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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. Chase Coleman's: Tiger Global Management. 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. This could be detrimental to a client during down markets. What does this mean? The fund only has four clients. Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance. Questions to ask Scion Asset Management. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. [17] He subsequently liquidated his company to focus on his personal investments. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. 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Researcher and operations manager at DM Martins Research. Portfolio 9 Options 0 Performance. We reserve the right to block IP addresses that submit excessive requests. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market 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 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. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. In his words: All my stock picking is 100% based on the concept of a margin of safety.. 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. 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 . He only looks for their undervalued elements, regardless of their sector and class. 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. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. As a result, the company will soon be able to self-fund its growth and overall operations. 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. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. 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. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. . In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their clients. Top 50 Scion Asset Management Holdings . What percentage of income does your firm receive from fees versus commissions? Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . 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. In addition, the fund holds 5,000,000 shares of . has disclosed 9 total holdings in their latest SEC filings. 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, LLC | 2,358 followers on LinkedIn. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. The investment fund also strengthened its position in Geo by buying What does this mean and why is this important? Currently, their heaviest sector is Real Estate making up 53.2% of "[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. Does your firm perform side-by-side management? Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Note: We do not offer technical support for developing or debugging scripted downloading processes. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. 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. Black Knight Inc (US:BKI) 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. And we will have another inflation spike. . Is your firm affiliated with a law firm in any capacity? Scion Asset Managements portfolio is diversified across 5 sectors. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. What does this mean? Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. [4] As a teenager, he attended Santa Teresa High School. What happened? Common Stock (US:US19247G1076) What conflicts arise from this relationship? 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. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. Louis Bacon's: Moore Capital Management. On this Wikipedia the language links are at the top of the page across from the article title. In total, Scion Asset Management manages $291.7 million in assets. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. 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. In January, Burry made predictions for an economic downturn in 2023. Questions to ask Financial plans and investment portfolios are always unique to the client's personal financial situation. David Einhorn's: Greenlight Capital. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Michael Burry of Scion Asset Management. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. 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. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. What does this mean and why is it important? But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. All rights reserved. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. 1,517,790 additional shares. ", "Why Is Michael Burry Investing In Water? According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. Scion Asset Management is headquartered in Saratoga, California. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. 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. Geo dropped approximately 0.1% in the past year. , Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. [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. 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. Reference ID: 0.35841402.1677949840.1dcfc4e. 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. 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. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. By Steve Burns. 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 stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. 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. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. 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. Will His AI Plans Be Any Different? 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. Scion's current portfolio consists of nearly 82,000 beds of student accommodations in 126 communities, serving 76 college and university markets across 33 U.S. states. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. 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. 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. , whose value fell approximately 0.1% in the past six months. Upgrade to unlock premium data and export to Excel . BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Follow Tweet. Should I Hire a Financial Advisor or DIY It? , of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Stocks with a size of more than $10 billion in market cap make up SEC Form 13F Filing History. It charges an asset-based management fee that can be as high as 2% per year, while it may also take up to 20% of the value of the appreciation from each clients account. As a result, we do not support personal reviews on the site. Most recent portfolio value is calculated to be $ 46,536,925 USD. Based in Saratoga, Calif., Scion has just six employees, two of whom . Note: 13F filing performance is different than fund performance. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. While many fund managers and successful investors such as Cathie Wood are talking about their ideas several times a week in the news, Burry is more quiet. 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. Firm or an affiliate actively engages in business as a law firm or lawyer. And it is notwater is political, and litigious. Scion Asset Management, LLC Saratoga, CA 95070. Written by investor.com. , This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Oils $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? It is now the funds second-largest holding, accounting for 18.3% of its holdings. 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. , Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. 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. 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. Top 50 Scion Asset Management Holdings . . Does your firm offer mutual funds that have 12b-1 fees? Profitability has also been weak. However, Dr. Burry has a much broader track record in the investing world. Please declare your traffic by updating your user agent to include company specific information. [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. Currently tracking portfolios of 77 superinvestors. 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][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. What does this mean and why is it important? Will anyone that was involved be involved with my accounts in any capacity? 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C.