Firm or an affiliate actively engages in business as a law firm or lawyer. 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. David Einhorn's: Greenlight Capital. Louis Bacon's: Moore Capital Management. What does this mean and why is it important? Nothing on this website constitutes, or is meant to constitute, advice of any kind. financing, asset management, . 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. Follow Tweet. Currently tracking portfolios of 77 superinvestors. WRITE REVIEW. Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. Musk Made a Mess at Twitter. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. In his words: All my stock picking is 100% based on the concept of a margin of safety.. 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. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. * Reported Price is the price of the security as of the portfolio date. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. 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. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? There are 3 companies that go by the name of Scion Asset Management, LLC. Note: 13F filing performance is different than fund performance. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Scion Asset Management Holdings Heatmap . 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 . Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. 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. 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. Questions to ask Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Scion Asset Management, LLC Holdings. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. 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. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Note: We do not offer technical support for developing or debugging scripted downloading processes. Please declare your traffic by updating your user agent to include company specific information. [17] He subsequently liquidated his company to focus on his personal investments. This conclusion led him to short the market by persuading Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as vulnerable. These conflicts can negatively impact clients via hidden fees and overall higher costs. [] Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. It would appear that Burry is betting that China will rebound. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Any data inaccuracies, please contact our team. Currently, their heaviest sector is Real Estate making up 53.2% of What does this mean and why is it important? Scion Asset Management, LLC's top holdings are What does this mean? 347 Followers. 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 Board of Directors. Thanks for supporting the Wall Street Memes). 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). Michael Burry . What does this mean? The firm may also use leverage and derivative strategies to increase the rate of client success. Greenhaven Associates Updated 10 Jan 2023. We use the change in the portfolio allocation because this is the most meaningful metric. Alibaba is down 71% from its October 2020 peak. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. What does this mean? SEC Form 13F Filing History. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Regulatory disclosures state that firm sells proprietary investments and products. He has said, "Fresh, clean water cannot be taken for granted. Burry's trade that made him a legend was when he used derivatives to bet on a real estate market crash in 2008 which made him . That would put the U.S. in a recession under "any definition.". Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. For more information, contact opendata@sec.gov. For example, front-running is when a financial professional buys or sell securities ahead of their client. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. 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. 66.7% of the portfolio companies 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. 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. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. 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. Questions to ask Geo dropped approximately 0.1% in the past year. He also urged investors to liquidate their stocks. In addition, the fund holds 5,000,000 shares of . Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Steven Cohen's: Point72 Asset Management. Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. What conflicts arise from this relationship? 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. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. , The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. How many times did it occur? Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. The impact to a portfolio due to this purchase was 0.65%. 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. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! All requests for updated information should also be reported directly to the SEC and/or FINRA. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. 2023 Reink Media Group LLC. 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. *SEC data last verified February 17, 2023. . Questions to ask Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. All rights reserved. [18][16], In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser (ERA) active in the state of California and approved by the SEC. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 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. Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and . These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. . 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. And JD.com is in a similar situation, being 57% below its peak in February 2021. are based in the United States. What does this mean? And it is notwater is political, and litigious. A good way to understand Burry's thinking and Scion Asset Management's . As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Scion has $638,901,404 assets under management (AUM). [13], In 2005, Burry started to focus on the subprime market. 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". As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . Filing Date. How do we make money? Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. What does this mean and why is it important? 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 General Information. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. 0001567619-21-015632. 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. Others say the plan is too costly and burdensome on taxpayers. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Thank you for your interest in the U.S. Securities and Exchange Commission. He has warned a severe recession on several occasions over the last year. [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. Wolverine World Wide, Inc. (US:WWW) Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. On February 14, Michael Burry filed his company's holdings report with the SEC. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. Which securities does your firm trade for itself that it will also be recommending to me? 