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You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. About Us - Scion Advisory Scion Asset Management LLC - Company Profile and News The Scion Asset Management manager revealed the purchase of seven new Our system has identified the following conflict alerts. Questions to ask Scion Asset Management - Michael Burry - Insider Monkey The advisory also believes in using fundamental analysis methods to assess . 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. As a Certified B Corporation, our focus is simple: people before profits. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Ranked #44 out of 483 Hedge Fund Managers. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. 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. What does this mean? What conflicts arise from this relationship? Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. [17], In an April 3, 2010 op-ed for The New York Times, Burry argued that anyone who studied the financial markets carefully in 2003, 2004 and 2005 could have recognized the growing risk in the subprime markets. Grapevine, TX 76051. 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. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Scion Asset Management LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. U.S Market Open - Market Closes in 49M 55S. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. The Scion Group is the largest owner/operator of off-campus student housing communities globally. Michael Burry - Wikipedia For more information, please see the SECs Web Site Privacy and Security Policy. 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. Hedge Fund Manager. In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. Questions to ask 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. Common Stock (US:US19247G1076) For example, front-running is when a financial professional buys or sell securities ahead of their client. 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. 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Follow Michael Burry and Buy GEO Stock | InvestorPlace Salesforce CEO Marc Benioff sounds the alarm on recession - with shades And it is notwater is political, and litigious. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in 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. I cover the recent 13F filings and the logic behind Michael Burry's po. SCION ASSET MANAGEMENT - The Economic Times Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Interestingly enough, when Dr. Burry had to pay for the credit default swaps, he experienced an investor revolt, as some investors in his fund feared his prophecy was inaccurate, requesting to withdraw their funds. What does this mean? Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. Will any of my assets be invested in those products? . This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. Michael Burry of Scion Asset Management. What does this mean? 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. Bill Ackman's: Pershing Square Capital Management. . So is Burry less bearish on the U.S. economy than he was last year? The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Current Michael Burry Portfolio 2021 Q1 Update - New Trader U Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Alibaba Group Holding Limited ADR (US:BABA) Questions to ask For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. In his words: All my stock picking is 100% based on the concept of a margin of safety.. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. What conflicts do I need to be made aware of? Scion Asset Management's Portfolio - All 9 Public Equity Investments. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Terms of Use | Disclaimers | Privacy Policy. Black Knight Inc (US:BKI) And we could be headed for another recession. So while Michael Burry's hedge fund has about $46.5 million in long positions reported in its 13F, it is likely that behind this may be another "big short." Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. These filings are called "notice filings". We've received your submission. and As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Scion asset management - What are they investing in Right Now? 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. Scion Asset Management currently serves clients in the following states: CA, TN. Bruce Berkowitz's: Fairholme Capital Management. Burry was born and grew up in San Jose, California. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. For more information, contact opendata@sec.gov. Alibaba is down 71% from its October 2020 peak. Green rows indicate new positions. Portfolio 9 Options 0 Performance. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. What does this mean? 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. Ray Dalio's: Bridgewater Associates. This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. Why does your firm believe in offering commission-based services to clients? Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. 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. 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. Michael Burry warns of student loans forgiveness consequences Questions to ask Here's what investors need to know about Michael Burry's long positions. What does this mean and why is it important? Any data inaccuracies, please contact our team. He then left to start his own hedge fund. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. The fund only has four clients. Leadership - The Scion Group As a result, the company will soon be able to self-fund its growth and overall operations. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. [23], Burry initiated short position(s) on Tesla before or around early December 2020, according to a now-deleted tweet[24][25] and likely added to his short positions[26][27] after the market cap of Tesla surpassed that of Facebook. The turnover rate is 70%. Red rows indicate closed positions. Portfolio manager(s) are listed as Michael Burry. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market I was damned sure I was going to pay it off.. Is your firm affiliated with a law firm in any capacity? Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis.