Common Stock (US:US19247G1076) The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. , To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Black Knight Inc (US:BKI) There are currently 6 companies in Mr. Burrys portfolio. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. He became famous when he was played by Christian Bale in the blockbuster movie 'The Big Short' based on the best selling book by author Michael Lewis.Dr. Fintel is a registered trademark. 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. Does your firm, or anyone associated with the firm, practice as a law firm? Questions to ask Execute maintenance objectives and daily assignments with the Facilities Supervisor. In addition, the fund holds 5,000,000 shares of . Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Questions to ask 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. Dr. Burry See the articles below for analysis on other major investment firms/asset managers/gurus: If you are interested in finding more high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful: The major domestic stock market indices are another solid resource for finding investment ideas. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. [18][16], In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser (ERA) active in the state of California and approved by the SEC. 0001567619-21-015632. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Yes or How many times did it occur? Burry predicted Tesla stock would collapse like the housing bubble,[27] saying that "my last Big Short got bigger and Bigger and BIGGER" and taunted Tesla bulls to 'enjoy it while it lasts. JD.com, Inc. (US:JD) SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Portfolio 9 Options 0 Performance. The impact to a portfolio due to this purchase was 0.65%. The portfolio is made up of a total of 102 facilities, including 82,000 beds. $41.4 million and $41.2 million respectively. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. This could also limit the number and diversity of investment options available and may impact their transferability. Top 50 Scion Asset Management Holdings . Portfolio manager(s) are listed as Michael Burry. | 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. 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. Scion Asset Management 13F annual report. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. All requests for updated information should also be reported directly to the SEC and/or FINRA. 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. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. What does this mean and why is it important? Scion Asset Management currently serves clients in the following states: CA, TN. He quickly earned extraordinary profits for his investors. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. The fund focuses on investments in the United States as 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. U.S Market Open - Market Closes in 49M 55S. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. 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. "[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. 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. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. Michael Burry is head of Scion Asset Management. SEC Form 13F Filing History. The Scion Asset Management office and employees reside in Saratoga, California. We've received your submission. 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. At 06/30/2022: $3,309. 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. Scion Asset Management Holdings Heatmap . 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. Heejin Kim and Myungshin Cho (29 August 2019). 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? Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. It's worth noting that more than a third of Scion Asset Management's portfolio is now made up of companies in the industrial sector. 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. 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. To illustrate how successful Dr. Burrys picks were from the origins of Scion Asset Management to the Great Financial Crisis, the hedge fund recorded returns of 489.34% (net of fees and expenses) between its inception in November 2000 to June 2008. *SEC data last verified February 17, 2023. In January, Burry made predictions for an economic downturn in 2023. What does this mean? Firm or a related person trades securities for themselves that they also recommend to their clients. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. This page was last edited on 1 February 2023, at 20:47 (UTC). Qurate Retail Inc makes up Musk Made a Mess at Twitter. and 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. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Questions to ask Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. The total portfolio value may be much higher due to cash I was damned sure I was going to pay it off.. Will any of my assets be invested in those products? Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . 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. What does this mean and why is it important? However, Dr. Burry has a much broader track record in the investing world. Checks take place monthly. The fund only has four clients. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Scion Asset Management, LLC operates as an investment firm. A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. , whose value fell approximately 0.1% in the past six months. 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. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. 2023 NYP Holdings, Inc. 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