[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. What does this mean? The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Questions to ask 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. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? 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. Why doesnt your firm use a secure website? 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. [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. Questions to ask What does this mean? 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 following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. Scion Asset Management LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. Burry predicted, "Fed will cut and government will stimulate. On this Wikipedia the language links are at the top of the page across from the article title. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. * Reported Price is the price of the security as of the portfolio date. Scion employs over 1,750 team members and has over $9 billion of assets under . Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Please provide me a list of the products and a summary of how much your firm earns from them. Reference ID: 0.35841402.1677949840.1dcfc4e. (Disclaimers: this is not investment advice. 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. 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. The company has been growing rapidly over the past few years while retaining compelling profitability levels. $41.4 million and $41.2 million respectively. Visit Site, Is this your firm? Which securities does your firm trade for itself that it will also be recommending to me? Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. $48.3 Million Total portoflio value. Burry was born and grew up in San Jose, California. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. What does this mean and why is it important? Here's what investors need to know about Michael Burry's long positions. 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. FINRA data last verified February 17, 2023. ", "Why Is Michael Burry Investing In Water? Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. What does this mean and why is it important? Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History The majority of the companies in the funds portfolio are large-cap stocks. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Scion Asset Management's Portfolio - All 9 Public Equity Investments. Yes or Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. Based on his analysis of mortgage lending practices utilized in 2003 and 2004, he accurately forecasted that the real estate bubble would come tumbling by 2007. Researcher and operations manager at DM Martins Research. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. SkyWest, Inc. (US:SKYW) , What does this mean and why is this important? According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Form 13F is required to be filed within 45 days of the end of a calendar quarter. Scion Asset Management. These filings are called "notice filings". For further detail, see our articles on different types of advisors and financial advisor services. These conflicts can negatively impact clients via hidden fees and overall higher costs. tips_and_updates Financial Advisor Education. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-12-31. February 17, 2023. 1-Year Performance. 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. financing, asset management, . Competition has been eating the companys lunch for years, with Wolverine having a hard time sustaining its sales over the past decade, let alone growing them. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. It would appear that Burry is betting that China will rebound. 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. What does this mean? Performance. [19] He has focused much of his attention on investing in water, gold, and farm land. Is your firm a broker-dealer or are you affiliated with one? Updated 05 Jan 2023. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . David Einhorn's: Greenlight Capital. Alibaba Group Holding Limited ADR (US:BABA) | 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. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. MGM Resorts International (US:MGM) If you require advice in relation to any financial matter you should consult an appropriate professional. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Latest Holdings, Performance, AUM (from 13F, 13D). All requests for updated information should also be reported directly to the SEC and/or FINRA. Checks take place monthly. Dr. Burry In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Firm or related person receives soft-dollar benefits in connection with client securities transactions. Terms of Use | Disclaimers | Privacy Policy. In addition, the fund holds 5,000,000 shares of Qurate Retail Inc worth $10.1 million, whose value fell approximately 0.1% in the past six months. [] Here's what investors need to know about Michael Burry's long positions. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. 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. We have concerns regarding capital management at . To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. What does this mean? Does your fim accept soft-dollar benefits? He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Scion Asset Management, LLC operates as an investment firm. As a result, the company will soon be able to self-fund its growth and overall operations. 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. Firm or an affiliate actively engages in business as a law firm or lawyer. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Scion Asset Management Holdings Heatmap . Scion Asset Management 13F annual report. Our system found no disciplinary alerts. Does your firm, or anyone associated with the firm, practice as a law firm? Musk Made a Mess at Twitter. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. 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? It's not hard.". Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. 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. The GEO Group Inc (US:GEO) In his words: All my stock picking is 100% based on the concept of a margin of safety.. Note: 13F filing performance is different than fund performance. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. Michael Burry is head of Scion Asset Management. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). It is now the funds fourth-largest holding, accounting for 10.7% of its 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. Questions to ask The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Scion Asset Management, LLC Holdings. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Address: 20665 4th Street Suite 201. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. . Stocks with a size of more than $10 billion in market cap make up As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . Nothing on this website constitutes, or is meant to constitute, advice of any kind. 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 . Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. 2015-2023 Fintel Ventures LLC. The investment fund's only holding now is The . A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. He has said, "Fresh, clean water cannot be taken for granted. 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. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. See how we calculate 13F filing performance here. What conflicts arise from this relationship? 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. 100.0% Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? , whose value fell approximately 0.1% in the past six months. This conclusion led him to short the market by persuading Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as vulnerable. The total portfolio value may be much higher due to cash Questions to ask Portfolio 9 Options 0 Performance. 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. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. Qurate Retail Inc makes up This page was last edited on 1 February 2023, at 20:47 (UTC). Questions to ask Should I Hire a Financial Advisor or DIY It? Alibaba is down 71% from its October 2020 peak. 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. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Common Stock (US:US19247G1076) While this can be seen as "eating your own cooking," there are conflicts that may arise. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. The companys vast portfolio of products includes optical and electro-optical components and materials, fiber lasers, infrared optical components, and high-precision optical assemblies, amongst others. This value is significant in that it is the last known price at which the security was still held. The average market cap of the portfolio companies is close to $2.02 billion. Warren Buffett's: Berkshire Hathaway. What does this mean? 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. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. Others say the plan is too costly and burdensome on taxpayers. As of 7th November 2022, Scion Asset Management's top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. On February 14, Michael Burry filed his company's holdings report with the SEC. Growth has also been smooth for the company due to the recurring nature of its business model. Keep reading this article to learn more about Scion Asset Management. 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. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. 2021-08-16. Green rows indicate new positions. Greenhaven Associates Updated 10 Jan 2023. He then left to start his own hedge fund. What does this mean? What does this mean? Published on February 27th, 2023 by Nikolaos Sismanis. You wont receive financial advice or any financial planning services as an individual investor, and you can only invest in the available funds that the firm oversees. Why does your firm believe in offering commission-based services to clients? Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Most recent portfolio value is calculated to be $ 46,536,925 USD. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry 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." While StockBrokers.com has all data verified by industry participants, it can vary from time to time. What does this mean? 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. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Portfolio manager(s) are listed as Michael Burry. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. By Steve Burns. 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 . Grapevine, TX 76051. Burry has a strictly traditional understanding of value. 223.17% 10-Year Performance. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. These partnerships do not influence editorial content. No. The firm prefers to employ long/short, market neutral, and activist strategies. SEC Form 13F Filing History. Why Didn't the Fed? In this episode, we hear how she became a sponge for product design, figured out how to make accessible yet high-end jewelry, and how she even relocated to China for the better part of a year to personally see to her brand's manufacturing. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. "Trusted by investor.com" status is reserved to those financial advisor firms meeting investor.com's strict requirements, beginning with earning no less than a 4.5 to 5 -star rating based on investor.com's independent Trust algorithm analysis. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC.
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