scion asset management

Portfolio Gain +257.56%. WRITE REVIEW. Scion Asset Management, LLC's new positions include 1001 and 1030). (Disclaimers: this is not investment advice. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. 2015-2023 Fintel Ventures LLC. Firm or a related person trades securities for themselves that they also recommend to their clients. Follow Tweet. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Any data inaccuracies, please contact our team. He looks for investments in undervalued companies with strong long-term prospects. He has Rusyn ancestry. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. , 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. The investment fund's only holding now is The . financing, asset management, . Please declare your traffic by updating your user agent to include company specific information. 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. What does this mean? Questions to ask Alibaba is down 71% from its October 2020 peak. Researcher and operations manager at DM Martins Research. 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. There are currently 6 companies in Mr. Burrys portfolio. For example, front-running is when a financial professional buys or sell securities ahead of their client. 66.7% of the portfolio companies 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. The GEO Group Inc (US:GEO) 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. Checks take place monthly. Should I Hire a Financial Advisor or DIY It? Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Bruce Berkowitz's: Fairholme Capital Management. When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. What does this mean? It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Does your fim accept soft-dollar benefits? 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. By using this site, you are agreeing to security monitoring and auditing. SkyWest, Inc. (US:SKYW) 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. 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. All rights reserved. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Chase Coleman's: Tiger Global Management. has disclosed 9 total holdings in their latest SEC filings. 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 Medical Center. 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. $48.3 Million Total portoflio value. Link to 13F filings: SEC filings. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. The Company serves clients in the United States. Musk Made a Mess at Twitter. "[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. 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. The Scion Group is the largest owner/operator of off-campus student housing communities globally. [17] He subsequently liquidated his company to focus on his personal investments. 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. 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. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. 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? Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. And JD.com is in a similar situation, being 57% below its peak in February 2021. 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. Which securities does your firm trade for itself that it will also be recommending to me? [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]. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. , Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Burry was born and grew up in San Jose, California. 223.17% 10-Year Performance. For more information, contact opendata@sec.gov. SCION ASSET MANAGEMENT, LLC. 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 . 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. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Common Stock (US:US19247G1076) 2023 Reink Media Group LLC. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. 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. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. February 17, 2023. Is your firm affiliated with a law firm in any capacity? Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. We have concerns regarding capital management at . What does this mean and why is it important? Alibaba Group Holding Limited ADR (US:BABA) Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Why does your firm believe in offering commission-based services to clients? There are currently 6 companies in Mr. Burry's portfolio. [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. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. 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. Filing Date. As a result, we do not support personal reviews on the site. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. This arrangement creates a conflict where the firm and its representatives may be incentivized to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. The investment fund also strengthened its position in Geo by buying 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. 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. 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. Here's how we make money. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. So is Burry less bearish on the U.S. economy than he was last year? Read through our introductory course to financial advisors. What does this mean and why is this important? 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. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. These conflicts can negatively impact clients via hidden fees and overall higher costs. [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. Geo dropped approximately 0.1% in the past year. 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 . He then left to start his own hedge fund. 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. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. 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. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Please provide me a list of the products and a summary of how much your firm earns from them. Scion Asset Management, LLC's top holdings are Here you can find the latest trades based on Burry's 13F filings and insider trades. [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. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. In January, Burry made predictions for an economic downturn in 2023. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! I was damned sure I was going to pay it off. Description. [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. 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. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. 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 has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-12-31. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Why Didn't the Fed? Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Scion Asset Management, LLC Holdings. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. And we will have another inflation spike. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). 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. The following positions are based on the last Q1 2021 13F filing as of 3-31-2021, with his top 10 holdings making up 91.57% of his portfolio. are based in the United States. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. Michael Burry is an American investor, and hedge fund manager. "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. in 2008. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. The holding were 650,000 shares as of 2021-03-31. The author may be long one or more stocks mentioned in this report. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. What does this mean? Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. While partners may pay to provide offers or be featured, e.g. 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. More than 90% of the beds are located in the US. Currently, their heaviest sector is Real Estate making up 53.2% of This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Scion has $638,901,404 assets under management (AUM). What does this mean? How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? Note: We do not offer technical support for developing or debugging scripted downloading processes. . 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. Firm can legally elect to accept commissions for their investment advisory services. FINRA data last verified February 17, 2023. The firm's asset exposure includes equities, derivatives, and fixed income instruments. Will any of my assets be invested in those products? [30], Burry is married, with children, and was living in Saratoga, California in 2010. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. What does this mean and why is it important? Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Saratoga, CA 95070. The hedge fund exited positions including Alphabet Inc. and Facebook . In total, Scion Asset Management manages $291.7 million in assets. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. See how we calculate 13F filing performance here. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? 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. Scion Asset Management's public equity portfolio is heavily concentrated. [4] As a teenager, he attended Santa Teresa High School. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Top 50 Scion Asset Management 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. That would put the U.S. in a recession under "any definition.". Upgrade to unlock premium data and export to Excel . 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. However, Dr. Burry has a much broader track record in the investing world. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. 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. 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. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. 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. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. He is best known for being amongst the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. What conflicts do I need to be made aware of? [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Hedge Fund Manager. 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. 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. What does this mean? 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. Charlie Munger - Daily Journal Corp. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. By the end of 2004, he was managing $600 million and turning money away. JD.com, Inc. (US:JD) Top 50 Scion Asset Management Holdings . The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. 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. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Michael Burry is head of Scion Asset Management. Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Operating as an online business, this site may be compensated through third party advertisers. 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. 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. 1-Year Performance. Heejin Kim and Myungshin Cho (29 August 2019). 18951. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). When? What does this mean and why is it important? Based in Saratoga, Calif., Scion has just six employees, two of whom . Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. 0001567619-21-010281.txt. These companies are located in Dover DE, Madison WI, and Saratoga CA. 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. Michael Burry has been on a buying spree lately. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. For the most up-to-date information, please view the applicable SEC and FINRA reports above. What does this mean? . Questions to ask Burry has a strictly traditional understanding of value. No. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations.

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