What does this mean? Upgrade to unlock premium data and export to Excel . The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. That said, the company has navigated these challenges quite competently, which, combined with its deep-value characteristics, explained why Dr. Burry has bet heavily on The GEO Group. , Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. Scion employs over 1,750 team members and has over $9 billion of assets under . By the end of 2004, he was managing $600 million and turning money away. [9], Despite not practicing, Burry has kept his license as a physician active with the Medical Board of California, including continuing education requirements.[10][11]. This value is significant in that it is the last known price at which the security was still held. When he was younger, he noticed that it took him a lot of energy to look people in the eye, and said, "If I am looking at you, that's the one time I know I won't be listening to you". Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). $48.3 Million Total portoflio value. Reference ID: 0.35841402.1677949840.1dcfc4e. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. The GEO Group is a specialty REIT that owns, operates, and manages correctional, detention, and reentry facilities in the US, UK, South Africa, and Australia. Others say the plan is too costly and burdensome on taxpayers. *SEC data last verified February 17, 2023. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Please send any feedback, corrections, or questions to support@suredividend.com. Michael Burry is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. Questions to ask '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. 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. 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. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Michael Burry is an American investor, and hedge fund manager. SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com These filings are called "notice filings". , 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. $41.4 million and $41.2 million respectively. Based in Saratoga, Calif., Scion has just six employees, two of whom . Does your firm, or anyone associated with the firm, practice as a law firm? The Scion Asset Management chief's grim prediction may be coming true, as the S&P 500 and Nasdaq indexes tumbled by 19% and 33% respectively in 2022. What does this mean? Scion Asset Management. The firm may also use leverage and derivative strategies to increase the rate of client success. Michael Burry's Scion hedge fund disclosed holdings for first time in 2 approximately 0.1% of the total holdings value. 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 . Burry, whose successful bet against subprime mortgages were famously chronicled in the 2015 film The Big Short, delivered the dire forecast as the Supreme Court hears arguments this week on whether President Biden has the authority to cancel student debt. "[20], Glimpses were offered into Scion's portfolio with 13Fs filed from the 4th quarter of 2015 through the 3rd quarter of 2016, as required by the SEC when fund holdings top $100 million. Researcher and operations manager at DM Martins Research. Follow Tweet. The Scion Asset Management manager revealed the purchase of seven new 2015-2023 Fintel Ventures LLC. [30], Burry is married, with children, and was living in Saratoga, California in 2010. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. 2023 NYP Holdings, Inc. All Rights Reserved, King of debt Joe Biden absurdly labels himself a deficit hawk, Teacher Randi Weingartens ignorant, anti-democratic rant, Bidens Ohio failure: Letters to the Editor March 2, 2023, Randi Weingarten has maniacal meltdown at student debt relief rally. Our Methodology. What conflicts do I need to be made aware of? 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. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. What does this mean? Michael Burry has been on a buying spree lately. Note: 13F filing performance is different than fund performance. Bloomberg via Getty Images. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. The latest quarterly filing from Scion Asset ManagementMichael Burry's firmshows no bearish bets against the electric-vehicle giant Tesla The loss of a notable bear appears to be giving . 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. So is Burry less bearish on the U.S. economy than he was last year? He has 25 years of experience as a finance and accounting executive, having served major private and public real estate firms as chief accounting officer, chief financial officer and senior vice president of strategic initiatives. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. 1,517,790 additional shares. 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. Whoopi Goldberg admits 'politics got in the way' of COVID- REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, US home prices just did something they haven't done since 2012, JPMorgan Chase requires some workers give 6 months notice before quitting, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Rebel Wilson says Meghan Markle isnt as naturally warm as Prince Harry, Kristen Doute supports Ariana Madix amid mutual ex Tom Sandovals scandal, Celeb-loved jewelry brand Dorsey drops dazzling new styles, March 4, 1984: Martina Navratilova defeats Chris Evert at MSG, Tom Sandoval breaks silence on Ariana Madix split amid cheating claims, Canadian teacher with size-Z prosthetic breasts placed on paid leave. Growth has also been smooth for the company due to the recurring nature of its business model. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. DATAROMA Invest Alongside Superinvestors 0001567619-21-015632. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Scion Asset Management, LLC's new positions include Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. He looks for investments in undervalued companies with strong long-term prospects. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Scion Asset Management, LLC Bu - GuruFocus.com Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Scion Asset Management 13F annual report (2023) | wallmine SCION ASSET MANAGEMENT, LLC. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. 223.17% 10-Year Performance. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. 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. Scion Asset Management is headquartered in Saratoga, California. | 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. Investors profit from puts when the . [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. More than 90% of the beds are located in the US. Scion Asset Managements portfolio is diversified across 5 sectors. Written by investor.com. There are currently 6 companies in Mr. Burry's portfolio. Michael Burry warns of student loans forgiveness consequences Common Stock (US:US19247G1076) Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. What does this mean and why is it important? Currently, Scion Asset Management's portfolio is worth at least $41.3 million. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . The GEO Group Inc (US:GEO) Apply for Trusted badge. Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. 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. It is now the funds third-largest holding, accounting for 12.8% of its holdings. Published on February 27th, 2023 by Nikolaos Sismanis. For more information, please see the SECs Web Site Privacy and Security Policy. Questions to ask 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's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Alibaba is down 71% from its October 2020 peak. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. He had already built a reputation as an investor at the time by exhibiting success in value investing. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. What does this mean and why is it important? This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. . 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. Greenhaven Associates Updated 10 Jan 2023. Geo dropped approximately 0.1% in the past year. Michael Burry | Scion Asset Management Profile - TipRanks.com Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . If you require advice in relation to any financial matter you should consult an appropriate professional. 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. What does this mean? Hedge Fund and Insider Trading News: Michael Burry, Bridgewater