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What does this mean and why is it important? Back on April 10, 2020, Michael Burry, who gained fame as a major character in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME) disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME's outstanding shares. Click the link icon to see the full transaction history. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information 66.7% of the portfolio companies Saratoga, CA 95070. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. All rights reserved. Heejin Kim and Myungshin Cho (29 August 2019). 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. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Questions to ask Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Questions to ask In total, Scion Asset Management manages $291.7 million in assets. Scion has $638,901,404 assets under management (AUM). 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. 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. 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. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. By using this site, you are agreeing to security monitoring and auditing. Scion Asset Management, LLC Portfolio Never miss a trade. , What does this mean and why is it important? Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. 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. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. SCION ASSET MANAGEMENT, LLC. 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. 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. We use the change in the portfolio allocation because this is the most meaningful metric. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. We have concerns regarding capital management at . Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. What does this mean and why is this important? Portfolio manager(s) are listed as Michael Burry. . It's not hard.". To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? 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: in 2008. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. 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. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Following the massive triumph he experienced by successfully predicting the subprime mortgage crisis of 2007-2008, Dr. Michael Burry has grown into a living legend in the world of finance. Portfolio value: $46M+ Period: 2022 Q4. What does this mean? 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. Questions to ask Qurate Retail Inc makes up 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. "[12], After shutting down his website in November 2000, Burry started the hedge fund Scion Capital, funded by an inheritance and loans from his family. In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. 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 . What does this mean and why is it important? During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. GameStop Corp. 625 Westport Parkway. , [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]. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. [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. Questions to ask compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). The Board of Directors. 18951. What does this mean? exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. the total portfolio value. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. Saratoga, CA 95070. Scion Asset Management General Information. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. 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. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. 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. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. These conflicts can negatively impact clients via hidden fees and overall higher costs. [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. 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. 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. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. For example, front-running is when a financial professional buys or sell securities ahead of their client. WRITE REVIEW. Yes or The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Competition has been eating the companys lunch for years, with Wolverine having a hard time sustaining its sales over the past decade, let alone growing them. We've received your submission. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . 12.25% 3-Year Performance. Hedge Fund Manager. 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. Apply for Trusted badge. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . For the most up-to-date information, please view the applicable SEC and FINRA reports above. He has warned a severe recession on several occasions over the last year. T. Black Knight offers blended software, data, and analytics solutions all over the globe. Michael Burry of Scion Asset Management. Firm or related person receives soft-dollar benefits in connection with client securities transactions. 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. Scion Asset Management, LLC Holdings. , Portfolio 9 Options 0 Performance. Visit Site, Is this your firm? Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. Chase Coleman's: Tiger Global Management. 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. Keep reading this article to learn more about Scion Asset Management. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! 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. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Wolverine World Wide, Inc. (US:WWW) Investor.com is your trustworthy guide to the world of personal finance. A quarter of the portfolio is made up of consumer discretionary companies. What does this mean? , Currently, their heaviest sector is Real Estate making up 53.2% of He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. A good way to understand Burry's thinking and Scion Asset Management's . Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. 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. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. In response, Alibaba has been repurchasing stock in bulk. Scion Asset Management Holdings Heatmap . Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Follow Tweet. Will anyone that was involved be involved with my accounts in any capacity? [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Scion Asset Management Holdings Heatmap . No. 2021-08-16. Read through our introductory course to financial advisors. Also, the article may contain affiliate links. $48.3 Million Total portoflio value. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their clients. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Scion Asset Management 13F annual report. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. It charges an asset-based management fee that can be as high as 2% per year, while it may also take up to 20% of the value of the appreciation from each clients account. Performance. Will any of my assets be invested in those products? In his words: All my stock picking is 100% based on the concept of a margin of safety.. Firm can legally elect to accept commissions for their investment advisory services. MGM Resorts International (US:MGM) 0001567619-21-010281.txt. 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. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Investors profit from puts when the . Our partners compensate us through paid advertising. 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. 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. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Scion Asset Management currently serves clients in the following states: CA, TN. 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 felony. 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. What conflicts do I need to be made aware of? Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. See the Top Performing Hedge-Funds > Michael Burry . 0001567619-21-015632. 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. 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. 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? The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. The Company serves clients in the United States. Steven Cohen's: Point72 Asset Management. 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. How does your firm approach insurance sales? Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. ", "Why Is Michael Burry Investing In Water? Point72 Asset Management . [13], In 2005, Burry started to focus on the subprime market. There are currently 6 companies in Mr. Burrys portfolio. 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. A regulatory agency other than 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. Fintel is a registered trademark. Portfolio manager(s) are listed as Michael Burry. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which documented the history and events leading up to his contrarian but hugely successful bet against the real estate market in 2008. What does this mean and why is it important? Our system found no disciplinary alerts. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Burry has a strictly traditional understanding of value. , He has Rusyn ancestry. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. 223.17% 10-Year Performance. What does this mean? 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. He then left to start his own hedge fund. 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. What does this mean? By the end of 2004, he was managing $600 million and turning money away. The GEO Group Inc (US:GEO) The majority of the companies in the funds portfolio are large-cap stocks. and 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 collapse of the real estate market in 2008 was a key event leading to the global financial crisis.

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