scion asset management

Scion Asset Management 13F annual report (2023) | wallmine 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 . Form 13F is required to be filed within 45 days of the end of a calendar quarter. 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. Greenhaven Associates Updated 10 Jan 2023. He only looks for their undervalued elements, regardless of their sector and class. Common Stock (US:US19247G1076) Questions to ask Scion Asset Management 13F annual report. Read through our introductory course to financial advisors. Scion Capital returned 489.34% (net of fees and expenses) between November 1, 2000 and June 2008 compared to 3% total return from S&P 500 during the same time frame. Is your firm affiliated with a law firm in any capacity? 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. These positions were updated on November 14th based on the funds latest 13F filing. 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. A quarter of the portfolio is made up of consumer discretionary companies. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. The holding were 650,000 shares as of 2021-03-31. Published on February 27th, 2023 by Nikolaos Sismanis. 18951. Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider Apply for Trusted badge. Scion Asset Managements portfolio is diversified across 5 sectors. Scion Asset Management Review | SmartAsset.com It's worth noting that more than a third of Scion Asset Management's portfolio is now made up of companies in the industrial sector. 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. 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. 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. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History The SEC or CFTC 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. 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. About Us - Scion Advisory Our partners compensate us through paid advertising. Top 50 Scion Asset Management Holdings . Michael Burry Portfolio and News | GuruFocus [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. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. What does this mean? Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Terms of Use | Disclaimers | Privacy Policy. At 06/30/2022: $3,309. 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla 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. Should I Hire a Financial Advisor or DIY It? Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. * Reported Price is the price of the security as of the portfolio date. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Musk Made a Mess at Twitter. 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. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Michael Burry is head of Scion Asset Management. Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) , whose value fell approximately 0.1% in the past six months. [19] He has focused much of his attention on investing in water, gold, and farm land. Our system found no disciplinary alerts. The GEO Group Inc (US:GEO) What does this mean? , Michael Burry - Wikipedia Which securities does your firm trade for itself that it will also be recommending to me? 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. Is your firm a broker-dealer or are you affiliated with one? Warren Buffett's: Berkshire Hathaway. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. 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. What does this mean? Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. , Please declare your traffic by updating your user agent to include company specific information. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Will anyone that was involved be involved with my accounts in any capacity? After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. "[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. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. T. Black Knight offers blended software, data, and analytics solutions all over the globe. 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 . SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com This value is significant in that it is the last known price at which the security was still held. [4] As a teenager, he attended Santa Teresa High School. What does this mean and why is it important? 2023 Reink Media Group LLC. $48 Million Michael Burry Portfolio / Scion Asset Management, LLC He had already built a reputation as an investor at the time by exhibiting success in value investing. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. What conflicts arise from this relationship? As a result, the company will soon be able to self-fund its growth and overall operations. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Follow Michael Burry and Buy GEO Stock | InvestorPlace For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. 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. 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. 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. Will any of my assets be invested in those products? And we could be headed for another recession. What does this mean? Michael Burry of Scion Asset Management. 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. Questions to ask 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. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. 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. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. 1001 and 1030). [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. GameStop Corp. 625 Westport Parkway. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. A regulatory agency other than the SEC or CFTC 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. We use the change in the portfolio allocation because this is the most meaningful metric. 66.7% of the portfolio companies It is now the funds second-largest holding, accounting for 18.3% of its holdings. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. While partners may pay to provide offers or be featured, e.g. Michael Burry reveals new stock bets after previously dumping entire , The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. What does this mean and why is it important? Keep reading this article to learn more about Scion Asset Management. 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. The fund only has four clients. There are currently 6 companies in Mr. Burry's portfolio. Hedge Fund and Insider Trading News: Michael Burry, Bridgewater Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Burry's Scion sold all Gamestop shares in Q4 before GME went This arrangement creates a conflict where the firm and its representatives may be incentivized to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . How does your firm mitigate them? 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 . Why has Burry, who is bearish on the . 