scion asset management

Is your firm a broker-dealer or are you affiliated with one? 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. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. The average market cap of the portfolio companies is close to $2.02 billion. And it is notwater is political, and litigious. What does this mean and why is this important? Burry was born and grew up in San Jose, California. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. Is your firm affiliated with a law firm in any capacity? . Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Scion Asset Management, LLC's top holdings are The firm prefers to employ long/short, market neutral, and activist strategies. [9] While off duty at night, he worked on his hobby: financial investing. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. 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. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. 408-441-8400 Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. The firm's asset exposure includes equities, derivatives, and fixed income instruments. What does this mean and why is it important? Will any of my assets be invested in those products? Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. 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. 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. [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". Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Firm or an affiliate actively engages in business as a law firm or lawyer. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Regulatory disclosures state that firm sells proprietary investments and products. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Bruce Berkowitz's: Fairholme Capital Management. Will His AI Plans Be Any Different? See how we calculate 13F filing performance here. 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. 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. Portfolio value: $46M+ Period: 2022 Q4. Will any of my assets be invested in those products? Click the link icon to see the full transaction history. Strategies arent specified: There isnt a lot of specificity provided . For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. However, Burry is also known to take an approach that often contradicts what the broad market dictates. 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. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. 20665 4th Street, Suite 201. Some firms receive these fees as payments, which creates an incentive to promote them. Questions to ask Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. 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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. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Geo dropped approximately 0.1% in the past year. 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. He looks for investments in undervalued companies with strong long-term prospects. The author may be long one or more stocks mentioned in this report. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. What does this mean and why is this important? Scion's new purchases consist of . Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Since Jun 2013. I was damned sure I was going to pay it off. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Wolverine World Wide, Inc. (US:WWW) 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. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Firm can legally elect to accept commissions for their investment advisory services. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. It would appear that Burry is betting that China will rebound. All rights reserved. and Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Questions to ask These filings are called "notice filings". The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. Here's what investors need to know about Michael Burry's long positions. Green rows indicate new positions. We've received your submission. Please declare your traffic by updating your user agent to include company specific information. 100.0% Eventually Burry closed his fund and retired. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! 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. Geo dropped approximately 0.1% in the past year. 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. What does this mean and why is it important? The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Louis Bacon's: Moore Capital Management. Alibaba is down 71% from its October 2020 peak. 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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. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. 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. [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. Profitability has also been weak. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. 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. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Operating as an online business, this site may be compensated through third party advertisers. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. [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. The total portfolio value may be much higher due to cash Why doesnt your firm use a secure website? Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Questions to ask GameStop Corp. 625 Westport Parkway. How do these benefits affect the firms selection of a broker-dealer partner? Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. Questions to ask On February 14, Michael Burry filed his company's holdings report with the SEC. He also urged investors to liquidate their stocks. Why does your firm believe in offering commission-based services to clients? . Reference ID: 0.35841402.1677949840.1dcfc4e. Scion Asset Management Review. What does this mean? Our system found no disciplinary alerts. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Portfolio manager(s) are listed as Michael Burry. A good way to understand Burry's thinking and Scion Asset Management's . Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Bill Ackman's: Pershing Square Capital Management. What does this mean and why is it important? What does this mean? What does this mean? Investor.com is your trustworthy guide to the world of personal finance. 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. Michael Burry has been on a buying spree lately. Relative to the previous quarter there was a little reshuffling of his holdings. 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: 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. 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. 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. , The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Any data inaccuracies, please contact our team. the total portfolio value. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. The impact to a portfolio due to this purchase was 0.65%. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Most recent portfolio value is calculated to be $ 46,536,925 USD. Back on April 10, 2020, Michael Burry, who gained fame as a major character in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME) disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME's outstanding shares. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. This means they effectively own 0.6% of the company. Fintel is a registered trademark. 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. 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. This website is provided as is without any representations or warranties, express or implied. Questions to ask Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. , But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Why Didn't the Fed? Musk Made a Mess at Twitter. [13], In 2005, Burry started to focus on the subprime market. Firm or a related person trades securities for themselves that they also recommend to their clients. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. . [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. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). 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 . The firm's website is not secure by modern internet standards. 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". All rights reserved. See how we calculate 13F filing performance here, Scion Asset Management / Michael Burry holdings now, Scion Asset Managements Fund Manager, Michael Burry, Scion Asset Managements Investment Philosophy & Strategy, Scion Asset Managements Noteworthy Portfolio Changes, Scion Asset Managements Portfolio All 9 Public Equity Investments, 20 Highest Yielding Monthly Dividend Stocks, Liberty Latin America Ltd Class C (LILAK). 2015-2023 Fintel Ventures LLC. The Board of Directors. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. [6], According to his website, Burry liquidated his credit default swap short positions by April 2008 and did not benefit from the bailouts of 2008 and 2009. I was damned sure I was going to pay it off.. On this Wikipedia the language links are at the top of the page across from the article title. 2023 Reink Media Group LLC. 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. 1,517,790 additional shares. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Ultimately, Burrys analysis proved right. By Steve Burns. Heejin Kim and Myungshin Cho (29 August 2019). According to the latest 13F filing from famed investor Michael J. Burry's Scion Asset Management, the hedge fund has added seven new stocks to its portfolio. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. This could be detrimental to a client during down markets. Scion Asset Management's public equity portfolio is heavily concentrated. What does this mean? It is now the funds third-largest holding, accounting for 12.8% of its holdings. 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. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Scion Asset Management also says it works to provide clients with a diverse mix of portfolio opportunities it believes will increase their chances of investment success. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. 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. [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. He has warned a severe recession on several occasions over the last year. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. And we will have another inflation spike. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Scion Asset Management currently serves clients in the following states: CA, TN. Why has Burry, who is bearish on the . Scion Asset Management's Portfolio - All 9 Public Equity Investments. We reserve the right to block IP addresses that submit excessive requests. 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. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Keep reading this article to learn more about Scion Asset Management. 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.

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