scion asset management

Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock According to the latest 13F filing from famed investor Michael J. Burry's Scion Asset Management, the hedge fund has added seven new stocks to its portfolio. 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. 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. In his words: All my stock picking is 100% based on the concept of a margin of safety.. Louis Bacon's: Moore Capital Management. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. [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. SEC Form 13F Filing History. Why doesnt your firm use a secure website? Bill Ackman's: Pershing Square Capital Management. 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. 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. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Terms of Use | Disclaimers | Privacy Policy. Geo dropped approximately 0.1% in the past year. While partners may pay to provide offers or be featured, e.g. Dr. Burry How do these benefits affect the firms selection of a broker-dealer partner? To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. He also urged investors to liquidate their stocks. 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 . The Scion Asset Management manager revealed the purchase of seven new document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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. 12.25% 3-Year Performance. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. 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. About Us - Scion Advisory 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. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Profitability has also been weak. Description. PDF Form Adv - Sec At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Greenhaven Associates Updated 10 Jan 2023. Point72 Asset Management . What does this mean? What does this mean? Bruce Berkowitz's: Fairholme Capital Management. Visit Site, Is this your firm? Alibaba Group Holding Limited ADR (US:BABA) Scion Asset Management. According to the latest 13F filing from famed investor Michael J. Burry's Scion Asset Management, the hedge fund has added seven new stocks to its portfolio. Home - sciens water For more information, contact opendata@sec.gov. Scion's current portfolio consists of nearly 82,000 beds of student accommodations in 126 communities, serving 76 college and university markets across 33 U.S. states. 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. Our Methodology. Scion Asset Management Holdings Heatmap . . Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry 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. Average metrics of all companies in portfolio . Scion Asset Management, LLC Holdings. "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. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. What does this mean and why is it important? Researcher and operations manager at DM Martins Research. All requests for updated information should also be reported directly to the SEC and/or FINRA. Should I Hire a Financial Advisor or DIY It? The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. His analysis resulted in him shorting the market by convincing Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as weak. Qualified participating firms must abide by investor.com Certification program's terms and conditions when utilizing an awarded "Trusted by investor.com" badge, as well as in connection with permitted enhancements to the firm's investor.com profile page. For instance, research has shown that mutual funds that use incentive fees take on more risk than funds that do not, and tend to double down and increase their risk following a poor performance. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. The GEO Group Inc (US:GEO) Thank you for your interest in the U.S. Securities and Exchange Commission. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Michael Burry is Betting Everything on These 6 Stocks We use the change in the portfolio allocation because this is the most meaningful metric. Scion Asset Management's public equity portfolio is heavily concentrated. The investment fund also strengthened its position in Geo by buying 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). These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Scion Asset Management Fund Performance History & Annualized Return Cathie Wood says Michael Burry doesn't understand innovation space 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. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Our partners compensate us through paid advertising. What happened? Will anyone that was involved be involved with my accounts in any capacity? 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 . Saratoga, CA 95070. are based in the United States. 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. : DE | Fiscal Year End: 1231. 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. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Questions to ask Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . IAPD - Investment Adviser Public Disclosure - Homepage Based in Saratoga, Calif., Scion has just six employees, two of whom . Ray Dalio's: Bridgewater Associates. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. and Current Michael Burry Portfolio 2021 Q1 Update - New Trader U 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. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Quickly find out what the most recently closed or increased positions are. Read through our introductory course to financial advisors. We have concerns regarding capital management at . DATAROMA Invest Alongside Superinvestors *SEC data last verified February 17, 2023. Investor.com is your trustworthy guide to the world of personal finance. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Scion Asset Management Holdings Heatmap . According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. [21] In August 2019, Bloomberg News quoted an email from Burry where he said there was a bubble in large US company stocks due to the popularity of passive investing, which "has orphaned smaller value-type securities globally". Scion's new purchases consist of . The Scion Group is the largest owner/operator of off-campus student housing communities globally. 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. What does this mean? [17] He subsequently liquidated his company to focus on his personal investments. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. If you require advice in relation to any financial matter you should consult an appropriate professional. , Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. Our system found no disciplinary alerts. Stocks with a size of more than $10 billion in market cap make up Here you can find the latest trades based on Burry's 13F filings and insider trades. , That would put the U.S. in a recession under "any definition.". SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 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. Musk Made a Mess at Twitter. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). 2023 NYP Holdings, Inc. All Rights Reserved, King of debt Joe Biden absurdly labels himself a deficit hawk, Teacher Randi Weingartens ignorant, anti-democratic rant, Bidens Ohio failure: Letters to the Editor March 2, 2023, Randi Weingarten has maniacal meltdown at student debt relief rally. 0001567619-21-015632. 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. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) 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. financing, asset management, . 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. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Here's what investors need to know about Michael Burry's long positions. Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. 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. Questions to ask Questions to ask Burry's trade that made him a legend was when he used derivatives to bet on a real estate market crash in 2008 which made him . Any data inaccuracies, please contact our team. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. He looks for investments in undervalued companies with strong long-term prospects. 2015-2023 Fintel Ventures LLC. Common Stock (US:US19247G1076) What's Michael Burry Been Buying Lately? - TipRanks.com Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). 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 13F annual report (2023) | wallmine 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 felony. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Scion Asset Management, LLC 1-Year Performance. Currently, their heaviest sector is Real Estate making up 53.2% of Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. 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. All rights reserved. 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. JD.com, Inc. (US:JD) On February 14, Michael Burry filed his company's holdings report with the SEC. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Scion asset management - What are they investing in Right Now? It is now the funds third-largest holding, accounting for 12.8% of its holdings. I cover the recent 13F filings and the logic behind Michael Burry's po. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. In fact, Dr. Burry had showcased such great stock-picking skills that he drew the interest of companies such as Vanguard, White Mountains Insurance Group, and renowned investors such as Joel Greenblatt. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq 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. Scion Asset Management, the firm of "The Big Short" investor Michael Burry, disclosed this week that during the fourth quarter of 2019, it closed its holding in Bed Bath & Beyond Inc. (NASDAQ:BBBY . Note: We do not offer technical support for developing or debugging scripted downloading processes. T. Black Knight offers blended software, data, and analytics solutions all over the globe. This form was filed on 2023-02-14 for the reporting period 2022-12-31. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Heejin Kim and Myungshin Cho (29 August 2019). Red rows indicate closed positions. These companies are located in Dover DE, Madison WI, and Saratoga CA. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. 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 . Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. 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