To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. [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. Scion has $638,901,404 assets under management (AUM). He then left to start his own hedge fund. Nothing on this website constitutes, or is meant to constitute, advice of any kind. 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. Burry followed up his warning by detailing his own experience with student debt. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History.
Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech Yes or The companys vast portfolio of products includes optical and electro-optical components and materials, fiber lasers, infrared optical components, and high-precision optical assemblies, amongst others. In January, Burry made predictions for an economic downturn in 2023. Black Knight Inc (US:BKI) What does this mean and why is it important? [4] As a teenager, he attended Santa Teresa High School. 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. More than 90% of the beds are located in the US. If you require advice in relation to any financial matter you should consult an appropriate professional. 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. As InvestorPlace's Eddie Pan reported on Aug. 15, Burry's firm Scion Asset Management has sold all of its U.S.-listed positions except for one GEO. WRITE REVIEW. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt, Burry tweeted Wednesday. Bloomberg via Getty Images. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. The company has been growing rapidly over the past few years while retaining compelling profitability levels.
Scion Asset Management, LLC Bu - GuruFocus.com The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Scion Asset Management, LLC's new positions include Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. These conflicts can negatively impact clients via hidden fees and overall higher costs. Why has Burry, who is bearish on the . Most recent portfolio value is calculated to be $ 46,536,925 USD. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. The advisory also believes in using fundamental analysis methods to assess . 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. Link to 13F filings: SEC filings. So while Michael Burry's hedge fund has about $46.5 million in long positions reported in its 13F, it is likely that behind this may be another "big short." 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 . He looks for investments in undervalued companies with strong long-term prospects. This means they effectively own 0.6% of the company. SEC Form 13F Filing History. Burry predicted Tesla stock would collapse like the housing bubble,[27] saying that "my last Big Short got bigger and Bigger and BIGGER" and taunted Tesla bulls to 'enjoy it while it lasts. Red rows indicate closed positions.
Scion Asset Management LLC Top Holdings 13F Filings This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. Please see our General Disclaimers for more information. By Steve Burns. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. Description.
SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Burry was born and grew up in San Jose, California. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. For further detail, see our articles on different types of advisors and financial advisor services. 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. Guinea Sets Two-Week Deadline for Alumina Plants Projects, RAF Jets Escort Plane in Distress to Stansted Airport, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows, Rivian Tells Staff EV Output May Be 24% More Than Forecast, VW Will Build a $2 Billion Electric Truck and SUV Plant in South Carolina, Meta Cuts the Price of Its Quest Headset Up to 33% After Disappointing Demand, John Malone andCharter Directors Agree to $87.5 Million Settlement, Apples Cloud Chief to Leave, Adding to Wave of Departures, Congo President Tells Macron Conflict in East May Delay Election, Anti-ESG Crusader Wants to Take Trumps Agenda to Next Level, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. 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. The portfolio is made up of a total of 102 facilities, including 82,000 beds. Does your firm offer mutual funds that have 12b-1 fees? Saratoga, CA 95070. Ultimately, Burrys analysis proved right. Investor.com is your trustworthy guide to the world of personal finance. [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. The current portfolio value is calculated to be $47.00 Mil. The Scion Group is the largest owner/operator of off-campus student housing communities globally. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. Fintel is a registered trademark. For more information, contact opendata@sec.gov. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. What does this mean and why is it important? That would put the U.S. in a recession under "any definition.".
IAPD - Investment Adviser Public Disclosure - Homepage What does this mean and why is it important? Firm or an affiliate actively engages in business as a law firm or lawyer. Questions to ask
[22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). has disclosed 9 total holdings in their latest SEC filings. 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". See the Top Performing Hedge-Funds > Michael Burry . [19] He has focused much of his attention on investing in water, gold, and farm land. Hedge funds are required to report only their long positions, not their short positions. Our Methodology. Michael Burry has been on a buying spree lately. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Data is sourced from 13D/13G, 13F, and N-Q filings. Relative to the previous quarter there was a little reshuffling of his holdings. Scion Asset Management Holdings Heatmap . Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Questions to ask
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer.
Michael Burry is Betting Everything on These 6 Stocks <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Written by investor.com. 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. Geo dropped approximately 0.1% in the past year.
DATAROMA Invest Alongside Superinvestors Green rows indicate new positions. What does this mean and why is it important? 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 . In addition, the fund holds 5,000,000 shares of Qurate Retail Inc worth $10.1 million, whose value fell approximately 0.1% in the past six months. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. It's not hard.". Details on the strike price of the puts, their value and whether they were part of a broader trade were not available.
Scion Asset Management Review - MagnifyMoney How does your firm mitigate them?
SCION ASSET MANAGEMENT - The Economic Times 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. What does this mean? in 2008. [9] While off duty at night, he worked on his hobby: financial investing. 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). The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. The fund only has four clients. What does this mean?
Michael Burry - Wikipedia The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. We reserve the right to block IP addresses that submit excessive requests. 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).
Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. There are currently 6 companies in Mr. Burry's portfolio. Is your firm a broker-dealer or are you affiliated with one? | 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 GEO Group Inc (US:GEO) Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Portfolio Gain +257.56%. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck).
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. How does your firm approach insurance sales? Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Financial plans and investment portfolios are always unique to the client's personal financial situation. How many times did it occur? 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 . We have concerns regarding capital management at . The impact to a portfolio due to this purchase was 0.65%. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. The investment fund's only holding now is The . Thanks for supporting the Wall Street Memes). 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.
Michael Burry Stock Portfolio 2023 - Scion Asset Management Holdings 13F Scion Asset Management, LLC's top holdings are 1001 and 1030). John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. 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. 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. In addition, the fund holds 5,000,000 shares of . 408-441-8400 Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. The firm's website is not secure by modern internet standards. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings.
Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. GameStop Corp. 625 Westport Parkway. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis.
Michael Burry Portfolio and News | GuruFocus 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. He had already built a reputation as an investor at the time by exhibiting success in value investing. 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. Steven Cohen's: Point72 Asset Management. Address: 20665 4th Street Suite 201. Scion Asset Management Holdings Heatmap . Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. These companies are located in Dover DE, Madison WI, and Saratoga CA. Regulatory disclosures state that firm sells proprietary investments and products. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. What does this mean and why is it important? Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. The firm's asset exposure includes equities, derivatives, and fixed income instruments. [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. A Self-Regulatory Organization 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. How do these benefits affect the firms selection of a broker-dealer partner? 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. Michael Burry is head of Scion Asset Management. Questions to ask
document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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. 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? 2023 NYP Holdings, Inc. All Rights Reserved, King of debt Joe Biden absurdly labels himself a deficit hawk, Teacher Randi Weingartens ignorant, anti-democratic rant, Bidens Ohio failure: Letters to the Editor March 2, 2023, Randi Weingarten has maniacal meltdown at student debt relief rally.
Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). The portfolio's exposure to China is also thought-provoking. 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. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Saratoga, CA 95070. , FINRA data last verified February 17, 2023.
Scion Asset Management - Michael Burry - Insider Monkey Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. and
Michael Burry warns of student loans forgiveness consequences [18][16], In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser (ERA) active in the state of California and approved by the SEC. On February 14, Michael Burry filed his company's holdings report with the SEC. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry All requests for updated information should also be reported directly to the SEC and/or FINRA. 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. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). 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).