Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. 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. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Strategies arent specified: There isnt a lot of specificity provided . At 06/30/2022: $3,309. 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. Heejin Kim and Myungshin Cho (29 August 2019). This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. What does this mean? He had already built a reputation as an investor at the time by exhibiting success in value investing. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. This arrangement creates a conflict where the firm and its representatives may be incentivized to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). [13], In 2005, Burry started to focus on the subprime market. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . $48.3 Million Total portoflio value. Investor.com is your trustworthy guide to the world of personal finance. 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. ", "Why Is Michael Burry Investing In Water? Does your fim accept soft-dollar benefits? Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. The Board of Directors. $41.4 million and $41.2 million respectively. [30], Burry is married, with children, and was living in Saratoga, California in 2010. The firm prefers to employ long/short, market neutral, and activist strategies. 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. . With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. What does this mean and why is it important? How many times did it occur? 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. This website is provided as is without any representations or warranties, express or implied. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. Here you can find the latest trades based on Burry's 13F filings and insider trades. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. What does this mean and why is this important? 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. As of 7th November 2022, Scion Asset Management's top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. Any data inaccuracies, please contact our team. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. These companies are located in Dover DE, Madison WI, and Saratoga CA. 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. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Scion Asset Management Holdings Heatmap . Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. This means they effectively own 0.6% of the company. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. 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Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. 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. Questions to ask Grapevine, TX 76051. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. 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. Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time. 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". Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. The GEO Group Inc (US:GEO) Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. Questions to ask I was damned sure I was going to pay it off. 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. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. , As a result, the company will soon be able to self-fund its growth and overall operations. Scion was up 55%. We have concerns regarding capital management at . If you require advice in relation to any financial matter you should consult an appropriate professional. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. In his words: All my stock picking is 100% based on the concept of a margin of safety.. 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. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. 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. 347 Followers. It's not hard.". To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. The companys operating segments include Active Group, Work Group, and Lifestyle Group, which individually focus anywhere from casual footwear and apparel to industrial work boots and apparel. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. 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The fund's top five holdings, which we analyze below, account for 72.2% of its total public . The portfolio is made up of a total of 102 facilities, including 82,000 beds. These partnerships do not influence editorial content. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. He also urged investors to liquidate their stocks. The fund focuses on investments in the United States as 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. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. He has warned a severe recession on several occasions over the last year. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-12-31. Scion Asset Management 13F annual report. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. Scion has $638,901,404 assets under management (AUM). The fund has around $291.7 million in assets under management (AUM), $41.3 million of which is allocated to the firms public equity portfolio. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. Burry predicted Tesla stock would collapse like the housing bubble,[27] saying that "my last Big Short got bigger and Bigger and BIGGER" and taunted Tesla bulls to 'enjoy it while it lasts. Also, the article may contain affiliate links. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. Based on his analysis of mortgage lending practices utilized in 2003 and 2004, he accurately forecasted that the real estate bubble would come tumbling by 2007. He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt. SCION ASSET MANAGEMENT, LLC. Black Knight Inc (US:BKI) Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. For more information, please see the SECs Web Site Privacy and Security Policy. He has Rusyn ancestry. What does this mean? Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! [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. Our team combines decades of experience in all aspects of campus housing: residential life administration, real estate finance, program and asset management, plus practical knowledge from the ownership . He only looks for their undervalued elements, regardless of their sector and class. 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. Scion Asset Management Review. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. What does this mean? The investment fund also strengthened its position in Geo by buying Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. 0001567619-21-015632. What does this mean and why is it important? Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. 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. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Investors profit from puts when the . Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. Questions to ask Operating as an online business, this site may be compensated through third party advertisers. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. By the end of 2004, he was managing $600 million and turning money away. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. What does this mean and why is this important? 408-441-8400 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. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. In early January, he posted to his Twitter account that inflation had "peaked," but that this would not be the last peak of the cycle. 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. Questions to ask While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. MGM Resorts International (US:MGM) What does this mean? 18951. Is your firm a broker-dealer or are you affiliated with one? Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Click the link icon to see the full transaction history. Average metrics of all companies in portfolio . 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. financing, asset management, . in 2008. Questions to ask The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. As a result, we do not support personal reviews on the site. Questions to ask (Disclaimers: this is not investment advice. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History He has said, "Fresh, clean water cannot be taken for granted. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Bruce Berkowitz's: Fairholme Capital Management. The company has been growing rapidly over the past few years while retaining compelling profitability levels. What does this mean? This could also limit the number and diversity of investment options available and may impact their transferability. 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. To illustrate how successful Dr. Burrys picks were from the origins of Scion Asset Management to the Great Financial Crisis, the hedge fund recorded returns of 489.34% (net of fees and expenses) between its inception in November 2000 to June 2008. February 17, 2023. For more information, contact opendata@sec.gov. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. That would put the U.S. in a recession under "any definition.". 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 . Should I Hire a Financial Advisor or DIY It? Note: We do not offer technical support for developing or debugging scripted downloading processes. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. We use the change in the portfolio allocation because this is the most meaningful metric. Others say the plan is too costly and burdensome on taxpayers. While many fund managers and successful investors such as Cathie Wood are talking about their ideas several times a week in the news, Burry is more quiet. 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. , Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. GameStop Corp. 625 Westport Parkway. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. and The advisory also believes in using fundamental analysis methods to assess . Why has Burry, who is bearish on the . Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting.