What does this mean? As a Certified B Corporation, our focus is simple: people before profits. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. 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. Michael J. Burry is known by most as the Big Short investor due to the eponymous movie revolving around himself and his story during the days of the Great Financial Crisis, a role played by Christian Bale. Black Knight Inc (US:BKI) By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). As InvestorPlace's Eddie Pan reported on Aug. 15, Burry's firm Scion Asset Management has sold all of its U.S.-listed positions except for one GEO. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. 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. Most recent portfolio value is calculated to be $ 46,536,925 USD. Some firms receive these fees as payments, which creates an incentive to promote them. It's not hard.". Please send any feedback, corrections, or questions to support@suredividend.com. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Burry followed up his warning by detailing his own experience with student debt. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Scion Asset Management, LLC Portfolio Never miss a trade. 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. Latest Holdings, Performance, AUM (from 13F, 13D). Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . 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. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. It would appear that Burry is betting that China will rebound. By Steve Burns. Here you can find the latest trades based on Burry's 13F filings and insider trades. 340.42% 1Y 3Y 5Y 10Y. Warren Buffett's: Berkshire Hathaway. 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. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. Researcher and operations manager at DM Martins Research. Scion Asset Management currently serves clients in the following states: CA, TN. However, he has re-established a stake in the company as shares plunged, now owning around 3.05% of the company with approximately 3 million shares. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Relative to the previous quarter there was a little reshuffling of his holdings. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Alibaba is down 71% from its October 2020 peak. Unlike HTTPS connections, HTTP connections are not encrypted. Strategies arent specified: There isnt a lot of specificity provided . Designer and entrepreneur Melody Ehsani takes us on a journey from her early days working retail, to designing her first shoes and jewelry lines, to collaborating with Red Hot Chili Peppers and Jordan brand before taking on a bespoke role at Foot Locker. Note: 13F filing performance is different than fund performance. 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. Published on February 27th, 2023 by Nikolaos Sismanis. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Charlie Munger - Daily Journal Corp. Steven Cohen's: Point72 Asset Management. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. 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. The fund only has four clients. Questions to ask 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. If you require advice in relation to any financial matter you should consult an appropriate professional. This form was filed on 2023-02-14 for the reporting period 2022-12-31. Please see our General Disclaimers for more information. "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. Questions to ask Which securities does your firm trade for itself that it will also be recommending to me? 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 misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses. 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. Scion Asset Management. As a result, we do not support personal reviews on the site. Firm or an affiliate actively engages in business as a law firm or lawyer. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Portfolio manager(s) are listed as Michael Burry. February 17, 2023. Growth has also been smooth for the company due to the recurring nature of its business model. Scion Asset Management's Portfolio - All 9 Public Equity Investments. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. 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. The fund has around $291.7 million in assets under management (AUM), $41.3 million of which is allocated to the firms public equity portfolio. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. 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 . Currently tracking portfolios of 77 superinvestors. On February 14, Michael Burry filed his company's holdings report with the SEC. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. 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. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and . The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Scion's new purchases consist of . Questions to ask Link to 13F filings: SEC filings. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. What does this mean? The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. 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. Scion Asset Management Review. 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. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. 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. 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. 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. 18951. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. What does this mean and why is it important? During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Will anyone that was involved be involved with my accounts in any capacity? Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. T. Black Knight offers blended software, data, and analytics solutions all over the globe. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. This page was last edited on 1 February 2023, at 20:47 (UTC). The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. The firm's asset exposure includes equities, derivatives, and fixed income instruments. Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. are based in the United States. What does this mean? Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). The author may be long one or more stocks mentioned in this report. [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. 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. This website is provided as is without any representations or warranties, express or implied. Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information In addition, the fund holds 5,000,000 shares of . Saratoga, CA 95070. And we could be headed for another recession. [9] While off duty at night, he worked on his hobby: financial investing. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. For more information, please see the SECs Web Site Privacy and Security Policy. Scion Asset Management 13F annual report. Michael Burry is head of Scion Asset Management. This arrangement creates a conflict where the firm and its representatives may be incentivized to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. 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.
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