Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. SkyWest, Inc. (US:SKYW) For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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. For more information, contact opendata@sec.gov. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Updated 05 Jan 2023. Most recent portfolio value is calculated to be $ 46,536,925 USD. 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. We have concerns regarding capital management at . The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. 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. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. 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. 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. . Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Description. , Heejin Kim and Myungshin Cho (29 August 2019). It's worth noting that more than a third of Scion Asset Management's portfolio is now made up of companies in the industrial sector. The holding were 650,000 shares as of 2021-03-31. , Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Scion's current portfolio consists of nearly 82,000 beds of student accommodations in 126 communities, serving 76 college and university markets across 33 U.S. states. What does this mean and why is it important? Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. [4] As a teenager, he attended Santa Teresa High School. Please see our General Disclaimers for more information. 1-Year Performance. And we could be headed for another recession. Does your fim accept soft-dollar benefits? $48.3 Million Total portoflio value. The impact to a portfolio due to this purchase was 0.65%. Note: 13F filing performance is different than fund performance. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. 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. , tips_and_updates Financial Advisor Education. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Click the link icon to see the full transaction history. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. *SEC data last verified February 17, 2023. Scion Asset Management's public equity portfolio is heavily concentrated. The investing legend was one of the first people to recognize the massive risk in the pre-2007 sub-prime real estate market the then unknown money manager bet over $1 billion that sub-prime would implode. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. Bloomberg via Getty Images. As a Certified B Corporation, our focus is simple: people before profits. 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. Scion employs over 1,750 team members and has over $9 billion of assets under . . Scion Asset Managements portfolio is diversified across 5 sectors. Which securities does your firm trade for itself that it will also be recommending to me? 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. Firm or a related person trades securities for themselves that they also recommend to their clients. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. A good way to understand Burry's thinking and Scion Asset Management's . 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. What does this mean? Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. For the most up-to-date information, please view the applicable SEC and FINRA reports above. What does this mean? This relationship may introduce bias where a firm or related person recommends certain securities with which they are affiliated, rather than others that may have higher returns. : 000000000 | State of Incorp. February 17, 2023. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. The stock is now traded at around $14.430000. Performance. In January, Burry made predictions for an economic downturn in 2023. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. The advisory also believes in using fundamental analysis methods to assess . 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%. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Following the massive triumph he experienced by successfully predicting the subprime mortgage crisis of 2007-2008, Dr. Michael Burry has grown into a living legend in the world of finance. Follow Tweet. Burry's Scion Asset Management said in a regulatory filing in mid-May it had put options on 800,100 Tesla shares as of the end of the first quarter. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. It charges an asset-based management fee that can be as high as 2% per year, while it may also take up to 20% of the value of the appreciation from each clients account. Top 50 Scion Asset Management Holdings . The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. | Investormint", "EDGAR Filing Documents for 0001567619-19-004198", The Big Shorts Michael Burry Sees a Bubble in Passive Investing, "Michael Burry Portfolio / Scion Asset Management, LLC Holdings", "Michael Burry tweet, Dec. 1, 2020 (Internet Archive)", "Michael Burry of 'The Big Short' reveals a $530 million bet against Tesla", "Michael Burry of 'Big Short' Bets Against Cathie Wood's ARKK", "Author Michael Lewis on Wall Street's Delusion", "Legendary Investor Leaves Twitter, Lists 8 Metal Bands in Bio", "Where 'The Big Short's Michael Burry Is Today", "Michael Burry: Subprime Short-Seller No. Link to 13F filings: SEC filings. 340.15% 5-Year Performance. What does this mean and why is this important? What does this mean? To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. No. 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. Currently, their heaviest sector is Real Estate making up 53.2% of It's not hard.". The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Apply for Trusted badge. Saratoga, CA 95070. [17] He subsequently liquidated his company to focus on his personal investments. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. There are currently 6 companies in Mr. Burry's portfolio. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. The portfolio's exposure to China is also thought-provoking. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Note: We do not offer technical support for developing or debugging scripted downloading processes. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Here's what investors need to know about Michael Burry's long positions. 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. 1,517,790 additional shares. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . The investment fund's only holding now is The . Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. 0001567619-21-010281.txt. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. He has said, "Fresh, clean water cannot be taken for granted.
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