Here you can find the latest trades based on Burry's 13F filings and insider trades. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Michael Burry . Visit Site, Is this your firm? What does this mean and why is this important? Grapevine, TX 76051. , whose value fell approximately 0.1% in the past six months. The Company serves clients in the United States. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. A quarter of the portfolio is made up of consumer discretionary companies. 100.0% Point72 Asset Management . Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. 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. For further detail, see our articles on different types of advisors and financial advisor services. The hedge fund exited positions including Alphabet Inc. and Facebook . 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. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. And we could be headed for another recession. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? , As a result, the company will soon be able to self-fund its growth and overall operations. Any data inaccuracies, please contact our team. Keep reading this article to learn more about Scion Asset Management. 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 . Hedge Fund Manager. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Portfolio manager(s) are listed as Michael Burry. In this episode, we hear how she became a sponge for product design, figured out how to make accessible yet high-end jewelry, and how she even relocated to China for the better part of a year to personally see to her brand's manufacturing. The Scion Group is the largest owner/operator of off-campus student housing communities globally. [13], In 2005, Burry started to focus on the subprime market. 18951. Scion Asset Management's Portfolio - All 9 Public Equity Investments. Nevertheless, it is Dr. Burrys legendary plays prior to the Great Financial Crisis, and the massive returns that followed that pushed his name into the international spotlight. We use the change in the portfolio allocation because this is the most meaningful metric. 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. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Fintel is a registered trademark. Investors following the companys 13F filings over the last 3 years (from mid-February 2020 through mid-February 2023) would have generated annualized total returns of 51.4%. However, Burry is also known to take an approach that often contradicts what the broad market dictates. These filings are called "notice filings". Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Does your firm offer mutual funds that have 12b-1 fees? 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. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Dr. Burry Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Does your firm perform side-by-side management? Please see our General Disclaimers for more information. Based in Saratoga, Calif., Scion has just six employees, two of whom . The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. The total portfolio value may be much higher due to cash When? 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. $48.3 Million Total portoflio value. . exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Scion Asset Management General Information. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. All Scion Asset Management, LLC holdings are listed in the following tables. There are currently 6 companies in Mr. Burrys portfolio. 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. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. "[12], After shutting down his website in November 2000, Burry started the hedge fund Scion Capital, funded by an inheritance and loans from his family. Currently tracking portfolios of 77 superinvestors. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. Burry even ended up selling 99% of his positions in 2022, including Alphabet (GOOGL) - Get Free Report, Warner Bros Discovery (WBD) - Get Free Report, and Meta (META) - Get Free Report, leaving only his position in GEO Group. : 000000000 | State of Incorp. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. U.S Market Open - Market Closes in 49M 55S. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Scion was up 55%. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. 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. . [30], Burry is married, with children, and was living in Saratoga, California in 2010. 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. 0001567619-21-010281.txt. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. 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. , SkyWest, Inc. (US:SKYW) The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. [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. In addition, the fund holds 5,000,000 shares of Qurate Retail Inc worth $10.1 million, whose value fell approximately 0.1% in the past six months. It's not hard.". [4] As a teenager, he attended Santa Teresa High School. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. What percentage of income does your firm receive from fees versus commissions? Black Knight Inc (US:BKI) Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Founded in 2018 as an unbiased resource empowering consumers to research and compare financial advisory firms, investor.com today gives consumers the tools to make smart money decisions about credit, retirement planning, and more. Thank you for your interest in the U.S. Securities and Exchange Commission. 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. And JD.com is in a similar situation, being 57% below its peak in February 2021. 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. 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. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History.