Burry is a serious devotee of Ben Grahams value investing style, and has said in the past that All my stock picking is 100% based on the concept of margin of safety. Apparently CorePoint fits that bill. An insurance holding company named White Mountain also contacted Burry. , and Michael Burry was portrayed by Christian Bale. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. My blog is in the very same area of interest as yours and my visitors would really benefit from a lot of the information you present here. You would put a certain portion of your portfolio in commodities using this approach. Are australian gold sovereigns a good investment? You might include commodities as one asset in a long-term portfolio that you intend to use for a future goal, such as income to help you fund your retirement. Geo Group, Inc. (US:GEO) Michael Lewis wrote a book about the subprime bubble in 2013 called. Just prior to the opening of the Fund, I was approached by two interested parties neither of whom I solicited who separately expressed an interest in owning a part of Scion Capital, LLC. How much is Scion asset management worth? I'm in the process of doing a write up on Michaels current economic outlook and I'm struggling to find data on the performance of his fund historically. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Not only could they not see the bubble, but they also could not imagine housing would ever bubble like this. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Scion Capital returned almost 480% net of fees, while the S&P 500 returned just 3% during the period . Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). All institutional investment managers active in the U.S. with over $100 million in investments in Form 13F securities must file quarterly statements detailing their positions. A place to propose and discuss stocks in which Michael Burry may invest. But I'm trying to find out what his long term perfomance looks like, not just the peaks. Hite Hedge was the top fund for Q4, profiting from MLP focus. Yes, in all periods since the 1950s 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. the positions were initiated, what the strike price is, or what Burry's exact exposure and profit/loss on the positions are. (Video) STOCKS Michael Burry IS BUYING NOW | Scion Asset Management 13F 1Q2020 | Stocks Investing, Dividends. Gaurav Kapadia is off to an impressive start. Scion had a rule that you had to keep the money in for a minimum of one year if you invested in the fund. Burry's Scion Asset Management owned 1.7 million shares in GameStop at the last count, which were worth $17 million at the end of September. With its four volcanic masses, the youngest of which is 10,000 years old, this part of the Auvergne-Rhne-Alpes is unique. I am not receiving compensation for it (other than from Seeking Alpha). Are autocallable notes a good investment? Michael Burry: Current Holdings and a Change of Style - Yahoo Finance That idea is not new, so why was it so surprising to the market and his clients that he was shorting this subprime bubble? In the typical language of traders, this. Hence, aside from my fiduciary duty to maximize your return, both my very nature as something of a cheapskate and my financial incentive to have an income give me every reason to rationalize expenses in favor of return. In its first year, Burry's hedge fund Scion was up 55%, while the S&P 500 fell 11.88%. Scion Asset Management, LLC - Investor Performance - Fintel.io During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. Can I invest with Scion Asset Management? required to be filed in 13Fs, so we dont know to what extent Burry was short as December 9, 2016 at 4:29 PM. Concentrated portfolios those holding less than 25 stocks or so are entirely about stock picking. The S&P 500 returned about 3% over the same period. Some commentators Read More, Augustin Lebron, formerly a trader and researcher at Jane Street Capital and now head of a consulting firm on decision-making, has written a refreshingly cerebral book, The Laws of Read More, Is there a link between public debt and growth? Joel had also written a book called You Can Be a Stock Market Genius. As is often the problem, people did not listen. Alibaba Group Holding Ltd - ADR (US:BABA) Is a crash imminent? . The loss for such an investment during the first three quarters of 2006 amounted to 15.96% net. By the end of the discussion, White Mountain had bought into co-ownership for $600,000 and pledged $10 million to let him invest. Insider Transactions in the past year. To test the waters, Burry called Bank of America to see if he could buy some more. I do not earn an income unless your annual return exceeds 6% net of expenses. The net of it is that, as a result of these agreements, the financial incentive for me to manage the fund for the benefit of the shareholders is significantly increased. As part of these transactions, Scion Capital re-organized from a subchapter S corporation to a limited liability company. Here we have Scion, piloted by Burry, full of CDSs. 24. They were not selling. Do Hedge Funds beat the market? - I analyzed the performance - Reddit /marketintelligence/en/news-insights/latest-news-headlines/michael-burry-s-scion-buys-10m-stake-in-electric-motorcycle-linked-spac-in-q4-68972514 Passive investments have now taken over nearly half of the stock market as more investors shun stock pickers and flock to index funds, according to Bank of America Merrill Lynch. He was the founder of the investment fund Gotham Capital. To maintain his position, he let go of some of his staff and a fraction of his positions. Does anyone have, or know where to look for, hard numbers on his career history? Coherent Corp (US:COHR) This led to a neurology residency at Stanford Hospital and Clinics. Stick to your principles, and you too can be Batman. While Sportsmans Warehouse (SPWH) is up 34.65% year-to-date. Burry must see a fundamental or technical catalyst for Tesla stock to continue falling to have bet hundreds of millions of dollars against the stock. The stock trades for half of listed book value. 2002 the fund was up 16%, with the market down 22%. A CDS is essentially insurance on a loan. You can short Bitcoin futures at the Chicago Mercantile Exchange (CME), the world's biggest derivatives trading platform, and on cryptocurrency exchanges. The market had flipped. , Burry could see their instability easily and was willing to place a giant bet on it. 29. Scion's stake surged in value to $271 million at the peak, representing an almost 1,500% gain for Burry. 1.87% Return on Invested Capital Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and . .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important}. Scion is betting much of its capital on Tesla and Treasuries falling, with long hedges in call options for Google, Facebook, and an assortment of value stocks. (Video) Breakdown of Michael Burry's Portfolio (SCION ASSET MANAGEMENT REVIEW). Scion is betting much of. On one hand, you have Michael Burry's Scion Capital returning 489% shorting the housing market and on the other hand, you have Melvin Capital losing 53% of its investment value in 1 month following them shorting GameStop. To him, they are precious as gold, but this gold is on a ship, and the seas are choppy. This sector includes companies in the biotech, pharmaceutical and health care equipment industries, as well as health care providers and services. Are american eagle coins a good investment? Note that short positions and many derivatives are not Access your favorite topics in a personalized feed while you're on the go. has disclosed 9 total holdings in their latest SEC filings. He left medicine to start managing money. All rights reserved. By early 2007 the predictions were becoming facts. Annualized Growth Rate (CAGR). The thesis here is pretty simple in my mind. It is my opinion that the most stable, cost-effective, and eternal alternative to the Fund is the S&P 500 Index, and hence this index should be used as a benchmark. If you're concerned about inflation and rising yields, bond duration is the worst thing you can have. The most recent 13-F filing for Burry's Scion Capital shows he was short over $500 million in Tesla and $170 million in long-term Treasuries via options at Q1 end. Shorting Crypto On Coinbase Margin trading is no longer available on Coinbase but you can start short selling without leverage using futures contracts. By mid-2007, Bear Stearns and Goldman Sachs were falling apart in front of everyone. 1. He was the founder of. For an up-to-date summary of Scion Asset Management's common stock investments, click here or go to Scion's main page on the S&P Capital IQ Pro website and click "Public Holdings Detailed" under "Investments" in the left-hand menu. Columbia Business School - Accounting, Business Law & Taxation; Columbia University The oldest part of the city, cramped between the river and the mountains, lies on the right bank; the major part . Seeking Alpha's Disclosure: Past performance is no guarantee of future results. The option agreements, now consummated by premiums paid, give Gotham Capital V, LLC the 5-year option to acquire 22.50% of the management company and give White Mountains the option to acquire up to 15.44% of the management company.