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. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. It is now the funds third-largest holding, accounting for 12.8% of its holdings. 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. Thank you for your interest in the U.S. Securities and Exchange Commission. Dr. Burry Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry 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. [30], Burry is married, with children, and was living in Saratoga, California in 2010. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. [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. 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. 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 does this mean? Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. February 17, 2023. 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. , By using this site, you are agreeing to security monitoring and auditing. What does this mean and why is it important? Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. 223.17% 10-Year Performance. 2023 Reink Media Group LLC. Here's how we make money. 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. [19] He has focused much of his attention on investing in water, gold, and farm land. 1-Year Performance. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Quickly find out what the most recently closed or increased positions are. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. Our Methodology. What does this mean? Questions to ask Michael Burry has been on a buying spree lately. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. , Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. 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. 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. These companies are located in Dover DE, Madison WI, and Saratoga CA. 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. The Board of Directors. Scion's new purchases consist of . This means they effectively own 0.6% of the company. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. 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. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Will any of my assets be invested in those products? Ray Dalio's: Bridgewater Associates. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . 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. Checks take place monthly. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. He has said, "Fresh, clean water cannot be taken for granted. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Does your firm perform side-by-side management? The SEC or CFTC has previously found the firm or an advisory affiliate responsible for having an investment-related business have its authorization to do business denied, suspended, or revoked. Firm or a related person trades securities for themselves that they also recommend to their clients. Our system found no disciplinary alerts. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Operating as an online business, this site may be compensated through third party advertisers. Note: We do not offer technical support for developing or debugging scripted downloading processes. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. Will any of my assets be invested in those products? SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-12-31. 0001567619-21-015632. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 408-441-8400 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. 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 firm may also use leverage and derivative strategies to increase the rate of client success. The portfolio's exposure to China is also thought-provoking. See the Top Performing Hedge-Funds > Michael Burry . 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. For further detail, see our articles on different types of advisors and financial advisor services. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Here you can find the latest trades based on Burry's 13F filings and insider trades. Changes can be due to trades or changes in share prices. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. 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. He has said more than once that his investment style is built upon Benjamin Graham and David Dodds 1934 book Security Analysis: "All my stock picking is 100% based on the concept of a margin of safety. 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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. Thanks for supporting the Wall Street Memes). At 06/30/2022: $3,309. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Data is sourced from 13D/13G, 13F, and N-Q filings. 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. The latest quarterly filing from Scion Asset ManagementMichael Burry's firmshows no bearish bets against the electric-vehicle giant Tesla The loss of a notable bear appears to be giving . [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. 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. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? 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). There are currently 6 companies in Mr. Burrys portfolio. The fund only has four clients. 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. Based in Saratoga, Calif., Scion has just six employees, two of whom . 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. What does this mean and why is it important? Scion Asset Management Review. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). , Will His AI Plans Be Any Different? [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]. All Scion Asset Management, LLC holdings are listed in the following tables. Bloomberg via Getty Images. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. , What does this mean? 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. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? : 000000000 | State of Incorp. 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. What does this mean and why is it important? 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. Read through our introductory course to financial advisors. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. 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? 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. Scion Asset Managements portfolio is diversified across 5 sectors. Burry followed up his warning by detailing his own experience with student debt. 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. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Warren Buffett's: Berkshire Hathaway. Scion was up 55%. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Michael Burry is an American investor, and hedge fund manager. 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. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Burry was born and grew up in San Jose, California. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Which securities does your firm trade for itself that it will also be recommending to me? Here's what investors need to know about Michael Burry's long positions. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Michael Burry is head of Scion Asset Management. In his words: All my stock picking is 100% based on the concept of a margin of safety.. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Please declare your traffic by updating your user agent to include company specific information. Keep reading this article to learn more about Scion Asset Management. 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". The turnover rate is 70%. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Red rows indicate closed positions. 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. 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. These partnerships do not influence editorial content. And we could be headed for another recession. Michael Burry of Scion Asset Management. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Please provide me a list of the products and a summary of how much your firm earns from them. The portfolio is made up of a total of 102 facilities, including 82,000 beds. So is Burry less bearish on the U.S. economy than he was last year? 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. Questions to ask Apply for Trusted badge. Common Stock (US:US19247G1076) 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. 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. These positions were updated on November 14th based on the funds latest 13F filing. 347 Followers. Bruce Berkowitz's: Fairholme Capital Management. Latest Holdings, Performance, AUM (from 13F, 13D). While partners may pay to provide offers or be featured, e.g. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. 2015-2023 Fintel Ventures LLC. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Scion Asset Management's public equity portfolio is heavily concentrated. <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. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. 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. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Portfolio manager(s) are listed as Michael Burry. When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. And JD.com is in a similar situation, being 57% below its peak in February 2021. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. The stock is now traded at around $14.430000. [] 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. Will anyone that was involved be involved with my accounts in any capacity? The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. 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. 12.25% 3-Year Performance. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. 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. However, Burry is also known to take an approach that often contradicts what the broad market dictates. | 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. The firm's website is not secure by modern internet standards. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. What does this mean? Regulatory disclosures state that firm sells proprietary investments and products. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. The advisory also believes in using fundamental analysis methods to assess . . I was damned sure I was going to pay it off. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. 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. Portfolio value: $46M+ Period: 2022 Q4. 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. [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. You wont receive financial advice or any financial planning services as an individual investor, and you can only invest in the available funds that the firm oversees. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Profitability has also been weak. Questions to ask Strategies arent specified: There isnt a lot of specificity provided . He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Ranked #44 out of 483 Hedge Fund Managers. * Reported Price is the price of the security as of the portfolio date. Most recent portfolio value is calculated to be $ 46,536,925 USD. How do these benefits affect the firms selection of a broker-dealer partner? What does this mean and why is this important? 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. 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. That would put the U.S. in a recession under "any definition.". What does this mean? 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. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. Upgrade to unlock premium data and export to Excel . Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. 66.7% of the portfolio companies All rights reserved. Scion Asset Management currently serves clients in the following states: CA, TN. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. How many times did it occur? Black Knight Inc (US:BKI) Address: 20665 4th Street Suite 201. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Execute maintenance objectives and daily assignments with the Facilities Supervisor.