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Operating as an online business, this site may be compensated through third party advertisers. 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. He also urged investors to liquidate their stocks. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. 340.42% 1Y 3Y 5Y 10Y. Please see our General Disclaimers for more information. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. There are currently 6 companies in Mr. Burry's portfolio. 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. Researcher and operations manager at DM Martins Research. It's worth noting that more than a third of Scion Asset Management's portfolio is now made up of companies in the industrial sector. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . The turnover rate is 70%. A quarter of the portfolio is made up of consumer discretionary companies. The hedge fund exited positions including Alphabet Inc. and Facebook . Terms of Use | Disclaimers | Privacy Policy. "[20], Glimpses were offered into Scion's portfolio with 13Fs filed from the 4th quarter of 2015 through the 3rd quarter of 2016, as required by the SEC when fund holdings top $100 million. 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. [21] In August 2019, Bloomberg News quoted an email from Burry where he said there was a bubble in large US company stocks due to the popularity of passive investing, which "has orphaned smaller value-type securities globally". This video discusses the update to Michael Burry's portfolio (Scion Asset Management). The firm prefers to employ long/short, market neutral, and activist strategies. What does this mean and why is it important? This means they effectively own 0.6% of the company. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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? 18951. Why has Burry, who is bearish on the . Scion Asset Management, LLC This could also limit the number and diversity of investment options available and may impact their transferability. Upgrade to unlock premium data and export to Excel . 0001567619-21-010281.txt. The impact to a portfolio due to this purchase was 0.65%. What does this mean? Scion Asset Management, the firm of "The Big Short" investor Michael Burry, disclosed this week that during the fourth quarter of 2019, it closed its holding in Bed Bath & Beyond Inc. (NASDAQ:BBBY . How does your firm mitigate them? 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. By the end of 2004, he was managing $600 million and turning money away. In addition, the fund holds 5,000,000 shares of . [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. The stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. Scion employs over 1,750 team members and has over $9 billion of assets under . 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. FINRA data last verified February 17, 2023. Green rows indicate new positions. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. When? Changes can be due to trades or changes in share prices. 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. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Note: We do not offer technical support for developing or debugging scripted downloading processes. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. U.S Market Open - Market Closes in 49M 55S. We've received your submission. The third-largest holding is CoreCivic Inc worth $6.41 million and the next is Aerojet Rocketdyne Inc worth $5.3 million, with 132,561 shares owned. 66.7% of the portfolio companies Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. [23], Burry initiated short position(s) on Tesla before or around early December 2020, according to a now-deleted tweet[24][25] and likely added to his short positions[26][27] after the market cap of Tesla surpassed that of Facebook. 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. , whose value fell approximately 0.1% in the past six months. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. 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. What does this mean and why is this important? Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Louis Bacon's: Moore Capital Management. The holding were 650,000 shares as of 2021-03-31. What does this mean? Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. Scion Asset Management, LLC Portfolio Never miss a trade. What conflicts arise from this relationship? SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. 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). The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. 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. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Please send any feedback, corrections, or questions to support@suredividend.com. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Please provide me a list of the products and a summary of how much your firm earns from them. While this can be seen as "eating your own cooking," there are conflicts that may arise. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. 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. Link to 13F filings: SEC filings. As a Certified B Corporation, our focus is simple: people before profits. David Einhorn's: Greenlight Capital. The investment fund also strengthened its position in Geo by buying Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 100.0% This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. The Company serves clients in the United States. Thank you for your interest in the U.S. Securities and Exchange Commission. February 17, 2023. He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt. It's not hard.". 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 . [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). 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. . Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. 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. financing, asset management, . 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. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. Updated 05 Jan 2023. Our partners compensate us through paid advertising. Questions to ask The stock is now traded at around $14.430000. Latest Holdings, Performance, AUM (from 13F, 13D). 223.17% 10-Year Performance. 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. Questions to ask Common Stock (US:US19247G1076) What percentage of income does your firm receive from fees versus commissions? Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. 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. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Note: 13F filing performance is different than fund performance. This page was last edited on 1 February 2023, at 20:47 (UTC). By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. 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 . This could be detrimental to a client during down markets. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. 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. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. It is now the funds third-largest holding, accounting for 12.8% of its holdings. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures?