scion asset management

The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History 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. Questions to ask To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 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. That would put the U.S. in a recession under "any definition.". 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. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Michael Burry is an American investor, and hedge fund manager. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Why does your firm believe in offering commission-based services to clients? Top 50 Scion Asset Management Holdings . The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. Questions to ask We have concerns regarding capital management at . in 2008. At 06/30/2022: $3,309. 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. For the most up-to-date information, please view the applicable SEC and FINRA reports above. * Reported Price is the price of the security as of the portfolio date. [18][16], In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser (ERA) active in the state of California and approved by the SEC. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Common Stock (US:US19247G1076) February 17, 2023. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. Reference ID: 0.35841402.1677949840.1dcfc4e. Wolverine World Wide, Inc. (US:WWW) 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. Louis Bacon's: Moore Capital Management. The firm's website is not secure by modern internet standards. Firm or an affiliate actively engages in business as a law firm or lawyer. The firm prefers to employ long/short, market neutral, and activist strategies. approximately 0.1% of the total holdings value. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. Hedge Fund Manager. The investment fund's only holding now is The . The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. 340.42% 1Y 3Y 5Y 10Y. 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". Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 340.15% 5-Year Performance. David Einhorn's: Greenlight Capital. This form was filed on 2023-02-14 for the reporting period 2022-12-31. Questions to ask Performance. What does this mean? Here you can find the latest trades based on Burry's 13F filings and insider trades. 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. $41.4 million and $41.2 million respectively. The firm may also use leverage and derivative strategies to increase the rate of client success. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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). As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. 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. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. 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. 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. For further detail, see our articles on different types of advisors and financial advisor services. I was damned sure I was going to pay it off. 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. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. "Here's the story of one of the heroes of 'The Big Short', "The True Story Behind The Big Short - Real Michael Burry", The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History, "Mercury News Interview: Hedge fund manager saw subprime meltdown coming", "These Doctors Mean Business," Whitney, Kathy, Medicine (Vanderbilt School of Medicine), Summer 2014, "Learning From Dr. Michael Burry's Investment Philosophy", "Michael Burry Profiled: Bloomberg Risk Takers", "I Saw the Crisis Coming. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. The current portfolio value is calculated to be $47.00 Mil. Firm or related person receives soft-dollar benefits in connection with client securities transactions. 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. Red rows indicate closed positions. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. 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. 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. Ray Dalio's: Bridgewater Associates. The turnover rate is 70%. This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. The fund only has four clients. The hedge fund exited positions including Alphabet Inc. and Facebook . What percentage of income does your firm receive from fees versus commissions? [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. , 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. Investors following the companys 13F filings over the last 3 years (from mid-February 2020 through mid-February 2023) would have generated annualized total returns of 51.4%. Scion Asset Management, LLC's new positions include When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. 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 . 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. Currently, their heaviest sector is Real Estate making up 53.2% of Portfolio value: $46M+ Period: 2022 Q4. 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. GameStop Corp. 625 Westport Parkway. He has 25 years of experience as a finance and accounting executive, having served major private and public real estate firms as chief accounting officer, chief financial officer and senior vice president of strategic initiatives. What does this mean? He has warned a severe recession on several occasions over the last year. . By Steve Burns. These filings are called "notice filings". Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Upgrade to unlock premium data and export to Excel . Portfolio manager(s) are listed as Michael Burry. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Michael Burry . 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. Will any of my assets be invested in those products? These partnerships do not influence editorial content. Firm can legally elect to accept commissions for their investment advisory services. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. 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. 1,517,790 additional shares. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Investor.com is your trustworthy guide to the world of personal finance. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Note: 13F filing performance is different than fund performance. Terms of Use | Disclaimers | Privacy Policy. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. 347 Followers. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Qurate Retail Inc makes up Geo dropped approximately 0.1% in the past year. What does this mean? Warren Buffett's: Berkshire Hathaway. 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 . 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. His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. Questions to ask This website is provided as is without any representations or warranties, express or implied. [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. Michael J. Burry is known by most as the Big Short investor due to the eponymous movie revolving around himself and his story during the days of the Great Financial Crisis, a role played by Christian Bale. 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. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. , Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Geo dropped approximately 0.1% in the past year. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. What does this mean and why is it important? In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Michael Burry of Scion Asset Management. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. It would appear that Burry is betting that China will rebound. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Should I Hire a Financial Advisor or DIY It? Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which Grapevine, TX 76051. Questions to ask . Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. So is Burry less bearish on the U.S. economy than he was last year? 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. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. 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. The author may be long one or more stocks mentioned in this report. Is your firm affiliated with a law firm in any capacity? Burry has a strictly traditional understanding of value. Please provide me a list of the products and a summary of how much your firm earns from them. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). What does this mean? Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. What does this mean? Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. 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 . What does this mean? 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. Our system found no disciplinary alerts. Researcher and operations manager at DM Martins Research. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Does your fim accept soft-dollar benefits? A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. What does this mean and why is it important? Saratoga, CA 95070. ", "Why Is Michael Burry Investing In Water? 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: Regulatory disclosures state that firm sells proprietary investments and products. What does this mean? Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Bloomberg via Getty Images. Eventually Burry closed his fund and retired. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). What does this mean? It's not hard.". EXHIBIT C. July 28, 2019. 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. In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Common Stock (US:US19247G1076) Checks take place monthly. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). psychologist wellington anxiety, chp academy schedule,

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