Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) 2015-2023 Fintel Ventures LLC. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. , Scion Asset Management 13F annual report (2023) | wallmine Does your firm perform side-by-side management? 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. All Scion Asset Management, LLC holdings are listed in the following tables. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Michael Burry's Hedge Fund Scion Buys GEO Stock, Dumps META, GOOGL Any data inaccuracies, please contact our team. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. and The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. Filing Date. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Which securities does your firm trade for itself that it will also be recommending to me? Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and . Firm performs side-by-side management with accounts that have differing fee structures. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Follow Tweet. 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. What does this mean? Scion Asset Management, LLC , "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . As of 7th November 2022, Scion Asset Management's top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. [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. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. 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. David Einhorn's: Greenlight Capital. And JD.com is in a similar situation, being 57% below its peak in February 2021. Is your firm affiliated with a law firm in any capacity? What does this mean? Our team combines decades of experience in all aspects of campus housing: residential life administration, real estate finance, program and asset management, plus practical knowledge from the ownership . Strategies arent specified: There isnt a lot of specificity provided . He has Rusyn ancestry. Here's what investors need to know about Michael Burry's long positions. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. It's not hard.". What does this mean? 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 . Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Michael Burry is an American investor, and hedge fund manager. [13], In 2005, Burry started to focus on the subprime market. Our partners compensate us through paid advertising. Michael Burry - Wikipedia Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. What does this mean and why is it important? Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . What does this mean and why is it important? 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. 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. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. This relationship may introduce bias where a firm or related person recommends certain securities with which they are affiliated, rather than others that may have higher returns. $48.3 Million Total portoflio value. How do these benefits affect the firms selection of a broker-dealer partner? Scion Asset Management, LLC Holdings. When? compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. 1,517,790 additional shares. This arrangement creates a conflict where the firm and its representatives may be incentivized to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. Regulatory disclosures state that firm sells proprietary investments and products. He is best known for being amongst the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. Ultimately, Burrys analysis proved right. Note: We do not offer technical support for developing or debugging scripted downloading processes. 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. , According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Firm can legally elect to accept commissions for their investment advisory services. About Us - Scion Advisory Currently, their heaviest sector is Real Estate making up 53.2% of The current portfolio value is calculated to be $47.00 Mil. For instance, research has shown that mutual funds that use incentive fees take on more risk than funds that do not, and tend to double down and increase their risk following a poor performance. Form 13F is required to be filed within 45 days of the end of a calendar quarter. He had already developed a reputation as an investor by demonstrating success in value investing, which he wrote about on message boards on the stock discussion site Silicon Investor beginning in 1996. Grapevine, TX 76051. Cassandra B.C. (@michaeljburry) / Twitter The portfolio is made up of a total of 102 facilities, including 82,000 beds. Burry was born and grew up in San Jose, California. These filings are called "notice filings". Researcher and operations manager at DM Martins Research. 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. EDGAR Filing Documents for 0001567619-21-010281 - SEC Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. Questions to ask A regulatory agency other than 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. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. 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. Fintel is a registered trademark. 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%. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time. What does this mean and why is it important? This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. He looks for investments in undervalued companies with strong long-term prospects. Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. 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. Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA * Reported Price is the price of the security as of the portfolio date. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. What does this mean? 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. 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. 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. The fund has around $291.7 million in assets under management (AUM), $41.3 million of which is allocated to the firms public equity portfolio. Most recent portfolio value is calculated to be $ 46,536,925 USD. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. The stock is now traded at around $14.430000. The majority of the companies in the funds portfolio are large-cap stocks. Our Methodology. Burry has a strictly traditional understanding of value. [19] He has focused much of his attention on investing in water, gold, and farm land. : 000000000 | State of Incorp. 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. the total portfolio value. Questions to ask This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Bill Ackman's: Pershing Square Capital Management. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. Scion Asset Management is headquartered in Saratoga, California. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their clients. 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. What conflicts do I need to be made aware of? With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com's Trust Score algorithm or review process. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. [9] While off duty at night, he worked on his hobby: financial investing. 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. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. Michael Burry Portfolio and News | GuruFocus Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). The fund only has four clients. We have concerns regarding capital management at . [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. Point72 Asset Management . While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. There are currently 6 companies in Mr. Burrys portfolio. Scion Asset Management General Information. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. [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". So is Burry less bearish on the U.S. economy than he was last year? Data is sourced from 13D/13G, 13F, and N-Q filings. His analysis resulted in him shorting the market by convincing Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as weak. Scion Asset Management 13F annual report. The companys operating segments include Active Group, Work Group, and Lifestyle Group, which individually focus anywhere from casual footwear and apparel to industrial work boots and apparel. 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. That would put the U.S. in a recession under "any definition.". Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. , "Trusted by investor.com" status is reserved to those financial advisor firms meeting investor.com's strict requirements, beginning with earning no less than a 4.5 to 5 -star rating based on investor.com's independent Trust algorithm analysis. Michael Burry Stock Portfolio 2023 - Scion Asset Management Holdings 13F However, Dr. Burry has a much broader track record in the investing world. And it is notwater is political, and litigious. There are currently 6 companies in Mr. Burry's portfolio. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. See how we calculate 13F filing performance here. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Does your firm, or anyone associated with the firm, practice as a law firm? This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. We use the change in the portfolio allocation because this is the most meaningful metric. What does this mean? The firm may also use leverage and derivative strategies to increase the rate of client success. Alibaba Group Holding Limited ADR (US:BABA) Link to 13F filings: SEC filings. 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. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. 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. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Please provide me a list of the products and a summary of how much your firm earns from them. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. 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. 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. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. These companies are located in Dover DE, Madison WI, and Saratoga CA. SkyWest, Inc. (US:SKYW) The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Dr. Burry Apply for Trusted badge. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Common Stock (US:US19247G1076) Scion Asset Management's public equity portfolio is heavily concentrated. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Scion Asset Management 13F annual report (2023) | wallmine Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Questions to ask And we will have another inflation spike. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. The turnover rate is 70%. What does this mean and why is it important? Portfolio manager(s) are listed as Michael Burry. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. 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. Please see our General Disclaimers for more information. At 06/30/2022: $3,309. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. What percentage of income does your firm receive from fees versus commissions? 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. Reference ID: 0.35841402.1677949840.1dcfc4e. 10/2021 4/18/2022 5:06:55 PM SCION ASSET MANAGEMENT, LLC SCION ASSET MANAGEMENT, LLC (2) If you are using this Form ADV to register more than one investment adviser under an umbrella registration , check this box . [4] As a teenager, he attended Santa Teresa High School. You can download an Excel spreadsheet with metrics that matter of Scion Asset Managements current 13F equity holdings below: Click here to instantly download your free spreadsheet of all Scion Asset Management / Michael Burry holdings now, along with important investing metrics.