scion asset management

The firm's website is not secure by modern internet standards. 66.7% of the portfolio companies Researcher and operations manager at DM Martins Research. tips_and_updates Financial Advisor Education. JD.com, Inc. (US:JD) Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. At 06/30/2022: $3,309. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Operating as an online business, this site may be compensated through third party advertisers. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. Is your firm affiliated with a law firm in any capacity? Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. For more information, please see the SECs Web Site Privacy and Security Policy. 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. 347 Followers. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. In his words: All my stock picking is 100% based on the concept of a margin of safety.. The portfolio is made up of a total of 102 facilities, including 82,000 beds. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. * Reported Price is the price of the security as of the portfolio date. You wont receive financial advice or any financial planning services as an individual investor, and you can only invest in the available funds that the firm oversees. By Steve Burns. [9] While off duty at night, he worked on his hobby: financial investing. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Filing Date. Dr. Burry No. Questions to ask The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Does your firm perform side-by-side management? Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-12-31. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Scion Asset Management LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. U.S Market Open - Market Closes in 49M 55S. What does this mean? Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Michael Burry is likely betting on the stocks valuation levels normalizing as we advance, which sounds like a reasonable investment case given Alibabas excellent financials. Will His AI Plans Be Any Different? The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. What does this mean and why is it important? He is best known for being amongst the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. The stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. Questions to ask Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. 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. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. He has said more than once that his investment style is built upon Benjamin Graham and David Dodds 1934 book Security Analysis: "All my stock picking is 100% based on the concept of a margin of safety. 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 manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 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. Geo dropped approximately 0.1% in the past year. Michael Burry does see a recession coming, but that hasn't stopped himrather his hedge fund Scion Asset Managementfrom stocking up on some positions likely to be hit hard by a downturn. Portfolio manager(s) are listed as Michael Burry. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. He had already built a reputation as an investor at the time by exhibiting success in value investing. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Based on his analysis of mortgage lending practices utilized in 2003 and 2004, he accurately forecasted that the real estate bubble would come tumbling by 2007. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. The latest quarterly filing from Scion Asset ManagementMichael Burry's firmshows no bearish bets against the electric-vehicle giant Tesla The loss of a notable bear appears to be giving . The stock is now traded at around $14.430000. Burry even ended up selling 99% of his positions in 2022, including Alphabet (GOOGL) - Get Free Report, Warner Bros Discovery (WBD) - Get Free Report, and Meta (META) - Get Free Report, leaving only his position in GEO Group. Michael Burry is an American investor, and hedge fund manager. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. [13], In 2005, Burry started to focus on the subprime market. It is now the funds third-largest holding, accounting for 12.8% of its holdings. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! | Investormint", "EDGAR Filing Documents for 0001567619-19-004198", The Big Shorts Michael Burry Sees a Bubble in Passive Investing, "Michael Burry Portfolio / Scion Asset Management, LLC Holdings", "Michael Burry tweet, Dec. 1, 2020 (Internet Archive)", "Michael Burry of 'The Big Short' reveals a $530 million bet against Tesla", "Michael Burry of 'Big Short' Bets Against Cathie Wood's ARKK", "Author Michael Lewis on Wall Street's Delusion", "Legendary Investor Leaves Twitter, Lists 8 Metal Bands in Bio", "Where 'The Big Short's Michael Burry Is Today", "Michael Burry: Subprime Short-Seller No. This conclusion led him to short the market by persuading Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as vulnerable. Here's what investors need to know about Michael Burry's long positions. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. In total, Scion Asset Management manages $291.7 million in assets. 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. 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 more than two years, on February 14, 2019, Scion Asset Management filed another 13F, showing Burry to hold numerous large-cap stocks and $103,528,000 13F assets under management, just above the threshold for filing. Michael Burry is head of Scion Asset Management. What does this mean and why is it important? As a result, the company will soon be able to self-fund its growth and overall operations. 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. What does this mean and why is it important? Currently tracking portfolios of 77 superinvestors. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. On February 14, Michael Burry filed his company's holdings report with the SEC. Michael Burry of Scion Asset Management. Quickly find out what the most recently closed or increased positions are. Green rows indicate new positions. Questions to ask What does this mean? The average market cap of the portfolio companies is close to $2.02 billion. 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. 12.25% 3-Year Performance. The GEO Group Inc (US:GEO) Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Regulatory disclosures state that firm sells proprietary investments and products. Michael Burry has been on a buying spree lately. There are currently 6 companies in Mr. Burrys portfolio. [6], According to his website, Burry liquidated his credit default swap short positions by April 2008 and did not benefit from the bailouts of 2008 and 2009. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. 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. If you require advice in relation to any financial matter you should consult an appropriate professional. Scion Asset Management General Information. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Scion Asset Management, LLC Holdings. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Musk Made a Mess at Twitter. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Saratoga, CA 95070. In January, Burry made predictions for an economic downturn in 2023. [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. In this episode, we hear how she became a sponge for product design, figured out how to make accessible yet high-end jewelry, and how she even relocated to China for the better part of a year to personally see to her brand's manufacturing. 