scion asset management

He has Rusyn ancestry. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History 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. What does this mean and why is this important? There are currently 6 companies in Mr. Burry's portfolio. 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. 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 . The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. 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. February 17, 2023. Thank you for your interest in the U.S. Securities and Exchange Commission. 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. 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. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. 100.0% Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. Bill Ackman's: Pershing Square Capital Management. 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 misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Reference ID: 0.35841402.1677949840.1dcfc4e. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. What does this mean? Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Please see our General Disclaimers for more information. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. 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. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. Burry predicted, "Fed will cut and government will stimulate. Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. Saratoga, CA 95070. Hedge funds are required to report only their long positions, not their short positions. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information A good way to understand Burry's thinking and Scion Asset Management's . The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. 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. And we will have another inflation spike. What does this mean? Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. He only looks for their undervalued elements, regardless of their sector and class. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . 0001567619-21-010281.txt. [23], Burry initiated short position(s) on Tesla before or around early December 2020, according to a now-deleted tweet[24][25] and likely added to his short positions[26][27] after the market cap of Tesla surpassed that of Facebook. , Ultimately, Burrys analysis proved right. What does this mean? , As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Strategies arent specified: There isnt a lot of specificity provided . He became famous when he was played by Christian Bale in the blockbuster movie 'The Big Short' based on the best selling book by author Michael Lewis.Dr. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Scion Asset Management 13F annual report. 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. 1001 and 1030). Eventually Burry closed his fund and retired. Data is sourced from 13D/13G, 13F, and N-Q filings. 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. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. approximately 0.1% of the total holdings value. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which These partnerships do not influence editorial content. $48.3 Million Total portoflio value. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Click the link icon to see the full transaction history. The average market cap of the portfolio companies is close to $2.02 billion. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. [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 has $638,901,404 assets under management (AUM). Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. [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. Questions to ask Saratoga, CA 95070. Will any of my assets be invested in those products? 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. 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). Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. 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. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. The firm prefers to employ long/short, market neutral, and activist strategies. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Scion Asset Management is headquartered in Saratoga, California. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. SEC Form 13F Filing History. Scion's new purchases consist of . For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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. WRITE REVIEW. What conflicts arise from this relationship? Scion Asset Management, LLC Portfolio Never miss a trade. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. 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. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. Does your firm, or anyone associated with the firm, practice as a law firm? This page was last edited on 1 February 2023, at 20:47 (UTC). 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. Michael Burry is head of Scion Asset Management. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. It is now the funds second-largest holding, accounting for 18.3% of its holdings. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. 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. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Michael Burry of Scion Asset Management. Scion Asset Management, LLC operates as an investment firm. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. 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 . Wolverine World Wide, Inc. (US:WWW) [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. By using this site, you are agreeing to security monitoring and auditing. This value is significant in that it is the last known price at which the security was still held. 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. Alibaba is down 71% from its October 2020 peak. What does this mean and why is it important? Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. All rights reserved. He quickly earned extraordinary profits for his investors. [] The GEO Group is a specialty REIT that owns, operates, and manages correctional, detention, and reentry facilities in the US, UK, South Africa, and Australia. EXHIBIT C. July 28, 2019. The Scion Asset Management office and employees reside in Saratoga, California. Questions to ask Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. U.S Market Open - Market Closes in 49M 55S. And we could be headed for another recession. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Updated 05 Jan 2023. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Heejin Kim and Myungshin Cho (29 August 2019). We've received your submission. Scion Asset Management Holdings Heatmap . By the end of 2004, he was managing $600 million and turning money away. financing, asset management, . , Burry's Scion Asset Management bought 2,355 put contracts against the red-hot tech ETF during the second quarter and held them through the end of the period. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. 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. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? Scion Asset Managements portfolio is diversified across 5 sectors. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). . 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. Geo dropped approximately 0.1% in the past year. Filing Date. Geo dropped approximately 0.1% in the past year. 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 . Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. 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 firm may also use leverage and derivative strategies to increase the rate of client success. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Here's what investors need to know about Michael Burry's long positions. Scion Asset Management, LLC's new positions include Description. To illustrate how successful Dr. Burrys picks were from the origins of Scion Asset Management to the Great Financial Crisis, the hedge fund recorded returns of 489.34% (net of fees and expenses) between its inception in November 2000 to June 2008. Questions to ask 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. What does this mean and why is it important? 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. 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 is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Please declare your traffic by updating your user agent to include company specific information. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. Questions to ask The investment fund also strengthened its position in Geo by buying Burry has a strictly traditional understanding of value. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. What does this mean? Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Scion Asset Management's public equity portfolio is heavily concentrated. "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. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. For more information, please see the SECs Web Site Privacy and Security Policy. 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. 1-Year Performance. 1,517,790 additional shares. For further detail, see our articles on different types of advisors and financial advisor services. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Most recent portfolio value is calculated to be $ 46,536,925 USD. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. Please provide me a list of the products and a summary of how much your firm earns from them. Written by investor.com. Questions to ask Chase Coleman's: Tiger Global Management. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. What does this mean? Our Methodology. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. . 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. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Terms of Use | Disclaimers | Privacy Policy. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. 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. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. The portfolio is made up of a total of 102 facilities, including 82,000 beds. 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. 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. 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. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . 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%. How does your firm approach insurance sales? Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. Firm or related person receives soft-dollar benefits in connection with client securities transactions. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. As InvestorPlace's Eddie Pan reported on Aug. 15, Burry's firm Scion Asset Management has sold all of its U.S.-listed positions except for one GEO. The majority of the companies in the funds portfolio are large-cap stocks. Portfolio 9 Options 0 Performance. And JD.com is in a similar situation, being 57% below its peak in February 2021. Michael Burry . Will His AI Plans Be Any Different? Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. David Einhorn's: Greenlight Capital. 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. Questions to ask 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. Relative to the previous quarter there was a little reshuffling of his holdings. 18951. The current portfolio value is calculated to be $47.00 Mil. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. "[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. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. 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. Researcher and operations manager at DM Martins Research. It would appear that Burry is betting that China will rebound. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. 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. These filings are called "notice filings". Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. The Scion Asset Management chief's grim prediction may be coming true, as the S&P 500 and Nasdaq indexes tumbled by 19% and 33% respectively in 2022. The companys operating segments include Active Group, Work Group, and Lifestyle Group, which individually focus anywhere from casual footwear and apparel to industrial work boots and apparel. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. We use the change in the portfolio allocation because this is the most meaningful metric. Some of the largest purchases done by Scion Asset Management are follows: Ace Ltd; The hedge fund owns about 50000 shares of ACE Ltd, which reflects about 7.89% of their portfolio. [30], Burry is married, with children, and was living in Saratoga, California in 2010. 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. 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". SkyWest, Inc. (US:SKYW) SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq.