subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. These filings are called "notice filings". Common Stock (US:US19247G1076) 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. 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). For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Alibaba Group Holding Limited ADR (US:BABA) 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. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. What does this mean? Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. February 17, 2023. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. He only looks for their undervalued elements, regardless of their sector and class. [] Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. SkyWest, Inc. (US:SKYW) 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? Follow Tweet. 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. Scion Asset Management, LLC Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). 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. The majority of the companies in the funds portfolio are large-cap stocks. 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. Here's how we make money. 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 . [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]. What does this mean? Ray Dalio's: Bridgewater Associates. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. 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. We've received your submission. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. 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. [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. He also urged investors to liquidate their stocks. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History the total portfolio value. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. While this can be seen as "eating your own cooking," there are conflicts that may arise. What does this mean and why is it important? Scion's new purchases consist of . $48.3 Million Total portoflio value. Warren Buffett's: Berkshire Hathaway. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. 12.25% 3-Year Performance. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. The firm's asset exposure includes equities, derivatives, and fixed income instruments. Scion Asset Management currently serves clients in the following states: CA, TN. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . EXHIBIT C. July 28, 2019. [4] As a teenager, he attended Santa Teresa High School. What does this mean? Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. What does this mean? In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in Investor.com is your trustworthy guide to the world of personal finance. Some firms receive these fees as payments, which creates an incentive to promote them. On this Wikipedia the language links are at the top of the page across from the article title. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. 347 Followers. 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. Portfolio 9 Options 0 Performance. How does your firm mitigate them? Please see our General Disclaimers for more information. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. He also believes that he expects growth in the consumer price index (CPI) to come down and be possibly negative in the second half of 2023. Visit Site, Is this your firm? Burry predicted, "Fed will cut and government will stimulate. 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. See how we calculate 13F filing performance here. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Scion Asset Management's public equity portfolio is heavily concentrated. Here you can find the latest trades based on Burry's 13F filings and insider trades. , whose value fell approximately 0.1% in the past six months. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. This arrangement creates a conflict where the firm and its representatives may be incentivized to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. 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. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. 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. Scion Asset Management, LLC Holdings. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. 2015-2023 Fintel Ventures LLC. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. What does this mean and why is it important? BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . The firm's website is not secure by modern internet standards. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. 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. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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 Medical Center. Follow Tweet. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. 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 . 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. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Bloomberg via Getty Images. 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. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. See the articles below for analysis on other major investment firms/asset managers/gurus: If you are interested in finding more high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful: The major domestic stock market indices are another solid resource for finding investment ideas. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. What does this mean and why is this important? Most recent portfolio value is calculated to be $ 46,536,925 USD. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. 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. Upgrade to unlock premium data and export to Excel . However, Dr. Burry has a much broader track record in the investing world. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. , Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. , Questions to ask Does your firm, or anyone associated with the firm, practice as a law firm? [17] He subsequently liquidated his company to focus on his personal investments. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Does your firm perform side-by-side management? What does this mean and why is it important? 340.15% 5-Year Performance. Questions to ask And we will have another inflation spike. , Scion Asset Management. Please send any feedback, corrections, or questions to support@suredividend.com. He has said, "Fresh, clean water cannot be taken for granted. What conflicts arise from this relationship? MGM Resorts International (US:MGM) These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. tips_and_updates Financial Advisor Education. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . After more than two years, on February 14, 2019, Scion Asset Management filed another 13F, showing Burry to hold numerous large-cap stocks and $103,528,000 13F assets under management, just above the threshold for filing. 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. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Michael Burry has been on a buying spree lately. What does this mean and why is this important? Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Investors profit from puts when the . Alibaba is down 71% from its October 2020 peak. 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. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. What does this mean and why is this important? That would put the U.S. in a recession under "any definition.". WRITE REVIEW. Written by investor.com. Burry, whose successful bet against subprime mortgages were famously chronicled in the 2015 film The Big Short, delivered the dire forecast as the Supreme Court hears arguments this week on whether President Biden has the authority to cancel student debt. What does this mean? Wolverine World Wide, Inc. (US:WWW) 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. Will anyone that was involved be involved with my accounts in any capacity? Scion Asset Management, LLC operates as an investment firm. 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 total portfolio value may be much higher due to cash These companies are located in Dover DE, Madison WI, and Saratoga CA. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Michael J. Burry is known by most as the Big Short investor due to the eponymous movie revolving around himself and his story during the days of the Great Financial Crisis, a role played by Christian Bale. Quickly find out what the most recently closed or increased positions are. Eventually Burry closed his fund and retired. What does this mean? Nevertheless, it is Dr. Burrys legendary plays prior to the Great Financial Crisis, and the massive returns that followed that pushed his name into the international spotlight. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. We use the change in the portfolio allocation because this is the most meaningful metric. While partners may pay to provide offers or be featured, e.g. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. The stock is now traded at around $14.430000. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. What does this mean? 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. 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. Data is sourced from 13D/13G, 13F, and N-Q filings. Michael Burry is an American investor, and hedge fund manager. This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. Why Didn't the Fed? Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Read through our introductory course to financial advisors. 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. The hedge fund exited positions including Alphabet Inc. and Facebook . Fintel is a registered trademark. These partnerships do not influence editorial content. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Researcher and operations manager at DM Martins Research. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy.
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