Can I Invest In Scion Asset Management - InvestmentProGuide.com In total, Scion Asset Management manages $291.7 million in assets. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. MGM Resorts International (US:MGM) Portfolio manager(s) are listed as Michael Burry. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. the total portfolio value. [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. Home - sciens water 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 has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. Investor.com is your trustworthy guide to the world of personal finance. 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. 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. Steven Cohen's: Point72 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. [30], Burry is married, with children, and was living in Saratoga, California in 2010. 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. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Bloomberg via Getty Images. For example, front-running is when a financial professional buys or sell securities ahead of their client. $48 Million Michael Burry Portfolio / Scion Asset Management, LLC Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. 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. . Portfolio value: $46M+ Period: 2022 Q4. Keep reading this article to learn more about Scion Asset Management. Verition Fund Management LLC increased its holdings in shares of ScION Tech Growth II (NASDAQ:SCOB - Get Rating) by 153.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Is your firm affiliated with a law firm in any capacity? 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 . Note: 13F filing performance is different than fund performance. Portfolio manager(s) are listed as Michael Burry. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . If you require advice in relation to any financial matter you should consult an appropriate professional. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Scion Asset Management, LLC operates as an investment firm. Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F Link to 13F filings: SEC filings. Heejin Kim and Myungshin Cho (29 August 2019). However, Burry is also known to take an approach that often contradicts what the broad market dictates. EXHIBIT C. July 28, 2019. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. 66.7% of the portfolio companies Here's what investors need to know about Michael Burry's long positions. What does this mean and why is it important? Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! Scion has $638,901,404 assets under management (AUM). Click the link icon to see the full transaction history. Ray Dalio's: Bridgewater Associates. Scion Announces Addition of 20,000 Beds to its Portfolio of Student We reserve the right to block IP addresses that submit excessive requests. 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For the most up-to-date information, please view the applicable SEC and FINRA reports above. 'Big Short' fund manager Burry dumps portfolio, buys prison stock The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. 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 . [] EDGAR Filing Documents for 0001567619-21-010281 - SEC In addition, the fund holds 5,000,000 shares of . 2015-2023 Fintel Ventures LLC. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. 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 . What conflicts arise from this relationship? Top 10 Stocks Held By Scion Asset Management LLC Growth has also been smooth for the company due to the recurring nature of its business model. Alibaba is down 71% from its October 2020 peak. 2023 Reink Media Group LLC. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. The GEO Group Inc (US:GEO) You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . This page was last edited on 1 February 2023, at 20:47 (UTC). The investment fund also strengthened its position in Geo by buying Burry followed up his warning by detailing his own experience with student debt. DATAROMA Invest Alongside Superinvestors Questions to ask Follow Tweet. $48.3 Million Total portoflio value. 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 GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Researcher and operations manager at DM Martins Research. Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel Visit Site, Is this your firm? Saratoga, CA 95070. Is your firm a broker-dealer or are you affiliated with one? Competition has been eating the companys lunch for years, with Wolverine having a hard time sustaining its sales over the past decade, let alone growing them. 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. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. , He had already built a reputation as an investor at the time by exhibiting success in value investing. 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. The firm's asset exposure includes equities, derivatives, and fixed income instruments. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Data is sourced from 13D/13G, 13F, and N-Q filings. 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. What does this mean and why is it important? 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. Performance. What does this mean? 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which All Scion Asset Management, LLC holdings are listed in the following tables. Scion Asset Management is headquartered in Saratoga, California. Thanks for supporting the Wall Street Memes). Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. SCION ASSET MANAGEMENT, LLC. Top 50 Scion Asset Management Holdings . 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. EDGAR Filing Documents for 0001567619-21-015632 - SEC 340.42% 1Y 3Y 5Y 10Y. Reference ID: 0.35841402.1677949840.1dcfc4e. Questions to ask 12.25% 3-Year Performance. What does this mean? It is now the funds second-largest holding, accounting for 18.3% of its holdings. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. The fund has around $291.7 million in assets under management (AUM), $41.3 million of which is allocated to the firms public equity portfolio. 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). He also urged investors to liquidate their stocks. Firm performs side-by-side management with accounts that have differing fee structures. Firm or related person receives soft-dollar benefits in connection with client securities transactions. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. tips_and_updates Financial Advisor Education. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Leadership - The Scion Group 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 . 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. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. Green rows indicate new positions. Scion Asset Management General Information. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. By Steve Burns. All rights reserved. [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. What does this mean? 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. 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%. The third-largest holding is CoreCivic Inc worth $6.41 million and the next is Aerojet Rocketdyne Inc worth $5.3 million, with 132,561 shares owned. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. Upgrade to unlock premium data and export to Excel . How do we make money? , His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. Burry predicted, "Fed will cut and government will stimulate.

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