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. What does this mean? The firm may also use leverage and derivative strategies to increase the rate of client success. Hedge Fund Manager. Please declare your traffic by updating your user agent to include company specific information. 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. 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Why Didn't the Fed? Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. The firm prefers to employ long/short, market neutral, and activist strategies. How many times did it occur? Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. 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 . Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. 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 . Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. . Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. What does this mean? , After attending medical school, Dr. Burry left to start his own hedge fund in 2000. : 000000000 | State of Incorp. In that case, interest rates would pivot and rates would be cut while the government would announce a stimulus package to help households suffering from a failing economy. Firm or related person receives soft-dollar benefits in connection with client securities transactions. Figure 1:What to Know About Michael "Big Short" Burry's Latest Stock Purchase, Read also: GameStop Stock: What the SEC Says About Direct Registration. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Follow Tweet. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? All requests for updated information should also be reported directly to the SEC and/or FINRA. * Reported Price is the price of the security as of the portfolio date. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). 100.0% Read through our introductory course to financial advisors. Scion Asset Management's Portfolio - All 9 Public Equity Investments. While partners may pay to provide offers or be featured, e.g. [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. A good way to understand Burry's thinking and Scion Asset Management's . Scion Asset Management Review. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. , 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. February 17, 2023. 2023 Reink Media Group LLC. Follow Tweet. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. 223.17% 10-Year Performance. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . 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. 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. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Questions to ask 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. 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. What does this mean? As a result, we do not support personal reviews on the site. Is your firm affiliated with a law firm in any capacity? , whose value fell approximately 0.1% in the past six months. 0001567619-21-010281.txt. Scion Asset Management, LLC operates as an investment firm. What does this mean? 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. However, Burry is also known to take an approach that often contradicts what the broad market dictates. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. Our system found no disciplinary alerts. [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. Some firms receive these fees as payments, which creates an incentive to promote them. They manage 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. Thank you for your interest in the U.S. Securities and Exchange Commission. 1001 and 1030). This page was last edited on 1 February 2023, at 20:47 (UTC). What does this mean and why is this important? Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Here you can find the latest trades based on Burry's 13F filings and insider trades. The Company serves clients in the United States. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. Black Knight Inc (US:BKI) Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. , Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Scion Asset Management, LLC Holdings. These partnerships do not influence editorial content. The GEO Group Inc (US:GEO) Since Jun 2013. in 2008. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Questions to ask Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. In total, Scion Asset Management manages $291.7 million in assets. Others say the plan is too costly and burdensome on taxpayers. What does this mean and why is this important? What does this mean? Written by investor.com. 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. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. It is now the funds second-largest holding, accounting for 18.3% of its holdings. Scion Asset Management Holdings Heatmap . What conflicts arise from this relationship? 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. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. I was damned sure I was going to pay it off. 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. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Why has Burry, who is bearish on the . Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Will anyone that was involved be involved with my accounts in any capacity? exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. Portfolio manager(s) are listed as Michael Burry. Scion Asset Management currently serves clients in the following states: CA, TN. Michael Burry has been on a buying spree lately. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. 1-Year Performance. Michael Burry is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. Upgrade to unlock premium data and export to Excel . Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. Filing Date. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Scion Asset Management. Based in Saratoga, Calif., Scion has just six employees, two of whom . Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. [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?