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." The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . [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. Burry has a strictly traditional understanding of value. Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) Will His AI Plans Be Any Different? The investment fund's only holding now is The . It's not hard.". Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. 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. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Scion Asset Management, LLC operates as an investment firm. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. : DE | Fiscal Year End: 1231. Scion employs over 1,750 team members and has over $9 billion of assets under . [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". When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. What does this mean and why is it important? At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. However, Burry is also known to take an approach that often contradicts what the broad market dictates. Growth has also been smooth for the company due to the recurring nature of its business model. Scion Asset Management, LLC - Filing History - Michael Burry - Fintel Some of the largest purchases done by Scion Asset Management are follows: Ace Ltd; The hedge fund owns about 50000 shares of ACE Ltd, which reflects about 7.89% of their portfolio. Scion Announces Addition of 20,000 Beds to its Portfolio of Student (Disclaimers: this is not investment advice. Regulatory disclosures state that firm sells proprietary investments and products. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Louis Bacon's: Moore Capital Management. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. See the Top Performing Hedge-Funds > Michael Burry . During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Changes can be due to trades or changes in share prices. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Also, the article may contain affiliate links. What does this mean? What does this mean? Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Burry was born and grew up in San Jose, California. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. | 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. Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech Designer and entrepreneur Melody Ehsani takes us on a journey from her early days working retail, to designing her first shoes and jewelry lines, to collaborating with Red Hot Chili Peppers and Jordan brand before taking on a bespoke role at Foot Locker. Firm or a related person trades securities for themselves that they also recommend to their clients. The firm's website is not secure by modern internet standards. Thanks for supporting the Wall Street Memes). The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. This means they effectively own 0.6% of the company. 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. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. 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 SCION ASSET MANAGEMENT, LLC. Scion Asset Management LLC Top Holdings 13F Filings This makes their stake in Geo total 2,019,150 shares worth $15.5 million. 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). Michael Burry is an American investor, and hedge fund manager. 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. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Nothing on this website constitutes, or is meant to constitute, advice of any kind. , The firm prefers to employ long/short, market neutral, and activist strategies. Checks take place monthly. By the end of 2004, he was managing $600 million and turning money away. U.S Market Open - Market Closes in 49M 55S. Scion Asset Management. Firm or an affiliate actively engages in business as a law firm or lawyer. 'Big Short' fund manager Burry dumps portfolio, buys prison stock Scion's new purchases consist of . , 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. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Qurate Retail Inc makes up 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. $41.4 million and $41.2 million respectively. I was damned sure I was going to pay it off. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. The Scion Asset Management manager revealed the purchase of seven new Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. What does this mean and why is it important? The company has been growing rapidly over the past few years while retaining compelling profitability levels. 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. He has said, "Fresh, clean water cannot be taken for granted. 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. Yes or What does this mean and why is this important? SkyWest, Inc. (US:SKYW) The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. What does this mean and why is this important? Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. . Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. In his words: All my stock picking is 100% based on the concept of a margin of safety.. Eventually Burry closed his fund and retired. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? 100.0% In addition, the fund holds 5,000,000 shares of . He has warned a severe recession on several occasions over the last year. Bloomberg via Getty Images. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. Scion has $638,901,404 assets under management (AUM). What does this mean and why is this important? On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. These companies are located in Dover DE, Madison WI, and Saratoga CA. Michael Burry has been on a buying spree lately. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. 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. 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, LLC SC 13D Filing Concerning GME on 2020-04-02 Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA 223.17% 10-Year Performance. 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. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. What does this mean and why is it important? Investor.com is your trustworthy guide to the world of personal finance. Geo dropped approximately 0.1% in the past year. Steven Cohen's: Point72 Asset Management. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. 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: [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. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. tips_and_updates Financial Advisor Education. In early January, he posted to his Twitter account that inflation had "peaked," but that this would not be the last peak of the cycle. And it is notwater is political, and litigious. Does your fim accept soft-dollar benefits? Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. 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 . Does your firm offer mutual funds that have 12b-1 fees? 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.

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