scion asset management scion asset management

Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Here's what investors need to know about Michael Burry's long positions. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt, Burry tweeted Wednesday. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. 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. Regulatory disclosures state that firm sells proprietary investments and products. By using this site, you are agreeing to security monitoring and auditing. Charlie Munger - Daily Journal Corp. 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. [13], In 2005, Burry started to focus on the subprime market. Common Stock (US:US19247G1076) 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. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market EXHIBIT C. July 28, 2019. The investment fund also strengthened its position in Geo by buying 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. Visit Site, Is this your firm? When? Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Oils $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? 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." What does this mean and why is it important? Michael Burry . The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. . [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. How does your firm approach insurance sales? 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. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. 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. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. 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. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . 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. Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. Note: 13F filing performance is different than fund performance. Burry was born and grew up in San Jose, California. 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. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. What does this mean? 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. That would put the U.S. in a recession under "any definition.". Unlike HTTPS connections, HTTP connections are not encrypted. Scion Asset Management's Portfolio - All 9 Public Equity Investments. They manage Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. We use the change in the portfolio allocation because this is the most meaningful metric. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. Most recent portfolio value is calculated to be $ 46,536,925 USD. However, Dr. Burry has a much broader track record in the investing world. Thanks for supporting the Wall Street Memes). : 000000000 | State of Incorp. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. 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. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Questions to ask What does this mean and why is it important? A quarter of the portfolio is made up of consumer discretionary companies. 18951. Burry has a strictly traditional understanding of value. How does your firm mitigate them? 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, 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 . 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. 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. Read through our introductory course to financial advisors. Firm recommends securities or other investment products to advisory clients in which the firm or a related person has some other proprietary (ownership) interest that isnt related to trading or holding the security or securities themselves personally. The Scion Asset Management office and employees reside in Saratoga, California. [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. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Based in Saratoga, Calif., Scion has just six employees, two of whom . 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%. The advisory also believes in using fundamental analysis methods to assess . Portfolio manager(s) are listed as Michael Burry. MGM Resorts International (US:MGM) Burry predicted Tesla stock would collapse like the housing bubble,[27] saying that "my last Big Short got bigger and Bigger and BIGGER" and taunted Tesla bulls to 'enjoy it while it lasts. Quickly find out what the most recently closed or increased positions are. No. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. 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. Scion Asset Management Holdings Heatmap . Any data inaccuracies, please contact our team. What does this mean? According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. In addition, the fund holds 5,000,000 shares of . What does this mean? Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. 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. 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. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. 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". However, Burry is also known to take an approach that often contradicts what the broad market dictates. 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. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Investor.com is your trustworthy guide to the world of personal finance. There are currently 6 companies in Mr. Burrys portfolio. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? What does this mean and why is this important? The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Figure 1:What to Know About Michael "Big Short" Burry's Latest Stock Purchase, Read also: GameStop Stock: What the SEC Says About Direct Registration. In total, Scion Asset Management manages $291.7 million in assets. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. 340.42% 1Y 3Y 5Y 10Y. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. Scion Asset Managements portfolio is diversified across 5 sectors. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. See the Top Performing Hedge-Funds > Michael Burry . Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). Portfolio manager(s) are listed as Michael Burry. This means they effectively own 0.6% of the company. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. He has warned a severe recession on several occasions over the last year. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. 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. February 17, 2023. He quickly earned extraordinary profits for his investors. . The hedge fund exited positions including Alphabet Inc. and Facebook . The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. 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. Firm can legally elect to accept commissions for their investment advisory services. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History 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. Hedge funds are required to report only their long positions, not their short positions. 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 . SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. He has said more than once that his investment style is built upon Benjamin Graham and David Dodds 1934 book Security Analysis: "All my stock picking is 100% based on the concept of a margin of safety. As a Certified B Corporation, our focus is simple: people before profits. The Company serves clients in the United States. 12.25% 3-Year Performance. Burry followed up his warning by detailing his own experience with student debt. Bruce Berkowitz's: Fairholme Capital Management. 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. Scion was up 55%. What does this mean? Common Stock (US:US19247G1076) 1-Year 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. Note: We do not offer technical support for developing or debugging scripted downloading processes. Written by investor.com. Questions to ask 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 also says it works to provide clients with a diverse mix of portfolio opportunities it believes will increase their chances of investment success. 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. Portfolio Gain +257.56%. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. For the most up-to-date information, please view the applicable SEC and FINRA reports above. What does this mean? Our system found no disciplinary alerts. 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. In response, Alibaba has been repurchasing stock in bulk. These partnerships do not influence editorial content. ", "Why Is Michael Burry Investing In Water? 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 more information, please see the SECs Web Site Privacy and Security Policy. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. 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 is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. We've received your submission. The firm prefers to employ long/short, market neutral, and activist strategies. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Chase Coleman's: Tiger Global Management. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Why doesnt your firm use a secure website? Currently tracking portfolios of 77 superinvestors. and A regulatory agency other than 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. What happened? Average metrics of all companies in portfolio . Scion Asset Management. Terms of Use | Disclaimers | Privacy Policy. The fund only has four clients. This could be detrimental to a client during down markets. SCION ASSET MANAGEMENT, LLC. T. Black Knight offers blended software, data, and analytics solutions all over the globe. [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. Geo dropped approximately 0.1% in the past year. While this can be seen as "eating your own cooking," there are conflicts that may arise. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. Ultimately, Burrys analysis proved right. 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 . On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. It's worth noting that more than a third of Scion Asset Management's portfolio is now made up of companies in the industrial sector. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. Black Knight Inc (US:BKI) Follow Tweet. Scion Asset Management, LLC Portfolio Never miss a trade. What does this mean? What does this mean and why is this important? The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. 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.