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 . Data is sourced from 13D/13G, 13F, and N-Q filings. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. Follow Tweet. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 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). Regulatory disclosures state that firm sells proprietary investments and products. 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. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Charlie Munger - Daily Journal Corp. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. This means they effectively own 0.6% of the company. 'Big Short' fund manager Burry dumps portfolio, buys prison stock Participation in the Certification program, including the payment of an annual fee to investor.com, does not guarantee or in any way bias investor.com's decision to award "Trusted by investor.com" status, and "Trusted by investor.com" status shall not constitute or be construed as an endorsement of any firm by investor.com. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. Ranked #44 out of 483 Hedge Fund Managers. What does this mean? , Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. 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). 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. Michael Burry is Betting Everything on These 6 Stocks Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. 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 . Questions to ask Scion Asset Management's public equity portfolio is heavily concentrated. What does this mean and why is it important? The GEO Group: Michael Burry Is Teaching The Market A Lesson - SeekingAlpha Specifically, the company repurchased nearly $9.7 billion worth of stock last year. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq 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. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Scion's new purchases consist of . $41.4 million and $41.2 million respectively. Any data inaccuracies, please contact our team. "[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. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. He then left to start his own hedge fund. What conflicts do I need to be made aware of? Investor.com is your trustworthy guide to the world of personal finance. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. The hedge fund exited positions including Alphabet Inc. and Facebook . 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. Red rows indicate closed positions. Will any of my assets be invested in those products? A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. 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. 1,517,790 additional shares. I cover the recent 13F filings and the logic behind Michael Burry's po. Written by investor.com. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . The Scion Asset Management office and employees reside in Saratoga, California. The firm's asset exposure includes equities, derivatives, and fixed income instruments. The stock is now traded at around $14.430000. Please provide me a list of the products and a summary of how much your firm earns from them. Firm or a related person trades securities for themselves that they also recommend to their clients. , As a Certified B Corporation, our focus is simple: people before profits. Why Didn't the Fed? Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. What does this mean? "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. In total, Scion Asset Management manages $291.7 million in assets. This video discusses the update to Michael Burry's portfolio (Scion Asset Management). It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. 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. He also urged investors to liquidate their stocks. Scion Asset Management, LLC - Filing History - Michael Burry - Fintel Will anyone that was involved be involved with my accounts in any capacity? Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. 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 | LinkedIn Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. The firm's website is not secure by modern internet standards. [] Burry's Scion sold all Gamestop shares in Q4 before GME went Does your firm offer mutual funds that have 12b-1 fees? And we could be headed for another recession. Scion Asset Management, LLC Portfolio Never miss a trade. Eventually Burry closed his fund and retired. Scion Asset Management, LLC Home - sciens water Scion Asset Management Review 2023 | investor.com And JD.com is in a similar situation, being 57% below its peak in February 2021. The portfolio is made up of a total of 102 facilities, including 82,000 beds. What does this mean? Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. 1001 and 1030). Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. and Burry followed up his warning by detailing his own experience with student debt. Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider This could also limit the number and diversity of investment options available and may impact their transferability. Checks take place monthly. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. What does this mean? Operating as an online business, this site may be compensated through third party advertisers. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. As of 7th November 2022, Scion Asset Managements top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. EDGAR Filing Documents for 0001567619-21-010281 - SEC I was damned sure I was going to pay it off.. [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. Is your firm affiliated with a law firm in any capacity? Does your firm, or anyone associated with the firm, practice as a law firm? 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. IAPD - Investment Adviser Public Disclosure - Homepage Scion Asset Management 13F annual report (2023) | wallmine Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. 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. Follow Michael Burry and Buy GEO Stock | InvestorPlace 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). . GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Questions to ask Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. On this Wikipedia the language links are at the top of the page across from the article title. What does this mean and why is it important? Point72 Asset Management . 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 . Scion Asset Management 13F annual report. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. I was damned sure I was going to pay it off. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. What does this mean and why is it important? Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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 current portfolio value is calculated to be $47.00 Mil. Questions to ask Burry was born and grew up in San Jose, California. Researcher and operations manager at DM Martins Research. T. Black Knight offers blended software, data, and analytics solutions all over the globe. Does your firm perform side-by-side management? Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. 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. And we will have another inflation spike. 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 average market cap of the portfolio companies is close to $2.02 billion. GameStop Corp. 625 Westport Parkway. Financial plans and investment portfolios are always unique to the client's personal financial situation. Why doesnt your firm use a secure website? Thanks for supporting the Wall Street Memes). If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. PDF Form Adv - Sec A good way to understand Burry's thinking and Scion Asset Management's . 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. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. All requests for updated information should also be reported directly to the SEC and/or FINRA. Which securities does your firm trade for itself that it will also be recommending to me? 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. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. If you require advice in relation to any financial matter you should consult an appropriate professional. Questions to ask , whose value fell approximately 0.1% in the past six months. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. EXHIBIT C. July 28, 2019. Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F The majority of the companies in the funds portfolio are large-cap stocks. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. [19] He has focused much of his attention on investing in water, gold, and farm land. Saratoga, CA 95070. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Scion Asset Management Urges GameStop to Buy Back $238 Million of Stock 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. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Please send any feedback, corrections, or questions to support@suredividend.com. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Portfolio Gain +257.56%. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. U.S Market Open - Market Closes in 49M 55S. The fund only has four clients. What does this mean? [17] He subsequently liquidated his company to focus on his personal investments. 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. Green rows indicate new positions. 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. Execute maintenance objectives and daily assignments with the Facilities Supervisor. tips_and_updates Financial Advisor Education. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. Reference ID: 0.35841402.1677949840.1dcfc4e. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. 347 Followers. 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. Here's how we make money. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History How many times did it occur? Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. [9] While off duty at night, he worked on his hobby: financial investing. Thank you for your interest in the U.S. Securities and Exchange Commission. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Published on February 27th, 2023 by Nikolaos Sismanis. All Scion Asset Management, LLC holdings are listed in the following tables. 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 . Scion Asset Management 13F annual report (2023) | wallmine Michael Burry is an American investor, and hedge fund manager. . SCION ASSET MANAGEMENT - The Economic Times This makes their stake in Geo total 2,019,150 shares worth $15.5 million. While this can be seen as "eating your own cooking," there are conflicts that may arise. What does this mean? The Company serves clients in the United States. Scion Asset Management Review | SmartAsset.com When? Burry even ended up selling 99% of his positions in 2022, including Alphabet (GOOGL) - Get Free Report, Warner Bros Discovery (WBD) - Get Free Report, and Meta (META) - Get Free Report, leaving only his position in GEO Group.