Will His AI Plans Be Any Different? Some of the largest purchases done by Scion Asset Management are follows: Ace Ltd; The hedge fund owns about 50000 shares of ACE Ltd, which reflects about 7.89% of their portfolio. 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. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. the total portfolio value. The current portfolio value is calculated to be $47.00 Mil. 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. | 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. This form was filed on 2023-02-14 for the reporting period 2022-12-31. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. If you require advice in relation to any financial matter you should consult an appropriate professional. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. What does this mean and why is it important? Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Questions to ask Financial plans and investment portfolios are always unique to the client's personal financial situation. Scion Asset Management Holdings Heatmap . By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Currently, Scion Asset Management's portfolio is worth at least $41.3 million. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Follow Tweet. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Qurate Retail Inc makes up The holding were 650,000 shares as of 2021-03-31. 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. Scion Asset Management, LLC's new positions include Please provide me a list of the products and a summary of how much your firm earns from them. 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 . We have concerns regarding capital management at . These filings are called "notice filings". 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. 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. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. Why has Burry, who is bearish on the . Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. We use the change in the portfolio allocation because this is the most meaningful metric. "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. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Firm can legally elect to accept commissions for their investment advisory services. Green rows indicate new positions. 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. 1001 and 1030). All rights reserved. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. 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. Common Stock (US:US19247G1076) Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Scion Asset Management, LLC Holdings. A good way to understand Burry's thinking and Scion Asset Management's . "[20], Glimpses were offered into Scion's portfolio with 13Fs filed from the 4th quarter of 2015 through the 3rd quarter of 2016, as required by the SEC when fund holdings top $100 million. For the most up-to-date information, please view the applicable SEC and FINRA reports above. I was damned sure I was going to pay it off. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. However, Dr. Burry has a much broader track record in the investing world. In January, Burry made predictions for an economic downturn in 2023. 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. Note: We do not offer technical support for developing or debugging scripted downloading processes. Nevertheless, it is Dr. Burrys legendary plays prior to the Great Financial Crisis, and the massive returns that followed that pushed his name into the international spotlight. 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. Point72 Asset Management . Which securities does your firm trade for itself that it will also be recommending to me? In addition, the fund holds 5,000,000 shares of . As a Certified B Corporation, our focus is simple: people before profits. Others say the plan is too costly and burdensome on taxpayers. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Stocks with a size of more than $10 billion in market cap make up '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Scion Asset Management 13F annual report. 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. 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. What does this mean? While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. 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's Portfolio - All 9 Public Equity Investments. Read through our introductory course to financial advisors. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Questions to ask The companys vast portfolio of products includes optical and electro-optical components and materials, fiber lasers, infrared optical components, and high-precision optical assemblies, amongst others. Grapevine, TX 76051. What happened? The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. Checks take place monthly. What conflicts arise from this relationship? Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. What does this mean and why is it important? Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. 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. No. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. 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. Firm performs side-by-side management with accounts that have differing fee structures. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. "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. At 06/30/2022: $3,309. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. This means they effectively own 0.6% of the company. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. He is best known for being amongst the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. 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. What conflicts do I need to be made aware of? The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. This could also limit the number and diversity of investment options available and may impact their transferability. Competition has been eating the companys lunch for years, with Wolverine having a hard time sustaining its sales over the past decade, let alone growing them. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. By using this site, you are agreeing to security monitoring and auditing. 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. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency.

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