Michael Burry | Scion Asset Management Profile - TipRanks.com (2024)

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Michael Burry | Scion Asset Management Profile - TipRanks.com? ›

Michael Burry is Managing Scion Asset Management which has a net worth of $103.49M. TipRanks

Portfolio manager(s) are listed as Michael Burry. Most recent portfolio value is calculated to be $ 103,486,463 USD. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Scion Asset Management, LLC's top holdings are JD.com, Inc.

Through the purchase of credit default swaps from Goldman Sachs GS (an agreement that the seller of CDS will compensate the buyer in the event of a default) and other big banks on the mortgage bond market, Burry made a windfall profit of $100 million in the months following the housing crisis of 2008.

Burry is known for his value investing approach, which involves identifying stocks that are trading at a significant discount to their intrinsic value. He looks for companies with solid fundamentals, low price-to-earnings ratios, and attractive growth prospects.

Net Worth. Michael Burry's estimated net worth is around $300 million. Burry became millionaire at the age of 29, when he sold part of his Scion Capital hedge fund to investors. Michael Burry is NOT in Forbes World Billionaires list or in Bloomberg Billionaires Index.

One of the most profitable hedge funds of all times, Citadel generated $16 billion in profits for its investors in 2022, and earned $65.9 billion in net gains since 1990, making it the top-earning hedge fund ever.

For Scion G7 and Scion G7 Offshore funds – which serve as feeders into the Scion Master G7 funds – the firm generally requires a $1.5 million minimum investment. For the Scion Value G7 fund, however, the firm requires a minimum account size of $500,000.

Michael Burry is Managing Scion Asset Management which has a net worth of $103.49M. TipRanks & Hedge Funds: TipRanks measures the performance of Michael Burry and other hedge fund managers based on information submitted to the SEC.

Who owns the most money in stocks? ›

The richest Americans own the vast majority of the US stock market, according to Fed data. The top 10% of Americans held 93% of all stocks, the highest level ever recorded. Meanwhile, the bottom 50% of Americans held just 1% of all stocks in the third quarter of 2023.

Warren Buffett's value investing prowess made him one of the wealthiest and most successful investors of all time. If you're looking to invest like Buffett in 2024, you don't have to guess too hard. Buffett's company Berkshire Hathaway (BRK. A, BRK.B)

Individual investors interested in working with Scion Asset Management by investing in one of the firm's funds can reach out over email at info@scionasset.com. The firm's phone number is (408) 441-8400. Fund investors will receive regular reports, including: Monthly account statements.

He prefers water-rich farmland away from large governmental and infrastructural limitations. Burry has said in interview: “What became clear to me is that food is the way to invest in water. That is, grow food in water-rich areas and transport it for sale in water-poor areas.

In a nutshell, that's the Burry bear thesis – or, at the least, our interpretation of it based on a piecing together of his always-cryptic tweets. Basically, Michael Burry doesn't believe inflation will recede. And as a result, he thinks stocks are doomed. So… he sold everything.

San Jose, California, U.S.

Short selling involves borrowing a security whose price you think is going to fall and then selling it on the open market. You then buy the same stock back later, hopefully for a lower price than you initially sold it for, return the borrowed stock to your broker, and pocket the difference.

The employees at Goldman Sachs are in disbelief of Michael's investment because they believe that the subprime mortgage market is stable and that Michael's prediction is unfounded. 5. Michael shorted around $1 billion worth of subprime mortgage bonds.