WRITE REVIEW. 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. 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. 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. 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. *SEC data last verified February 17, 2023. Grapevine, TX 76051. Scion's new purchases consist of . For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. [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. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. What does this mean and why is it important? 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. [9], Despite not practicing, Burry has kept his license as a physician active with the Medical Board of California, including continuing education requirements.[10][11]. 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. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information 20665 4th Street, Suite 201. What does this mean? Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. 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 . The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Black Knight Inc (US:BKI) This could be detrimental to a client during down markets. , Point72 Asset Management . 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). Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. 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. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History What does this mean? (Disclaimers: this is not investment advice. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Reference ID: 0.35841402.1677949840.1dcfc4e. 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 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. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Burry predicted, "Fed will cut and government will stimulate. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Scion Asset Management's public equity portfolio is heavily concentrated. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. This page was last edited on 1 February 2023, at 20:47 (UTC). This means they effectively own 0.6% of the company. 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. 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%. 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. Geo dropped approximately 0.1% in the past year. 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 . You wont receive financial advice or any financial planning services as an individual investor, and you can only invest in the available funds that the firm oversees. Keep reading this article to learn more about Scion Asset Management. "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. 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. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Ultimately, Burrys analysis proved right. Changes can be due to trades or changes in share prices. What does this mean? SCION ASSET MANAGEMENT, LLC. These partnerships do not influence editorial content. What does this mean and why is it important? What does this mean and why is it important? 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. [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. Scion Asset Management, LLC's top holdings are In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. 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. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. It is now the funds second-largest holding, accounting for 18.3% of its holdings. 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. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. [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". On this Wikipedia the language links are at the top of the page across from the article title. Burry followed up his warning by detailing his own experience with student debt. 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. Firm or related person receives soft-dollar benefits in connection with client securities transactions. What does this mean? Follow Tweet. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Scion Asset Management, LLC Portfolio Never miss a trade. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). In January, Burry made predictions for an economic downturn in 2023. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. As a Certified B Corporation, our focus is simple: people before profits. What does this mean and why is this important? This video discusses the update to Michael Burry's portfolio (Scion Asset Management). T. Black Knight offers blended software, data, and analytics solutions all over the globe. Questions to ask
Does your fim accept soft-dollar benefits? The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. We use the change in the portfolio allocation because this is the most meaningful metric. Scion Asset Management 13F annual report. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. This website is provided as is without any representations or warranties, express or implied. If you require advice in relation to any financial matter you should consult an appropriate professional. Questions to ask
The author may be long one or more stocks mentioned in this report. [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. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. They manage For more information, please see the SECs Web Site Privacy and Security Policy. Eventually Burry closed his fund and retired. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. 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. Here's what investors need to know about Michael Burry's long positions. Louis Bacon's: Moore Capital Management. All requests for updated information should also be reported directly to the SEC and/or FINRA. : DE | Fiscal Year End: 1231. 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. All Scion Asset Management, LLC holdings are listed in the following tables. What does this mean? Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . Questions to ask
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. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Please see our General Disclaimers for more information.