scion asset management

The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Keep reading this article to learn more about Scion Asset Management. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . We have concerns regarding capital management at . 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 . 2021-08-16. Financial plans and investment portfolios are always unique to the client's personal financial situation. The stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. 2023 Reink Media Group LLC. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. All rights reserved. On this Wikipedia the language links are at the top of the page across from the article title. As a result, we do not support personal reviews on the site. The total portfolio value may be much higher due to cash 0001567619-21-015632. [14][15][16], During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. Investors profit from puts when the . [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. financing, asset management, . And we will have another inflation spike. 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. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History 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. What does this mean? What does this mean? Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Black Knight Inc (US:BKI) "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. However, Burry is also known to take an approach that often contradicts what the broad market dictates. The firm may also use leverage and derivative strategies to increase the rate of client success. What does this mean? BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. Based in Saratoga, Calif., Scion has just six employees, two of whom . He has warned a severe recession on several occasions over the last year. How do we make money? Description. Firm's/Financial Professional's investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. Louis Bacon's: Moore Capital Management. Wolverine World Wide, Inc. (US:WWW) Regulatory disclosures state that firm sells proprietary investments and products. the total portfolio value. What's Michael Burry Been Buying Lately? - TipRanks.com Here's what investors need to know about Michael Burry's long positions. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Firm performs side-by-side management with accounts that have differing fee structures. What does this mean and why is it important? Scion Asset Management's public equity portfolio is heavily concentrated. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Michael Burry Stock Portfolio 2023 - Scion Asset Management Holdings 13F Is your firm affiliated with a law firm in any capacity? Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Michael Burry is an American investor, and hedge fund manager. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. Why doesnt your firm use a secure website? 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. SCION ASSET MANAGEMENT, LLC | LinkedIn . In his words: All my stock picking is 100% based on the concept of a margin of safety.. Scion employs over 1,750 team members and has over $9 billion of assets under . : 000000000 | State of Incorp. , Questions to ask Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. SCION ASSET MANAGEMENT, LLC. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. These conflicts can negatively impact clients via hidden fees and overall higher costs. Strategies arent specified: There isnt a lot of specificity provided . Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. There are currently 6 companies in Mr. Burrys portfolio. Scion Asset Management, LLC's new positions include Please declare your traffic by updating your user agent to include company specific information. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in How does your firm mitigate them? 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. Following the massive triumph he experienced by successfully predicting the subprime mortgage crisis of 2007-2008, Dr. Michael Burry has grown into a living legend in the world of finance. 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Geo dropped approximately 0.1% in the past year. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Scion Asset Management LLC - Company Profile and News [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. Visit Site, Is this your firm? 408-441-8400 Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. 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. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Profitability has also been weak. 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. 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. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Link to 13F filings: SEC filings. Heejin Kim and Myungshin Cho (29 August 2019). Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Scion Asset Management Review. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. 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. What does this mean and why is this important? He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. 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. Charlie Munger - Daily Journal Corp. In response, Alibaba has been repurchasing stock in bulk. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. There are currently 6 companies in Mr. Burry's portfolio. Questions to ask Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time. He has said, "Fresh, clean water cannot be taken for granted. This could also limit the number and diversity of investment options available and may impact their transferability. Chase Coleman's: Tiger Global Management. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Operating as an online business, this site may be compensated through third party advertisers. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). DATAROMA Superinvestors Portfolio Holdings 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. How does your firm approach insurance sales? Scion Asset Management Review 2023 | investor.com 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's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. These companies are located in Dover DE, Madison WI, and Saratoga CA. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Any data inaccuracies, please contact our team. The firm prefers to employ long/short, market neutral, and activist strategies. What does this mean? With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. February 17, 2023. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. Published on February 27th, 2023 by Nikolaos Sismanis. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. $48 Million Michael Burry Portfolio / Scion Asset Management, LLC So is Burry less bearish on the U.S. economy than he was last year? Cathie Wood says Michael Burry doesn't understand innovation space He only looks for their undervalued elements, regardless of their sector and class. 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. [6], According to his website, Burry liquidated his credit default swap short positions by April 2008 and did not benefit from the bailouts of 2008 and 2009. Scion Asset Management, LLC - Filing History - Michael Burry - Fintel 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. Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. 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. