scion asset management

$41.4 million and $41.2 million respectively. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. It charges an asset-based management fee that can be as high as 2% per year, while it may also take up to 20% of the value of the appreciation from each clients account. The Board of Directors. 223.17% 10-Year Performance. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Strategies arent specified: There isnt a lot of specificity provided . We know that he's recently bought big on Geo Group (), despite its less-than-stellar performance of late.However, his other picks might surprise you. Questions to ask Saratoga, CA 95070. Stocks with a size of more than $10 billion in market cap make up 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. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Here's what investors need to know about Michael Burry's long positions. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. The turnover rate is 70%. What conflicts arise from this relationship? This value is significant in that it is the last known price at which the security was still held. When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Others say the plan is too costly and burdensome on taxpayers. 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. What does this mean and why is it important? Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Apply for Trusted badge. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market [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. There are 3 companies that go by the name of Scion Asset Management, LLC. 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. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. Bill Ackman's: Pershing Square Capital Management. Portfolio Gain +257.56%. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Currently tracking portfolios of 77 superinvestors. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Scion Asset Management 13F annual report. Portfolio 9 Options 0 Performance. These conflicts can negatively impact clients via hidden fees and overall higher costs. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. 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. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Top 50 Scion Asset Management Holdings . Questions to ask 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. What does this mean and why is it important? Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. Questions to ask For the most up-to-date information, please view the applicable SEC and FINRA reports above. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. 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. 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Scion Asset Management Q4 '22 Top Holdings (Author Spreadsheet 13F Data) Largely unrelated to one's personal attitude or opinion of Michael Burry, there are few 13F's in the industry that are more . This relationship may introduce bias where a firm or related person recommends certain securities with which they are affiliated, rather than others that may have higher returns. 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 Medical Center. For further detail, see our articles on different types of advisors and financial advisor services. Portfolio manager(s) are listed as Michael Burry. 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. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. This could be detrimental to a client during down markets. 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. in 2008. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. "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. Does your firm perform side-by-side management? Scion Asset Management Holdings Heatmap . What does this mean? Published on February 27th, 2023 by Nikolaos Sismanis. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 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). Our partners compensate us through paid advertising. Does your firm offer mutual funds that have 12b-1 fees? The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. What does this mean? A good way to understand Burry's thinking and Scion Asset Management's . The average market cap of the portfolio companies is close to $2.02 billion. Why does your firm believe in offering commission-based services to clients? T. Black Knight offers blended software, data, and analytics solutions all over the globe. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. This means they effectively own 0.6% of the company. He also urged investors to liquidate their stocks. Is your firm affiliated with a law firm in any capacity? By the end of 2004, he was managing $600 million and turning money away. Click the link icon to see the full transaction history. What does this mean? FINRA data last verified February 17, 2023. Unlike HTTPS connections, HTTP connections are not encrypted. 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. All Scion Asset Management, LLC holdings are listed in the following tables. 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. All rights reserved. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! What does this mean? [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. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. Here's how we make money. Qurate Retail Inc makes up Bruce Berkowitz's: Fairholme Capital Management. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Is your firm a broker-dealer or are you affiliated with one? 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. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. 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 . Written by investor.com. We've received your submission. 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. [30], Burry is married, with children, and was living in Saratoga, California in 2010. Read through our introductory course to financial advisors. 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. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. Scion was up 55%. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Financial plans and investment portfolios are always unique to the client's personal financial situation. Here you can find the latest trades based on Burry's 13F filings and insider trades. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. See the Top Performing Hedge-Funds > Michael Burry . Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. These filings are called "notice filings". They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. As a result, the company will soon be able to self-fund its growth and overall operations. Scion has $638,901,404 assets under management (AUM). The investment fund's only holding now is The . 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. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. For more information, please see the SECs Web Site Privacy and Security Policy. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. 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. , He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Black Knight Inc (US:BKI) What does this mean? These partnerships do not influence editorial content. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. When? Keep reading this article to learn more about Scion Asset Management. The investment fund also strengthened its position in Geo by buying 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. What does this mean? 1,", "A Primer on Scion Capitals Subprime Mortgage Short", "Scion Asset Management - Quarterly Holdings Reports", https://en.wikipedia.org/w/index.php?title=Michael_Burry&oldid=1136913298, University of California, Los Angeles alumni, Vanderbilt University School of Medicine alumni, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 February 2023, at 20:47. We reserve the right to block IP addresses that submit excessive requests. Firm performs side-by-side management with accounts that have differing fee structures. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . What does this mean? Geo dropped approximately 0.1% in the past year. 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? Investors profit from puts when the . How does your firm approach insurance sales? Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. Scion Asset Managements portfolio is diversified across 5 sectors. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Most recent portfolio value is calculated to be $ 46,536,925 USD. What does this mean? In response, Alibaba has been repurchasing stock in bulk. The GEO Group Inc (US:GEO) , 1001 and 1030). The Scion Group is the largest owner/operator of off-campus student housing communities globally. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Yes or Point72 Asset Management . 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. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. There are currently 6 companies in Mr. Burry's portfolio. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. 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 . On February 14, Michael Burry filed his company's holdings report with the SEC. He then left to start his own hedge fund. 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. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. the total portfolio value. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. What does this mean? '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. 18951. Here's what investors need to know about Michael Burry's long positions. 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. The total portfolio value may be much higher due to cash subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. 347 Followers. The impact to a portfolio due to this purchase was 0.65%. Scion Asset Management LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. Founded in 2018 as an unbiased resource empowering consumers to research and compare financial advisory firms, investor.com today gives consumers the tools to make smart money decisions about credit, retirement planning, and more. [9] While off duty at night, he worked on his hobby: financial investing. What conflicts do I need to be made aware of? I was damned sure I was going to pay it off.. Fintel is a registered trademark. 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.