scion asset management

$41.4 million and $41.2 million respectively. The current portfolio value is calculated to be $47.00 Mil. Questions to ask decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. Alibaba is down 71% from its October 2020 peak. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. 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. In total, Scion Asset Management manages $291.7 million in assets. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. Please see our General Disclaimers for more information. However, he has re-established a stake in the company as shares plunged, now owning around 3.05% of the company with approximately 3 million shares. SEC Form 13F Filing History. Growth has also been smooth for the company due to the recurring nature of its business model. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Profitability has also been weak. Scion Asset Management. The turnover rate is 70%. 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 . Currently tracking portfolios of 77 superinvestors. 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. Bill Ackman's: Pershing Square Capital Management. 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. Please declare your traffic by updating your user agent to include company specific information. What does this mean? 1-Year Performance. The investment fund's only holding now is The . The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. . Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? We've received your submission. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. Operating as an online business, this site may be compensated through third party advertisers. Scion Asset Management Holdings Heatmap . 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Michael Burry Portfolio and News | GuruFocus Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. The GEO Group Inc (US:GEO) Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. These partnerships do not influence editorial content. The Scion Group is the largest owner/operator of off-campus student housing communities globally. the total portfolio value. Maintenance Technician Job in Minneota, MN at The Scion Group Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F Salesforce CEO Marc Benioff sounds the alarm on recession - with shades Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. 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. As a result, we do not support personal reviews on the site. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. SCION ASSET MANAGEMENT, LLC | LinkedIn The portfolio is made up of a total of 102 facilities, including 82,000 beds. In his words: All my stock picking is 100% based on the concept of a margin of safety.. Dr. Michael Burry Long Gamestop: Sends Letter to Board 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. Scion Asset Management Fund Performance History & Annualized Return To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. By Steve Burns. GameStop Corp. 625 Westport Parkway. 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. Figure 1:What to Know About Michael "Big Short" Burry's Latest Stock Purchase, Read also: GameStop Stock: What the SEC Says About Direct Registration. 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. Questions to ask The portfolio's exposure to China is also thought-provoking. For more information, please see the SECs Web Site Privacy and Security Policy. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. What does this mean and why is this important? Lets not forget that the student debt problem is built on a foundation of terrible major choices.Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. There are currently 6 companies in Mr. Burrys portfolio. He quickly earned extraordinary profits for his investors. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. "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. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Which securities does your firm trade for itself that it will also be recommending to me? Common Stock (US:US19247G1076) Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock What does this mean? The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Any data inaccuracies, please contact our team. For further detail, see our articles on different types of advisors and financial advisor services. The companys operating segments include Active Group, Work Group, and Lifestyle Group, which individually focus anywhere from casual footwear and apparel to industrial work boots and apparel. 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla Scion Asset Management 13F annual report (2023) | wallmine Common Stock (US:US19247G1076) [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. 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. What conflicts do I need to be made aware of? What does this mean and why is it important? All rights reserved. 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[21] In August 2019, Bloomberg News quoted an email from Burry where he said there was a bubble in large US company stocks due to the popularity of passive investing, which "has orphaned smaller value-type securities globally". In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. The impact to a portfolio due to this purchase was 0.65%. Dr. Burry Scion Asset Management's Portfolio - All 9 Public Equity Investments. Scion Asset Management 13F annual report (2023) | wallmine What does this mean and why is this important? Data is sourced from 13D/13G, 13F, and N-Q filings. Should I Hire a Financial Advisor or DIY It? Michael Burry reveals new stock bets after previously dumping entire 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. Scion Asset Management currently serves clients in the following states: CA, TN. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. 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. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. All requests for updated information should also be reported directly to the SEC and/or FINRA. For example, front-running is when a financial professional buys or sell securities ahead of their client. Scion Asset Management, LLC Bu - GuruFocus.com What does this mean? Questions to ask Questions to ask Scion Asset Management, LLC Holdings. I was damned sure I was going to pay it off. are based in the United States. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. [30], Burry is married, with children, and was living in Saratoga, California in 2010. Firm recommends securities or other investment products to advisory clients in which the firm or a related person has some other proprietary (ownership) interest that isnt related to trading or holding the security or securities themselves personally. Filing Date. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq This value is significant in that it is the last known price at which the security was still held. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? Michael Burry | Scion Asset Management Profile - TipRanks.com DATAROMA Invest Alongside Superinvestors 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. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. This means they effectively own 0.6% of the company. 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. 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. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. In that case, interest rates would pivot and rates would be cut while the government would announce a stimulus package to help households suffering from a failing economy. Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. approximately 0.1% of the total holdings value. Our Methodology. Green rows indicate new positions. Scion Asset Management LLC Top Holdings 13F Filings Michael Burry is head of Scion Asset Management. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. , [17], In an April 3, 2010 op-ed for The New York Times, Burry argued that anyone who studied the financial markets carefully in 2003, 2004 and 2005 could have recognized the growing risk in the subprime markets. Strategies arent specified: There isnt a lot of specificity provided . Our system found no disciplinary alerts. Cathie Wood says Michael Burry doesn't understand innovation space 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. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History , whose value fell approximately 0.1% in the past six months. Can I Invest In Scion Asset Management - InvestmentProGuide.com 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. Grapevine, TX 76051. When? Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. 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. Burry's Scion sold all Gamestop shares in Q4 before GME went These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. 'Big Short' fund manager Burry dumps portfolio, buys prison stock 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 . The fund's top five holdings, which we analyze below, account for 72.2% of its total public . 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. Is your firm affiliated with a law firm in any capacity? The investment fund also strengthened its position in Geo by buying In addition, the fund holds 5,000,000 shares of . Will His AI Plans Be Any Different? [13], In 2005, Burry started to focus on the subprime market. What happened? To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. So while Michael Burry's hedge fund has about $46.5 million in long positions reported in its 13F, it is likely that behind this may be another "big short." For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. Others say the plan is too costly and burdensome on taxpayers. What does this mean? The stock is now traded at around $14.430000. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. Note: We do not offer technical support for developing or debugging scripted downloading processes. Does your firm, or anyone associated with the firm, practice as a law firm? 0001567619-21-015632. 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. However, Burry is also known to take an approach that often contradicts what the broad market dictates. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. How does your firm approach insurance sales? What does this mean? [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). [] If you require advice in relation to any financial matter you should consult an appropriate professional. Why does your firm believe in offering commission-based services to clients? It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Michael Burry is Betting Everything on These 6 Stocks 408-441-8400 MGM Resorts International (US:MGM) Published on February 27th, 2023 by Nikolaos Sismanis. Changes can be due to trades or changes in share prices. 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. 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. In fact, Dr. Burry had showcased such great stock-picking skills that he drew the interest of companies such as Vanguard, White Mountains Insurance Group, and renowned investors such as Joel Greenblatt. Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. 340.15% 5-Year Performance. A quarter of the portfolio is made up of consumer discretionary companies. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Quickly find out what the most recently closed or increased positions are. The fund has around $291.7 million in assets under management (AUM), $41.3 million of which is allocated to the firms public equity portfolio. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. We use the change in the portfolio allocation because this is the most meaningful metric. 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. 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.

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