The firm may also use leverage and derivative strategies to increase the rate of client success. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Michael Burry warns of student loans forgiveness consequences What does this mean? Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. Hedge funds are required to report only their long positions, not their short positions. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). How do these benefits affect the firms selection of a broker-dealer partner? 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. Scion Asset Management - Michael Burry - Insider Monkey Alibaba is down 71% from its October 2020 peak. Will anyone that was involved be involved with my accounts in any capacity? Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. 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. These conflicts can negatively impact clients via hidden fees and overall higher costs. Black Knight Inc (US:BKI) Note: We do not offer technical support for developing or debugging scripted downloading processes. On this Wikipedia the language links are at the top of the page across from the article title. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. 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. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. Home - sciens water Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Firm recommends securities or other investment products to advisory clients in which the firm or a related person has some other proprietary (ownership) interest that isnt related to trading or holding the security or securities themselves personally. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. At 06/30/2022: $3,309. Will any of my assets be invested in those products? Relative to the previous quarter there was a little reshuffling of his holdings. 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). This makes their stake in Geo total 2,019,150 shares worth $15.5 million. 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. Execute maintenance objectives and daily assignments with the Facilities Supervisor. He also urged investors to liquidate their stocks. DATAROMA Superinvestors Portfolio Holdings Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. As a result, the company will soon be able to self-fund its growth and overall operations. Changes can be due to trades or changes in share prices. What does this mean and why is it important? *SEC data last verified February 17, 2023. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. The GEO Group Inc (US:GEO) After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Michael Burry is an American investor, and hedge fund manager. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Scion Asset Management Holdings Heatmap . Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. What does this mean? What does this mean and why is it important? 'Big Short' Michael Burry Invested Twice in Bed Bath & Beyond Stock SkyWest, Inc. (US:SKYW) 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. Questions to ask Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. 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. A quarter of the portfolio is made up of consumer discretionary companies. Precisely because he doesnt focus on a specific industry and because the essence of financial metrics shifts by industry and each companys place in the economic cycle, Dr. Burry utilizes the ratio of enterprise value (EV) to EBITDA when researching investment ideas. What does this mean? And we could be headed for another recession. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. The investment fund's only holding now is The . Figure 1:What to Know About Michael "Big Short" Burry's Latest Stock Purchase, Read also: GameStop Stock: What the SEC Says About Direct Registration. 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. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. In his words: All my stock picking is 100% based on the concept of a margin of safety.. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. For further detail, see our articles on different types of advisors and financial advisor services. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Fintel is a registered trademark. T. Black Knight offers blended software, data, and analytics solutions all over the globe. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . What does this mean? Portfolio Gain +257.56%. Filing Date. About Us - Scion Advisory For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Ray Dalio's: Bridgewater Associates. 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 Capital returned 489.34% (net of fees and expenses) between November 1, 2000 and June 2008 compared to 3% total return from S&P 500 during the same time frame. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Ranked #44 out of 483 Hedge Fund Managers. . 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 Medical Center. Portfolio 9 Options 0 Performance. Top 10 Stocks Held By Scion Asset Management LLC Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. The company has been growing rapidly over the past few years while retaining compelling profitability levels. , 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). Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Please provide me a list of the products and a summary of how much your firm earns from them. 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. 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: Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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. We use the change in the portfolio allocation because this is the most meaningful metric. 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. Link to 13F filings: SEC filings. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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%. Firm can legally elect to accept commissions for their investment advisory services. However, Burry is also known to take an approach that often contradicts what the broad market dictates. I cover the recent 13F filings and the logic behind Michael Burry's po. Scion employs over 1,750 team members and has over $9 billion of assets under . The third-largest holding is CoreCivic Inc worth $6.41 million and the next is Aerojet Rocketdyne Inc worth $5.3 million, with 132,561 shares owned. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? EXHIBIT C. July 28, 2019. The portfolio is made up of a total of 102 facilities, including 82,000 beds. Ultimately, Burrys analysis proved right. Thanks for supporting the Wall Street Memes). Performance. This page was last edited on 1 February 2023, at 20:47 (UTC). Currently tracking portfolios of 77 superinvestors. February 17, 2023. Scion Asset Management, LLC's top holdings are Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Updated 05 Jan 2023. Scion Asset Management 13F annual report (2023) | wallmine The Scion Group is the largest owner/operator of off-campus student housing communities globally. Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA 20665 4th Street, Suite 201. Is your firm a broker-dealer or are you affiliated with one? But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. The portfolio's exposure to China is also thought-provoking. By Steve Burns. Scion Asset Management, LLC The total portfolio value may be much higher due to cash The concept of Value Investing can sum up Michael Burrys whole investment philosophy. [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. All requests for updated information should also be reported directly to the SEC and/or FINRA. Top 50 Scion Asset Management Holdings . For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Dr. Michael Burry Long Gamestop: Sends Letter to Board Hedge Fund Manager. See how we calculate 13F filing performance here. Does your firm, or anyone associated with the firm, practice as a law firm? Questions to ask Scion Asset Management, LLC Portfolio Never miss a trade. Questions to ask Nothing on this website constitutes, or is meant to constitute, advice of any kind. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. 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.
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