scion asset management

Yes or 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. This website is provided as is without any representations or warranties, express or implied. 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. [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. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . 408-441-8400 The turnover rate is 70%. 1001 and 1030). 340.42% 1Y 3Y 5Y 10Y. Will anyone that was involved be involved with my accounts in any capacity? These companies are located in Dover DE, Madison WI, and Saratoga CA. 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. 1-Year Performance. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . Scion Asset Management's Portfolio - All 9 Public Equity Investments. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. 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. Why doesnt your firm use a secure website? [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. 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. Scion Asset Management, LLC Portfolio Never miss a trade. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. "[20], Glimpses were offered into Scion's portfolio with 13Fs filed from the 4th quarter of 2015 through the 3rd quarter of 2016, as required by the SEC when fund holdings top $100 million. Keep reading this article to learn more about Scion Asset Management. This means they effectively own 0.6% of the company. Scion Asset Management is headquartered in Saratoga, California. 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. The average market cap of the portfolio companies is close to $2.02 billion. . Please send any feedback, corrections, or questions to support@suredividend.com. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. 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 . Black Knight Inc (US:BKI) The Scion Group is the largest owner/operator of off-campus student housing communities globally. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. In January, Burry made predictions for an economic downturn in 2023. Also, the article may contain affiliate links. What does this mean? BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . 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. 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. 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. For the most up-to-date information, please view the applicable SEC and FINRA reports above. . 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. [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. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. 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. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Greenhaven Associates Updated 10 Jan 2023. Scion Asset Management Review. Scion employs over 1,750 team members and has over $9 billion of assets under . Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. A regulatory agency other than 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. He quickly earned extraordinary profits for his investors. Grapevine, TX 76051. How do we make money? Saratoga, CA 95070. , Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. What does this mean? 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. Scion Asset Management Q4 '22 Top Holdings (Author Spreadsheet 13F Data) Largely unrelated to one's personal attitude or opinion of Michael Burry, there are few 13F's in the industry that are more . 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. The Company serves clients in the United States. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Why Didn't the Fed? 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. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. Here's what investors need to know about Michael Burry's long positions. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. And we will have another inflation spike. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. He has said, "Fresh, clean water cannot be taken for granted. WRITE REVIEW. Updated 05 Jan 2023. Others say the plan is too costly and burdensome on taxpayers. 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. 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. Dear Members of the Board, Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,000,000 shares, or about 2.21%, of GameStop, Inc. ("GameStop") common stock. [] [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". This value is significant in that it is the last known price at which the security was still held. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. 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. Investors profit from puts when the . Firm can legally elect to accept commissions for their investment advisory services. 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. It's not hard.". What does this mean and why is this important? Written by investor.com. Thank you for your interest in the U.S. Securities and Exchange Commission. , 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). What conflicts do I need to be made aware of? This page was last edited on 1 February 2023, at 20:47 (UTC). Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. 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. The firm may also use leverage and derivative strategies to increase the rate of client success. Scion Asset Management, LLC's top holdings are [4] As a teenager, he attended Santa Teresa High School. What does this mean and why is it important? To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. What does this mean? Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information , Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. Which securities does your firm trade for itself that it will also be recommending to me? 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. * Reported Price is the price of the security as of the portfolio date. Will any of my assets be invested in those products? GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. tips_and_updates Financial Advisor Education. There are currently 6 companies in Mr. Burrys portfolio. The companys vast portfolio of products includes optical and electro-optical components and materials, fiber lasers, infrared optical components, and high-precision optical assemblies, amongst others. Questions to ask The firm's asset exposure includes equities, derivatives, and fixed income instruments. 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. Address: 20665 4th Street Suite 201. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. [9], Despite not practicing, Burry has kept his license as a physician active with the Medical Board of California, including continuing education requirements.[10][11]. "Here's the story of one of the heroes of 'The Big Short', "The True Story Behind The Big Short - Real Michael Burry", The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History, "Mercury News Interview: Hedge fund manager saw subprime meltdown coming", "These Doctors Mean Business," Whitney, Kathy, Medicine (Vanderbilt School of Medicine), Summer 2014, "Learning From Dr. Michael Burry's Investment Philosophy", "Michael Burry Profiled: Bloomberg Risk Takers", "I Saw the Crisis Coming. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. 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. 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. 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. In addition, the fund holds 5,000,000 shares of . . [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. We've received your submission. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. [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. However, Dr. Burry has a much broader track record in the investing world. and What does this mean and why is it important? Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. Scion Asset Management Holdings Heatmap . Please declare your traffic by updating your user agent to include company specific information. Ray Dalio's: Bridgewater Associates. 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. [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. Should I Hire a Financial Advisor or DIY It? At 06/30/2022: $3,309. Common Stock (US:US19247G1076) This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. ", "Why Is Michael Burry Investing In Water? The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Some firms receive these fees as payments, which creates an incentive to promote them. 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. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. 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. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. We use the change in the portfolio allocation because this is the most meaningful metric. Portfolio manager(s) are listed as Michael Burry. *SEC data last verified February 17, 2023. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Green rows indicate new positions. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Michael Burry of Scion Asset Management. Any data inaccuracies, please contact our team. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? 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 . [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. : 000000000 | State of Incorp. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in What does this mean? 0001567619-21-015632. How does your firm approach insurance sales? 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. Published on February 27th, 2023 by Nikolaos Sismanis. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which . 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. All rights reserved. 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. 223.17% 10-Year Performance. : DE | Fiscal Year End: 1231. Filing Date. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Note: We do not offer technical support for developing or debugging scripted downloading processes. 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". are based in the United States. JD.com, Inc. (US:JD) Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Since Jun 2013. What does this mean? Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. David Einhorn's: Greenlight Capital. The portfolio's exposure to China is also thought-provoking. 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. Precisely because he doesnt focus on a specific industry and because the essence of financial metrics shifts by industry and each companys place in the economic cycle, Dr. Burry utilizes the ratio of enterprise value (EV) to EBITDA when researching investment ideas. in 2008. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". What does this mean? , Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. What does this mean and why is this important? Reference ID: 0.35841402.1677949840.1dcfc4e. Average metrics of all companies in portfolio . 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's Scion Asset Management said in a regulatory filing in mid-May it had put options on 800,100 Tesla shares as of the end of the first quarter. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Execute maintenance objectives and daily assignments with the Facilities Supervisor. 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. The Board of Directors. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. Wolverine World Wide, Inc. (US:WWW) <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . The firm prefers to employ long/short, market neutral, and activist strategies. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which documented the history and events leading up to his contrarian but hugely successful bet against the real estate market in 2008.