This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. 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 Scion Asset Management manager revealed the purchase of seven new A quarter of the portfolio is made up of consumer discretionary companies. 12.25% 3-Year Performance. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. As a Certified B Corporation, our focus is simple: people before profits. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . 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. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. Our partners compensate us through paid advertising. 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. . Eventually Burry closed his fund and retired. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. These partnerships do not influence editorial content. Our system has identified the following conflict alerts. PDF Form Adv - Sec The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. Average metrics of all companies in portfolio . "[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. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. DATAROMA Invest Alongside Superinvestors [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. | Investormint", "EDGAR Filing Documents for 0001567619-19-004198", The Big Shorts Michael Burry Sees a Bubble in Passive Investing, "Michael Burry Portfolio / Scion Asset Management, LLC Holdings", "Michael Burry tweet, Dec. 1, 2020 (Internet Archive)", "Michael Burry of 'The Big Short' reveals a $530 million bet against Tesla", "Michael Burry of 'Big Short' Bets Against Cathie Wood's ARKK", "Author Michael Lewis on Wall Street's Delusion", "Legendary Investor Leaves Twitter, Lists 8 Metal Bands in Bio", "Where 'The Big Short's Michael Burry Is Today", "Michael Burry: Subprime Short-Seller No. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. However, Burry is also known to take an approach that often contradicts what the broad market dictates. 20665 4th Street, Suite 201. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. All requests for updated information should also be reported directly to the SEC and/or FINRA. What does this mean? This value is significant in that it is the last known price at which the security was still held. Scion Asset Management, LLC operates as an investment firm. 340.42% 1Y 3Y 5Y 10Y. At 06/30/2022: $3,309. 1,517,790 additional shares. (Disclaimers: this is not investment advice. 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. He only looks for their undervalued elements, regardless of their sector and class. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. In total, Scion Asset Management manages $291.7 million in assets. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. We reserve the right to block IP addresses that submit excessive requests. 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. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. To illustrate how successful Dr. Burrys picks were from the origins of Scion Asset Management to the Great Financial Crisis, the hedge fund recorded returns of 489.34% (net of fees and expenses) between its inception in November 2000 to June 2008. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. 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. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. In his words: All my stock picking is 100% based on the concept of a margin of safety.. GameStop Corp. 625 Westport Parkway. 1,", "A Primer on Scion Capitals Subprime Mortgage Short", "Scion Asset Management - Quarterly Holdings Reports", https://en.wikipedia.org/w/index.php?title=Michael_Burry&oldid=1136913298, University of California, Los Angeles alumni, Vanderbilt University School of Medicine alumni, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 February 2023, at 20:47. Scion Asset Management Review. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. I was damned sure I was going to pay it off. Firm can legally elect to accept commissions for their investment advisory services. Fintel is a registered trademark. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. 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. , For more information, contact opendata@sec.gov. He also believes that he expects growth in the consumer price index (CPI) to come down and be possibly negative in the second half of 2023. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in Cassandra B.C. (@michaeljburry) / Twitter Home - sciens water EDGAR Filing Documents for 0001567619-21-010281 - SEC [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. 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. 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. About Us - The Scion Group SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). Nothing on this website constitutes, or is meant to constitute, advice of any kind. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Data is sourced from 13D/13G, 13F, and N-Q filings. What does this mean and why is it important? The fund focuses on investments in the United States as , 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 is an investment fund managing more than $41.3 million ran by Michael Burry. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. Scion Asset Management, LLC This means they effectively own 0.6% of the company. 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 13F annual report (2023) | wallmine Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Firm or an affiliate actively engages in business as a law firm or lawyer. That said, the company has navigated these challenges quite competently, which, combined with its deep-value characteristics, explained why Dr. Burry has bet heavily on The GEO Group. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. 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). Upgrade to unlock premium data and export to Excel . The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. On February 14, Michael Burry filed his company's holdings report with the SEC. 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. The fund only has four clients. Scion's current portfolio consists of nearly 82,000 beds of student accommodations in 126 communities, serving 76 college and university markets across 33 U.S. states. Address: 20665 4th Street Suite 201. EDGAR Filing Documents for 0001567619-21-015632 - SEC 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. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. He then left to start his own hedge fund. 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. Scion's new purchases consist of . 340.15% 5-Year Performance. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. While partners may pay to provide offers or be featured, e.g. 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. $48.3 Million Total portoflio value. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. If you require advice in relation to any financial matter you should consult an appropriate professional. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. What does this mean? 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He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. in 2008. Questions to ask Execute maintenance objectives and daily assignments with the Facilities Supervisor. How does your firm mitigate them? Scion Asset Management currently serves clients in the following states: CA, TN. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA 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. Reference ID: 0.35841402.1677949840.1dcfc4e. In this episode, we hear how she became a sponge for product design, figured out how to make accessible yet high-end jewelry, and how she even relocated to China for the better part of a year to personally see to her brand's manufacturing. 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 firm's asset exposure includes equities, derivatives, and fixed income instruments. 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. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. The total portfolio value may be much higher due to cash He became famous when he was played by Christian Bale in the blockbuster movie 'The Big Short' based on the best selling book by author Michael Lewis.Dr. He also urged investors to liquidate their stocks. 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. Ranked #44 out of 483 Hedge Fund Managers. 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. Scion Asset Management Investor Profile: Portfolio & Exits | PitchBook When he was younger, he noticed that it took him a lot of energy to look people in the eye, and said, "If I am looking at you, that's the one time I know I won't be listening to you".