Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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. 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. Thanks for supporting the Wall Street Memes). , The hedge fund exited positions including Alphabet Inc. and Facebook . Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. $48 Million Michael Burry Portfolio / Scion Asset Management, LLC 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. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information 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. Our system found no disciplinary alerts. Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. What does this mean and why is it important? Michael Burry is likely betting on the stocks valuation levels normalizing as we advance, which sounds like a reasonable investment case given Alibabas excellent financials. Cathie Wood says Michael Burry doesn't understand innovation space The majority of the companies in the funds portfolio are large-cap stocks. Thank you for your interest in the U.S. Securities and Exchange Commission. Michael Burry warns of student loans forgiveness consequences Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Michael Burry - Wikipedia of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. 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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. Scion Asset Management's Portfolio - All 9 Public Equity Investments. Portfolio manager(s) are listed as Michael Burry. 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. 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 . Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Why doesnt your firm use a secure website? How do we make money? All rights reserved. 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. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. Qualified participating firms must abide by investor.com Certification program's terms and conditions when utilizing an awarded "Trusted by investor.com" badge, as well as in connection with permitted enhancements to the firm's investor.com profile page. [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. [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. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. He has 25 years of experience as a finance and accounting executive, having served major private and public real estate firms as chief accounting officer, chief financial officer and senior vice president of strategic initiatives. What percentage of income does your firm receive from fees versus commissions? After attending medical school, Dr. Burry left to start his own hedge fund in 2000. 0001567619-21-010281.txt. Michael Burry is Betting Everything on These 6 Stocks He has said, "Fresh, clean water cannot be taken for granted. Michael Burry's Hedge Fund Scion Buys GEO Stock, Dumps META, GOOGL The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Scion Asset Management Holdings Heatmap . Changes can be due to trades or changes in share prices. Scion Asset Management's public equity portfolio is heavily concentrated. Geo dropped approximately 0.1% in the past year. Questions to ask 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. Scion Asset Managements portfolio is diversified across 5 sectors. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Follow Tweet. The Form 13F report requires disclosure of the manager that files the report, the name and class of the security, the CUSIP number, the number of . 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. approximately 0.1% of the total holdings value. 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. 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. Performance. This means they effectively own 0.6% of the company. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Black Knight Inc (US:BKI) 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. Firm or a related person trades securities for themselves that they also recommend to their 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. Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F Scion Asset Management currently serves clients in the following states: CA, TN. MGM Resorts International (US:MGM) Scion Asset Management, LLC - Filing History - Michael Burry - Fintel On this Wikipedia the language links are at the top of the page across from the article title. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Michael Burry does see a recession coming, but that hasn't stopped himrather his hedge fund Scion Asset Managementfrom stocking up on some positions likely to be hit hard by a downturn. By using this site, you are agreeing to security monitoring and auditing. When? 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. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. 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%. Will anyone that was involved be involved with my accounts in any capacity? By the end of 2004, he was managing $600 million and turning money away. What does this mean? $41.4 million and $41.2 million respectively. 100.0% Here's what investors need to know about Michael Burry's long positions. What does this mean? [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Cassandra B.C. (@michaeljburry) / Twitter Profitability has also been weak. SCION ASSET MANAGEMENT, LLC. What conflicts do I need to be made aware of? The author may be long one or more stocks mentioned in this report. Green rows indicate new positions. Terms of Use | Disclaimers | Privacy Policy. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. [17] He subsequently liquidated his company to focus on his personal investments. Dr. Michael Burry Long Gamestop: Sends Letter to Board 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Any data inaccuracies, please contact our team. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Stocks and cryptocurrency portfolio tracker. 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. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Alibaba Group Holding Limited ADR (US:BABA) Michael Burry is an American investor, and hedge fund manager. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. Scion Asset Management LLC Top Holdings 13F Filings 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 . Scion has $638,901,404 assets under management (AUM). Black Knight Inc (US:BKI) Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Scion Asset Management is headquartered in Saratoga, California. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. All rights reserved. What does this mean and why is it important? . [13], In 2005, Burry started to focus on the subprime market. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. What does this mean and why is this important? financing, asset management, . David Einhorn's: Greenlight Capital. Note: 13F filing performance is different than fund performance. The impact to a portfolio due to this purchase was 0.65%. 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. "[12], After shutting down his website in November 2000, Burry started the hedge fund Scion Capital, funded by an inheritance and loans from his family. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. What does this mean? Portfolio 9 Options 0 Performance.
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