use the change in the portfolio allocation because this is the most meaningful metric. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Scion Asset Management's Portfolio - All 9 Public Equity Investments. 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. 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. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index.