Black Knight Inc (US:BKI) What does this mean and why is it important? Based in Saratoga, Calif., Scion has just six employees, two of whom . The firm's asset exposure includes equities, derivatives, and fixed income instruments. Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Should I Hire a Financial Advisor or DIY It? The average market cap of the portfolio companies is close to $2.02 billion. Michael Burry is Betting Everything on These 6 Stocks On this Wikipedia the language links are at the top of the page across from the article title. What does this mean? Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. 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. T. Black Knight offers blended software, data, and analytics solutions all over the globe. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. Why does your firm believe in offering commission-based services to clients? The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. 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. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. 2021-08-16. I cover the recent 13F filings and the logic behind Michael Burry's po. Here's what investors need to know about Michael Burry's long positions. Bill Ackman's: Pershing Square Capital Management. What percentage of income does your firm receive from fees versus commissions? According to the latest 13F filing from famed investor Michael J. Burry's Scion Asset Management, the hedge fund has added seven new stocks to its portfolio. Changes can be due to trades or changes in share prices. It's not hard.". 0001567619-21-015632. Ranked #44 out of 483 Hedge Fund Managers. Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel 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. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Michael J. Burry is known by most as the Big Short investor due to the eponymous movie revolving around himself and his story during the days of the Great Financial Crisis, a role played by Christian Bale. Please send any feedback, corrections, or questions to support@suredividend.com. The fund only has four clients. The companys operating segments include Active Group, Work Group, and Lifestyle Group, which individually focus anywhere from casual footwear and apparel to industrial work boots and apparel. 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: 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. 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. Hedge funds are required to report only their long positions, not their short positions. How does your firm mitigate them? "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. the total portfolio value. What does this mean and why is this important? Does your fim accept soft-dollar benefits? Wolverine World Wide, Inc. (US:WWW) Click the link icon to see the full transaction history. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-12-31. His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Firm can legally elect to accept commissions for their investment advisory services. Portfolio value: $46M+ Period: 2022 Q4. , Scion Asset Management, LLC - Filing History - Michael Burry - Fintel The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. So while Michael Burry's hedge fund has about $46.5 million in long positions reported in its 13F, it is likely that behind this may be another "big short." Saratoga, CA 95070. Scion Asset Management, LLC's top holdings are *SEC data last verified February 17, 2023. . 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. SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com 2015-2023 Fintel Ventures LLC. 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. Questions to ask They manage Scion Asset Management's Portfolio - All 9 Public Equity Investments. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Musk Made a Mess at Twitter. Michael Burry . For the most up-to-date information, please view the applicable SEC and FINRA reports above. The Scion Asset Management manager revealed the purchase of seven new stocks in the last 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. 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). As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. [29] During the second quarter of 2021, he has reported to hold puts on almost 31 million dollars on the ARKK ETF innovation index managed by Ark Invest. Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. The latest quarterly filing from Scion Asset ManagementMichael Burry's firmshows no bearish bets against the electric-vehicle giant Tesla The loss of a notable bear appears to be giving . in 2008. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. 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. 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. Scion Asset Management Fund Performance History & Annualized Return Following the massive triumph he experienced by successfully predicting the subprime mortgage crisis of 2007-2008, Dr. Michael Burry has grown into a living legend in the world of finance. $48 Million Michael Burry Portfolio / Scion Asset Management, LLC Why has Burry, who is bearish on the . 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. What happened? , Scion Asset Management 13F annual report (2023) | wallmine MGM Resorts International (US:MGM) 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 one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. and Questions to ask 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. 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. Bruce Berkowitz's: Fairholme Capital Management. The Scion Asset Management chief's grim prediction may be coming true, as the S&P 500 and Nasdaq indexes tumbled by 19% and 33% respectively in 2022. 1,517,790 additional shares. A Self-Regulatory Organization 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. See how we calculate 13F filing performance here, Scion Asset Management / Michael Burry holdings now, Scion Asset Managements Fund Manager, Michael Burry, Scion Asset Managements Investment Philosophy & Strategy, Scion Asset Managements Noteworthy Portfolio Changes, Scion Asset Managements Portfolio All 9 Public Equity Investments, 20 Highest Yielding Monthly Dividend Stocks, Liberty Latin America Ltd Class C (LILAK). Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. In January, Burry made predictions for an economic downturn in 2023. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Since Jun 2013. Investors profit from puts when the . Questions to ask Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Address: 20665 4th Street Suite 201. EDGAR Filing Documents for 0001567619-21-010281 - SEC Which securities does your firm trade for itself that it will also be recommending to me? What does this mean and why is this important? Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . 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. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. This is a low margin business in the first place, and so despite the company posting record revenues last year, it saw a decline in earnings. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). He also urged investors to liquidate their stocks. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. By using this site, you are agreeing to security monitoring and auditing. Our system has identified the following conflict alerts. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. This conclusion led him to short the market by persuading Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as vulnerable. 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. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Is your firm a broker-dealer or are you affiliated with one? "Here's the story of one of the heroes of 'The Big Short', "The True Story Behind The Big Short - Real Michael Burry", The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History, "Mercury News Interview: Hedge fund manager saw subprime meltdown coming", "These Doctors Mean Business," Whitney, Kathy, Medicine (Vanderbilt School of Medicine), Summer 2014, "Learning From Dr. Michael Burry's Investment Philosophy", "Michael Burry Profiled: Bloomberg Risk Takers", "I Saw the Crisis Coming. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". As a Certified B Corporation, our focus is simple: people before profits. No. In total, Scion Asset Management manages $291.7 million in assets. What does this mean? 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 . 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. Please provide me a list of the products and a summary of how much your firm earns from them. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock The advisory also believes in using fundamental analysis methods to assess . Firm or a related person trades securities for themselves that they also recommend to their clients. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. Please see our General Disclaimers for more information. 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It is now the funds third-largest holding, accounting for 12.8% of its holdings. 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. Black Knight Inc (US:BKI) Questions to ask After attending medical school, Dr. Burry left to start his own hedge fund in 2000. 340.42% 1Y 3Y 5Y 10Y. WRITE REVIEW. What does this mean? Scion Asset Management Review - MagnifyMoney Dr. Michael Burry Long Gamestop: Sends Letter to Board Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Hedge Fund Manager. Follow Tweet. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Regulatory disclosures state that firm sells proprietary investments and products. 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. 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. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed We have concerns regarding capital management at . SCION ASSET MANAGEMENT, LLC | LinkedIn What does this mean and why is it important? 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. [4] As a teenager, he attended Santa Teresa High School. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. 'Big Short' fund manager Burry dumps portfolio, buys prison stock In addition, the fund holds 5,000,000 shares of . Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Questions to ask Red rows indicate closed positions. He quickly earned extraordinary profits for his investors. 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. and Salesforce CEO Marc Benioff sounds the alarm on recession - with shades Stocks and cryptocurrency portfolio tracker. 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. Scion Asset Management. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades Questions to ask 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. What does this mean? IAPD - Investment Adviser Public Disclosure - Homepage Will anyone that was involved be involved with my accounts in any capacity? 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla 100.0% The firm prefers to employ long/short, market neutral, and activist strategies. approximately 0.1% of the total holdings value. 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.
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