On February 14, Michael Burry filed his company's holdings report with the SEC. Grapevine, TX 76051. Louis Bacon's: Moore Capital Management. That said, the company has navigated these challenges quite competently, which, combined with its deep-value characteristics, explained why Dr. Burry has bet heavily on The GEO Group. Designer and entrepreneur Melody Ehsani takes us on a journey from her early days working retail, to designing her first shoes and jewelry lines, to collaborating with Red Hot Chili Peppers and Jordan brand before taking on a bespoke role at Foot Locker. Portfolio 9 Options 0 Performance. Profitability has also been weak. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". 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. What does this mean and why is it important? Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. Scion has $638,901,404 assets under management (AUM). Currently, Scion Asset Management's portfolio is worth at least $41.3 million. : DE | Fiscal Year End: 1231. Scion asset management - What are they investing in Right Now? What does this mean? , 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. 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. SCION ASSET MANAGEMENT, LLC. 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Follow Michael Burry and Buy GEO Stock | InvestorPlace Currently, their heaviest sector is Real Estate making up 53.2% of Bruce Berkowitz's: Fairholme Capital Management. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. $41.4 million and $41.2 million respectively. Home - sciens water The Scion Asset Management chief's grim prediction may be coming true, as the S&P 500 and Nasdaq indexes tumbled by 19% and 33% respectively in 2022. Leadership - The Scion Group $48.3 Million Total portoflio value. Scion Asset Management Investor Profile: Portfolio & Exits | PitchBook Firm performs side-by-side management with accounts that have differing fee structures. Scion Asset Management, LLC operates as an investment firm. "[12], After shutting down his website in November 2000, Burry started the hedge fund Scion Capital, funded by an inheritance and loans from his family. The majority of the companies in the funds portfolio are large-cap stocks. Here's how we make money. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA 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. Based in Saratoga, Calif., Scion has just six employees, two of whom . Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Green rows indicate new positions. The advisory also believes in using fundamental analysis methods to assess . In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. Questions to ask SCION ASSET MANAGEMENT, LLC | LinkedIn 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). The portfolio is made up of a total of 102 facilities, including 82,000 beds. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. 2023 Reink Media Group LLC. Fintel is a registered trademark. Checks take place monthly. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. What does this mean? What does this mean? 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. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. Heejin Kim and Myungshin Cho (29 August 2019). Here you can find the latest trades based on Burry's 13F filings and insider trades. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. We know that he's recently bought big on Geo Group (), despite its less-than-stellar performance of late.However, his other picks might surprise you. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Relative to the previous quarter there was a little reshuffling of his holdings. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. What does this mean? Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. 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. Here's what investors need to know about Michael Burry's long positions. Ultimately, Burrys analysis proved right. He has warned a severe recession on several occasions over the last year. Note: 13F filing performance is different than fund performance. Questions to ask . What does this mean and why is it important? Steven Cohen's: Point72 Asset Management. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. 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. Researcher and operations manager at DM Martins Research. 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. As a Certified B Corporation, our focus is simple: people before profits. 'Big Short' fund manager Burry dumps portfolio, buys prison stock [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Burry's Scion Asset Management said in a regulatory filing in mid-May it had put options on 800,100 Tesla shares as of the end of the first quarter. 66.7% of the portfolio companies Average metrics of all companies in portfolio . 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. Cassandra B.C. (@michaeljburry) / Twitter 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 is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. How does your firm approach insurance sales? Red rows indicate closed positions. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. How many times did it occur? If you require advice in relation to any financial matter you should consult an appropriate professional. in 2008. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. 12.25% 3-Year Performance. The fund only has four clients. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. The current portfolio value is calculated to be $47.00 Mil. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. Nothing on this website constitutes, or is meant to constitute, advice of any kind. 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. While partners may pay to provide offers or be featured, e.g. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Questions to ask Firm or a related person trades securities for themselves that they also recommend to their clients. Investor.com is your trustworthy guide to the world of personal finance. Others say the plan is too costly and burdensome on taxpayers. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. 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. Burry, whose successful bet against subprime mortgages were famously chronicled in the 2015 film The Big Short, delivered the dire forecast as the Supreme Court hears arguments this week on whether President Biden has the authority to cancel student debt. approximately 0.1% of the total holdings value. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. What does this mean and why is it important? , Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Scion Asset Management LLC - Company Profile and News Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. Please provide me a list of the products and a summary of how much your firm earns from them. He has 25 years of experience as a finance and accounting executive, having served major private and public real estate firms as chief accounting officer, chief financial officer and senior vice president of strategic initiatives. Here's what investors need to know about Michael Burry's long positions. Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) 347 Followers. Charlie Munger - Daily Journal Corp. What does this mean? 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. Regulatory disclosures state that firm sells proprietary investments and products. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. 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. 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 consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges.