scion asset management

To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Published on February 27th, 2023 by Nikolaos Sismanis. Top 50 Scion Asset Management Holdings . Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. 18951. [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. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. 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. ", "Why Is Michael Burry Investing In Water? 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 . Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. We've received your submission. Regulatory disclosures state that firm sells proprietary investments and products. Description. Will any of my assets be invested in those products? Please provide me a list of the products and a summary of how much your firm earns from them. And we will have another inflation spike. Currently, their heaviest sector is Real Estate making up 53.2% of To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Scion Asset Management's public equity portfolio is heavily concentrated. Musk Made a Mess at Twitter. In response, Alibaba has been repurchasing stock in bulk. Steven Cohen's: Point72 Asset Management. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. [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. Data is sourced from 13D/13G, 13F, and N-Q filings. Is your firm affiliated with a law firm in any capacity? Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Thanks for supporting the Wall Street Memes). Saratoga, CA 95070. , Filing Date. 100.0% : DE | Fiscal Year End: 1231. Scion Asset Management General Information. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. 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. For example, front-running is when a financial professional buys or sell securities ahead of their client. 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. 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. Michael Burry . Our system has identified the following conflict alerts. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. . Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Saratoga, CA 95070. Here's what investors need to know about Michael Burry's long positions. [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". The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Which securities does your firm trade for itself that it will also be recommending to me? The majority of the companies in the funds portfolio are large-cap stocks. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. While partners may pay to provide offers or be featured, e.g. The total portfolio value may be much higher due to cash ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. 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. What does this mean? Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. In early January, he posted to his Twitter account that inflation had "peaked," but that this would not be the last peak of the cycle. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Burry has a strictly traditional understanding of value. According to the latest 13F filing from famed investor Michael J. Burry's Scion Asset Management, the hedge fund has added seven new stocks to its portfolio. Firm or related person receives soft-dollar benefits in connection with client securities transactions. What does this mean and why is it important? 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How do these benefits affect the firms selection of a broker-dealer partner? Burry followed up his warning by detailing his own experience with student debt. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. The firm may also use leverage and derivative strategies to increase the rate of client success. What does this mean? For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Portfolio value: $46M+ Period: 2022 Q4. How many times did it occur? Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? What does this mean and why is it important? 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). 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. All requests for updated information should also be reported directly to the SEC and/or FINRA. This means they effectively own 0.6% of the company. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Firm or a related person trades securities for themselves that they also recommend to their clients. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Charlie Munger - Daily Journal Corp. 1001 and 1030). A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. Why doesnt your firm use a secure website? What does this mean? 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. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. JD.com, Inc. (US:JD) Common Stock (US:US19247G1076) FINRA data last verified February 17, 2023. Questions to ask By Steve Burns. Execute maintenance objectives and daily assignments with the Facilities Supervisor. 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 . *SEC data last verified February 17, 2023. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. Warren Buffett's: Berkshire Hathaway. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. In total, Scion Asset Management manages $291.7 million in assets. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. 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. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. 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. He looks for investments in undervalued companies with strong long-term prospects. However, Burry is also known to take an approach that often contradicts what the broad market dictates. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. What does this mean? The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History What does this mean and why is it important? Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. The advisory also believes in using fundamental analysis methods to assess . However, Dr. Burry has a much broader track record in the investing world. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. GameStop Corp. 625 Westport Parkway. Researcher and operations manager at DM Martins Research. 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. 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. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. What does this mean and why is this important? 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: A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Profitability has also been weak. For more information, contact opendata@sec.gov. Several times last year, Burry predicted a stock market crash by betting that inflation would not give way. , Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. [4] As a teenager, he attended Santa Teresa High School. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. Ultimately, Burrys analysis proved right. It would appear that Burry is betting that China will rebound. Burry predicted, "Fed will cut and government will stimulate. U.S Market Open - Market Closes in 49M 55S. What does this mean and why is it important? Quickly find out what the most recently closed or increased positions are. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. 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. 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. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. The portfolio's exposure to China is also thought-provoking. Michael Burry does see a recession coming, but that hasn't stopped himrather his hedge fund Scion Asset Managementfrom stocking up on some positions likely to be hit hard by a downturn. Michael Burry is likely betting on the stocks valuation levels normalizing as we advance, which sounds like a reasonable investment case given Alibabas excellent financials. There are 3 companies that go by the name of Scion Asset Management, LLC.

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