scion asset management scion asset management

The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Leadership - The Scion Group Note: We do not offer technical support for developing or debugging scripted downloading processes. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. What does this mean? SCION ASSET MANAGEMENT, LLC | LinkedIn DATAROMA Superinvestors Portfolio Holdings Salesforce CEO Marc Benioff sounds the alarm on recession - with shades Scion Asset Management 13F annual report (2023) | wallmine The firm may also use leverage and derivative strategies to increase the rate of client success. Thank you for your interest in the U.S. Securities and Exchange Commission. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . He has Rusyn ancestry. * Reported Price is the price of the security as of the portfolio date. , Please declare your traffic by updating your user agent to include company specific information. The portfolio's exposure to China is also thought-provoking. *SEC data last verified February 17, 2023. 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. 'Big Short' fund manager Burry dumps portfolio, buys prison stock How does your firm approach insurance sales? What does this mean and why is it important? [13], In 2005, Burry started to focus on the subprime market. These companies are located in Dover DE, Madison WI, and Saratoga CA. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Strategies arent specified: There isnt a lot of specificity provided . 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. Our team combines decades of experience in all aspects of campus housing: residential life administration, real estate finance, program and asset management, plus practical knowledge from the ownership . He only looks for their undervalued elements, regardless of their sector and class. Link to 13F filings: SEC filings. Questions to ask $41.4 million and $41.2 million respectively. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. He has warned a severe recession on several occasions over the last year. Bruce Berkowitz's: Fairholme Capital Management. There are currently 6 companies in Mr. Burry's portfolio. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. 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. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. T. Black Knight offers blended software, data, and analytics solutions all over the globe. Our partners compensate us through paid advertising. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. What does this mean and why is this important? How do these benefits affect the firms selection of a broker-dealer partner? Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. What does this mean? 10/2021 4/18/2022 5:06:55 PM SCION ASSET MANAGEMENT, LLC SCION ASSET MANAGEMENT, LLC (2) If you are using this Form ADV to register more than one investment adviser under an umbrella registration , check this box . Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? EXHIBIT C. July 28, 2019. [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". See the Top Performing Hedge-Funds > Michael Burry . [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Scion Asset Management's Portfolio - All 9 Public Equity Investments. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. The fund has around $291.7 million in assets under management (AUM), $41.3 million of which is allocated to the firms public equity portfolio. What does this mean and why is it important? Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. The Scion Asset Management manager revealed the purchase of seven new Form 13F is required to be filed within 45 days of the end of a calendar quarter. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. in 2008. 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. Michael Burry - Wikipedia 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 misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses. Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla While partners may pay to provide offers or be featured, e.g. He became famous when he was played by Christian Bale in the blockbuster movie 'The Big Short' based on the best selling book by author Michael Lewis.Dr. Data is sourced from 13D/13G, 13F, and N-Q filings. Maintenance Technician Job in Minneota, MN at The Scion Group 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." Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. Investors profit from puts when the . It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. The average market cap of the portfolio companies is close to $2.02 billion. The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha Red rows indicate closed positions. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. The firm's asset exposure includes equities, derivatives, and fixed income instruments. 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. Scion Asset Management, LLC operates as an investment firm. We reserve the right to block IP addresses that submit excessive requests. Profitability has also been weak. Bill Ackman's: Pershing Square Capital Management. A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. 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. All rights reserved. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. 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. These filings are called "notice filings". Cathie Wood says Michael Burry doesn't understand innovation space Scion Asset Management LLC Top Holdings 13F Filings financing, asset management, . Any data inaccuracies, please contact our team. PDF Form Adv - Sec Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. All Scion Asset Management, LLC holdings are listed in the following tables. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Execute maintenance objectives and daily assignments with the Facilities Supervisor. Cassandra B.C. (@michaeljburry) / Twitter SCION ASSET MANAGEMENT - The Economic Times 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. 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. Unlike HTTPS connections, HTTP connections are not encrypted. 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. What does this mean? The author may be long one or more stocks mentioned in this report. The turnover rate is 70%. The fund focuses on investments in the United States as Musk Made a Mess at Twitter. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. Top 50 Scion Asset Management Holdings . Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. He quickly earned extraordinary profits for his investors. Here's how we make money. Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and . Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock 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). Warren Buffett's: Berkshire Hathaway. Scion Asset Management 13F annual report (2023) | wallmine Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Researcher and operations manager at DM Martins Research. What happened? The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. [18][16], In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser (ERA) active in the state of California and approved by the SEC. Scion Asset Management's public equity portfolio is heavily concentrated. