of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. Which securities does your firm trade for itself that it will also be recommending to me? According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information However, Burry is also known to take an approach that often contradicts what the broad market dictates. The firm's website is not secure by modern internet standards. Operating as an online business, this site may be compensated through third party advertisers. 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. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Can I Invest In Scion Asset Management - InvestmentProGuide.com Scion Asset Management is headquartered in Saratoga, California. 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. Michael Burry . How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? What does this mean and why is this important? DATAROMA Superinvestors Portfolio Holdings What does this mean? Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Scion Asset Management General Information. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). For the most up-to-date information, please view the applicable SEC and FINRA reports above. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. 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. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Firm can legally elect to accept commissions for their investment advisory services. Our system found no disciplinary alerts. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. 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. 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 . The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. The latest quarterly filing from Scion Asset ManagementMichael Burry's firmshows no bearish bets against the electric-vehicle giant Tesla The loss of a notable bear appears to be giving . 0001567619-21-015632. Hedge funds are required to report only their long positions, not their short positions. 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. 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. Michael Burry's Scion hedge fund disclosed holdings for first time in 2 Read through our introductory course to financial advisors. Address: 20665 4th Street Suite 201. Relative to the previous quarter there was a little reshuffling of his holdings. . The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Regulatory disclosures state that firm sells proprietary investments and products. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Scion Asset Management Holdings Heatmap . In January, Burry made predictions for an economic downturn in 2023. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Published on February 27th, 2023 by Nikolaos Sismanis. 2015-2023 Fintel Ventures LLC. The GEO Group Inc (US:GEO) How many times did it occur? Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. in 2008. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. MGM Resorts International (US:MGM) And JD.com is in a similar situation, being 57% below its peak in February 2021. What does this mean? 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. SCION ASSET MANAGEMENT - The Economic Times Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Scion Asset Management Review - MagnifyMoney With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. What does this mean? The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. He has Rusyn ancestry. , 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. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. The firm may also use leverage and derivative strategies to increase the rate of client success. 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. Yes or In addition, the fund holds 5,000,000 shares of . 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. They manage 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 . 0001567619-21-010281.txt. No. Michael Burry's Scion Asset Management Buys 5 Stocks in the - Yahoo! Since Jun 2013. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. 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. What does this mean and why is it important? Common Stock (US:US19247G1076) Some firms receive these fees as payments, which creates an incentive to promote them. The current portfolio value is calculated to be $47.00 Mil. 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 . Please send any feedback, corrections, or questions to support@suredividend.com. He had already developed a reputation as an investor by demonstrating success in value investing, which he wrote about on message boards on the stock discussion site Silicon Investor beginning in 1996. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. 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. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. What does this mean and why is it important? Others say the plan is too costly and burdensome on taxpayers. Investors profit from puts when the . There are 3 companies that go by the name of Scion Asset Management, LLC. Wolverine World Wide, Inc. (US:WWW) What does this mean and why is this important? 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. 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. So is Burry less bearish on the U.S. economy than he was last year? Burry has a strictly traditional understanding of value. Does your firm offer mutual funds that have 12b-1 fees? Nothing on this website constitutes, or is meant to constitute, advice of any kind. 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. 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. 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. How does your firm mitigate them? He then left to start his own hedge fund. He only looks for their undervalued elements, regardless of their sector and class. 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. 'Big Short' fund manager Burry dumps portfolio, buys prison stock In total, Scion Asset Management manages $291.7 million in assets. Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. [4] As a teenager, he attended Santa Teresa High School. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Questions to ask Whoopi Goldberg admits 'politics got in the way' of COVID- REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, US home prices just did something they haven't done since 2012, JPMorgan Chase requires some workers give 6 months notice before quitting, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Rebel Wilson says Meghan Markle isnt as naturally warm as Prince Harry, Kristen Doute supports Ariana Madix amid mutual ex Tom Sandovals scandal, Celeb-loved jewelry brand Dorsey drops dazzling new styles, March 4, 1984: Martina Navratilova defeats Chris Evert at MSG, Tom Sandoval breaks silence on Ariana Madix split amid cheating claims, Canadian teacher with size-Z prosthetic breasts placed on paid leave. JD.com, Inc. (US:JD) 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. Reference ID: 0.35841402.1677949840.1dcfc4e. Scion Asset Management, LLC 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. