scion asset management

The Servicing Digital segment offers web and mobile solutions for consumers that deliver easy access to customized, timely information about their mortgages. There are 3 companies that go by the name of Scion Asset Management, LLC. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. 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. Follow Tweet. What does this mean and why is it 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. See how we calculate 13F filing performance here, Scion Asset Management / Michael Burry holdings now, Scion Asset Managements Fund Manager, Michael Burry, Scion Asset Managements Investment Philosophy & Strategy, Scion Asset Managements Noteworthy Portfolio Changes, Scion Asset Managements Portfolio All 9 Public Equity Investments, 20 Highest Yielding Monthly Dividend Stocks, Liberty Latin America Ltd Class C (LILAK). What does this mean? In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . The GEO Group Inc (US:GEO) . We've received your submission. In total, Scion Asset Management manages $291.7 million in assets. The Board of Directors. 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. Form 13F is required to be filed within 45 days of the end of a calendar quarter. Scion Asset Management, the firm of "The Big Short" investor Michael Burry, disclosed this week that during the fourth quarter of 2019, it closed its holding in Bed Bath & Beyond Inc. (NASDAQ:BBBY . A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. These positions were updated on November 14th based on the funds latest 13F filing. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Questions to ask 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. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. These filings are called "notice filings". However, Burry is also known to take an approach that often contradicts what the broad market dictates. 1-Year Performance. The hedge fund exited positions including Alphabet Inc. and Facebook . The impact to a portfolio due to this purchase was 0.65%. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. For more information, contact opendata@sec.gov. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. 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. [4] As a teenager, he attended Santa Teresa High School. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Founded in 2018 as an unbiased resource empowering consumers to research and compare financial advisory firms, investor.com today gives consumers the tools to make smart money decisions about credit, retirement planning, and more. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Point72 Asset Management . I was damned sure I was going to pay it off. Some firms receive these fees as payments, which creates an incentive to promote them. 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. Firm or a related person trades securities for themselves that they also recommend to their clients. [13], In 2005, Burry started to focus on the subprime market. 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. And we will have another inflation spike. , The firm's website is not secure by modern internet standards. Michael Burry has been on a buying spree lately. Will any of my assets be invested in those products? 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'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. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. I cover the recent 13F filings and the logic behind Michael Burry's po. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. What does this mean and why is it important? Hedge Fund Manager. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? Portfolio value: $46M+ Period: 2022 Q4. At the age of two he lost his left eye to retinoblastoma[3] and has had a prosthetic eye ever since. Thank you for your interest in the U.S. Securities and Exchange Commission. Scion Asset Management's Portfolio - All 9 Public Equity Investments. Follow Tweet. Questions to ask 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. As InvestorPlace's Eddie Pan reported on Aug. 15, Burry's firm Scion Asset Management has sold all of its U.S.-listed positions except for one GEO. When? Burry followed up his warning by detailing his own experience with student debt. * Reported Price is the price of the security as of the portfolio date. Eventually Burry closed his fund and retired. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. Note: 13F filing performance is different than fund performance. . [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Published on February 27th, 2023 by Nikolaos Sismanis. And we could be headed for another recession. [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. 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. 20665 4th Street, Suite 201. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. 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. And it is notwater is political, and litigious. 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. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Keep reading this article to learn more about Scion Asset Management. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. We have concerns regarding capital management at . As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. [17] He subsequently liquidated his company to focus on his personal investments. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Will anyone that was involved be involved with my accounts in any capacity? 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. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. This makes their stake in Geo total 2,019,150 shares worth $15.5 million. Scion's current portfolio consists of nearly 82,000 beds of student accommodations in 126 communities, serving 76 college and university markets across 33 U.S. states. 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. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. There are currently 6 companies in Mr. Burrys portfolio. 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. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. The Scion Group is the largest owner/operator of off-campus student housing communities globally. If you require advice in relation to any financial matter you should consult an appropriate professional. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Latest Holdings, Performance, AUM (from 13F, 13D). Why does your firm believe in offering commission-based services to clients? Michael Burry is head of Scion Asset Management. Questions to ask Black Knight Inc (US:BKI) , The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. Relative to the previous quarter there was a little reshuffling of his holdings. [18][16], In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser (ERA) active in the state of California and approved by the SEC. Does your firm offer mutual funds that have 12b-1 fees? 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. Scion Asset Management. financing, asset management, . [14][15][16], During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-12-31. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. What percentage of income does your firm receive from fees versus commissions? Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. What does this mean? Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. *SEC data last verified February 17, 2023. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. Why Didn't the Fed? Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Questions to ask Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. What does this mean? 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. 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. 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 . Firm or related person receives soft-dollar benefits in connection with client securities transactions. The firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. What does this mean? Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Bruce Berkowitz's: Fairholme Capital Management. Changes can be due to trades or changes in share prices. Our system found no disciplinary alerts. 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. The companys vast portfolio of products includes optical and electro-optical components and materials, fiber lasers, infrared optical components, and high-precision optical assemblies, amongst others. Louis Bacon's: Moore Capital Management. What does this mean and why is it important? Data is sourced from 13D/13G, 13F, and N-Q filings. Yes or Musk Made a Mess at Twitter. 1001 and 1030). And JD.com is in a similar situation, being 57% below its peak in February 2021. Should I Hire a Financial Advisor or DIY It? According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. 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. What does this mean and why is it important? , Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. tips_and_updates Financial Advisor Education. 12.25% 3-Year Performance. The company has been growing rapidly over the past few years while retaining compelling profitability levels. The Scion Asset Management office and employees reside in Saratoga, California. 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 . GameStop Corp. 625 Westport Parkway. 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 Holdings.