During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. The hedge fund exited positions including Alphabet Inc. and Facebook . Hedge Fund Manager. In total, Scion Asset Management manages $291.7 million in assets. Most recent portfolio value is calculated to be $ 46,536,925 USD. Louis Bacon's: Moore Capital Management. 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. Chase Coleman's: Tiger Global Management. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Portfolio Gain +257.56%. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. 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. Read through our introductory course to financial advisors. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. 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. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? On February 14, Michael Burry filed his company's holdings report with the SEC. This could be detrimental to a client during down markets. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. This website is provided as is without any representations or warranties, express or implied. Investors profit from puts when the . He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. These conflicts can negatively impact clients via hidden fees and overall higher costs. Scion Asset Management, LLC's new positions include 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. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History There are 3 companies that go by the name of Scion Asset Management, LLC. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Michael Burry of Scion Asset Management. What does this mean and why is this important? Scion Asset Management Review. 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. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. and Ranked #44 out of 483 Hedge Fund Managers. tips_and_updates Financial Advisor Education. As of 7th November 2022, Scion Asset Managements top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Strategies arent specified: There isnt a lot of specificity provided . Scion Asset Management's public equity portfolio is heavily concentrated. 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 . [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. 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). Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Here you can find the latest trades based on Burry's 13F filings and insider trades. Questions to ask The firm prefers to employ long/short, market neutral, and activist strategies. Our system found no disciplinary alerts. 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. Visit Site, Is this your firm? , whose value fell approximately 0.1% in the past six months. Stocks and cryptocurrency portfolio tracker. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Execute maintenance objectives and daily assignments with the Facilities Supervisor. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. , What does this mean? 347 Followers. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. 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. Scion employs over 1,750 team members and has over $9 billion of assets under . Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. 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. What does this mean and why is it important? '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Wolverine World Wide, Inc. (US:WWW) This form was filed on 2023-02-14 for the reporting period 2022-12-31. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which What does this mean? The portfolio's exposure to China is also thought-provoking. [19] He has focused much of his attention on investing in water, gold, and farm land. At 06/30/2022: $3,309. . 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. JD.com, Inc. (US:JD) WRITE REVIEW. That would put the U.S. in a recession under "any definition.". Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. 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. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. He has said, "Fresh, clean water cannot be taken for granted. Thank you for your interest in the U.S. Securities and Exchange Commission. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. What does this mean and why is it important? Yes or What does this mean? 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. Burry predicted, "Fed will cut and government will stimulate. the total portfolio value. 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. By using this site, you are agreeing to security monitoring and auditing. He has Rusyn ancestry. Ultimately, Burrys analysis proved right. SCION ASSET MANAGEMENT, LLC: CHIEF EXECUTIVE OFFICER: direct: 2013-03-01: CLARKE BENNITT MANAGEMENT, LP: PRINCIPLE OWNER: indirect: 2005-02-01: 2006-01-20: BURRY, ANH-THI: TRUSTEE THE BURRY 2003 REVOCABLE TRUST: 05/01/2003: Indirect Other: Fund Name Position direct/indirect start date end date; SCION ASSET MANAGEMENT, LLC: GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Changes can be due to trades or changes in share prices. Our Methodology. What does this mean? How do we make money? While StockBrokers.com has all data verified by industry participants, it can vary from time to time. This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Scion Asset Management 13F annual report. 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. What does this mean? As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Dear Members of the Board, Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,000,000 shares, or about 2.21%, of GameStop, Inc. ("GameStop") common stock. Alibaba is down 71% from its October 2020 peak. 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. [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]. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. What does this mean and why is it important? 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. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Musk Made a Mess at Twitter. 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. Data is sourced from 13D/13G, 13F, and N-Q filings. U.S Market Open - Market Closes in 49M 55S. "[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. 223.17% 10-Year Performance. Operating as an online business, this site may be compensated through third party advertisers. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. . SCION ASSET MANAGEMENT, LLC. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. Hedge funds are required to report only their long positions, not their short positions. Here's what investors need to know about Michael Burry's long positions. Updated 05 Jan 2023. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. Follow Tweet. Greenhaven Associates Updated 10 Jan 2023. 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For more information, please see the SECs Web Site Privacy and Security Policy. This value is significant in that it is the last known price at which the security was still held. These positions were updated on November 14th based on the funds latest 13F filing. Does your firm perform side-by-side management? What does this mean? Questions to ask 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. The turnover rate is 70%. Questions to ask And we could be headed for another recession. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. Note: We do not offer technical support for developing or debugging scripted downloading processes. I was damned sure I was going to pay it off. 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. Portfolio manager(s) are listed as Michael Burry. While this can be seen as "eating your own cooking," there are conflicts that may arise. Why Didn't the Fed? Scion Asset Management. *SEC data last verified February 17, 2023. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Michael Burry has been on a buying spree lately. financing, asset management, . 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. This means they effectively own 0.6% of the company. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Reference ID: 0.35841402.1677949840.1dcfc4e. Questions to ask Scion Capital returned 489.34% (net of fees and expenses) between November 1, 2000 and June 2008 compared to 3% total return from S&P 500 during the same time frame. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. He also urged investors to liquidate their stocks. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. [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. There are currently 6 companies in Mr. Burrys portfolio. On this Wikipedia the language links are at the top of the page across from the article title. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. He became famous when he was played by Christian Bale in the blockbuster movie 'The Big Short' based on the best selling book by author Michael Lewis.Dr. By the end of 2004, he was managing $600 million and turning money away. Researcher and operations manager at DM Martins Research. Scion Asset Management Holdings Heatmap . Top 50 Scion Asset Management 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. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. 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. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Since Jun 2013. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. 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 . 100.0% Why has Burry, who is bearish on the . Please declare your traffic by updating your user agent to include company specific information. What does this mean? , February 17, 2023. What does this mean and why is this important? Stocks with a size of more than $10 billion in market cap make up Profitability has also been weak. [9][31][6], He is a fan of heavy metal music, including bands such as Obituary, Lamb of God, Amon Amarth, Slipknot, King Diamond and Pantera. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. He then left to start his own hedge fund. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Financial plans and investment portfolios are always unique to the client's personal financial situation. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Is your firm a broker-dealer or are you affiliated with one? 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. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. For the most up-to-date information, please view the applicable SEC and FINRA reports above.