Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. That would put the U.S. in a recession under "any definition.". 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. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. Will any of my assets be invested in those products? Top 50 Scion Asset Management Holdings . Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. 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. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Hedge funds are required to report only their long positions, not their short positions. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Strategies arent specified: There isnt a lot of specificity provided . 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. "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. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Some firms receive these fees as payments, which creates an incentive to promote them. 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? The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. For further detail, see our articles on different types of advisors and financial advisor services. More than 90% of the beds are located in the US. Scion was up 55%. 20665 4th Street, Suite 201. [30], Burry is married, with children, and was living in Saratoga, California in 2010. They manage Greenhaven Associates Updated 10 Jan 2023. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? Portfolio manager(s) are listed as Michael Burry. Participation in the Certification program, including the payment of an annual fee to investor.com, does not guarantee or in any way bias investor.com's decision to award "Trusted by investor.com" status, and "Trusted by investor.com" status shall not constitute or be construed as an endorsement of any firm by investor.com. 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. Is your firm a broker-dealer or are you affiliated with one? Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. , For more information, contact opendata@sec.gov. and Burry has a strictly traditional understanding of value. We reserve the right to block IP addresses that submit excessive requests. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. See the articles below for analysis on other major investment firms/asset managers/gurus: If you are interested in finding more high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful: The major domestic stock market indices are another solid resource for finding investment ideas. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. I was damned sure I was going to pay it off.. Charlie Munger - Daily Journal Corp. Qurate Retail Inc makes up Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. Updated 05 Jan 2023. [17] He subsequently liquidated his company to focus on his personal investments. What does this mean? 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. Here you can find the latest trades based on Burry's 13F filings and insider trades. How does your firm mitigate them? February 17, 2023. The firm prefers to employ long/short, market neutral, and activist strategies. 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. 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. 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. Will anyone that was involved be involved with my accounts in any capacity? Steven Cohen's: Point72 Asset Management. It would appear that Burry is betting that China will rebound. Ranked #44 out of 483 Hedge Fund Managers. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Filing Date. Reference ID: 0.35841402.1677949840.1dcfc4e. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. [4] As a teenager, he attended Santa Teresa High School. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. 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. 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. It's not hard.". and , The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . Scion Asset Management, LLC [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". Scion's new purchases consist of . In fact, Dr. Burry had showcased such great stock-picking skills that he drew the interest of companies such as Vanguard, White Mountains Insurance Group, and renowned investors such as Joel Greenblatt. We've received your submission. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Based on his analysis of mortgage lending practices utilized in 2003 and 2004, he accurately forecasted that the real estate bubble would come tumbling by 2007. What does this mean and why is it important? When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. 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. Black Knight Inc (US:BKI) And we will have another inflation spike. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. , 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. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. , His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. 340.15% 5-Year Performance. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. What does this mean and why is it important? [19] He has focused much of his attention on investing in water, gold, and farm land. Bloomberg via Getty Images. 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. Scion Asset Management's Portfolio - All 9 Public Equity Investments. are based in the United States. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Burry followed up his warning by detailing his own experience with student debt. Financial plans and investment portfolios are always unique to the client's personal financial situation. 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. Portfolio 9 Options 0 Performance. Bruce Berkowitz's: Fairholme Capital Management. Why has Burry, who is bearish on the . in 2008. A quarter of the portfolio is made up of consumer discretionary companies. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Eventually Burry closed his fund and retired. Michael Burry recently added seven new stocks to his hedge fund, Scion Asset Management, including Chinese e-commerce companies Alibaba and JD.com and technology firm Black Knight. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. Scion Asset Managements portfolio is diversified across 5 sectors. 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. 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. Researcher and operations manager at DM Martins Research. financing, asset management, . After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. , For more information, please see the SECs Web Site Privacy and Security Policy. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Alibaba is down 71% from its October 2020 peak. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. In that case, interest rates would pivot and rates would be cut while the government would announce a stimulus package to help households suffering from a failing economy. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. What percentage of income does your firm receive from fees versus commissions? Questions to ask Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. 408-441-8400 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 . "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. tips_and_updates Financial Advisor Education. The impact to a portfolio due to this purchase was 0.65%. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. 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", "Why Is Michael Burry Investing In Water? Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. 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. The fund focuses on investments in the United States as