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There are currently 6 companies in Mr. Burry's portfolio. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Questions to ask Scion Asset Management's public equity portfolio is heavily concentrated. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. What does this mean and why is it important? Top 50 Scion Asset Management Holdings . This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. What does this mean? It is now the funds third-largest holding, accounting for 12.8% of its holdings. 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. Black Knight Inc (US:BKI) Saratoga, CA 95070. 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. Scion Asset Management is headquartered in Saratoga, California. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. When? Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Portfolio Gain +257.56%. In his words: All my stock picking is 100% based on the concept of a margin of safety.. And we will have another inflation spike. 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 . Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. Scion's current portfolio consists of nearly 82,000 beds of student accommodations in 126 communities, serving 76 college and university markets across 33 U.S. states. What does this mean and why is this important? 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. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. 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 . Scion Asset Management, LLC operates as an investment firm. I was damned sure I was going to pay it off.. Scion Asset Management Review. 100.0% 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 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. Portfolio value: $46M+ Period: 2022 Q4. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . David Einhorn's: Greenlight Capital. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Firm recommends securities or other investment products to advisory clients in which the firm or a related person has some other proprietary (ownership) interest that isnt related to trading or holding the security or securities themselves personally. Follow Tweet. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. Questions to ask Apply for Trusted badge. What does this mean? Scion has $638,901,404 assets under management (AUM). Questions to ask Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. He has said, "Fresh, clean water cannot be taken for granted. Scion employs over 1,750 team members and has over $9 billion of assets under . What does this mean and why is this important? This website is provided as is without any representations or warranties, express or implied. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. If you require advice in relation to any financial matter you should consult an appropriate professional. Scion Asset Management Holdings Heatmap . When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. Common Stock (US:US19247G1076) Michael Burry of Scion Asset Management. 2015-2023 Fintel Ventures LLC. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Does your firm perform side-by-side management? With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Keep reading this article to learn more about Scion Asset Management. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. 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. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Lets not forget that the student debt problem is built on a foundation of terrible major choices.Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. 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 and why is this important? JD.com, Inc. (US:JD) 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. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. Here's what investors need to know about Michael Burry's long positions. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. [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. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History By using this site, you are agreeing to security monitoring and auditing. I cover the recent 13F filings and the logic behind Michael Burry's po. [4] As a teenager, he attended Santa Teresa High School. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Stocks with a size of more than $10 billion in market cap make up * Reported Price is the price of the security as of the portfolio date. What does this mean? Michael Burry . A quarter of the portfolio is made up of consumer discretionary companies. 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. 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. The fund only has four clients. Bloomberg via Getty Images. [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. Scion Asset Management, LLC What does this mean and why is it important? 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. Grapevine, TX 76051. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. It's not hard.". 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 . Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. Burry followed up his warning by detailing his own experience with student debt. 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. Musk Made a Mess at Twitter. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Firm or related person receives soft-dollar benefits in connection with client securities transactions. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Heejin Kim and Myungshin Cho (29 August 2019). Questions to ask Latest Holdings, Performance, AUM (from 13F, 13D). Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Firm or a related person trades securities for themselves that they also recommend to their clients. approximately 0.1% of the total holdings value. In total, Scion Asset Management manages $291.7 million in assets. Questions to ask "Here's the story of one of the heroes of 'The Big Short', "The True Story Behind The Big Short - Real Michael Burry", The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History, "Mercury News Interview: Hedge fund manager saw subprime meltdown coming", "These Doctors Mean Business," Whitney, Kathy, Medicine (Vanderbilt School of Medicine), Summer 2014, "Learning From Dr. Michael Burry's Investment Philosophy", "Michael Burry Profiled: Bloomberg Risk Takers", "I Saw the Crisis Coming.
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