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. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. 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. Burry followed up his warning by detailing his own experience with student debt. Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. Apply for Trusted badge. And it is notwater is political, and litigious. The Board of Directors. Questions to ask Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. 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. Latest Holdings, Performance, AUM (from 13F, 13D). So is Burry less bearish on the U.S. economy than he was last year? 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. [30], Burry is married, with children, and was living in Saratoga, California in 2010. This is a low margin business in the first place, and so despite the company posting record revenues last year, it saw a decline in earnings. Scion Asset Management feels strongly about Neophotonics Corp and that is the reason they have added about 300000 shares of the firm to their fund. Upgrade to unlock premium data and export to Excel . compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). In his words: All my stock picking is 100% based on the concept of a margin of safety.. See the articles below for analysis on other major investment firms/asset managers/gurus: If you are interested in finding more high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful: The major domestic stock market indices are another solid resource for finding investment ideas. What does this mean? Investment adviser firms registered with the SEC may be required to provide to state securities authorities a copy of their Form ADV and any accompanying amendments filed with the SEC. Black Knight Inc (US:BKI) Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. The Company serves clients in the United States. Portfolio Gain +257.56%. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Hedge funds are required to report only their long positions, not their short positions. All requests for updated information should also be reported directly to the SEC and/or FINRA. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. How many times did it occur? In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. While partners may pay to provide offers or be featured, e.g. 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 . 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. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. Will anyone that was involved be involved with my accounts in any capacity? As of 7th November 2022, Scion Asset Managements top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Most recent portfolio value is calculated to be $ 46,536,925 USD. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Firm or related person receives soft-dollar benefits in connection with client securities transactions. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. 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. A good way to understand Burry's thinking and Scion Asset Management's . Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. In fact, Dr. Burry had showcased such great stock-picking skills that he drew the interest of companies such as Vanguard, White Mountains Insurance Group, and renowned investors such as Joel Greenblatt. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. 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. 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 GEO Group Inc (US:GEO) Questions to ask [23], Burry initiated short position(s) on Tesla before or around early December 2020, according to a now-deleted tweet[24][25] and likely added to his short positions[26][27] after the market cap of Tesla surpassed that of Facebook. 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. 2015-2023 Fintel Ventures LLC. What does this mean and why is it important? 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 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. 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). These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. By the end of 2004, he was managing $600 million and turning money away. What does this mean? To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. 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. This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. the total portfolio value. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. He has warned a severe recession on several occasions over the last year. This value is significant in that it is the last known price at which the security was still held. 1,517,790 additional shares. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Burry's Scion Asset Management bought 2,355 put contracts against the red-hot tech ETF during the second quarter and held them through the end of the period. The investment fund's only holding now is The . The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Scion Asset Management 13F annual report. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Questions to ask What does this mean and why is it important? Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Hedge Fund Manager. Fintel is a registered trademark. . I was damned sure I was going to pay it off.. JD.com, Inc. (US:JD) Michael J. Burry is known by most as the Big Short investor due to the eponymous movie revolving around himself and his story during the days of the Great Financial Crisis, a role played by Christian Bale. 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