Average metrics of all companies in portfolio . Wolverine World Wide, Inc. (US:WWW) the total portfolio value. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Reference ID: 0.35841402.1677949840.1dcfc4e. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. 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. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Hedge funds are required to report only their long positions, not their short positions. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Michael Burry warns of student loans forgiveness consequences He only looks for their undervalued elements, regardless of their sector and class. For more information, contact opendata@sec.gov. David Einhorn's: Greenlight Capital. Investors profit from puts when the . Scion Asset Management currently serves clients in the following states: CA, TN. 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? The Scion Asset Management manager revealed the purchase of seven new : 000000000 | State of Incorp. Maintenance Technician Job in Minneota, MN at The Scion Group 20665 4th Street, Suite 201. Michael Burry of Scion Asset Management. 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. Checks take place monthly. Address: 20665 4th Street Suite 201. 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. Questions to ask What happened? Follow Michael Burry and Buy GEO Stock | InvestorPlace [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. It is now the funds second-largest holding, accounting for 18.3% of its holdings. What conflicts arise from this relationship? 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. What does this mean? 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. Michael Burry's Scion hedge fund disclosed holdings for first time in 2 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. Our system found no disciplinary alerts. Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle Scion Asset Management LLC - Company Profile and News The fund focuses on investments in the United States as Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. We have concerns regarding capital management at . I was damned sure I was going to pay it off.. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Why has Burry, who is bearish on the . 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. He looks for investments in undervalued companies with strong long-term prospects. $48 Million Michael Burry Portfolio / Scion Asset Management, LLC Here's what investors need to know about Michael Burry's long positions. Scion Asset Management Holdings Heatmap . Is your firm a broker-dealer or are you affiliated with one? Scion Asset Management LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. These companies are located in Dover DE, Madison WI, and Saratoga CA. 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. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. These partnerships do not influence editorial content. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. The hedge fund exited positions including Alphabet Inc. and Facebook . Changes can be due to trades or changes in share prices. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. What does this mean and why is it important? [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. The fund only has four clients. Questions to ask Questions to ask The Scion Group is the largest owner/operator of off-campus student housing communities globally. What does this mean? While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. It is now the funds third-largest holding, accounting for 12.8% of its holdings. And we will have another inflation spike. Scion Asset Management, LLC Bu - GuruFocus.com 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. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. 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. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. 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. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. EDGAR Filing Documents for 0001567619-21-010281 - SEC SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq 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). In his words: All my stock picking is 100% based on the concept of a margin of safety.. 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. Scion Asset Management. Fintel is a registered trademark. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? 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. [] (Disclaimers: this is not investment advice. So is Burry less bearish on the U.S. economy than he was last year? See the Top Performing Hedge-Funds > Michael Burry . By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel [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. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. What does this mean? 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. 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. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Scion Asset Management Review - MagnifyMoney Questions to ask Can I Invest In Scion Asset Management - InvestmentProGuide.com In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. ", "Why Is Michael Burry Investing In Water? Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. 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. Scion's new purchases consist of . In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in Yes or 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 misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses. Also, the article may contain affiliate links. Here's how we make money. 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. What does this mean and why is it important? A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Heejin Kim and Myungshin Cho (29 August 2019). If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. 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 . , Does your firm, or anyone associated with the firm, practice as a law firm? This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Growth has also been smooth for the company due to the recurring nature of its business model. [4] As a teenager, he attended Santa Teresa High School. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? What percentage of income does your firm receive from fees versus commissions? 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. Our partners compensate us through paid advertising. What does this mean and why is it important? After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. This is a low margin business in the first place, and so despite the company posting record revenues last year, it saw a decline in earnings. What does this mean? He has Rusyn ancestry. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. What does this mean and why is it important? Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which There are currently 6 companies in Mr. Burry's portfolio. Currently tracking portfolios of 77 superinvestors. Charlie Munger - Daily Journal Corp. The total portfolio value may be much higher due to cash 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. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. [19] He has focused much of his attention on investing in water, gold, and farm land. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Please send any feedback, corrections, or questions to support@suredividend.com. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Geo dropped approximately 0.1% in the past year. 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. 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. Published on February 27th, 2023 by Nikolaos Sismanis. JD.com, Inc. (US:JD) Operating as an online business, this site may be compensated through third party advertisers. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. As a result, we do not support personal reviews on the site. His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. T. Black Knight offers blended software, data, and analytics solutions all over the globe. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. CUPERTINO, Calif.--(BUSINESS WIRE)--On August 16 th, Scion Asset Management sent a letter to the Board of Directors of GameStop Corp. urging the Board to direct the full execution of its March 4 . However, Dr. Burry has a much broader track record in the investing world. Scion employs over 1,750 team members and has over $9 billion of assets under . Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. Verition Fund Management LLC increased its holdings in shares of ScION Tech Growth II (NASDAQ:SCOB - Get Rating) by 153.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Michael Burry reveals new stock bets after previously dumping entire Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) 340.15% 5-Year Performance. While partners may pay to provide offers or be featured, e.g. He also urged investors to liquidate their stocks. Data is sourced from 13D/13G, 13F, and N-Q filings. What's Michael Burry Been Buying Lately? - TipRanks.com Portfolio manager(s) are listed as Michael Burry. Michael Burry Stock Portfolio 2023 - Scion Asset Management Holdings 13F 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. Black Knight Inc (US:BKI) Since Jun 2013. 347 Followers. Burry has a strictly traditional understanding of value. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. Note: We do not offer technical support for developing or debugging scripted downloading processes. Does your firm offer mutual funds that have 12b-1 fees? exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Salesforce CEO Marc Benioff sounds the alarm on recession - with shades Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. 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. 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. That would put the U.S. in a recession under "any definition.". Execute maintenance objectives and daily assignments with the Facilities Supervisor. As a Certified B Corporation, our focus is simple: people before profits. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Updated 05 Jan 2023. What does this mean? Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Hedge Fund Manager. What does this mean and why is this important? Cassandra B.C. (@michaeljburry) / Twitter SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History As a result, the company will soon be able to self-fund its growth and overall operations. Firm or a related person trades securities for themselves that they also recommend to their clients. , What does this mean? 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. Scion Asset Management Investor Profile: Portfolio & Exits | PitchBook Ray Dalio's: Bridgewater Associates. All requests for updated information should also be reported directly to the SEC and/or FINRA. About Us - The Scion Group To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. *SEC data last verified February 17, 2023. Qualified participating firms must abide by investor.com Certification program's terms and conditions when utilizing an awarded "Trusted by investor.com" badge, as well as in connection with permitted enhancements to the firm's investor.com profile page. Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). The firm's asset exposure includes equities, derivatives, and fixed income instruments. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Scion Asset Management, LLC Holdings. Current Michael Burry Portfolio 2020 Update - New Trader U Why doesnt your firm use a secure website? 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.

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