Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. 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. Top 50 Scion Asset Management Holdings . 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 . This video discusses the update to Michael Burry's portfolio (Scion Asset Management). More than 90% of the beds are located in the US. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. The fund focuses on investments in the United States as Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. The companys vast portfolio of products includes optical and electro-optical components and materials, fiber lasers, infrared optical components, and high-precision optical assemblies, amongst others. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Thank you for your interest in the U.S. Securities and Exchange Commission. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Charlie Munger - Daily Journal Corp. 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". The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. 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. However, Burry is also known to take an approach that often contradicts what the broad market dictates. I cover the recent 13F filings and the logic behind Michael Burry's po. As a Certified B Corporation, our focus is simple: people before profits. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. Scion Asset Managements portfolio is diversified across 5 sectors. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. [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". These conflicts can negatively impact clients via hidden fees and overall higher costs. What does this mean? Scion Asset Management currently serves clients in the following states: CA, TN. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. [30], Burry is married, with children, and was living in Saratoga, California in 2010. tips_and_updates Financial Advisor Education. By using this site, you are agreeing to security monitoring and auditing. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. What percentage of income does your firm receive from fees versus commissions? Here's how we make money. If you require advice in relation to any financial matter you should consult an appropriate professional. Scion Asset Management, LLC Portfolio Never miss a trade. Questions to ask Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. 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. In total, Scion Asset Management manages $291.7 million in assets. are based in the United States. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. (Disclaimers: this is not investment advice. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. [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]. Questions to ask "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. 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 Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Bruce Berkowitz's: Fairholme Capital Management. Follow Tweet. Most recent portfolio value is calculated to be $ 46,536,925 USD. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. It is now the funds third-largest holding, accounting for 12.8% of its holdings. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Currently tracking portfolios of 77 superinvestors. WRITE REVIEW. This could also limit the number and diversity of investment options available and may impact their transferability. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. The stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. Since Jun 2013. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Ultimately, Burrys analysis proved right. Stocks and cryptocurrency portfolio tracker. Alibaba is down 71% from its October 2020 peak. The investment fund also strengthened its position in Geo by buying See how we calculate 13F filing performance here. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. Based in Saratoga, Calif., Scion has just six employees, two of whom . What conflicts arise from this relationship? He has Rusyn ancestry. SCION ASSET MANAGEMENT, LLC: CHIEF EXECUTIVE OFFICER: direct: 2013-03-01: CLARKE BENNITT MANAGEMENT, LP: PRINCIPLE OWNER: indirect: 2005-02-01: 2006-01-20: BURRY, ANH-THI: TRUSTEE THE BURRY 2003 REVOCABLE TRUST: 05/01/2003: Indirect Other: Fund Name Position direct/indirect start date end date; SCION ASSET MANAGEMENT, LLC: While this can be seen as "eating your own cooking," there are conflicts that may arise. These positions were updated on November 14th based on the funds latest 13F filing. 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. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. What does this mean and why is it important? To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Will His AI Plans Be Any Different? Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. Filing Date. The firm may also use leverage and derivative strategies to increase the rate of client success. The hedge fund exited positions including Alphabet Inc. and Facebook . The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. The Scion Asset Management office and employees reside in Saratoga, California. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which documented the history and events leading up to his contrarian but hugely successful bet against the real estate market in 2008. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. What does this mean and why is this important? 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. Grapevine, TX 76051. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Scion Asset Management General Information. What does this mean and why is it important? 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. Changes can be due to trades or changes in share prices. Profitability has also been weak.