scion asset management

Does your firm offer mutual funds that have 12b-1 fees? Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Does your firm, or anyone associated with the firm, practice as a law firm? Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. Burry was born and grew up in San Jose, California. 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. 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. 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. 0001567619-21-015632. Scion Asset Management General Information. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. 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. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. A quarter of the portfolio is made up of consumer discretionary companies. 2023 Reink Media Group LLC. 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. Questions to ask Currently tracking portfolios of 77 superinvestors. 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 . The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. How does your firm approach insurance sales? What does this mean? 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. SCION ASSET MANAGEMENT, LLC. Geo dropped approximately 0.1% in the past year. How do we make money? Burry predicted, "Fed will cut and government will stimulate. This form was filed on 2023-02-14 for the reporting period 2022-12-31. financing, asset management, . For more information, contact opendata@sec.gov. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. What conflicts do I need to be made aware of? Our Methodology. What does this mean and why is this important? Saratoga, CA 95070. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Firm or a related person trades securities for themselves that they also recommend to their clients. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. What does this mean? Back on April 10, 2020, Michael Burry, who gained fame as a major character in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME) disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME's outstanding shares. In response, Alibaba has been repurchasing stock in bulk. 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. The portfolio is made up of a total of 102 facilities, including 82,000 beds. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. 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. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Apply for Trusted badge. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. 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. 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 . After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. At 06/30/2022: $3,309. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. So is Burry less bearish on the U.S. economy than he was last year? To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. The Scion Asset Management chief's grim prediction may be coming true, as the S&P 500 and Nasdaq indexes tumbled by 19% and 33% respectively in 2022. Scion Asset Management, LLC . As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . He also believes that he expects growth in the consumer price index (CPI) to come down and be possibly negative in the second half of 2023. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Firm or related person receives soft-dollar benefits in connection with client securities transactions. What does this mean? Follow Tweet. It's not hard.". For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Firm or an affiliate actively engages in business as a law firm or lawyer. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. The portfolio's exposure to China is also thought-provoking. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. Questions to ask Latest Holdings, Performance, AUM (from 13F, 13D). 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. Written by investor.com. Address: 20665 4th Street Suite 201. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. What does this mean? That would put the U.S. in a recession under "any definition.". Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. 223.17% 10-Year Performance. Greenhaven Associates Updated 10 Jan 2023. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . 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. This could also limit the number and diversity of investment options available and may impact their transferability. Musk Made a Mess at Twitter. What does this mean? This value is significant in that it is the last known price at which the security was still held. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). A good way to understand Burry's thinking and Scion Asset Management's . Regulatory disclosures state that firm sells proprietary investments and products. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. These conflicts can negatively impact clients via hidden fees and overall higher costs. The firm's asset exposure includes equities, derivatives, and fixed income instruments. 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. There are currently 6 companies in Mr. Burrys portfolio. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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. Questions to ask approximately 0.1% of the total holdings value. This means they effectively own 0.6% of the company. In total, Scion Asset Management manages $291.7 million in assets. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. : DE | Fiscal Year End: 1231. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. He quickly earned extraordinary profits for his investors. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Questions to ask The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Burry has a strictly traditional understanding of value. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. 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. Questions to ask [17], In an April 3, 2010 op-ed for The New York Times, Burry argued that anyone who studied the financial markets carefully in 2003, 2004 and 2005 could have recognized the growing risk in the subprime markets. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. 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. | 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. Upgrade to unlock premium data and export to Excel . This could be detrimental to a client during down markets. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. 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. David Einhorn's: Greenlight Capital. What does this mean? What happened? 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. , While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Yes or What does this mean and why is it important? Note: We do not offer technical support for developing or debugging scripted downloading processes. 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). The fund focuses on investments in the United States as 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. I was damned sure I was going to pay it off. Scion Asset Management, LLC Holdings. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. What conflicts arise from this relationship? 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. 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. Why does your firm believe in offering commission-based services to clients? Which securities does your firm trade for itself that it will also be recommending to me? The GEO Group Inc (US:GEO) Scion Asset Management 13F annual report. As a Certified B Corporation, our focus is simple: people before profits. 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 . Average metrics of all companies in portfolio . The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. See how we calculate 13F filing performance here. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Hedge funds are required to report only their long positions, not their short positions. See the Top Performing Hedge-Funds > Michael Burry . The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. Scion Asset Management, LLC's new positions include 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. For further detail, see our articles on different types of advisors and financial advisor services. the total portfolio value. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. $41.4 million and $41.2 million respectively. 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. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. What does this mean? The fund only has four clients. Why doesnt your firm use a secure website? This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. 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. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. Ultimately, Burrys analysis proved right. 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. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). * Reported Price is the price of the security as of the portfolio date. All rights reserved. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. 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. 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. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. How do these benefits affect the firms selection of a broker-dealer partner? All Scion Asset Management, LLC holdings are listed in the following tables. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. has disclosed 9 total holdings in their latest SEC filings. Dr. Burry These filings are called "notice filings". Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. 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. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! All requests for updated information should also be reported directly to the SEC and/or FINRA. On this Wikipedia the language links are at the top of the page across from the article title. Scion Asset Management. He looks for investments in undervalued companies with strong long-term prospects. [5][6][7], He studied economics and pre-med at the University of California, Los Angeles, earned an MD degree from the Vanderbilt University School of Medicine,[6] and started but did not finish his residency[8] in pathology at Stanford University Medical Center. This means they effectively own 0.6% of the company. What does this mean? What does this mean? Since Jun 2013. 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. Scion Asset Management's Portfolio - All 9 Public Equity Investments. 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. 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. Questions to ask [13], In 2005, Burry started to focus on the subprime market. Questions to ask Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Qurate Retail Inc makes up Please declare your traffic by updating your user agent to include company specific information. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Eventually Burry closed his fund and retired. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. These positions were updated on November 14th based on the funds latest 13F filing. 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. Wolverine World Wide, Inc. (US:WWW) [9] While off duty at night, he worked on his hobby: financial investing. 12.25% 3-Year Performance. The impact to a portfolio due to this purchase was 0.65%. While this can be seen as "eating your own cooking," there are conflicts that may arise. [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. He only looks for their undervalued elements, regardless of their sector and class. As a result, the company will soon be able to self-fund its growth and overall operations. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Link to 13F filings: SEC filings. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. What does this mean and why is it important?

James Rouse Obituary, Articles S