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. Scion has $638,901,404 assets under management (AUM). Please see our General Disclaimers for more information. For more information, contact opendata@sec.gov. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). What does this mean? A quarter of the portfolio is made up of consumer discretionary companies. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. What does this mean and why is it important? Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? And it is notwater is political, and litigious. Yes or Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. 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 . 12.25% 3-Year Performance. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Michael Burry's Scion hedge fund disclosed holdings for first time in 2 Firm or an affiliate actively engages in business as a law firm or lawyer. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Thanks for supporting the Wall Street Memes). Researcher and operations manager at DM Martins Research. What does this mean? | Investormint", "EDGAR Filing Documents for 0001567619-19-004198", The Big Shorts Michael Burry Sees a Bubble in Passive Investing, "Michael Burry Portfolio / Scion Asset Management, LLC Holdings", "Michael Burry tweet, Dec. 1, 2020 (Internet Archive)", "Michael Burry of 'The Big Short' reveals a $530 million bet against Tesla", "Michael Burry of 'Big Short' Bets Against Cathie Wood's ARKK", "Author Michael Lewis on Wall Street's Delusion", "Legendary Investor Leaves Twitter, Lists 8 Metal Bands in Bio", "Where 'The Big Short's Michael Burry Is Today", "Michael Burry: Subprime Short-Seller No. What does this mean and why is it important? SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. 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. , Will any of my assets be invested in those products? . By using this site, you are agreeing to security monitoring and auditing. Follow Tweet. Scion Asset Management, LLC Portfolio Never miss a trade. He then left to start his own hedge fund. Michael Burry reveals new stock bets after previously dumping entire 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. What does this mean? Checks take place monthly. Quickly find out what the most recently closed or increased positions are. [30], Burry is married, with children, and was living in Saratoga, California in 2010. The majority of the companies in the funds portfolio are large-cap stocks. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Investor.com is your trustworthy guide to the world of personal finance. Hedge funds are required to report only their long positions, not their short positions. He also urged investors to liquidate their stocks. 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. Portfolio value: $46M+ Period: 2022 Q4. As InvestorPlace's Eddie Pan reported on Aug. 15, Burry's firm Scion Asset Management has sold all of its U.S.-listed positions except for one GEO. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Burry predicted, "Fed will cut and government will stimulate. That would put the U.S. in a recession under "any definition.". Ray Dalio's: Bridgewater Associates. Questions to ask More than 90% of the beds are located in the US. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. 0001567619-21-010281.txt. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. However, Dr. Burry has a much broader track record in the investing world. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. "[12], After shutting down his website in November 2000, Burry started the hedge fund Scion Capital, funded by an inheritance and loans from his family. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Qurate Retail Inc makes up 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. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Firm or related person receives soft-dollar benefits in connection with client securities transactions. What does this mean? The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. The impact to a portfolio due to this purchase was 0.65%. In addition, the fund holds 5,000,000 shares of . Latest Holdings, Performance, AUM (from 13F, 13D). The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. 18951. What does this mean? These positions were updated on November 14th based on the funds latest 13F filing. Relative to the previous quarter there was a little reshuffling of his holdings. This means they effectively own 0.6% of the company. [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. Red rows indicate closed positions. The turnover rate is 70%. Scion Asset Management Investor Profile: Portfolio & Exits | PitchBook The hedge fund exited positions including Alphabet Inc. and Facebook . $41.4 million and $41.2 million respectively. Alibaba Group Holding Limited ADR (US:BABA) 1-Year Performance. Scion asset management - What are they investing in Right Now? Scion Asset Management currently serves clients in the following states: CA, TN. $48.3 Million Total portoflio value. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Stocks and cryptocurrency portfolio tracker. , 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. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Average metrics of all companies in portfolio . A good way to understand Burry's thinking and Scion Asset Management's . Burry followed up his warning by detailing his own experience with student debt. Does your firm offer mutual funds that have 12b-1 fees? At 06/30/2022: $3,309. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. Can I Invest In Scion Asset Management - InvestmentProGuide.com Form 13F is required to be filed within 45 days of the end of a calendar quarter. GameStop Corp. 625 Westport Parkway. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. 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. That said, the company has navigated these challenges quite competently, which, combined with its deep-value characteristics, explained why Dr. Burry has bet heavily on The GEO Group. 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. Reference ID: 0.35841402.1677949840.1dcfc4e. 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. He quickly earned extraordinary profits for his investors. This form was filed on 2023-02-14 for the reporting period 2022-12-31. 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. Currently, their heaviest sector is Real Estate making up 53.2% of Others say the plan is too costly and burdensome on taxpayers. SEC Form 13F Filing History. Ultimately, Burrys analysis proved right. What does this mean? PDF Form Adv - Sec 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. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. He looks for investments in undervalued companies with strong long-term prospects. 100.0% . Portfolio 9 Options 0 Performance. 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. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. What does this mean? Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech . It is now the funds second-largest holding, accounting for 18.3% of its holdings. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History FINRA data last verified February 17, 2023. Musk Made a Mess at Twitter. What does this mean and why is it important? Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel [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].

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