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. The holding were 650,000 shares as of 2021-03-31. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. Michael Burry is an American investor, and hedge fund manager. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Questions to ask What does this mean and why is this important? All rights reserved. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History [17] He subsequently liquidated his company to focus on his personal investments. 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. 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. Latest Holdings, Performance, AUM (from 13F, 13D). BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . the total portfolio value. What does this mean? [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. The Scion Asset Management office and employees reside in Saratoga, California. When he was younger, he noticed that it took him a lot of energy to look people in the eye, and said, "If I am looking at you, that's the one time I know I won't be listening to you". Portfolio manager(s) are listed as Michael Burry. For further detail, see our articles on different types of advisors and financial advisor services. While many fund managers and successful investors such as Cathie Wood are talking about their ideas several times a week in the news, Burry is more quiet. 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. Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. On this Wikipedia the language links are at the top of the page across from the article title. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Follow Michael Burry and Buy GEO Stock | InvestorPlace Michael Burry is Betting Everything on These 6 Stocks 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. Alibaba Group Holding Limited ADR (US:BABA) MGM Resorts International (US:MGM) After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Operating as an online business, this site may be compensated through third party advertisers. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. We have concerns regarding capital management at . Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Michael Burry is head of Scion Asset Management. Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) For the most up-to-date information, please view the applicable SEC and FINRA reports above. Questions to ask Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Does your firm offer mutual funds that have 12b-1 fees? WRITE REVIEW. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. SEC Form 13F Filing History. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. For more information, please see the SECs Web Site Privacy and Security Policy. What does this mean? Updated 05 Jan 2023. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Ultimately, Burrys analysis proved right. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. Interestingly enough, when Dr. Burry had to pay for the credit default swaps, he experienced an investor revolt, as some investors in his fund feared his prophecy was inaccurate, requesting to withdraw their funds. Current Michael Burry Portfolio 2021 Q1 Update - New Trader U Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. . Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . 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. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. 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. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. While this can be seen as "eating your own cooking," there are conflicts that may arise. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Louis Bacon's: Moore Capital Management. CUPERTINO, Calif.--(BUSINESS WIRE)--On August 16 th, Scion Asset Management sent a letter to the Board of Directors of GameStop Corp. urging the Board to direct the full execution of its March 4 . Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. About Us - Scion Advisory The firm's website is not secure by modern internet standards. [29] During the second quarter of 2021, he has reported to hold puts on almost 31 million dollars on the ARKK ETF innovation index managed by Ark Invest. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market Questions to ask Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). There are currently 6 companies in Mr. Burrys portfolio. 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). [9] While off duty at night, he worked on his hobby: financial investing. Founded in 2018 as an unbiased resource empowering consumers to research and compare financial advisory firms, investor.com today gives consumers the tools to make smart money decisions about credit, retirement planning, and more. The Board of Directors. Geo dropped approximately 0.1% in the past year. 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. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 This means they effectively own 0.6% of the company. These positions were updated on November 14th based on the funds latest 13F filing. 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 . Follow Tweet. 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. Written by investor.com. David Einhorn's: Greenlight Capital. Based in Saratoga, Calif., Scion has just six employees, two of whom . Please provide me a list of the products and a summary of how much your firm earns from them. Michael Burry Portfolio and News | GuruFocus , Will any of my assets be invested in those products? If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Which securities does your firm trade for itself that it will also be recommending to me? The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. The investment fund also strengthened its position in Geo by buying Scion Asset Management, LLC Bu - GuruFocus.com While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Should I Hire a Financial Advisor or DIY It? Scion Asset Management also says it works to provide clients with a diverse mix of portfolio opportunities it believes will increase their chances of investment success. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. 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. Scion Asset Management, LLC Portfolio Never miss a trade. Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Hedge funds are required to report only their long positions, not their short positions. 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 firm prefers to employ long/short, market neutral, and activist strategies. 0001567619-21-015632. Michael Burry | Scion Asset Management Profile - TipRanks.com Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Description. 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 . [] To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients.