[22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Updated 05 Jan 2023. What does this mean? This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. . With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Hedge Fund Manager. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and . Please declare your traffic by updating your user agent to include company specific information. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. 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. Firm or related person receives soft-dollar benefits in connection with client securities transactions. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Changes can be due to trades or changes in share prices. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. We know that he's recently bought big on Geo Group (), despite its less-than-stellar performance of late.However, his other picks might surprise you. Does your firm offer mutual funds that have 12b-1 fees? 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. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Link to 13F filings: SEC filings. What does this mean? Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. While partners may pay to provide offers or be featured, e.g. He has said, "Fresh, clean water cannot be taken for granted. How do we make money? See the Top Performing Hedge-Funds > Michael Burry . Scion Asset Management currently serves clients in the following states: CA, TN. These companies are located in Dover DE, Madison WI, and Saratoga CA. "Here's the story of one of the heroes of 'The Big Short', "The True Story Behind The Big Short - Real Michael Burry", The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History, "Mercury News Interview: Hedge fund manager saw subprime meltdown coming", "These Doctors Mean Business," Whitney, Kathy, Medicine (Vanderbilt School of Medicine), Summer 2014, "Learning From Dr. Michael Burry's Investment Philosophy", "Michael Burry Profiled: Bloomberg Risk Takers", "I Saw the Crisis Coming. Scion Asset Management, LLC's top holdings are The investing legend was one of the first people to recognize the massive risk in the pre-2007 sub-prime real estate market the then unknown money manager bet over $1 billion that sub-prime would implode. Operating as an online business, this site may be compensated through third party advertisers. 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. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. 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. Does your fim accept soft-dollar benefits? Geo dropped approximately 0.1% in the past year. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. Scion's new purchases consist of . As a result, we do not support personal reviews on the site. Follow Tweet. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. The GEO Group is a specialty REIT that owns, operates, and manages correctional, detention, and reentry facilities in the US, UK, South Africa, and Australia. Bloomberg via Getty Images. . 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. Qurate Retail Inc makes up The firm prefers to employ long/short, market neutral, and activist strategies. 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. | Investormint", "EDGAR Filing Documents for 0001567619-19-004198", The Big Shorts Michael Burry Sees a Bubble in Passive Investing, "Michael Burry Portfolio / Scion Asset Management, LLC Holdings", "Michael Burry tweet, Dec. 1, 2020 (Internet Archive)", "Michael Burry of 'The Big Short' reveals a $530 million bet against Tesla", "Michael Burry of 'Big Short' Bets Against Cathie Wood's ARKK", "Author Michael Lewis on Wall Street's Delusion", "Legendary Investor Leaves Twitter, Lists 8 Metal Bands in Bio", "Where 'The Big Short's Michael Burry Is Today", "Michael Burry: Subprime Short-Seller No. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. The stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. The firm's asset exposure includes equities, derivatives, and fixed income instruments. What does this mean and why is it important? The investment fund also strengthened its position in Geo by buying Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Bruce Berkowitz's: Fairholme Capital Management. Saratoga, CA 95070. Firm or a related person trades securities for themselves that they also recommend to their clients. Visit Site, Is this your firm? Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Questions to ask The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. 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%. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. These partnerships do not influence editorial content. , We have concerns regarding capital management at . You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. JD.com, Inc. (US:JD) He only looks for their undervalued elements, regardless of their sector and class. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. [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. T. Black Knight offers blended software, data, and analytics solutions all over the globe. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Questions to ask Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. [14][15][16], During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. 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 felony. Hedge funds are required to report only their long positions, not their short positions. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. What does this mean? Financial plans and investment portfolios are always unique to the client's personal financial situation. Nothing on this website constitutes, or is meant to constitute, advice of any kind. While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. FINRA data last verified February 17, 2023. Growth has also been smooth for the company due to the recurring nature of its business model. 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. 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 . Bill Ackman's: Pershing Square Capital Management. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. 223.17% 10-Year Performance. 20665 4th Street, Suite 201. He has warned a severe recession on several occasions over the last year. 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. 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. It is now the funds third-largest holding, accounting for 12.8% of its holdings. 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. Heejin Kim and Myungshin Cho (29 August 2019). Since Jun 2013. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. How does your firm mitigate them? A good way to understand Burry's thinking and Scion Asset Management's . Questions to ask Common Stock (US:US19247G1076) Latest Holdings, Performance, AUM (from 13F, 13D). [23], Burry initiated short position(s) on Tesla before or around early December 2020, according to a now-deleted tweet[24][25] and likely added to his short positions[26][27] after the market cap of Tesla surpassed that of Facebook. There are currently 6 companies in Mr. Burrys portfolio. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Thank you for your interest in the U.S. Securities and Exchange Commission. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. 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. Strategies arent specified: There isnt a lot of specificity provided . BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. 0001567619-21-015632. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. SCION ASSET MANAGEMENT, LLC. , See how we calculate 13F filing performance here. 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. , What does this mean? The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. I was damned sure I was going to pay it off.. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. 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. Stocks and cryptocurrency portfolio tracker. What does this mean and why is it important? 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 347 Followers. When he was younger, he noticed that it took him a lot of energy to look people in the eye, and said, "If I am looking at you, that's the one time I know I won't be listening to you". In January, Burry made predictions for an economic downturn in 2023. , How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? $41.4 million and $41.2 million respectively. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". Questions to ask Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. tips_and_updates Financial Advisor Education. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. The firm's website is not secure by modern internet standards. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. What does this mean? In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. 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. In early January, he posted to his Twitter account that inflation had "peaked," but that this would not be the last peak of the cycle. The fund focuses on investments in the United States as 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. 340.42% 1Y 3Y 5Y 10Y. What percentage of income does your firm receive from fees versus commissions? 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. Any data inaccuracies, please contact our team. Apply for Trusted badge. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Michael Burry . Please send any feedback, corrections, or questions to support@suredividend.com. Here's what investors need to know about Michael Burry's long positions. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. [17] He subsequently liquidated his company to focus on his personal investments. 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. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. What does this mean and why is it important? They manage That said, the company has navigated these challenges quite competently, which, combined with its deep-value characteristics, explained why Dr. Burry has bet heavily on The GEO Group. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History By using this site, you are agreeing to security monitoring and auditing. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. I cover the recent 13F filings and the logic behind Michael Burry's po. Our system found no disciplinary alerts. "[12], After shutting down his website in November 2000, Burry started the hedge fund Scion Capital, funded by an inheritance and loans from his family. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. More than 90% of the beds are located in the US. 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. 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. Firm can legally elect to accept commissions for their investment advisory services. 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. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. Quickly find out what the most recently closed or increased positions are. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. He also urged investors to liquidate their stocks. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. The stock is now traded at around $14.430000. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. This conclusion led him to short the market by persuading Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as vulnerable. As a Certified B Corporation, our focus is simple: people before profits. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. What does this mean? Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. 18951. 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. 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. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201.
Harry Potter Fem Basilisk Lemon,
Naratibong Ulat Tungkol Sa Tvl Strand,
Articles S
