Here's how we make money. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Our partners compensate us through paid advertising. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. 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. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. In total, Scion Asset Management manages $291.7 million in assets. U.S Market Open - Market Closes in 49M 55S. 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. Geo dropped approximately 0.1% in the past year. Scion has $638,901,404 assets under management (AUM). [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]. What does this mean and why is this 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 . Scion Asset Management, LLC operates as an investment firm. A Self-Regulatory Organization 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. T. Black Knight offers blended software, data, and analytics solutions all over the globe. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. What does this mean? At 06/30/2022: $3,309. He quickly earned extraordinary profits for his investors. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Common Stock (US:US19247G1076) The GEO Group Inc (US:GEO) Michael Burry has been on a buying spree lately. Heejin Kim and Myungshin Cho (29 August 2019). financing, asset management, . Please declare your traffic by updating your user agent to include company specific information. Reference ID: 0.35841402.1677949840.1dcfc4e. , We have concerns regarding capital management at . Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. 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. 100.0% Questions to ask This form was filed on 2023-02-14 for the reporting period 2022-12-31. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). 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. Ray Dalio's: Bridgewater Associates. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. The investment fund's only holding now is The . Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. 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. 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. Is your firm affiliated with a law firm in any capacity? [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Questions to ask Bill Ackman's: Pershing Square Capital Management. What happened? The stock is now traded at around $14.430000. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Burry predicted, "Fed will cut and government will stimulate. The Company serves clients in the United States. Updated 05 Jan 2023. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. The fund focuses on investments in the United States as What does this mean? Does the firm offer products that have performance-based fees, or does it accept performance-based fees? How do we make money? That would put the U.S. in a recession under "any definition.". See how we calculate 13F filing performance here, Scion Asset Management / Michael Burry holdings now, Scion Asset Managements Fund Manager, Michael Burry, Scion Asset Managements Investment Philosophy & Strategy, Scion Asset Managements Noteworthy Portfolio Changes, Scion Asset Managements Portfolio All 9 Public Equity Investments, 20 Highest Yielding Monthly Dividend Stocks, Liberty Latin America Ltd Class C (LILAK). As a result, the company will soon be able to self-fund its growth and overall operations. They manage This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Does your firm perform side-by-side management? Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Alibaba Group Holding Limited ADR (US:BABA) Here you can find the latest trades based on Burry's 13F filings and insider trades. Portfolio Gain +257.56%. These companies are located in Dover DE, Madison WI, and Saratoga CA. 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. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. What does this mean? 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. Michael Burry of Scion Asset Management. So is Burry less bearish on the U.S. economy than he was last year? Does your fim accept soft-dollar benefits? Ranked #44 out of 483 Hedge Fund Managers. Our Methodology. 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. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Some firms receive these fees as payments, which creates an incentive to promote them. 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. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Firm performs side-by-side management with accounts that have differing fee structures. February 17, 2023. The investing legend was one of the first people to recognize the massive risk in the pre-2007 sub-prime real estate market the then unknown money manager bet over $1 billion that sub-prime would implode. Unlike HTTPS connections, HTTP connections are not encrypted. This relationship may introduce bias where a firm or related person recommends certain securities with which they are affiliated, rather than others that may have higher returns. Scion Asset Management Holdings Heatmap . No. SCION ASSET MANAGEMENT, LLC. Form 13F is required to be filed within 45 days of the end of a calendar quarter. He had already built a reputation as an investor at the time by exhibiting success in value investing. Dr. Burry And we could be headed for another recession. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Does your firm offer mutual funds that have 12b-1 fees? Red rows indicate closed positions. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. What does this mean? documented the history and events leading up to his contrarian but hugely successful bet against the real estate market Firm or an affiliate actively engages in business as a law firm or lawyer. Is your firm a broker-dealer or are you affiliated with one? What does this mean and why is it important? Written by investor.com. . Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. In his words: All my stock picking is 100% based on the concept of a margin of safety.. His analysis resulted in him shorting the market by convincing Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as weak. 12.25% 3-Year Performance. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. What does this mean? SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. He only looks for their undervalued elements, regardless of their sector and class. By Steve Burns. Fintel is a registered trademark. In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. 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. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management.