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. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Burry predicted Tesla stock would collapse like the housing bubble,[27] saying that "my last Big Short got bigger and Bigger and BIGGER" and taunted Tesla bulls to 'enjoy it while it lasts. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. [9][31][6], He is a fan of heavy metal music, including bands such as Obituary, Lamb of God, Amon Amarth, Slipknot, King Diamond and Pantera. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Scion Asset Management currently serves clients in the following states: CA, TN. Questions to ask But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry The firm prefers to employ long/short, market neutral, and activist strategies. Financial plans and investment portfolios are always unique to the client's personal financial situation. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. For further detail, see our articles on different types of advisors and financial advisor services. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Changes can be due to trades or changes in share prices. Firm's/Financial Professional's investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. 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. , These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. 1001 and 1030). Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. What does this mean? Will anyone that was involved be involved with my accounts in any capacity? Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Others say the plan is too costly and burdensome on taxpayers. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? All rights reserved. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Bill Ackman's: Pershing Square Capital Management. What does this mean and why is it important? Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Eventually Burry closed his fund and retired. Does your firm, or anyone associated with the firm, practice as a law firm? Hedge funds are required to report only their long positions, not their short positions. 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. Hedge Fund Manager. 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. All requests for updated information should also be reported directly to the SEC and/or FINRA. In addition, the fund holds 5,000,000 shares of . Black Knight Inc (US:BKI) 100.0% Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Why doesnt your firm use a secure website? Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. We have concerns regarding capital management at . 2023 NYP Holdings, Inc. All Rights Reserved, King of debt Joe Biden absurdly labels himself a deficit hawk, Teacher Randi Weingartens ignorant, anti-democratic rant, Bidens Ohio failure: Letters to the Editor March 2, 2023, Randi Weingarten has maniacal meltdown at student debt relief rally. The third-largest holding is CoreCivic Inc worth $6.41 million and the next is Aerojet Rocketdyne Inc worth $5.3 million, with 132,561 shares owned. It would appear that Burry is betting that China will rebound. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. February 17, 2023. Portfolio value: $46M+ Period: 2022 Q4. To illustrate how successful Dr. Burrys picks were from the origins of Scion Asset Management to the Great Financial Crisis, the hedge fund recorded returns of 489.34% (net of fees and expenses) between its inception in November 2000 to June 2008. Geo dropped approximately 0.1% in the past year. However, Dr. Burry has a much broader track record in the investing world. Also, the article may contain affiliate links. Latest Holdings, Performance, AUM (from 13F, 13D). Louis Bacon's: Moore Capital Management. Published on February 27th, 2023 by Nikolaos Sismanis. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Scion Asset Management's public equity portfolio is heavily concentrated. Greenhaven Associates Updated 10 Jan 2023. Burry was born and grew up in San Jose, California. 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. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. As a result, we do not support personal reviews on the site. "[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. Figure 1:What to Know About Michael "Big Short" Burry's Latest Stock Purchase, Read also: GameStop Stock: What the SEC Says About Direct Registration. . "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Michael Burry . Questions to ask In that case, interest rates would pivot and rates would be cut while the government would announce a stimulus package to help households suffering from a failing economy. SCION ASSET MANAGEMENT, LLC: CHIEF EXECUTIVE OFFICER: direct: 2013-03-01: CLARKE BENNITT MANAGEMENT, LP: PRINCIPLE OWNER: indirect: 2005-02-01: 2006-01-20: BURRY, ANH-THI: TRUSTEE THE BURRY 2003 REVOCABLE TRUST: 05/01/2003: Indirect Other: Fund Name Position direct/indirect start date end date; SCION ASSET MANAGEMENT, LLC: , . Scion Asset Managements portfolio is diversified across 5 sectors. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which The companys operating segments include Active Group, Work Group, and Lifestyle Group, which individually focus anywhere from casual footwear and apparel to industrial work boots and apparel. Terms of Use | Disclaimers | Privacy Policy. , whose value fell approximately 0.1% in the past six months. Does your fim accept soft-dollar benefits? [21] In August 2019, Bloomberg News quoted an email from Burry where he said there was a bubble in large US company stocks due to the popularity of passive investing, which "has orphaned smaller value-type securities globally". [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. Data is sourced from 13D/13G, 13F, and N-Q filings. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time. And we could be headed for another recession. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. 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. 223.17% 10-Year Performance. Grapevine, TX 76051. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a felony. 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. 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 company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. 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. T. Black Knight offers blended software, data, and analytics solutions all over the globe. Updated 05 Jan 2023. So while Michael Burry's hedge fund has about $46.5 million in long positions reported in its 13F, it is likely that behind this may be another "big short." Will any of my assets be invested in those products? SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. What does this mean? Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. Qurate Retail Inc makes up 1,517,790 additional shares. Average metrics of all companies in portfolio . 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. . There are 3 companies that go by the name of Scion Asset Management, LLC. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. What happened? What does this mean? Michael Burry is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. These conflicts can negatively impact clients via hidden fees and overall higher costs. They manage The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. The holding were 650,000 shares as of 2021-03-31. Should I Hire a Financial Advisor or DIY It? 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. How does your firm mitigate them? On this Wikipedia the language links are at the top of the page across from the article title. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt.

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