scion asset management

The investment fund's only holding now is The . FINRA data last verified February 17, 2023. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. What does this mean? 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. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. 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Michael Burry Portfolio and News | GuruFocus With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. For further detail, see our articles on different types of advisors and financial advisor services. The GEO Group Inc (US:GEO) Scion Asset Management, LLC Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. When? IAPD - Investment Adviser Public Disclosure - Homepage 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 . About Us - The Scion Group Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time. Follow Tweet. See the articles below for analysis on other major investment firms/asset managers/gurus: If you are interested in finding more high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful: The major domestic stock market indices are another solid resource for finding investment ideas. Questions to ask Note: 13F filing performance is different than fund performance. Can I Invest In Scion Asset Management - InvestmentProGuide.com 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. Firm or a related person trades securities for themselves that they also recommend to their clients. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Upgrade to unlock premium data and export to Excel . 340.15% 5-Year Performance. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Portfolio 9 Options 0 Performance. After more than two years, on February 14, 2019, Scion Asset Management filed another 13F, showing Burry to hold numerous large-cap stocks and $103,528,000 13F assets under management, just above the threshold for filing. Questions to ask Scion Asset Management is headquartered in Saratoga, California. 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. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. 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 . We use the change in the portfolio allocation because this is the most meaningful metric. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. 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. However, Burry is also known to take an approach that often contradicts what the broad market dictates. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. [5][6][7], He studied economics and pre-med at the University of California, Los Angeles, earned an MD degree from the Vanderbilt University School of Medicine,[6] and started but did not finish his residency[8] in pathology at Stanford University Medical Center. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. 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. *SEC data last verified February 17, 2023. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. The Scion Asset Management office and employees reside in Saratoga, 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 Review - MagnifyMoney Scion Asset Management, LLC's new positions include Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. Salesforce CEO Marc Benioff sounds the alarm on recession - with shades How does your firm mitigate them? Alibaba Group Holding Limited ADR (US:BABA) 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. Green rows indicate new positions. Scion Asset Management. See how we calculate 13F filing performance here. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. He has said, "Fresh, clean water cannot be taken for granted. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Will any of my assets be invested in those products? $41.4 million and $41.2 million respectively. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 has disclosed 9 total holdings in their latest SEC filings. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. Financial plans and investment portfolios are always unique to the client's personal financial situation. The investing legend was one of the first people to recognize the massive risk in the pre-2007 sub-prime real estate market the then unknown money manager bet over $1 billion that sub-prime would implode. 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. , The stock is now traded at around $14.430000. A quarter of the portfolio is made up of consumer discretionary companies. 1,517,790 additional shares. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. 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. Michael Burry - Wikipedia Since Jun 2013. Why has Burry, who is bearish on the . The portfolio is made up of a total of 102 facilities, including 82,000 beds. [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". [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Current Michael Burry Portfolio 2020 Update - New Trader U Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. 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. 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. Most recent portfolio value is calculated to be $ 46,536,925 USD. The firm's website is not secure by modern internet standards. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Michael Burry's Scion hedge fund disclosed holdings for first time in 2 Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry Portfolio manager(s) are listed as Michael Burry. Home - sciens water Also, the article may contain affiliate links. 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. 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. Firm can legally elect to accept commissions for their investment advisory services. EDGAR Filing Documents for 0001567619-21-010281 - SEC Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. 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 . : 000000000 | State of Incorp. Read through our introductory course to financial advisors. Here's what investors need to know about Michael Burry's long positions. Michael Burry recently added seven new stocks to his hedge fund, Scion Asset Management, including Chinese e-commerce companies Alibaba and JD.com and technology firm Black Knight. , Scion Asset Management, LLC's top holdings are Questions to ask Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. It is now the funds second-largest holding, accounting for 18.3% of its holdings. By using this site, you are agreeing to security monitoring and auditing. 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. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. What does this mean and why is it important? Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. , The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. 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. [9] While off duty at night, he worked on his hobby: financial investing. and Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. GameStop Corp. 625 Westport Parkway. Hedge Fund Manager. Our partners compensate us through paid advertising. Firm or an affiliate actively engages in business as a law firm or lawyer. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. 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. 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 . Michael Burry of Scion Asset Management. We've received your submission. This form was filed on 2023-02-14 for the reporting period 2022-12-31. What happened? On this Wikipedia the language links are at the top of the page across from the article title. Portfolio manager(s) are listed as Michael Burry. Nevertheless, it is Dr. Burrys legendary plays prior to the Great Financial Crisis, and the massive returns that followed that pushed his name into the international spotlight. 223.17% 10-Year Performance. The holding were 650,000 shares as of 2021-03-31. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Here's how we make money. Scion Asset Management's Portfolio - All 9 Public Equity Investments. Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock See the Top Performing Hedge-Funds > Michael Burry . What does this mean? 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. 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 related person receives soft-dollar benefits in connection with client securities transactions. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? are based in the United States. About Us - Scion Advisory Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. the total portfolio value. And JD.com is in a similar situation, being 57% below its peak in February 2021. Bruce Berkowitz's: Fairholme Capital Management. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. For more information, contact [email protected]. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. 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. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. 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. Michael Burry is Betting Everything on These 6 Stocks This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. tips_and_updates Financial Advisor Education. 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. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Follow Tweet. 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. Scion Asset Management General Information. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. 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. Burry's Scion sold all Gamestop shares in Q4 before GME went

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