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Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Yes or [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt, Burry tweeted Wednesday. 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. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Financial plans and investment portfolios are always unique to the client's personal financial situation. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. SEC Form 13F Filing History. Top 50 Scion Asset Management Holdings . Address: 20665 4th Street Suite 201. Is your firm a broker-dealer or are you affiliated with one? Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. [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. What does this mean and why is it important? 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 . Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. As a result, the company will soon be able to self-fund its growth and overall operations. Will any of my assets be invested in those products? . When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. Data is sourced from 13D/13G, 13F, and N-Q filings. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. He has said, "Fresh, clean water cannot be taken for granted. 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). Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Is your firm affiliated with a law firm in any capacity? 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 . Changes can be due to trades or changes in share prices. 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. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Written by investor.com. How many times did it occur? 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. 340.42% 1Y 3Y 5Y 10Y. financing, asset management, . What does this mean? 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. In his words: All my stock picking is 100% based on the concept of a margin of safety.. As a Certified B Corporation, our focus is simple: people before profits. 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. I was damned sure I was going to pay it off. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). And we could be headed for another recession. Note: We do not offer technical support for developing or debugging scripted downloading processes. The average market cap of the portfolio companies is close to $2.02 billion. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. 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. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. February 17, 2023. All rights reserved. Bruce Berkowitz's: Fairholme Capital Management. Top 50 Scion Asset Management Holdings . ", "Why Is Michael Burry Investing In Water? Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. He had already built a reputation as an investor at the time by exhibiting success in value investing. Currently, their heaviest sector is Real Estate making up 53.2% of What does this mean? [30], Burry is married, with children, and was living in Saratoga, California in 2010. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. What does this mean? ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. 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's Portfolio - All 9 Public Equity Investments. : DE | Fiscal Year End: 1231. Should I Hire a Financial Advisor or DIY It? Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. As InvestorPlace's Eddie Pan reported on Aug. 15, Burry's firm Scion Asset Management has sold all of its U.S.-listed positions except for one GEO. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. By the end of 2004, he was managing $600 million and turning money away. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. 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. What does this mean? Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. What conflicts arise from this relationship? 347 Followers. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. The hedge fund exited positions including Alphabet Inc. and Facebook . Saratoga, CA 95070. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. 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. 1,517,790 additional shares. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. 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. It's not hard.". The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . 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. Does your firm, or anyone associated with the firm, practice as a law firm? 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 13F annual report. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. However, Burry is also known to take an approach that often contradicts what the broad market dictates. Click the link icon to see the full transaction history. In total, Scion Asset Management manages $291.7 million in assets. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Burry's trade that made him a legend was when he used derivatives to bet on a real estate market crash in 2008 which made him . Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Scion Asset Management currently serves clients in the following states: CA, TN. Stocks with a size of more than $10 billion in market cap make up (Disclaimers: this is not investment advice. How does your firm approach insurance sales? Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one.

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