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. When he was younger, he noticed that it took him a lot of energy to look people in the eye, and said, "If I am looking at you, that's the one time I know I won't be listening to you". Greenhaven Associates Updated 10 Jan 2023. By the end of 2004, he was managing $600 million and turning money away. [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. Here's how we make money. Scion has $638,901,404 assets under management (AUM). Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. The Scion Asset Management manager revealed the purchase of seven new Scion Asset Management Holdings Heatmap . During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. More than 90% of the beds are located in the US. and For more information, contact opendata@sec.gov. 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. Cathie Wood says Michael Burry doesn't understand innovation space Currently, Scion Asset Management's portfolio is worth at least $41.3 million. 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 . John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Here's what investors need to know about Michael Burry's long positions. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. What does this mean? While many fund managers and successful investors such as Cathie Wood are talking about their ideas several times a week in the news, Burry is more quiet. 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. Ranked #44 out of 483 Hedge Fund Managers. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Ray Dalio's: Bridgewater Associates. What does this mean and why is it important? Point72 Asset Management . WRITE REVIEW. Eventually Burry closed his fund and retired. Bruce Berkowitz's: Fairholme Capital Management. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Nevertheless, it is Dr. Burrys legendary plays prior to the Great Financial Crisis, and the massive returns that followed that pushed his name into the international spotlight. The Scion Asset Management office and employees reside in Saratoga, California. 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. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. Red rows indicate closed positions. approximately 0.1% of the total holdings value. PDF Form Adv - Sec By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). EDGAR Filing Documents for 0001567619-21-010281 - SEC The author may be long one or more stocks mentioned in this report. Firm or a related person trades securities for themselves that they also recommend to their clients. 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? When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. Firm or an affiliate actively engages in business as a law firm or lawyer. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. We use the change in the portfolio allocation because this is the most meaningful metric. 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's new purchases consist of . What does this mean and why is it important? Written by investor.com. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Link to 13F filings: SEC filings. SEC Form 13F Filing History. Scion Asset Management's public equity portfolio is heavily concentrated. Scion Asset Management Review. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Note: We do not offer technical support for developing or debugging scripted downloading processes. 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. Why has Burry, who is bearish on the . 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. 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 . Keep reading this article to learn more about Scion Asset Management. Questions to ask That would put the U.S. in a recession under "any definition.". After attending medical school, Dr. Burry left to start his own hedge fund in 2000. These companies are located in Dover DE, Madison WI, and Saratoga CA. Black Knight Inc (US:BKI) Dr. Burry 340.42% 1Y 3Y 5Y 10Y. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. Scion Asset Management, LLC - Filing History - Michael Burry - Fintel Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle Questions to ask Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History are based in the United States. Bill Ackman's: Pershing Square Capital Management. . Michael Burry has been on a buying spree lately. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. 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. . Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . , Scion Asset Management 13F annual report (2023) | wallmine 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. Scion Asset Management, LLC's top holdings are And it is notwater is political, and litigious. 'Big Short' Michael Burry Invested Twice in Bed Bath & Beyond Stock For more information, please see the SECs Web Site Privacy and Security Policy. SCION ASSET MANAGEMENT, LLC | LinkedIn Scion Asset Management, LLC operates as an investment firm. Michael Burry | Scion Asset Management Profile - TipRanks.com Guinea Sets Two-Week Deadline for Alumina Plants Projects, RAF Jets Escort Plane in Distress to Stansted Airport, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows, Rivian Tells Staff EV Output May Be 24% More Than Forecast, VW Will Build a $2 Billion Electric Truck and SUV Plant in South Carolina, Meta Cuts the Price of Its Quest Headset Up to 33% After Disappointing Demand, John Malone andCharter Directors Agree to $87.5 Million Settlement, Apples Cloud Chief to Leave, Adding to Wave of Departures, Congo President Tells Macron Conflict in East May Delay Election, Anti-ESG Crusader Wants to Take Trumps Agenda to Next Level, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Hedge Fund and Insider Trading News: Michael Burry, Bridgewater Musk Made a Mess at Twitter. , The investing legend was one of the first people to recognize the massive risk in the pre-2007 sub-prime real estate market the then unknown money manager bet over $1 billion that sub-prime would implode. Scion asset management - What are they investing in Right Now? Top 10 Stocks Held By Scion Asset Management LLC has disclosed 9 total holdings in their latest SEC filings. About Us - Scion Advisory Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. Burry even ended up selling 99% of his positions in 2022, including Alphabet (GOOGL) - Get Free Report, Warner Bros Discovery (WBD) - Get Free Report, and Meta (META) - Get Free Report, leaving only his position in GEO Group. If you require advice in relation to any financial matter you should consult an appropriate professional. Updated 05 Jan 2023. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities.
