Scion Asset Management, LLC's top holdings are Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. , whose value fell approximately 0.1% in the past six months. 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. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Eventually Burry closed his fund and retired. As a result, the company will soon be able to self-fund its growth and overall operations. [4] As a teenager, he attended Santa Teresa High School. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. Does your firm offer mutual funds that have 12b-1 fees? In his words: All my stock picking is 100% based on the concept of a margin of safety.. Questions to ask WRITE REVIEW. Firm performs side-by-side management with accounts that have differing fee structures. According to the latest 13F filing from famed investor Michael J. Burry's Scion Asset Management, the hedge fund has added seven new stocks to its portfolio. 2021-08-16. What does this mean? What does this mean? As a Certified B Corporation, our focus is simple: people before profits. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which GameStop Corp. 625 Westport Parkway. 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 . Stocks and cryptocurrency portfolio tracker. Does your firm perform side-by-side management? The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. What happened? 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. has disclosed 9 total holdings in their latest SEC filings. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. If you require advice in relation to any financial matter you should consult an appropriate professional. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. The Company serves clients in the United States. At 06/30/2022: $3,309. 1001 and 1030). Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. 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. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Read through our introductory course to financial advisors. Common Stock (US:US19247G1076) David Einhorn's: Greenlight Capital. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . Thank you for your interest in the U.S. Securities and Exchange Commission. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. 1,", "A Primer on Scion Capitals Subprime Mortgage Short", "Scion Asset Management - Quarterly Holdings Reports", https://en.wikipedia.org/w/index.php?title=Michael_Burry&oldid=1136913298, University of California, Los Angeles alumni, Vanderbilt University School of Medicine alumni, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 February 2023, at 20:47. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Questions to ask What does this mean? Top 50 Scion Asset Management Holdings . . 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. I cover the recent 13F filings and the logic behind Michael Burry's po. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. 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). Ranked #44 out of 483 Hedge Fund Managers. What does this mean? "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. Why has Burry, who is bearish on the . It's not hard.". Firm or a related person trades securities for themselves that they also recommend to their clients. : 000000000 | State of Incorp. Is your firm a broker-dealer or are you affiliated with one? Burry was born and grew up in San Jose, California. are based in the United States. Investment adviser firms registered with the SEC may be required to provide to state securities authorities a copy of their Form ADV and any accompanying amendments filed with the SEC. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Please see our General Disclaimers for more information. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. 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. 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. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Relative to the previous quarter there was a little reshuffling of his holdings. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. 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. What does this mean? Charlie Munger - Daily Journal Corp. What conflicts do I need to be made aware of? 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. Black Knight Inc (US:BKI) Portfolio manager(s) are listed as Michael Burry. All Scion Asset Management, LLC holdings are listed in the following tables. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). 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. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. . We use the change in the portfolio allocation because this is the most meaningful metric. All rights reserved. Chase Coleman's: Tiger Global Management. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? 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. Black Knight Inc (US:BKI) 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. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Firm's/Financial Professional's investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. Upgrade to unlock premium data and export to Excel . Our Methodology. Follow Tweet. U.S Market Open - Market Closes in 49M 55S. SCION ASSET MANAGEMENT, LLC: CHIEF EXECUTIVE OFFICER: direct: 2013-03-01: CLARKE BENNITT MANAGEMENT, LP: PRINCIPLE OWNER: indirect: 2005-02-01: 2006-01-20: BURRY, ANH-THI: TRUSTEE THE BURRY 2003 REVOCABLE TRUST: 05/01/2003: Indirect Other: Fund Name Position direct/indirect start date end date; SCION ASSET MANAGEMENT, LLC: He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. The fund focuses on investments in the United States as Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. And we could be headed for another recession. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Bill Ackman's: Pershing Square Capital Management. 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. 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What does this mean? Portfolio 9 Options 0 Performance. Michael Burry does see a recession coming, but that hasn't stopped himrather his hedge fund Scion Asset Managementfrom stocking up on some positions likely to be hit hard by a downturn. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Michael Burry recently added seven new stocks to his hedge fund, Scion Asset Management, including Chinese e-commerce companies Alibaba and JD.com and technology firm Black Knight. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period.

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