scion asset management

So is Burry less bearish on the U.S. economy than he was last year? BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Portfolio 9 Options 0 Performance. Scion Asset Management, LLC operates as an investment firm. Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. Scion Asset Management Holdings Heatmap . The fund only has four clients. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. We have concerns regarding capital management at . Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Scion Asset Management's Portfolio - All 9 Public Equity Investments. The investment fund's only holding now is The . Questions to ask Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). 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. There are currently 6 companies in Mr. Burrys portfolio. We use the change in the portfolio allocation because this is the most meaningful metric. has disclosed 9 total holdings in their latest SEC filings. Terms of Use | Disclaimers | Privacy Policy. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. 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. 223.17% 10-Year Performance. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. David Einhorn's: Greenlight Capital. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. 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. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. 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 . Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? Should I Hire a Financial Advisor or DIY It? 2015-2023 Fintel Ventures LLC. What does this mean? Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. When? Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. The average market cap of the portfolio companies is close to $2.02 billion. [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. It's worth noting that more than a third of Scion Asset Management's portfolio is now made up of companies in the industrial sector. Relative to the previous quarter there was a little reshuffling of his holdings. 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. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. , Top 50 Scion Asset Management Holdings . In January, Burry made predictions for an economic downturn in 2023. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). The firm may also use leverage and derivative strategies to increase the rate of client success. Louis Bacon's: Moore Capital Management. Unlike HTTPS connections, HTTP connections are not encrypted. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Hedge funds are required to report only their long positions, not their short positions. 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 is an American investor, and hedge fund manager. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Will any of my assets be invested in those products? However, Dr. Burry has a much broader track record in the investing world. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Geo dropped approximately 0.1% in the past year. Also, the article may contain affiliate links. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Saratoga, CA 95070. , Thanks for supporting the Wall Street Memes). Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? 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. Yes or The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. and 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. 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. Here's what investors need to know about Michael Burry's long positions. The firm prefers to employ long/short, market neutral, and activist strategies. Why does your firm believe in offering commission-based services to clients? 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 . Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. 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. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. The investment fund also strengthened its position in Geo by buying The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. [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. T. Black Knight offers blended software, data, and analytics solutions all over the globe. , The investing legend was one of the first people to recognize the massive risk in the pre-2007 sub-prime real estate market the then unknown money manager bet over $1 billion that sub-prime would implode. What does this mean? The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Back on April 10, 2020, Michael Burry, who gained fame as a major character in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME) disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME's outstanding shares. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. What does this mean? During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 7.5% over the same time period. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which documented the history and events leading up to his contrarian but hugely successful bet against the real estate market in 2008. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. The hedge fund exited positions including Alphabet Inc. and Facebook . John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Questions to ask Link to 13F filings: SEC filings. *SEC data last verified February 17, 2023. Data is sourced from 13D/13G, 13F, and N-Q filings. Common Stock (US:US19247G1076) Why Didn't the Fed? Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. For further detail, see our articles on different types of advisors and financial advisor services. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. SCION ASSET MANAGEMENT, LLC | 2,358 followers on LinkedIn. 66.7% of the portfolio companies Michael Burry is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. Others say the plan is too costly and burdensome on taxpayers. For the most up-to-date information, please view the applicable SEC and FINRA reports above. $41.4 million and $41.2 million respectively. He became famous when he was played by Christian Bale in the blockbuster movie 'The Big Short' based on the best selling book by author Michael Lewis.Dr. 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. (Disclaimers: this is not investment advice. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. 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. Scion's new purchases consist of . 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. Checks take place monthly. What does this mean? The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. 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. Qurate Retail Inc makes up The impact to a portfolio due to this purchase was 0.65%. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. We've received your submission. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). The Company serves clients in the United States. Updated 05 Jan 2023. Firm or a related person trades securities for themselves that they also recommend to their clients. A regulatory agency other than 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. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. 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. Questions to ask SCION ASSET MANAGEMENT, LLC. More than 90% of the beds are located in the US. See how we calculate 13F filing performance here. 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. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Please declare your traffic by updating your user agent to include company specific information. The latest quarterly filing from Scion Asset ManagementMichael Burry's firmshows no bearish bets against the electric-vehicle giant Tesla The loss of a notable bear appears to be giving .

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