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This means they effectively own 0.6% of the company. He has Rusyn ancestry. 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. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Scion Asset Management 13F annual report (2023) | wallmine Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which documented the history and events leading up to his contrarian but hugely successful bet against the real estate market in 2008. 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. 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. Any data inaccuracies, please contact our team. ", "Why Is Michael Burry Investing In Water? Firm or related person receives soft-dollar benefits in connection with client securities transactions. Hedge Fund and Insider Trading News: Michael Burry, Bridgewater This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. 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. And it is notwater is political, and litigious. The GEO Group is a specialty REIT that owns, operates, and manages correctional, detention, and reentry facilities in the US, UK, South Africa, and Australia. Why does your firm believe in offering commission-based services to clients? $48 Million Michael Burry Portfolio / Scion Asset Management, LLC 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 . 'Big Short' fund manager Burry dumps portfolio, buys prison stock Since Jun 2013. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. Scion Asset Management 13F annual report (2023) | wallmine 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. Saratoga, CA 95070. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. All rights reserved. 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 . Michael Burry is Betting Everything on These 6 Stocks Geo dropped approximately 0.1% in the past year. Stocks with a size of more than $10 billion in market cap make up Burry's Scion Asset Management said in a regulatory filing in mid-May it had put options on 800,100 Tesla shares as of the end of the first quarter. 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. Portfolio manager(s) are listed as Michael Burry. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. 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. What conflicts do I need to be made aware of? SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. Questions to ask Click the link icon to see the full transaction history. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. This value is significant in that it is the last known price at which the security was still held. Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA SkyWest, Inc. (US:SKYW) [19] He has focused much of his attention on investing in water, gold, and farm land. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. For further detail, see our articles on different types of advisors and financial advisor services. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. [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. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. 100.0% The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Michael Burry has been on a buying spree lately. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. 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. , [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". Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. Michael Burry reveals new stock bets after previously dumping entire T. Black Knight offers blended software, data, and analytics solutions all over the globe. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. That would put the U.S. in a recession under "any definition.". Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. Scion Asset Management Review - MagnifyMoney 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 . Here's what investors need to know about Michael Burry's long positions. 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. 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. Hedge funds are required to report only their long positions, not their short positions. 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. These conflicts can negatively impact clients via hidden fees and overall higher costs. Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Firm can legally elect to accept commissions for their investment advisory services. (Disclaimers: this is not investment advice. [30], Burry is married, with children, and was living in Saratoga, California in 2010. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed In addition, the fund holds 5,000,000 shares of Qurate Retail Inc worth $10.1 million, whose value fell approximately 0.1% in the past six months. The impact to a portfolio due to this purchase was 0.65%. What does this mean? Ray Dalio's: Bridgewater Associates. SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 Researcher and operations manager at DM Martins Research. [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. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Strategies arent specified: There isnt a lot of specificity provided . A quarter of the portfolio is made up of consumer discretionary companies. Point72 Asset Management . He had already built a reputation as an investor at the time by exhibiting success in value investing. No. Current Michael Burry Portfolio 2021 Q1 Update - New Trader U A good way to understand Burry's thinking and Scion Asset Management's . Alibaba Group Holding Limited ADR (US:BABA) 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. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. The author may be long one or more stocks mentioned in this report. Home - sciens water The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. However, he has re-established a stake in the company as shares plunged, now owning around 3.05% of the company with approximately 3 million shares. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. 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. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. The investment fund's only holding now is The . , 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. 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. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Dear Members of the Board, Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,000,000 shares, or about 2.21%, of GameStop, Inc. ("GameStop") common stock. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. I was damned sure I was going to pay it off.. The advisory also believes in using fundamental analysis methods to assess . 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%. Please see our General Disclaimers for more information. 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 . 18951. , whose value fell approximately 0.1% in the past six months. 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. 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 . 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. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. More than 90% of the beds are located in the US. Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades How many times did it occur? The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. We've received your submission. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Cassandra B.C. (@michaeljburry) / Twitter The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. As a result, the company will soon be able to self-fund its growth and overall operations. What conflicts arise from this relationship? It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. He also urged investors to liquidate their stocks. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. The Scion Group is the largest owner/operator of off-campus student housing communities globally. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Description. While many fund managers and successful investors such as Cathie Wood are talking about their ideas several times a week in the news, Burry is more quiet. . Apply for Trusted badge. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History The Scion Asset Management office and employees reside in Saratoga, California. Fintel is a registered trademark. Most recent portfolio value is calculated to be $ 46,536,925 USD. 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. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. WRITE REVIEW. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Portfolio value: $46M+ Period: 2022 Q4. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Why doesnt your firm use a secure website? Regulatory disclosures state that firm sells proprietary investments and products. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. 66.7% of the portfolio companies As a result, we do not support personal reviews on the site. The majority of the companies in the funds portfolio are large-cap stocks. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. What does this mean? The firm may also use leverage and derivative strategies to increase the rate of client success. Qurate Retail Inc makes up "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.