On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Scion Asset Management Review | SmartAsset.com 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 and why is it important? Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. Coherent Corp. produces and manufactures, and sells engineered materials, optoelectronic components, and devices internationally. Thanks for supporting the Wall Street Memes). Fintel is a registered trademark. He also urged investors to liquidate their stocks. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Based in Saratoga, Calif., Scion has just six employees, two of whom . Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. 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. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. What does this mean? Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. 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. 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. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. All requests for updated information should also be reported directly to the SEC and/or FINRA. There are 3 companies that go by the name of Scion Asset Management, LLC. Form 13F is required to be filed within 45 days of the end of a calendar quarter. 223.17% 10-Year Performance. He had already built a reputation as an investor at the time by exhibiting success in value investing. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. What does this mean? He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. [4] As a teenager, he attended Santa Teresa High School. The firm's website is not secure by modern internet standards. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Top 50 Scion Asset Management Holdings . With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. Scion Asset Management Review - MagnifyMoney A quarter of the portfolio is made up of consumer discretionary companies. Our team combines decades of experience in all aspects of campus housing: residential life administration, real estate finance, program and asset management, plus practical knowledge from the ownership . This value is significant in that it is the last known price at which the security was still held. Yes or Point72 Asset Management . Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. * Reported Price is the price of the security as of the portfolio date. Scion Asset Management Holdings Heatmap . Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Michael Burry is Betting Everything on These 6 Stocks Why doesnt your firm use a secure website? Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. 100.0% *SEC data last verified February 17, 2023. 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. PDF Form Adv - Sec Michael Burry's Scion hedge fund disclosed holdings for first time in 2 Musk Made a Mess at Twitter. 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. Address: 20665 4th Street Suite 201. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Please see our General Disclaimers for more information. Financial plans and investment portfolios are always unique to the client's personal financial situation. Checks take place monthly. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. In his words: All my stock picking is 100% based on the concept of a margin of safety.. The fund focuses on investments in the United States as Which securities does your firm trade for itself that it will also be recommending to me? Follow Tweet. Changes can be due to trades or changes in share prices. Scion Asset Management 13F annual report. The hedge fund exited positions including Alphabet Inc. and Facebook . How do these benefits affect the firms selection of a broker-dealer partner? Here's what investors need to know about Michael Burry's long positions. 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. Whoopi Goldberg admits 'politics got in the way' of COVID- REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, US home prices just did something they haven't done since 2012, JPMorgan Chase requires some workers give 6 months notice before quitting, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Rebel Wilson says Meghan Markle isnt as naturally warm as Prince Harry, Kristen Doute supports Ariana Madix amid mutual ex Tom Sandovals scandal, Celeb-loved jewelry brand Dorsey drops dazzling new styles, March 4, 1984: Martina Navratilova defeats Chris Evert at MSG, Tom Sandoval breaks silence on Ariana Madix split amid cheating claims, Canadian teacher with size-Z prosthetic breasts placed on paid leave. What does this mean? U.S Market Open - Market Closes in 49M 55S. What does this mean and why is it important? Will any of my assets be invested in those products? See how we calculate 13F filing performance here. Researcher and operations manager at DM Martins Research. Updated 05 Jan 2023. That said, the company has navigated these challenges quite competently, which, combined with its deep-value characteristics, explained why Dr. Burry has bet heavily on The GEO Group. Burry followed up his warning by detailing his own experience with student debt. Does your fim accept soft-dollar benefits? Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. What conflicts arise from this relationship? "Trusted by investor.com" status is reserved to those financial advisor firms meeting investor.com's strict requirements, beginning with earning no less than a 4.5 to 5 -star rating based on investor.com's independent Trust algorithm analysis. Michael Burry's Scion Asset Management Buys 5 Stocks in the - Yahoo! While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. As a result, we do not support personal reviews on the site. 408-441-8400 Scion Asset Management's public equity portfolio is heavily concentrated. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. There are currently 6 companies in Mr. Burrys portfolio. Geo dropped approximately 0.1% in the past year. [9] While off duty at night, he worked on his hobby: financial investing. Louis Bacon's: Moore Capital Management. 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. The investment fund's only holding now is The . 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 holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. What does this mean? Scion Asset Management General Information. Green rows indicate new positions. What does this mean? All rights reserved. All Scion Asset Management, LLC holdings are listed in the following tables. [30], Burry is married, with children, and was living in Saratoga, California in 2010. In that case, interest rates would pivot and rates would be cut while the government would announce a stimulus package to help households suffering from a failing economy. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. These conflicts can negatively impact clients via hidden fees and overall higher costs. Please provide me a list of the products and a summary of how much your firm earns from them. Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel , 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. , [17] He subsequently liquidated his company to focus on his personal investments. [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. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. The stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Common Stock (US:US19247G1076) Scion Asset Management, LLC's new positions include IAPD - Investment Adviser Public Disclosure - Homepage Hedge Fund and Insider Trading News: Michael Burry, Bridgewater It is now the funds third-largest holding, accounting for 12.8% of its holdings. What percentage of income does your firm receive from fees versus commissions? How does your firm approach insurance sales? Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. While this can be seen as "eating your own cooking," there are conflicts that may arise. Any data inaccuracies, please contact our team. Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades Ranked #44 out of 483 Hedge Fund Managers. Nevertheless, it is Dr. Burrys legendary plays prior to the Great Financial Crisis, and the massive returns that followed that pushed his name into the international spotlight. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. Questions to ask To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Dr. Burry Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Michael Burry reveals new stock bets after previously dumping entire These partnerships do not influence editorial content. This means they effectively own 0.6% of the company. Keep reading this article to learn more about Scion Asset Management. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. , Accordingly, he disregards price-to-earnings ratios to dodge being deceived by a companys stated metrics. SkyWest, Inc. (US:SKYW) 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. the total portfolio value. Questions to ask These filings are called "notice filings". And it is notwater is political, and litigious. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Chase Coleman's: Tiger Global Management. 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. Operating as an online business, this site may be compensated through third party advertisers. Dear Members of the Board, Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,000,000 shares, or about 2.21%, of GameStop, Inc. ("GameStop") common stock. Scion Asset Management, LLC operates as an investment firm. And JD.com is in a similar situation, being 57% below its peak in February 2021. 340.15% 5-Year Performance. The GEO Group Inc (US:GEO) Scion Asset Management's Portfolio - All 9 Public Equity Investments. Scion Asset Management LLC - Company Profile and News What does this mean? 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. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. Our Methodology. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. has disclosed 9 total holdings in their latest SEC filings. It is now the funds second-largest holding, accounting for 18.3% of its holdings. , 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.