scion asset 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 . Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Bloomberg via Getty Images. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). What does this mean and why is it important? He quickly earned extraordinary profits for his investors. He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt. 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. 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. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. [] Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F By Steve Burns. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. , When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. Scion Asset Management Holdings Heatmap . Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Scion Asset Management Q4 '22 Top Holdings (Author Spreadsheet 13F Data) Largely unrelated to one's personal attitude or opinion of Michael Burry, there are few 13F's in the industry that are more . The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha 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. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Scion Asset Management 13F annual report (2023) | wallmine After attending medical school, Dr. Burry left to start his own hedge fund in 2000. 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. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Michael Burry's Scion hedge fund disclosed holdings for first time in 2 "Trusted by investor.com" status is reserved to those financial advisor firms meeting investor.com's strict requirements, beginning with earning no less than a 4.5 to 5 -star rating based on investor.com's independent Trust algorithm analysis. Michael Burry recently added seven new stocks to his hedge fund, Scion Asset Management, including Chinese e-commerce companies Alibaba and JD.com and technology firm Black Knight. The investment fund's only holding now is The . [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. Questions to ask Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. What does this mean? For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Burry has a strictly traditional understanding of value. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Greenhaven Associates Updated 10 Jan 2023. What does this mean and why is this important? Green rows indicate new positions. Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle 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. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). 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). What does this mean and why is it important? Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Investors profit from puts when the . PDF Form Adv - Sec He looks for investments in undervalued companies with strong long-term prospects. In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Strategies arent specified: There isnt a lot of specificity provided . CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. , The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Heejin Kim and Myungshin Cho (29 August 2019). Will anyone that was involved be involved with my accounts in any capacity? Geo dropped approximately 0.1% in the past year. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. Burry's Scion sold all Gamestop shares in Q4 before GME went 1,517,790 additional shares. Link to 13F filings: SEC filings. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. Ranked #44 out of 483 Hedge Fund Managers. February 17, 2023. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Guinea Sets Two-Week Deadline for Alumina Plants Projects, RAF Jets Escort Plane in Distress to Stansted Airport, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows, Rivian Tells Staff EV Output May Be 24% More Than Forecast, VW Will Build a $2 Billion Electric Truck and SUV Plant in South Carolina, Meta Cuts the Price of Its Quest Headset Up to 33% After Disappointing Demand, John Malone andCharter Directors Agree to $87.5 Million Settlement, Apples Cloud Chief to Leave, Adding to Wave of Departures, Congo President Tells Macron Conflict in East May Delay Election, Anti-ESG Crusader Wants to Take Trumps Agenda to Next Level, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Scion asset management - What are they investing in Right Now? | 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. Thanks for supporting the Wall Street Memes). This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Oils $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? For more information, please see the SECs Web Site Privacy and Security Policy. On February 14, Michael Burry filed his company's holdings report with the SEC. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. 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. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. The Scion Group is the largest owner/operator of off-campus student housing communities globally. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! 66.7% of the portfolio companies Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . . 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. [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. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. For the most up-to-date information, please view the applicable SEC and FINRA reports above. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Keep reading this article to learn more about Scion Asset Management. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Precisely because he doesnt focus on a specific industry and because the essence of financial metrics shifts by industry and each companys place in the economic cycle, Dr. Burry utilizes the ratio of enterprise value (EV) to EBITDA when researching investment ideas. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. 2021-08-16. However, Dr. Burry has a much broader track record in the investing world. Any data inaccuracies, please contact our team. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. 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. Published on February 27th, 2023 by Nikolaos Sismanis. All requests for updated information should also be reported directly to the SEC and/or FINRA. Burry's trade that made him a legend was when he used derivatives to bet on a real estate market crash in 2008 which made him . 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. Michael Burry is an American investor, and hedge fund manager. He had already built a reputation as an investor at the time by exhibiting success in value investing. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Is your firm a broker-dealer or are you affiliated with one? Why Didn't the Fed? 