The holding were 650,000 shares as of 2021-03-31. Wolverine World Wide, Inc. (US:WWW) Burry followed up his warning by detailing his own experience with student debt. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. As a Certified B Corporation, our focus is simple: people before profits. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. DATAROMA Superinvestors Portfolio Holdings For the most up-to-date information, please view the applicable SEC and FINRA reports above. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Questions to ask Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Burry has a strictly traditional understanding of value. What does this mean? 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. 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. 'Big Short' Michael Burry Invested Twice in Bed Bath & Beyond Stock 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. 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. , Hedge Fund Manager. Scion Asset Management feels strongly about Neophotonics Corp and that is the reason they have added about 300000 shares of the firm to their fund. Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. 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. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. Please see our General Disclaimers for more information. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. 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. The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha Our Methodology. What percentage of income does your firm receive from fees versus commissions? in 2008. 1-Year Performance. Green rows indicate new positions. (Disclaimers: this is not investment advice. 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. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. U.S Market Open - Market Closes in 49M 55S. : DE | Fiscal Year End: 1231. Scion Asset Management 13F annual report (2023) | wallmine Our system has identified the following conflict alerts. 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. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Dr. Burry We've received your submission. How do these benefits affect the firms selection of a broker-dealer partner? 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla Regulatory disclosures state that firm sells proprietary investments and products. Will any of my assets be invested in those products? These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! Execute maintenance objectives and daily assignments with the Facilities Supervisor. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Scion Asset Management - Michael Burry - Insider Monkey What does this mean and why is it important? Michael Burry's Scion Asset Management Buys 5 Stocks in the - Yahoo! Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider What does this mean? Note: We do not offer technical support for developing or debugging scripted downloading processes. Heejin Kim and Myungshin Cho (29 August 2019). Michael Burry Portfolio and News | GuruFocus Grapevine, TX 76051. Scion Asset Management, LLC - Filing History - Michael Burry - Fintel It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Is your firm a broker-dealer or are you affiliated with one? Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. 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. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Profitability has also been weak. Current Michael Burry Portfolio 2020 Update - New Trader U 340.42% 1Y 3Y 5Y 10Y. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. How does your firm mitigate them? He also urged investors to liquidate their stocks. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Performance. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Michael Burry warns of student loans forgiveness consequences Questions to ask Quickly find out what the most recently closed or increased positions are. 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." 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. Address: 20665 4th Street Suite 201. I was damned sure I was going to pay it off.. T. Black Knight offers blended software, data, and analytics solutions all over the globe. It is now the funds third-largest holding, accounting for 12.8% of its holdings. This website is provided as is without any representations or warranties, express or implied. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Fintel is a registered trademark. SCION ASSET MANAGEMENT, LLC | LinkedIn 0001567619-21-010281.txt. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in Red rows indicate closed positions. Strategies arent specified: There isnt a lot of specificity provided . Click the link icon to see the full transaction history. Some firms receive these fees as payments, which creates an incentive to promote them. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. 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 currently serves clients in the following states: CA, TN. Michael Burry | Scion Asset Management Profile - TipRanks.com For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. While partners may pay to provide offers or be featured, e.g. [17] He subsequently liquidated his company to focus on his personal investments. 0001567619-21-015632. The firm prefers to employ long/short, market neutral, and activist strategies. What does this mean and why is it important? 2015-2023 Fintel Ventures LLC. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) EXHIBIT C. July 28, 2019. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Saratoga, CA 95070. [13], In 2005, Burry started to focus on the subprime market. 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). Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry Cassandra B.C. (@michaeljburry) / Twitter WRITE REVIEW. Will anyone that was involved be involved with my accounts in any capacity? He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Scion Asset Management Holdings Heatmap . Portfolio manager(s) are listed as Michael Burry. How many times did it occur? 20665 4th Street, Suite 201. Scion Asset Management 13F annual report (2023) | wallmine Since Jun 2013. 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. IAPD - Investment Adviser Public Disclosure - Homepage In his words: All my stock picking is 100% based on the concept of a margin of safety.. He has Rusyn ancestry. The fund only has four clients. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. Does your firm offer mutual funds that have 12b-1 fees? Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. DATAROMA Invest Alongside Superinvestors What does this mean? decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. 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. Scion Asset Management Review | SmartAsset.com Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet Scion Asset Management's Portfolio - All 9 Public Equity Investments. In addition, the fund holds 5,000,000 shares of . Scion Asset Management Holdings Heatmap . Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 , What does this mean? Firm performs side-by-side management with accounts that have differing fee structures. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. 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. [19] He has focused much of his attention on investing in water, gold, and farm land. Scion employs over 1,750 team members and has over $9 billion of assets under . What does this mean and why is it important? Ray Dalio's: Bridgewater Associates. Keep reading this article to learn more about Scion Asset Management. Scion Asset Management Review - MagnifyMoney The Scion Asset Management manager revealed the purchase of seven new Description. Operating as an online business, this site may be compensated through third party advertisers. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. 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. 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. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. 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.
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