scion asset managementscion asset management

SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. What does this mean? The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. 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 . Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. It would appear that Burry is betting that China will rebound. . Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. What does this mean? After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. 340.42% 1Y 3Y 5Y 10Y. [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 Holdings Heatmap . Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. What does this mean? 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: 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: In his words: All my stock picking is 100% based on the concept of a margin of safety.. He only looks for their undervalued elements, regardless of their sector and class. $48.3 Million Total portoflio value. This value is significant in that it is the last known price at which the security was still held. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Qurate Retail Inc makes up This video discusses the update to Michael Burry's portfolio (Scion Asset Management). Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. The firm may also use leverage and derivative strategies to increase the rate of client success. 2015-2023 Fintel Ventures LLC. The Scion Asset Management office and employees reside in Saratoga, California. 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. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. February 17, 2023. What does this mean? the total portfolio value. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! Questions to ask For example, front-running is when a financial professional buys or sell securities ahead of their client. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Fintel is a registered trademark. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. The fund only has four clients. 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." Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. , The firm prefers to employ long/short, market neutral, and activist strategies. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Our system has identified the following conflict alerts. No. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Profitability has also been weak. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. What does this mean and why is it important? Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance. Strategies arent specified: There isnt a lot of specificity provided . Will any of my assets be invested in those products? He had already built a reputation as an investor at the time by exhibiting success in value investing. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Stocks with a size of more than $10 billion in market cap make up What does this mean and why is it important? The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 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? Questions to ask [9] While off duty at night, he worked on his hobby: financial investing. 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. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . 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. Most recent portfolio value is calculated to be $ 46,536,925 USD. 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. 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. Operating as an online business, this site may be compensated through third party advertisers. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information , , whose value fell approximately 0.1% in the past six months. Scion Asset Management feels strongly about Neophotonics Corp and that is the reason they have added about 300000 shares of the firm to their fund. Investors profit from puts when the . Scion employs over 1,750 team members and has over $9 billion of assets under . In January, Burry made predictions for an economic downturn in 2023. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. They manage Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. Questions to ask of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. Here you can find the latest trades based on Burry's 13F filings and insider trades. "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. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Michael Burry does see a recession coming, but that hasn't stopped himrather his hedge fund Scion Asset Managementfrom stocking up on some positions likely to be hit hard by a downturn. By using this site, you are agreeing to security monitoring and auditing. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. I was damned sure I was going to pay it off.. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. What does this mean? What percentage of income does your firm receive from fees versus commissions? Also, the article may contain affiliate links. What does this mean? Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. He also urged investors to liquidate their stocks. With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com's Trust Score algorithm or review process. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. And JD.com is in a similar situation, being 57% below its peak in February 2021. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. How do these benefits affect the firms selection of a broker-dealer partner? Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. While partners may pay to provide offers or be featured, e.g. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. 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Will anyone that was involved be involved with my accounts in any capacity? Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. 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. The author may be long one or more stocks mentioned in this report. What does this mean? Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. [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. Wolverine World Wide, Inc. (US:WWW) Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. See the Top Performing Hedge-Funds > Michael Burry . 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. All rights reserved. 100.0% Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. 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. It's not hard.". 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. Filing Date. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. What does this mean and why is this important? Top 50 Scion Asset Management Holdings . Read through our introductory course to financial advisors. What happened? "[20], Glimpses were offered into Scion's portfolio with 13Fs filed from the 4th quarter of 2015 through the 3rd quarter of 2016, as required by the SEC when fund holdings top $100 million. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Firm can legally elect to accept commissions for their investment advisory services. Portfolio Gain +257.56%. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Unlike HTTPS connections, HTTP connections are not encrypted. 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. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. The advisory also believes in using fundamental analysis methods to assess . 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. 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. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. 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. By the end of 2004, he was managing $600 million and turning money away. 1,517,790 additional shares. Checks take place monthly. Thanks for supporting the Wall Street Memes). Saratoga, CA 95070. These filings are called "notice filings". Thank you for your interest in the U.S. Securities and Exchange Commission. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. Firm or an affiliate actively engages in business as a law firm or lawyer. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Questions to ask [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Scion Asset Management, LLC Portfolio Never miss a trade. What does this mean and why is it important? While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. Our system found no disciplinary alerts. 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. SEC Form 13F Filing History. 1001 and 1030). Eventually Burry closed his fund and retired. Reference ID: 0.35841402.1677949840.1dcfc4e. Performance. The Scion Group is the largest owner/operator of off-campus student housing communities globally. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Relative to the previous quarter there was a little reshuffling of his holdings. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. What does this mean? This could also limit the number and diversity of investment options available and may impact their transferability. What does this mean? If you require advice in relation to any financial matter you should consult an appropriate professional. Latest Holdings, Performance, AUM (from 13F, 13D). What does this mean and why is this important? 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. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. 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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 means they effectively own 0.6% of the company. A good way to understand Burry's thinking and Scion Asset Management's . 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. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Average metrics of all companies in portfolio . 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. Questions to ask There are currently 6 companies in Mr. Burrys portfolio. GameStop Corp. 625 Westport Parkway. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Description. 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. 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 purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Currently, their heaviest sector is Real Estate making up 53.2% of He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. 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. Here's what investors need to know about Michael Burry's long positions. Note: 13F filing performance is different than fund performance. Please send any feedback, corrections, or questions to support@suredividend.com. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Researcher and operations manager at DM Martins Research. SkyWest, Inc. (US:SKYW) In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. , 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 . Greenhaven Associates Updated 10 Jan 2023. Terms of Use | Disclaimers | Privacy Policy. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. For more information, please see the SECs Web Site Privacy and Security Policy. What conflicts arise from this relationship? The company has been growing rapidly over the past few years while retaining compelling profitability levels. 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. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. 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 . These partnerships do not influence editorial content. [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. The total portfolio value may be much higher due to cash Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. What does this mean? Scion Asset Management's Portfolio - All 9 Public Equity Investments. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Questions to ask Yes or Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . 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). approximately 0.1% of the total holdings 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. And we will have another inflation spike. 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. JD.com, Inc. (US:JD) In addition, the fund holds 5,000,000 shares of . But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority.
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