Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Top 10 Stocks Held By Scion Asset Management LLC 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. 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. 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 misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses. 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. 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. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. SCION ASSET MANAGEMENT - The Economic Times Operating as an online business, this site may be compensated through third party advertisers. Does your firm perform side-by-side management? The Scion Asset Management manager revealed the purchase of seven new There are currently 6 companies in Mr. Burrys portfolio. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Our partners compensate us through paid advertising. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) Why doesnt your firm use a secure website? Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. DATAROMA Superinvestors Portfolio Holdings Current Michael Burry Portfolio 2021 Q1 Update - New Trader U [9] While off duty at night, he worked on his hobby: financial investing. Portfolio value: $46M+ Period: 2022 Q4. Keep reading this article to learn more about Scion Asset Management. 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 . Scion Asset Management, LLC Holdings. What does this mean? 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. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Oils $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? 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. How does your firm approach insurance sales? Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Any data inaccuracies, please contact our team. Dr. Michael Burry Long Gamestop: Sends Letter to Board The average market cap of the portfolio companies is close to $2.02 billion. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. 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. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. He had already built a reputation as an investor at the time by exhibiting success in value investing. Chase Coleman's: Tiger Global Management. Scion Asset Management Review. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. [17] He subsequently liquidated his company to focus on his personal investments. 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. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. 340.42% 1Y 3Y 5Y 10Y. 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). Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet No. 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: Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. Hedge Fund Manager. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). In total, Scion Asset Management manages $291.7 million in assets. What does this mean? Which securities does your firm trade for itself that it will also be recommending to me? [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. What does this mean? The turnover rate is 70%. What conflicts arise from this relationship? Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. . 2023 Reink Media Group LLC. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. [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. 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. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. *SEC data last verified February 17, 2023. Scion Asset Management, LLC Portfolio Never miss a trade. A Self-Regulatory Organization 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. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. 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 Board of Directors. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Heejin Kim and Myungshin Cho (29 August 2019). 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 collapse of the real estate market in 2008 was a key event leading to the global financial crisis. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. By using this site, you are agreeing to security monitoring and auditing. 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. T. Black Knight offers blended software, data, and analytics solutions all over the globe. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. $41.4 million and $41.2 million respectively. Follow Tweet. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. Thank you for your interest in the U.S. Securities and Exchange Commission. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. [19] He has focused much of his attention on investing in water, gold, and farm land. This value is significant in that it is the last known price at which the security was still held. 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. 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. The firm prefers to employ long/short, market neutral, and activist strategies. 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 . Michael Burry Portfolio and News | GuruFocus Filing Date. , Top 50 Scion Asset Management Holdings . Will any of my assets be invested in those products? The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. FINRA data last verified February 17, 2023. Stocks and cryptocurrency portfolio tracker. 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. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. Please declare your traffic by updating your user agent to include company specific information. This form was filed on 2023-02-14 for the reporting period 2022-12-31. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. 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. What does this mean? Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Charlie Munger - Daily Journal Corp. Visit Site, Is this your firm? Grapevine, TX 76051. 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. Bloomberg via Getty Images. Form 13F is required to be filed within 45 days of the end of a calendar quarter. The advisory also believes in using fundamental analysis methods to assess . The fund's top five holdings, which we analyze below, account for 72.2% of its total public . 'Big Short' fund manager Burry dumps portfolio, buys prison stock It would appear that Burry is betting that China will rebound. Current Michael Burry Portfolio 2020 Update - New Trader U 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. Scion Asset Management, LLC - Filing History - Michael Burry - Fintel Scion asset management - What are they investing in Right Now? 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? are based in the United States. Questions to ask Checks take place monthly. 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. 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. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry In his words: All my stock picking is 100% based on the concept of a margin of safety.. Michael Burry is head of Scion Asset Management. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Scion Asset Managements portfolio is diversified across 5 sectors. The hedge fund exited positions including Alphabet Inc. and Facebook . Scion Asset Management feels strongly about Neophotonics Corp and that is the reason they have added about 300000 shares of the firm to their fund. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. 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". Common Stock (US:US19247G1076) 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. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Common Stock (US:US19247G1076) Upgrade to unlock premium data and export to Excel . , Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. This website is provided as is without any representations or warranties, express or implied. 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. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Michael J. Burry is known by most as the Big Short investor due to the eponymous movie revolving around himself and his story during the days of the Great Financial Crisis, a role played by Christian Bale. By Steve Burns. Here you can find the latest trades based on Burry's 13F filings and insider trades. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. Qurate Retail Inc makes up 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. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. 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. Leadership - The Scion Group What does this mean? Average metrics of all companies in portfolio . Does your firm, or anyone associated with the firm, practice as a law firm? 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. What does this mean? 1-Year Performance. Scion Capital returned 489.34% (net of fees and expenses) between November 1, 2000 and June 2008 compared to 3% total return from S&P 500 during the same time frame. 0001567619-21-010281.txt. 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[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. A quarter of the portfolio is made up of consumer discretionary companies. The stock is now traded at around $14.430000. Scion has $638,901,404 assets under management (AUM). [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. In fact, Dr. Burry had showcased such great stock-picking skills that he drew the interest of companies such as Vanguard, White Mountains Insurance Group, and renowned investors such as Joel Greenblatt. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. Scion Asset Management Review | SmartAsset.com 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%. What does this mean? Here's how we make money. Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F Specifically, the company repurchased nearly $9.7 billion worth of stock last year. 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. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. Our system found no disciplinary alerts. Questions to ask Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. 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. EDGAR Filing Documents for 0001567619-21-010281 - SEC They manage Does your fim accept soft-dollar benefits? A good way to understand Burry's thinking and Scion Asset Management's . 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. Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle EDGAR Filing Documents for 0001567619-21-015632 - SEC The Scion Asset Management office and employees reside in Saratoga, California. This means they effectively own 0.6% of the company. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. 0001567619-21-015632. 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. It is now the funds second-largest holding, accounting for 18.3% of its holdings. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock DATAROMA Invest Alongside Superinvestors 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 . Warren Buffett's: Berkshire Hathaway. 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. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). Scion Asset Management Review - MagnifyMoney Questions to ask Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". 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. And we will have another inflation spike. His analysis resulted in him shorting the market by convincing Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as weak. Wolverine World Wide, Inc. (US:WWW) Scion Asset Management's public equity portfolio is heavily concentrated. Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History These partnerships do not influence editorial content. He only looks for their undervalued elements, regardless of their sector and class. The majority of the companies in the funds portfolio are large-cap stocks. Terms of Use | Disclaimers | Privacy Policy. approximately 0.1% of the total holdings value. Questions to ask Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. 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. Burry has a strictly traditional understanding of value. Written by investor.com. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Louis Bacon's: Moore Capital Management. The current portfolio value is calculated to be $47.00 Mil. The Scion Asset Management chief's grim prediction may be coming true, as the S&P 500 and Nasdaq indexes tumbled by 19% and 33% respectively in 2022.