scion asset management scion asset management

Green rows indicate new positions. What does this mean? 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. What happened? T. Black Knight offers blended software, data, and analytics solutions all over the globe. Yes or 66.7% of the portfolio companies Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. are based in the United States. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. For the most up-to-date information, please view the applicable SEC and FINRA reports above. [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. Published on February 27th, 2023 by Nikolaos Sismanis. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. 340.15% 5-Year Performance. 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Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-12-31. The holding were 650,000 shares as of 2021-03-31. 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. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. They manage What does this mean and why is it important? 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. By using this site, you are agreeing to security monitoring and auditing. Here you can find the latest trades based on Burry's 13F filings and insider trades. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). Note: We do not offer technical support for developing or debugging scripted downloading processes. Top 50 Scion Asset Management Holdings . Questions to ask Will anyone that was involved be involved with my accounts in any capacity? All rights reserved. Upgrade to unlock premium data and export to Excel . The company has been growing rapidly over the past few years while retaining compelling profitability levels. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. 2023 NYP Holdings, Inc. All Rights Reserved, King of debt Joe Biden absurdly labels himself a deficit hawk, Teacher Randi Weingartens ignorant, anti-democratic rant, Bidens Ohio failure: Letters to the Editor March 2, 2023, Randi Weingarten has maniacal meltdown at student debt relief rally. 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 . Firm performs side-by-side management with accounts that have differing fee structures. 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. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market Why Didn't the Fed? [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. Portfolio 9 Options 0 Performance. What does this mean? Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. What does this mean? [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. What does this mean? U.S Market Open - Market Closes in 49M 55S. : 000000000 | State of Incorp. 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. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. the total portfolio value. Burry, whose successful bet against subprime mortgages were famously chronicled in the 2015 film The Big Short, delivered the dire forecast as the Supreme Court hears arguments this week on whether President Biden has the authority to cancel student debt. [] However, Dr. Burry has a much broader track record in the investing world. 347 Followers. 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. 1001 and 1030). The firm prefers to employ long/short, market neutral, and activist strategies. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Click the link icon to see the full transaction history. These partnerships do not influence editorial content. Scion Asset Management General Information. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. 100.0% Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. [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. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. In January, Burry made predictions for an economic downturn in 2023. 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. 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. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Changes can be due to trades or changes in share prices. 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. How many times did it occur? 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. [19] He has focused much of his attention on investing in water, gold, and farm land. The impact to a portfolio due to this purchase was 0.65%. While partners may pay to provide offers or be featured, e.g. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Questions to ask What does this mean? Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. and On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Scion Asset Management, LLC Portfolio Never miss a trade. For further detail, see our articles on different types of advisors and financial advisor services. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. . Does your firm perform side-by-side management? Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Questions to ask Following the massive triumph he experienced by successfully predicting the subprime mortgage crisis of 2007-2008, Dr. Michael Burry has grown into a living legend in the world of finance. Designer and entrepreneur Melody Ehsani takes us on a journey from her early days working retail, to designing her first shoes and jewelry lines, to collaborating with Red Hot Chili Peppers and Jordan brand before taking on a bespoke role at Foot Locker. Why does your firm believe in offering commission-based services to clients? Questions to ask He quickly earned extraordinary profits for his investors. 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. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Note: 13F filing performance is different than fund performance. Nothing on this website constitutes, or is meant to constitute, advice of any kind. If you require advice in relation to any financial matter you should consult an appropriate professional. 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. In addition, the fund holds 5,000,000 shares of . Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Please see our General Disclaimers for more information. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Will any of my assets be invested in those products? Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Our Methodology. Regulatory disclosures state that firm sells proprietary investments and products. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Thanks for supporting the Wall Street Memes). To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. 1,517,790 additional shares. 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). 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. Saratoga, CA 95070. 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 conflicts arise from this relationship? , While StockBrokers.com has all data verified by industry participants, it can vary from time to time. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Scion Asset Management's public equity portfolio is heavily concentrated. The current portfolio value is calculated to be $47.00 Mil. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. What does this mean? 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. 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: He also urged investors to liquidate their stocks. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . 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. Michael Burry has been on a buying spree lately. Michael Burry is head of Scion Asset Management. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! What percentage of income does your firm receive from fees versus commissions? FINRA data last verified February 17, 2023. The Scion Asset Management office and employees reside in Saratoga, California. [9] While off duty at night, he worked on his hobby: financial investing. 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. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Keep reading this article to learn more about Scion Asset Management. By Steve Burns. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Thank you for your interest in the U.S. Securities and Exchange Commission. Average metrics of all companies in portfolio . Please provide me a list of the products and a summary of how much your firm earns from them. What does this mean? What does this mean and why is it important? To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. (Disclaimers: this is not investment advice. Red rows indicate closed positions. 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? That would put the U.S. in a recession under "any definition.". 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. Founded in 2018 as an unbiased resource empowering consumers to research and compare financial advisory firms, investor.com today gives consumers the tools to make smart money decisions about credit, retirement planning, and more. 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. For more information, contact opendata@sec.gov. The majority of the companies in the funds portfolio are large-cap stocks. I cover the recent 13F filings and the logic behind Michael Burry's po. What does this mean? Greenhaven Associates Updated 10 Jan 2023. 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