scion asset management

What does this mean? However, Dr. Burry has a much broader track record in the investing world. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? No. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. 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 felony. What does this mean? According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. $48.3 Million Total portoflio value. What does this mean? , What does this mean? The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. Terms of Use | Disclaimers | Privacy Policy. Bill Ackman's: Pershing Square Capital Management. Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Leadership - The Scion Group Description. Can I Invest In Scion Asset Management - InvestmentProGuide.com A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. There are currently 6 companies in Mr. Burry's portfolio. 'Big Short' Michael Burry Reveals Options Bet Against Elon Musk, Tesla Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. 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. 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. 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). SCION ASSET MANAGEMENT, LLC SC 13D Filing Concerning GME on 2020-04-02 Scion Asset Management - Michael Burry - Insider Monkey SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA , 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. Investors profit from puts when the . The company has been growing rapidly over the past few years while retaining compelling profitability levels. 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. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. 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. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information While many fund managers and successful investors such as Cathie Wood are talking about their ideas several times a week in the news, Burry is more quiet. Thanks for supporting the Wall Street Memes). [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. . He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. Point72 Asset Management . He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Scion's new purchases consist of . 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. Scion Asset Management General Information. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Scion Asset Management Portfolio | Michael Burry 13F Holdings & Trades The Scion Asset Management manager revealed the purchase of seven new Stocks with a size of more than $10 billion in market cap make up With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. 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. The impact to a portfolio due to this purchase was 0.65%. Scion Asset Management, LLC "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. 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's not hard.". Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. Yes or Firm or related person receives soft-dollar benefits in connection with client securities transactions. His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. 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. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. He also urged investors to liquidate their stocks. SCION ASSET MANAGEMENT, LLC | LinkedIn The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. See the Top Performing Hedge-Funds > Michael Burry . Visit Site, Is this your firm? Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. The Board of Directors. Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Updated 05 Jan 2023. Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. 0001567619-21-015632. We have concerns regarding capital management at . These positions were updated on November 14th based on the funds latest 13F filing. , . compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). Bruce Berkowitz's: Fairholme Capital Management. All rights reserved. Scion employs over 1,750 team members and has over $9 billion of assets under . More than 90% of the beds are located in the US. Scion Asset Management 13F annual report. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Common Stock (US:US19247G1076) Louis Bacon's: Moore Capital Management. Investor.com is your trustworthy guide to the world of personal finance. Current Michael Burry Portfolio 2020 Update - New Trader U Data is sourced from 13D/13G, 13F, and N-Q filings. Most recent portfolio value is calculated to be $ 46,536,925 USD. 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. U.S Market Open - Market Closes in 49M 55S. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. It is now the funds third-largest holding, accounting for 12.8% of its holdings. [17] He subsequently liquidated his company to focus on his personal investments. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. About Us - Scion Advisory What does this mean? Will any of my assets be invested in those products? 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. 'Big Short' Michael Burry Invested Twice in Bed Bath & Beyond Stock 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. Firm performs side-by-side management with accounts that have differing fee structures. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. For example, front-running is when a financial professional buys or sell securities ahead of their client. At 06/30/2022: $3,309. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Scion Asset Management Holdings Heatmap . subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. .