scion asset management

exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. The turnover rate is 70%. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). The portfolio is made up of a total of 102 facilities, including 82,000 beds. Michael Burry's Hedge Fund Scion Buys GEO Stock, Dumps META, GOOGL Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. David Einhorn's: Greenlight Capital. The companys operating segments include Active Group, Work Group, and Lifestyle Group, which individually focus anywhere from casual footwear and apparel to industrial work boots and apparel. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. 2021-08-16. 340.42% 1Y 3Y 5Y 10Y. Is your firm a broker-dealer or are you affiliated with one? SEC Form 13F Filing History. 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). Michael Burry is an American investor, and hedge fund manager. Charlie Munger - Daily Journal Corp. Growth has also been smooth for the company due to the recurring nature of its business model. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. He looks for investments in undervalued companies with strong long-term prospects. 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. Portfolio value: $46M+ Period: 2022 Q4. Grapevine, TX 76051. Firm's/Financial Professional's investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. Reference ID: 0.35841402.1677949840.1dcfc4e. Will anyone that was involved be involved with my accounts in any capacity? Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. 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. How does your firm mitigate them? Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. As a result, we do not support personal reviews on the site. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Michael Burry warns of student loans forgiveness consequences The average market cap of the portfolio companies is close to $2.02 billion. A quarter of the portfolio is made up of consumer discretionary companies. See how we calculate 13F filing performance here. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. It would appear that Burry is betting that China will rebound. This value is significant in that it is the last known price at which the security was still held. Keep reading this article to learn more about Scion Asset Management. We have concerns regarding capital management at . Written by investor.com. T. Black Knight offers blended software, data, and analytics solutions all over the globe. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Changes can be due to trades or changes in share prices. Hedge Fund and Insider Trading News: Michael Burry, Bridgewater He has Rusyn ancestry. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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 . 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. Link to 13F filings: SEC filings. In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. Questions to ask Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance. and Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. , Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider Top 10 Stocks Held By Scion Asset Management LLC The GEO Group Inc (US:GEO) . As a Certified B Corporation, our focus is simple: people before profits. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. [21] In August 2019, Bloomberg News quoted an email from Burry where he said there was a bubble in large US company stocks due to the popularity of passive investing, which "has orphaned smaller value-type securities globally". . These positions were updated on November 14th based on the funds latest 13F filing. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . Ranked #44 out of 483 Hedge Fund Managers. Hedge Fund Manager. 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. Filing Date. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? What does this mean and why is this important? To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. 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. Follow Michael Burry and Buy GEO Stock | InvestorPlace 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. Maintenance Technician Job in Minneota, MN at The Scion Group GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Ultimately, Burrys analysis proved right. Scion Asset Management General Information. 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. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. 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. 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). 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. subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Our system has identified the following conflict alerts. So while Michael Burry's hedge fund has about $46.5 million in long positions reported in its 13F, it is likely that behind this may be another "big short." Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. 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. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Michael Burry - Wikipedia What does this mean? The Scion Group is the largest owner/operator of off-campus student housing communities globally. These conflicts can negatively impact clients via hidden fees and overall higher costs. "[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. 12.25% 3-Year Performance. The fund only has four clients. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Scion Asset Management, LLC's top holdings are Will any of my assets be invested in those products? What does this mean? DATAROMA Invest Alongside Superinvestors This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. In response, Alibaba has been repurchasing stock in bulk. [9][31][6], He is a fan of heavy metal music, including bands such as Obituary, Lamb of God, Amon Amarth, Slipknot, King Diamond and Pantera. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. MGM Resorts International (US:MGM) Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. 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. [5][6][7], He studied economics and pre-med at the University of California, Los Angeles, earned an MD degree from the Vanderbilt University School of Medicine,[6] and started but did not finish his residency[8] in pathology at Stanford University Medical Center. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. Some of the largest purchases done by Scion Asset Management are follows: Ace Ltd; The hedge fund owns about 50000 shares of ACE Ltd, which reflects about 7.89% of their portfolio. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Michael Burry Portfolio and News | GuruFocus Geo dropped approximately 0.1% in the past year. Our system found no disciplinary alerts. Scion Asset Management Review - MagnifyMoney WRITE REVIEW. Scion Asset Management's Portfolio - All 9 Public Equity Investments. Scion employs over 1,750 team members and has over $9 billion of assets under . The fund focuses on investments in the United States as Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. What does this mean and why is it important? Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. He had already built a reputation as an investor at the time by exhibiting success in value investing. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. What does this mean? 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. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. 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. This page was last edited on 1 February 2023, at 20:47 (UTC). Address: 20665 4th Street Suite 201. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. 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. The total portfolio value may be much higher due to cash What percentage of income does your firm receive from fees versus commissions? 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. Questions to ask He then left to start his own hedge fund. Scion Asset Management 13F annual report (2023) | wallmine Not only did he make a personal profit of $100 million, but his remaining investors earned more than $700 million. Yes or 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? . Our partners compensate us through paid advertising.

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