scion asset management scion asset management

He also urged investors to liquidate their stocks. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. 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. Warren Buffett's: Berkshire Hathaway. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. 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. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). What conflicts arise from this relationship? 100.0% . Alibaba is down 71% from its October 2020 peak. Qurate Retail Inc makes up SkyWest, Inc. (US:SKYW) He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Published on February 27th, 2023 by Nikolaos Sismanis. Also, the article may contain affiliate links. By Steve Burns. Operating as an online business, this site may be compensated through third party advertisers. [17] He subsequently liquidated his company to focus on his personal investments. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. How do these benefits affect the firms selection of a broker-dealer partner? Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. 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. 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. Steven Cohen's: Point72 Asset Management. 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. Will His AI Plans Be Any Different? The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. 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. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. 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. Black Knight Inc (US:BKI) Scion Asset Management is headquartered in Saratoga, California. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Investor.com is your trustworthy guide to the world of personal finance. Will anyone that was involved be involved with my accounts in any capacity? Our partners compensate us through paid advertising. Michael Burry is head of Scion Asset Management. However, Burry is also known to take an approach that often contradicts what the broad market dictates. Greenhaven Associates Updated 10 Jan 2023. I cover the recent 13F filings and the logic behind Michael Burry's po. Heejin Kim and Myungshin Cho (29 August 2019). The fund only has four clients. Burry has a strictly traditional understanding of value. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. , Firm or an affiliate actively engages in business as a law firm or lawyer. The stock is now traded at around $14.430000. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Wolverine World Wide, Inc. (US:WWW) Description. SCION ASSET MANAGEMENT, LLC. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. the total portfolio value. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. 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. 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. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Thanks for supporting the Wall Street Memes). Scion Asset Management, LLC Portfolio Never miss a trade. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. 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. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. 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. approximately 0.1% of the total holdings value. [] What does this mean and why is it important? Keep reading this article to learn more about Scion Asset Management. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. In total, Scion Asset Management manages $291.7 million in assets. The investment fund's only holding now is The . 1,517,790 additional shares. This means they effectively own 0.6% of the company. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. For further detail, see our articles on different types of advisors and financial advisor services. Terms of Use | Disclaimers | Privacy Policy. I was damned sure I was going to pay it off.. The Scion Asset Management office and employees reside in Saratoga, California. 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: Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. 0001567619-21-015632. Scion Asset Management Review. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. In his words: All my stock picking is 100% based on the concept of a margin of safety.. 1001 and 1030). These positions were updated on November 14th based on the funds latest 13F filing. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. 20665 4th Street, Suite 201. Interestingly enough, when Dr. Burry had to pay for the credit default swaps, he experienced an investor revolt, as some investors in his fund feared his prophecy was inaccurate, requesting to withdraw their funds. 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? 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. Participation in the Certification program, including the payment of an annual fee to investor.com, does not guarantee or in any way bias investor.com's decision to award "Trusted by investor.com" status, and "Trusted by investor.com" status shall not constitute or be construed as an endorsement of any firm by investor.com. Questions to ask We use the change in the portfolio allocation because this is the most meaningful metric. While partners may pay to provide offers or be featured, e.g. Portfolio manager(s) are listed as Michael Burry. And we will have another inflation spike. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. These partnerships do not influence editorial content. What does this mean and why is this important? He looks for investments in undervalued companies with strong long-term prospects. 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. This value is significant in that it is the last known price at which the security was still held. How does your firm mitigate them? Scion Asset Managements portfolio is diversified across 5 sectors. 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. 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. What does this mean? Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. : DE | Fiscal Year End: 1231. 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). Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. After more than two years, on February 14, 2019, Scion Asset Management filed another 13F, showing Burry to hold numerous large-cap stocks and $103,528,000 13F assets under management, just above the threshold for filing. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. 18951. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. 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. All Scion Asset Management, LLC holdings are listed in the following tables. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. 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 . [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. 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. , 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. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. In response, Alibaba has been repurchasing stock in bulk. This means they effectively own 0.6% of the company. What does this mean and why is this important? "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. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. 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. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. What does this mean? Should I Hire a Financial Advisor or DIY It? Scion has $638,901,404 assets under management (AUM). Common Stock (US:US19247G1076) Dr. Burry It is now the funds second-largest holding, accounting for 18.3% of its holdings. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. 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. Upgrade to unlock premium data and export to Excel . What does this mean and why is it important? Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Financial plans and investment portfolios are always unique to the client's personal financial situation. Common Stock (US:US19247G1076) On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. [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. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . [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]. Any data inaccuracies, please contact our team. Questions to ask 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. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. The current portfolio value is calculated to be $47.00 Mil. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Saratoga, CA 95070. 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. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. Geo dropped approximately 0.1% in the past year. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. The Board of Directors. Hedge Fund Manager. These companies are located in Dover DE, Madison WI, and Saratoga CA. What does this mean? These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Questions to ask Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. , Scion Asset Management, LLC operates as an investment firm. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). (Disclaimers: this is not investment advice. 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. 340.15% 5-Year Performance. His analysis resulted in him shorting the market by convincing Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as weak. 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. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. Chase Coleman's: Tiger Global Management. More than 90% of the beds are located in the US. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. , whose value fell approximately 0.1% in the past six months. 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. SEC Form 13F Filing History. 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. 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. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's .