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. Average metrics of all companies in portfolio . 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. 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. Please provide me a list of the products and a summary of how much your firm earns from them. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. Burry was born and grew up in San Jose, California. Scion Asset Management, LLC Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . and We've received your submission. Scion has $638,901,404 assets under management (AUM). While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt, Burry tweeted Wednesday. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. The holding were 650,000 shares as of 2021-03-31. You can download an Excel spreadsheet with metrics that matter of Scion Asset Managements current 13F equity holdings below: Click here to instantly download your free spreadsheet of all Scion Asset Management / Michael Burry holdings now, along with important investing metrics. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. [17] He subsequently liquidated his company to focus on his personal investments. 223.17% 10-Year Performance. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq 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. As a result, the company will soon be able to self-fund its growth and overall operations. 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. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet What does this mean? The fund focuses on investments in the United States as Why doesnt your firm use a secure website? This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. Alibaba Group Holding Limited ADR (US:BABA) The Scion Asset Management founder studied at UCLA and earned his medical degree at Vanderbilt University before starting and eventually abandoning a residency at Stanford University . The portfolio's exposure to China is also thought-provoking. [13], In 2005, Burry started to focus on the subprime market. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. What does this mean? Michael Burry Stock Portfolio 2023 - Scion Asset Management Holdings 13F [9], Despite not practicing, Burry has kept his license as a physician active with the Medical Board of California, including continuing education requirements.[10][11]. Our system has identified the following conflict alerts. What does this mean? 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. 2023 Reink Media Group LLC. [30], Burry is married, with children, and was living in Saratoga, California in 2010. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? 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. He has 25 years of experience as a finance and accounting executive, having served major private and public real estate firms as chief accounting officer, chief financial officer and senior vice president of strategic initiatives. Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA Michael Burry has been on a buying spree lately. Profitability has also been weak. Scion Asset Management - Michael Burry - Insider Monkey 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). Quickly find out what the most recently closed or increased positions are. T. Black Knight offers blended software, data, and analytics solutions all over the globe. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. The stock is now traded at around $14.430000. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Scion Asset Management, LLC operates as an investment firm. This value is significant in that it is the last known price at which the security was still held. It's not hard.". The GEO Group is a specialty REIT that owns, operates, and manages correctional, detention, and reentry facilities in the US, UK, South Africa, and Australia. [14][15][16], During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. What does this mean? Questions to ask Common Stock (US:US19247G1076) Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 approximately 0.1% of the total holdings value. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. The investment fund also strengthened its position in Geo by buying Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. In total, Scion Asset Management manages $291.7 million in assets. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Address: 20665 4th Street Suite 201. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . The Form 13F report requires disclosure of the manager that files the report, the name and class of the security, the CUSIP number, the number of . 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. Scion Asset Management. 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. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Operating as an online business, this site may be compensated through third party advertisers. 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. Top 10 Stocks Held By Scion Asset Management LLC Questions to ask Please declare your traffic by updating your user agent to include company specific information. The majority of the companies in the funds portfolio are large-cap stocks. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which documented the history and events leading up to his contrarian but hugely successful bet against the real estate market in 2008. What does this mean and why is this important? Hedge Fund Manager. It would appear that Burry is betting that China will rebound. I cover the recent 13F filings and the logic behind Michael Burry's po. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. There are 3 companies that go by the name of Scion Asset Management, LLC. Read through our introductory course to financial advisors. What does this mean? Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. What does this mean and why is it important? And we will have another inflation spike. Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades The Scion Asset Management office and employees reside in Saratoga, California. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Firm or related person receives soft-dollar benefits in connection with client securities transactions. 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. Currently, their heaviest sector is Real Estate making up 53.2% of Scion employs over 1,750 team members and has over $9 billion of assets under . Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. 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. And JD.com is in a similar situation, being 57% below its peak in February 2021.

Clia Inspection Checklist 2021, Northeastern University Golf Club Covers, Aviva Investors Spring Week 2021, W101 Parchment Farming, Roane County Arrests 2021, Articles S