Common Stock (US:US19247G1076) SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Will anyone that was involved be involved with my accounts in any capacity? Terms of Use | Disclaimers | Privacy Policy. What does this mean and why is it important? This makes their stake in Geo total 2,019,150 shares worth $15.5 million. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . 18951. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. 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. Louis Bacon's: Moore Capital Management. 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. This could also limit the number and diversity of investment options available and may impact their transferability. Questions to ask
Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Questions to ask
, The impact to a portfolio due to this purchase was 0.65%. , Also, the article may contain affiliate links. Questions to ask
and Filing Date. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. The Scion Group is the largest owner/operator of off-campus student housing communities globally. Hedge Fund Manager. Upgrade to unlock premium data and export to Excel . The investment fund's only holding now is The . Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. What does this mean? This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. 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. * Reported Price is the price of the security as of the portfolio date. By the end of 2004, he was managing $600 million and turning money away. Nevertheless, it is Dr. Burrys legendary plays prior to the Great Financial Crisis, and the massive returns that followed that pushed his name into the international spotlight. Why has Burry, who is bearish on the . Form 13F is required to be filed within 45 days of the end of a calendar quarter. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. 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. Click the link icon to see the full transaction history. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. [30], Burry is married, with children, and was living in Saratoga, California in 2010. 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. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. Heejin Kim and Myungshin Cho (29 August 2019). 1001 and 1030). Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. 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. 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 . Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. ", "Why Is Michael Burry Investing In Water? Musk Made a Mess at Twitter. How many times did it occur? Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. The total portfolio value may be much higher due to cash Ray Dalio's: Bridgewater Associates. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Scion Asset Management currently serves clients in the following states: CA, TN. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Michael Burry . 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. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information [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. This could be detrimental to a client during down markets. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Investors following the companys 13F filings over the last 3 years (from mid-February 2020 through mid-February 2023) would have generated annualized total returns of 51.4%. Alibaba Group Holding Limited ADR (US:BABA) Portfolio manager(s) are listed as Michael Burry. Some firms receive these fees as payments, which creates an incentive to promote them. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Currently tracking portfolios of 77 superinvestors. As a Certified B Corporation, our focus is simple: people before profits. 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." . What does this mean? Interestingly enough, when Dr. Burry had to pay for the credit default swaps, he experienced an investor revolt, as some investors in his fund feared his prophecy was inaccurate, requesting to withdraw their funds. What does this mean? $41.4 million and $41.2 million respectively. Common Stock (US:US19247G1076) 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 Medical Center. He has Rusyn ancestry. Firm or an affiliate actively engages in business as a law firm or lawyer. Michael Burry does see a recession coming, but that hasn't stopped himrather his hedge fund Scion Asset Managementfrom stocking up on some positions likely to be hit hard by a downturn. Unlike HTTPS connections, HTTP connections are not encrypted. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Qurate Retail Inc makes up Hedge funds are required to report only their long positions, not their short positions. What does this mean and why is it important? Average metrics of all companies in portfolio . In response, Alibaba has been repurchasing stock in bulk. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. 20665 4th Street, Suite 201. What happened? , Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. This website is provided as is without any representations or warranties, express or implied. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Updated 05 Jan 2023. What does this mean and why is it important? Questions to ask
(Disclaimers: this is not investment advice. How does your firm mitigate them? Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Portfolio value: $46M+ Period: 2022 Q4. 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. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Note: 13F filing performance is different than fund performance. 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. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. More than 90% of the beds are located in the US. Address: 20665 4th Street Suite 201. 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: Growth has also been smooth for the company due to the recurring nature of its business model. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. [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. Some of the largest purchases done by Scion Asset Management are follows: Ace Ltd; The hedge fund owns about 50000 shares of ACE Ltd, which reflects about 7.89% of their portfolio. Does your fim accept soft-dollar benefits? What does this mean? 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. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Charlie Munger - Daily Journal Corp. He has said more than once that his investment style is built upon Benjamin Graham and David Dodds 1934 book Security Analysis: "All my stock picking is 100% based on the concept of a margin of safety. What percentage of income does your firm receive from fees versus commissions? 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. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Questions to ask
We've received your submission. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Follow Tweet. GameStop Corp. 625 Westport Parkway. the total portfolio value. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Ranked #44 out of 483 Hedge Fund Managers. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. The company has been growing rapidly over the past few years while retaining compelling profitability levels. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. These partnerships do not influence editorial content. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. Questions to ask
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).