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 . This is a low margin business in the first place, and so despite the company posting record revenues last year, it saw a decline in earnings. Based in Saratoga, Calif., Scion has just six employees, two of whom . 340.15% 5-Year Performance. Ray Dalio's: Bridgewater Associates. , In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. Scion Asset Management Review. And we could be headed for another recession. The firm's website is not secure by modern internet standards. T. Black Knight offers blended software, data, and analytics solutions all over the globe. 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. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. The turnover rate is 70%. 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. There are currently 6 companies in Mr. Burry's portfolio. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. (Disclaimers: this is not investment advice. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. 1001 and 1030). The holding were 650,000 shares as of 2021-03-31. Hedge funds are required to report only their long positions, not their short positions. There are currently 6 companies in Mr. Burrys portfolio. 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. By using this site, you are agreeing to security monitoring and auditing. Reference ID: 0.35841402.1677949840.1dcfc4e. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. , Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. 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. Geo dropped approximately 0.1% in the past year. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. 223.17% 10-Year Performance. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. On this Wikipedia the language links are at the top of the page across from the article title. 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. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. JD.com, Inc. (US:JD) Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Whoopi Goldberg admits 'politics got in the way' of COVID- REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, US home prices just did something they haven't done since 2012, JPMorgan Chase requires some workers give 6 months notice before quitting, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Rebel Wilson says Meghan Markle isnt as naturally warm as Prince Harry, Kristen Doute supports Ariana Madix amid mutual ex Tom Sandovals scandal, Celeb-loved jewelry brand Dorsey drops dazzling new styles, March 4, 1984: Martina Navratilova defeats Chris Evert at MSG, Tom Sandoval breaks silence on Ariana Madix split amid cheating claims, Canadian teacher with size-Z prosthetic breasts placed on paid leave. He quickly earned extraordinary profits for his investors. The average market cap of the portfolio companies is close to $2.02 billion. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. . Relative to the previous quarter there was a little reshuffling of his holdings. This means they effectively own 0.6% of the company. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. I was damned sure I was going to pay it off.. 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. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. [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. Profitability has also been weak. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. At 06/30/2022: $3,309. Our system found no disciplinary alerts. 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. Follow Tweet. These filings are called "notice filings". Please send any feedback, corrections, or questions to support@suredividend.com. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . 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. This could be detrimental to a client during down markets. Bill Ackman's: Pershing Square Capital Management. 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. Scion Asset Management, LLC Portfolio Never miss a trade. The portfolio's exposure to China is also thought-provoking. Questions to ask The latest quarterly filing from Scion Asset ManagementMichael Burry's firmshows no bearish bets against the electric-vehicle giant Tesla The loss of a notable bear appears to be giving . The company has been growing rapidly over the past few years while retaining compelling profitability levels. 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. 2015-2023 Fintel Ventures LLC. What does this mean and why is it important? The total portfolio value may be much higher due to cash 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. 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. As a result, we do not support personal reviews on the site. in 2008. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. 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. Chase Coleman's: Tiger Global Management. What does this mean? 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. 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 not hard.". Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. He has Rusyn ancestry. Saratoga, CA 95070. It is now the funds second-largest holding, accounting for 18.3% of its holdings. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. This page was last edited on 1 February 2023, at 20:47 (UTC). The portfolio is made up of a total of 102 facilities, including 82,000 beds. . SCION ASSET MANAGEMENT, LLC: CHIEF EXECUTIVE OFFICER: direct: 2013-03-01: CLARKE BENNITT MANAGEMENT, LP: PRINCIPLE OWNER: indirect: 2005-02-01: 2006-01-20: BURRY, ANH-THI: TRUSTEE THE BURRY 2003 REVOCABLE TRUST: 05/01/2003: Indirect Other: Fund Name Position direct/indirect start date end date; SCION ASSET MANAGEMENT, LLC: Firm can legally elect to accept commissions for their investment advisory services. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. 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, LLC has disclosed 9 total holdings in their latest SEC filings. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. These positions were updated on November 14th based on the funds latest 13F filing. The investment fund's only holding now is The . $41.4 million and $41.2 million respectively. 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 Managements portfolio is diversified across 5 sectors. Latest Holdings, Performance, AUM (from 13F, 13D). What does this mean and why is it important? As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. "[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. The Scion Asset Management office and employees reside in Saratoga, California. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. Ultimately, Burrys analysis proved right. and Common Stock (US:US19247G1076) Portfolio manager(s) are listed as Michael Burry. What does this mean? Michael Burry is head of Scion Asset Management. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. This value is significant in that it is the last known price at which the security was still held. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry February 17, 2023. He looks for investments in undervalued companies with strong long-term prospects. 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.

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