He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Ultimately, Burrys analysis proved right. 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. This form was filed on 2023-02-14 for the reporting period 2022-12-31. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in , . GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Bloomberg via Getty Images. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Greenhaven Associates Updated 10 Jan 2023. Updated 05 Jan 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. 12.25% 3-Year Performance. 1001 and 1030). Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Michael Burry is Betting Everything on These 6 Stocks 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. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Scion has $638,901,404 assets under management (AUM). [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). 20665 4th Street, Suite 201. How do these benefits affect the firms selection of a broker-dealer partner? The concept of Value Investing can sum up Michael Burrys whole investment philosophy. And we could be headed for another recession. Some firms receive these fees as payments, which creates an incentive to promote them. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Others say the plan is too costly and burdensome on taxpayers. Why Didn't the Fed? Thanks for supporting the Wall Street Memes). The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Scion Asset Management, LLC SCION ASSET MANAGEMENT, LLC | LinkedIn Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Hedge Fund and Insider Trading News: Michael Burry, Bridgewater 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. Salesforce CEO Marc Benioff sounds the alarm on recession - with shades And it is notwater is political, and litigious. About Us - The Scion Group Note: 13F filing performance is different than fund performance. What does this mean and why is this important? Firm or a related person trades securities for themselves that they also recommend to their clients. On February 14, Michael Burry filed his company's holdings report with the SEC. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. What does this mean and why is this important? The firm's asset exposure includes equities, derivatives, and fixed income instruments. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . 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. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. And we will have another inflation spike. [21] In August 2019, Bloomberg News quoted an email from Burry where he said there was a bubble in large US company stocks due to the popularity of passive investing, which "has orphaned smaller value-type securities globally". Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. $48.3 Million Total portoflio value. What does this mean? The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Form 13F is required to be filed within 45 days of the end of a calendar quarter. 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. [17] He subsequently liquidated his company to focus on his personal investments. 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. SCION ASSET MANAGEMENT, LLC. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. Written by investor.com. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. The total portfolio value may be much higher due to cash Scion Asset Management LLC - Company Profile and News Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which DATAROMA Invest Alongside Superinvestors Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Alibaba Group Holding Limited ADR (US:BABA) As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Please see our General Disclaimers for more information. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Performance. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Bill Ackman's: Pershing Square Capital Management. Terms of Use | Disclaimers | Privacy Policy. He has Rusyn ancestry. 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. What percentage of income does your firm receive from fees versus commissions? Scion Asset Management Review. Scion Asset Management, LLC's new positions include The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. 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. tips_and_updates Financial Advisor Education. A regulatory agency other than the SEC or CFTC 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. As a Certified B Corporation, our focus is simple: people before profits. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. 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 more information, contact opendata@sec.gov. Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. . Chase Coleman's: Tiger Global Management. $48 Million Michael Burry Portfolio / Scion Asset Management, LLC Dr. Burry See how we calculate 13F filing performance here. I was damned sure I was going to pay it off.. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. While partners may pay to provide offers or be featured, e.g. On this Wikipedia the language links are at the top of the page across from the article title. , As of 7th November 2022, Scion Asset Management's top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. What does this mean? After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. These companies are located in Dover DE, Madison WI, and Saratoga CA. What does this mean? Michael Burry reveals new stock bets after previously dumping entire
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