GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Questions to ask What does this mean and why is it important? 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. The turnover rate is 70%. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. 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. Scion Asset Management, LLC operates as an investment firm. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. SkyWest, Inc. (US:SKYW) 0001567619-21-015632. [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. Stocks and cryptocurrency portfolio tracker. Michael Burry reveals new stock bets after previously dumping entire 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. How many times did it occur? 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. Scion was up 55%. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. PDF Form Adv - Sec Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Burry was born and grew up in San Jose, California. , whose value fell approximately 0.1% in the past six months. Cassandra B.C. (@michaeljburry) / Twitter Thank you for your interest in the U.S. Securities and Exchange Commission. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Growth has also been smooth for the company due to the recurring nature of its business model. Scion Asset Management 13F annual report (2023) | wallmine These partnerships do not influence editorial content. Michael Burry does see a recession coming, but that hasn't stopped himrather his hedge fund Scion Asset Managementfrom stocking up on some positions likely to be hit hard by a downturn. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which The portfolio's exposure to China is also thought-provoking. Precisely because he doesnt focus on a specific industry and because the essence of financial metrics shifts by industry and each companys place in the economic cycle, Dr. Burry utilizes the ratio of enterprise value (EV) to EBITDA when researching investment ideas. Thanks for supporting the Wall Street Memes). Why does your firm believe in offering commission-based services to clients? This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Apply for Trusted badge. Scion Asset Management Review 2023 | investor.com documented the history and events leading up to his contrarian but hugely successful bet against the real estate market 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. John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. Leadership - The Scion Group The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. "[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. February 17, 2023. The portfolio is made up of a total of 102 facilities, including 82,000 beds. DATAROMA Invest Alongside Superinvestors With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com's Trust Score algorithm or review process. Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Please declare your traffic by updating your user agent to include company specific information. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. 1-Year Performance. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. What does this mean and why is this important? To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Based in Saratoga, Calif., Scion has just six employees, two of whom . Hedge Fund and Insider Trading News: Michael Burry, Bridgewater Questions to ask [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. Scion Asset Management's Portfolio - All 9 Public Equity Investments. $48.3 Million Total portoflio value. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. The firm's website is not secure by modern internet standards. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Published on February 27th, 2023 by Nikolaos Sismanis. Scion Asset Management, LLC - Dover DE, Madison WI, and Saratoga CA The firm prefers to employ long/short, market neutral, and activist strategies. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Tesla Stock Gets a Lift as 'Big Short' Investor Michael Burry Exits Bet Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. 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. What does this mean and why is this important? When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt, Burry tweeted Wednesday. 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. What does this mean? Shares of Chinese e-commerce behemoth Alibaba have remained under pressure despite the company generating rather robust revenues given the ongoing trading environment. the total portfolio value. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. 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. [30], Burry is married, with children, and was living in Saratoga, California in 2010. There are currently 6 companies in Mr. Burrys portfolio. JD.com, Inc. (US:JD) assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. What does this mean? Qurate Retail Inc makes up Please send any feedback, corrections, or questions to support@suredividend.com. What does this mean? As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. (Disclaimers: this is not investment advice. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. 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. Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. Portfolio manager(s) are listed as Michael Burry. Finally, the Loss Mitigation segment develops solutions that support retention and liquidation workouts. Quickly find out what the most recently closed or increased positions are. Michael Burry's Scion Asset Management Buys 5 Stocks in the - Yahoo! Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. in 2008. ", "Why Is Michael Burry Investing In Water? [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. : 000000000 | State of Incorp. Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. They manage Scion's new purchases consist of . 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 . Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle He has said, "Fresh, clean water cannot be taken for granted. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. These positions were updated on November 14th based on the funds latest 13F filing. Description. Scion Asset Management currently serves clients in the following states: CA, TN. Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time. Others say the plan is too costly and burdensome on taxpayers. "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. The fund focuses on investments in the United States as Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. These companies are located in Dover DE, Madison WI, and Saratoga CA. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Scion Asset Management, LLC - Filing History - Michael Burry - Fintel 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. Scion Asset Management - Michael Burry - Insider Monkey It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Changes can be due to trades or changes in share prices. , What conflicts arise from this relationship? Will any of my assets be invested in those products? Keep reading this article to learn more about Scion Asset 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. 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. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Geo dropped approximately 0.1% in the past year.
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