It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Scion Asset Management Q4 '22 Top Holdings (Author Spreadsheet 13F Data) Largely unrelated to one's personal attitude or opinion of Michael Burry, there are few 13F's in the industry that are more . Scion Asset Management, LLC Holdings. 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. 2023 Reink Media Group LLC. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Alibaba Group Holding Limited ADR (US:BABA) documented the history and events leading up to his contrarian but hugely successful bet against the real estate market These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Read through our introductory course to financial advisors. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. tips_and_updates Financial Advisor Education. A good way to understand Burry's thinking and Scion Asset Management's . Questions to ask Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Latest Holdings, Performance, AUM (from 13F, 13D). This could also limit the number and diversity of investment options available and may impact their transferability. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . and Top 50 Scion Asset Management Holdings . The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. It is now the funds third-largest holding, accounting for 12.8% of its holdings. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. Scion's new purchases consist of . Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Scion has $638,901,404 assets under management (AUM). He has Rusyn ancestry. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Terms of Use | Disclaimers | Privacy Policy. Currently tracking portfolios of 77 superinvestors. All Scion Asset Management, LLC holdings are listed in the following tables. 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. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. The GEO Group is a specialty REIT that owns, operates, and manages correctional, detention, and reentry facilities in the US, UK, South Africa, and Australia. What does this mean and why is it important? 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. Scion Asset Management 13F annual report. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Chase Coleman's: Tiger Global Management. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Portfolio value: $46M+ Period: 2022 Q4. Questions to ask Scion Asset Managements portfolio is diversified across 5 sectors. Note: We do not offer technical support for developing or debugging scripted downloading processes. February 17, 2023. When? 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, LLC. What does this mean? [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. * Reported Price is the price of the security as of the portfolio date. What does this mean and why is it important? Bruce Berkowitz's: Fairholme Capital Management. 347 Followers. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. David Einhorn's: Greenlight Capital. See the Top Performing Hedge-Funds > Michael Burry . Investment adviser firms registered with the SEC may be required to provide to state securities authorities a copy of their Form ADV and any accompanying amendments filed with the SEC. The stock is now traded at around $14.430000. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. 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. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. , Based in Saratoga, Calif., Scion has just six employees, two of whom . Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. This value is significant in that it is the last known price at which the security was still held. 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." Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. I was damned sure I was going to pay it off.. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. 2015-2023 Fintel Ventures LLC. financing, asset management, . 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. [30], Burry is married, with children, and was living in Saratoga, California in 2010. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. 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. 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. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. By using this site, you are agreeing to security monitoring and auditing. : DE | Fiscal Year End: 1231. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. 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. has disclosed 9 total holdings in their latest SEC filings. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. What does this mean and why is it important? However, Dr. Burry has a much broader track record in the investing world. All requests for updated information should also be reported directly to the SEC and/or FINRA. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. What does this mean and why is it important? [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. What does this mean and why is it important? Saratoga, CA 95070. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Does your firm perform side-by-side management? Scion employs over 1,750 team members and has over $9 billion of assets under . More than 90% of the beds are located in the US. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. , , Portfolio manager(s) are listed as Michael Burry. Firm's/Financial Professional's investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. Charlie Munger - Daily Journal Corp. For instance, research has shown that mutual funds that use incentive fees take on more risk than funds that do not, and tend to double down and increase their risk following a poor performance. [19] He has focused much of his attention on investing in water, gold, and farm land. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Will any of my assets be invested in those products? 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. What does this mean? Firm performs side-by-side management with accounts that have differing fee structures. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. While partners may pay to provide offers or be featured, e.g. 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.
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