For more information, contact opendata@sec.gov. 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. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. CUPERTINO, Calif.--(BUSINESS WIRE)--On August 16 th, Scion Asset Management sent a letter to the Board of Directors of GameStop Corp. urging the Board to direct the full execution of its March 4 . It would appear that Burry is betting that China will rebound. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. He has Rusyn ancestry. 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. 2015-2023 Fintel Ventures LLC. It is now the funds third-largest holding, accounting for 12.8% of its holdings. Scion Asset Management, the firm of "The Big Short" investor Michael Burry, disclosed this week that during the fourth quarter of 2019, it closed its holding in Bed Bath & Beyond Inc. (NASDAQ:BBBY . The investment fund also strengthened its position in Geo by buying Operating as an online business, this site may be compensated through third party advertisers. Scion Asset Management. Grapevine, TX 76051. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. 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. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. For more information, please see the SECs Web Site Privacy and Security Policy. Participation in the Certification program, including the payment of an annual fee to investor.com, does not guarantee or in any way bias investor.com's decision to award "Trusted by investor.com" status, and "Trusted by investor.com" status shall not constitute or be construed as an endorsement of any firm by investor.com. Will anyone that was involved be involved with my accounts in any capacity? Upgrade to unlock premium data and export to Excel . | 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. Why does your firm believe in offering commission-based services to clients? Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. 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. [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]. EXHIBIT C. July 28, 2019. 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. The majority of the companies in the funds portfolio are large-cap stocks. How do we make money? Most recent portfolio value is calculated to be $ 46,536,925 USD. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Does your firm, or anyone associated with the firm, practice as a law firm? Warren Buffett's: Berkshire Hathaway. *SEC data last verified February 17, 2023. The firm may also use leverage and derivative strategies to increase the rate of client success. Does your fim accept soft-dollar benefits? Filing Date. [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. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. What does this mean and why is it important? Michael Burry is head of Scion Asset Management. Yes or 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. 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. ", "Why Is Michael Burry Investing In Water? Changes can be due to trades or changes in share prices. The Board of Directors. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. [6], According to his website, Burry liquidated his credit default swap short positions by April 2008 and did not benefit from the bailouts of 2008 and 2009. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. 18951. . Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Chase Coleman's: Tiger Global Management. Portfolio manager(s) are listed as Michael Burry. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Does your firm perform side-by-side management? The concept of Value Investing can sum up Michael Burrys whole investment philosophy. , Fintel is a registered trademark. [4] As a teenager, he attended Santa Teresa High School. 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). We have concerns regarding capital management at . In January, Burry made predictions for an economic downturn in 2023. However, Dr. Burry has a much broader track record in the investing world. [13], In 2005, Burry started to focus on the subprime market. This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. What does this mean? In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. Questions to ask Stocks with a size of more than $10 billion in market cap make up For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. The Scion Group is the largest owner/operator of off-campus student housing communities globally. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. , After more than two years, on February 14, 2019, Scion Asset Management filed another 13F, showing Burry to hold numerous large-cap stocks and $103,528,000 13F assets under management, just above the threshold for filing. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Here's what investors need to know about Michael Burry's long positions. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Description. Scion Asset Management, LLC's top holdings are Scion Asset Management currently serves clients in the following states: CA, TN. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Should I Hire a Financial Advisor or DIY It? Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Michael Burry of Scion Asset Management. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. He has warned a severe recession on several occasions over the last year. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. David Einhorn's: Greenlight Capital. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. 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. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Scion has $638,901,404 assets under management (AUM). Scion Asset Management, LLC's new positions include 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. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How does your firm approach insurance sales? Our partners compensate us through paid advertising. What does this mean? Geo dropped approximately 0.1% in the past year. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Questions to ask Scion Asset Management, LLC Holdings. Scion Asset Management Holdings Heatmap . Investor.com is your trustworthy guide to the world of personal finance. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Michael Burry is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. What does this mean and why is it important? Whoopi Goldberg admits 'politics got in the way' of COVID- REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, US home prices just did something they haven't done since 2012, JPMorgan Chase requires some workers give 6 months notice before quitting, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Rebel Wilson says Meghan Markle isnt as naturally warm as Prince Harry, Kristen Doute supports Ariana Madix amid mutual ex Tom Sandovals scandal, Celeb-loved jewelry brand Dorsey drops dazzling new styles, March 4, 1984: Martina Navratilova defeats Chris Evert at MSG, Tom Sandoval breaks silence on Ariana Madix split amid cheating claims, Canadian teacher with size-Z prosthetic breasts placed on paid leave. Alibaba is down 71% from its October 2020 peak. 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. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! By using this site, you are agreeing to security monitoring and auditing. In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a felony. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 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. 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. [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. 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. Keep reading this article to learn more about Scion Asset Management. Wolverine World Wide, Inc. (US:WWW) These partnerships do not influence editorial content. Execute maintenance objectives and daily assignments with the Facilities Supervisor.