Questions to ask David Einhorn's: Greenlight Capital. 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. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Scion has $638,901,404 assets under management (AUM). Michael Burry has been on a buying spree lately. 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Burry was born and grew up in San Jose, California. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. 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. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. And we will have another inflation spike. 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. To illustrate how successful Dr. Burrys picks were from the origins of Scion Asset Management to the Great Financial Crisis, the hedge fund recorded returns of 489.34% (net of fees and expenses) between its inception in November 2000 to June 2008. Nothing on this website constitutes, or is meant to constitute, advice of any kind. 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. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. What does this mean? This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . 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. 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. While partners may pay to provide offers or be featured, e.g. Our system found no disciplinary alerts. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Michael Burry is head of Scion Asset Management. For more information, please see the SECs Web Site Privacy and Security Policy. 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. , 1001 and 1030). [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. In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses. [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. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. See how we calculate 13F filing performance here. Growth has also been smooth for the company due to the recurring nature of its business model. Steven Cohen's: Point72 Asset Management. Please provide me a list of the products and a summary of how much your firm earns from them. 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 . By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Is your firm affiliated with a law firm in any capacity? Dr. Burry What does this mean and why is it important? 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. In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a felony. 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. He then left to start his own hedge fund. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Here you can find the latest trades based on Burry's 13F filings and insider trades. . Burry's Scion Asset Management bought 2,355 put contracts against the red-hot tech ETF during the second quarter and held them through the end of the period. Black Knight Inc (US:BKI) Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Visit Site, Is this your firm? The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Questions to ask and Black Knight Inc (US:BKI) decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. 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. What does this mean? 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. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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: John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Michael Burry . Click the link icon to see the full transaction history. 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. No. $48.3 Million Total portoflio value. When? in 2008. Firm performs side-by-side management with accounts that have differing fee structures. Latest Holdings, Performance, AUM (from 13F, 13D). With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market Some firms receive these fees as payments, which creates an incentive to promote them. Researcher and operations manager at DM Martins Research. Investor.com is your trustworthy guide to the world of personal finance. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. These conflicts can negatively impact clients via hidden fees and overall higher costs. [9][31][6], He is a fan of heavy metal music, including bands such as Obituary, Lamb of God, Amon Amarth, Slipknot, King Diamond and Pantera. Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. We know that he's recently bought big on Geo Group (), despite its less-than-stellar performance of late.However, his other picks might surprise you. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Red rows indicate closed positions. They manage 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). Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Currently, their heaviest sector is Real Estate making up 53.2% of Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Written by investor.com. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. 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. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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. Bill Ackman's: Pershing Square Capital Management. Whoopi Goldberg admits 'politics got in the way' of COVID- REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, US home prices just did something they haven't done since 2012, JPMorgan Chase requires some workers give 6 months notice before quitting, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Rebel Wilson says Meghan Markle isnt as naturally warm as Prince Harry, Kristen Doute supports Ariana Madix amid mutual ex Tom Sandovals scandal, Celeb-loved jewelry brand Dorsey drops dazzling new styles, March 4, 1984: Martina Navratilova defeats Chris Evert at MSG, Tom Sandoval breaks silence on Ariana Madix split amid cheating claims, Canadian teacher with size-Z prosthetic breasts placed on paid leave. Portfolio 9 Options 0 Performance. He only looks for their undervalued elements, regardless of their sector and class. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. And it is notwater is political, and litigious. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Scion Asset Management Q4 '22 Top Holdings (Author Spreadsheet 13F Data) Largely unrelated to one's personal attitude or opinion of Michael Burry, there are few 13F's in the industry that are more . Currently tracking portfolios of 77 superinvestors. 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. T. Black Knight offers blended software, data, and analytics solutions all over the globe. What does this mean and why is it important? 223.17% 10-Year Performance. Alibaba is down 71% from its October 2020 peak. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. 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. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Why does your firm believe in offering commission-based services to clients? 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. It is now the funds second-largest holding, accounting for 18.3% of its holdings. What conflicts do I need to be made aware of? Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Hedge funds are required to report only their long positions, not their short positions. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. That would put the U.S. in a recession under "any definition.". 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. 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%. Note: We do not offer technical support for developing or debugging scripted downloading processes. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. [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. 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). According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. What happened? He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. 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 . Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Scion Asset Management, LLC Questions to ask Alibaba Group Holding Limited ADR (US:BABA) Firm or an affiliate actively engages in business as a law firm or lawyer. Designer and entrepreneur Melody Ehsani takes us on a journey from her early days working retail, to designing her first shoes and jewelry lines, to collaborating with Red Hot Chili Peppers and Jordan brand before taking on a bespoke role at Foot Locker. 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. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. Geo dropped approximately 0.1% in the past year. Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. As of 7th November 2022, Scion Asset Managements top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. Also, the article may contain affiliate links. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Stocks with a size of more than $10 billion in market cap make up All Scion Asset Management, LLC holdings are listed in the following tables. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Quickly find out what the most recently closed or increased positions are. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products.

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