Geo dropped approximately 0.1% in the past year. Profitability has also been weak. Data is sourced from 13D/13G, 13F, and N-Q filings. What does this mean? 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. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Firm or an affiliate actively engages in business as a law firm or lawyer. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Top 50 Scion Asset Management Holdings . Scion Asset Management currently serves clients in the following states: CA, TN. He has Rusyn ancestry. This means they effectively own 0.6% of the company. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? 66.7% of the portfolio companies Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. The firm prefers to employ long/short, market neutral, and activist strategies. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. 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. Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel The investment fund's only holding now is The . Questions to ask He only looks for their undervalued elements, regardless of their sector and class. I was damned sure I was going to pay it off. Scion Announces Addition of 20,000 Beds to its Portfolio of Student T. Black Knight offers blended software, data, and analytics solutions all over the globe. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. Dr. Burry He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle financing, asset management, . Click the link icon to see the full transaction history. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Most recent portfolio value is calculated to be $ 46,536,925 USD. 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. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed Questions to ask <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and . Questions to ask 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. | 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. [9] While off duty at night, he worked on his hobby: financial investing. Michael Burry Stock Portfolio 2023 - Scion Asset Management Holdings 13F That would put the U.S. in a recession under "any definition.". U.S Market Open - Market Closes in 49M 55S. Since Jun 2013. See the Top Performing Hedge-Funds > Michael Burry . CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. 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. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. For more information, please see the SECs Web Site Privacy and Security Policy. Questions to ask Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). "[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. The GEO Group Inc (US:GEO) [] document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. The majority of the companies in the funds portfolio are large-cap stocks. Common Stock (US:US19247G1076) Ultimately, Burrys analysis proved right. Why has Burry, who is bearish on the . 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. Does your firm offer mutual funds that have 12b-1 fees? , Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. 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. Scion Asset Management, LLC Portfolio Never miss a trade. "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. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Michael Burry Portfolio and News | GuruFocus Hedge Fund Manager. Portfolio Gain +257.56%. This means they effectively own 0.6% of the company. Firm performs side-by-side management with accounts that have differing fee structures. Scion Asset Management LLC Top Holdings 13F Filings With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. As of 7th November 2022, Scion Asset Managements top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. Firm recommends securities or other investment products to advisory clients in which the firm or a related person has some other proprietary (ownership) interest that isnt related to trading or holding the security or securities themselves personally. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Will anyone that was involved be involved with my accounts in any capacity? He also believes that he expects growth in the consumer price index (CPI) to come down and be possibly negative in the second half of 2023. Heejin Kim and Myungshin Cho (29 August 2019). Home - sciens water 12.25% 3-Year Performance. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. There are currently 6 companies in Mr. Burry's portfolio. [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]. Scion Asset Management Review | SmartAsset.com Scion Asset Management. : DE | Fiscal Year End: 1231. Note: 13F filing performance is different than fund performance. The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha , Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Scion Asset Management also says it works to provide clients with a diverse mix of portfolio opportunities it believes will increase their chances of investment success. The Scion Asset Management manager revealed the purchase of seven new They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. 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. What percentage of income does your firm receive from fees versus commissions? Eventually Burry closed his fund and retired. What happened? How do we make money? 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. 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. Follow Michael Burry and Buy GEO Stock | InvestorPlace 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. Our system has identified the following conflict alerts. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. [21] In August 2019, Bloomberg News quoted an email from Burry where he said there was a bubble in large US company stocks due to the popularity of passive investing, which "has orphaned smaller value-type securities globally". The firm's website is not secure by modern internet standards. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. These partnerships do not influence editorial content. This value is significant in that it is the last known price at which the security was still held. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. 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. In fact, Dr. Burry had showcased such great stock-picking skills that he drew the interest of companies such as Vanguard, White Mountains Insurance Group, and renowned investors such as Joel Greenblatt. As a result, the company will soon be able to self-fund its growth and overall operations. 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've received your submission. DATAROMA Invest Alongside Superinvestors 1-Year Performance. Questions to ask A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. , Saratoga, CA 95070. Scion Asset Management, the firm of "The Big Short" investor Michael Burry, disclosed this week that during the fourth quarter of 2019, it closed its holding in Bed Bath & Beyond Inc. (NASDAQ:BBBY . After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. Questions to ask 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. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Scion's new purchases consist of . 20665 4th Street, Suite 201. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Written by investor.com. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Scion Asset Management 13F annual report. 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. 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. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Yes or 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. All rights reserved. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. Scion Asset Management Holdings Heatmap . SCION ASSET MANAGEMENT, LLC. Quickly find out what the most recently closed or increased positions are. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Dear Members of the Board, Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,000,000 shares, or about 2.21%, of GameStop, Inc. ("GameStop") common stock. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. Which securities does your firm trade for itself that it will also be recommending to me? $41.4 million and $41.2 million respectively. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. 'Big Short' Michael Burry Invested Twice in Bed Bath & Beyond Stock Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. Our Methodology. Michael Burry | Scion Asset Management Profile - TipRanks.com At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. This page was last edited on 1 February 2023, at 20:47 (UTC). 2021-08-16. : 000000000 | State of Incorp. Scion Asset Management, LLC operates as an investment firm. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Burry was born and grew up in San Jose, California. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Please see our General Disclaimers for more information. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. 10/2021 4/18/2022 5:06:55 PM SCION ASSET MANAGEMENT, LLC SCION ASSET MANAGEMENT, LLC (2) If you are using this Form ADV to register more than one investment adviser under an umbrella registration , check this box . Scion Asset Management General Information. We use the change in the portfolio allocation because this is the most meaningful metric. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. [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. Scion Asset Management's public equity portfolio is heavily concentrated. David Einhorn's: Greenlight Capital. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". Scion Asset Management, LLC Holdings. Performance. Lets not forget that the student debt problem is built on a foundation of terrible major choices.Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Bill Ackman's: Pershing Square Capital Management. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. No. Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet Scion was up 55%. In total, Scion Asset Management manages $291.7 million in assets. [30], Burry is married, with children, and was living in Saratoga, California in 2010. Scion Asset Management LLC - Company Profile and News The holding were 650,000 shares as of 2021-03-31. All rights reserved. Scion Asset Management Fund Performance History & Annualized Return Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. * Reported Price is the price of the security as of the portfolio date. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . 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. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. I cover the recent 13F filings and the logic behind Michael Burry's po. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla The stock is now traded at around $14.430000. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. 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 . Maintenance Technician Job in Minneota, MN at The Scion Group Michael Burry's Scion hedge fund disclosed holdings for first time in 2 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.