scion asset management scion asset management

and 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. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. 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. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. 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. The firm's asset exposure includes equities, derivatives, and fixed income instruments. 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). The portfolio's exposure to China is also thought-provoking. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. The company has been growing rapidly over the past few years while retaining compelling profitability levels. 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. 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. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. The hedge fund exited positions including Alphabet Inc. and Facebook . Follow Tweet. Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. . Thank you for your interest in the U.S. Securities and Exchange Commission. What does this mean? Please declare your traffic by updating your user agent to include company specific information. Wolverine World Wide, Inc. (US:WWW) So is Burry less bearish on the U.S. economy than he was last year? Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. . This form was filed on 2023-02-14 for the reporting period 2022-12-31. Portfolio manager(s) are listed as Michael Burry. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. What does this mean and why is this important? Checks take place monthly. [] Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Scion Asset Management Review. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. 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 . While this can be seen as "eating your own cooking," there are conflicts that may arise. Questions to ask Address: 20665 4th Street Suite 201. Scion Asset Management Holdings Heatmap . Please provide me a list of the products and a summary of how much your firm earns from them. Scion Asset Management, LLC Portfolio Never miss a trade. There are 3 companies that go by the name of Scion Asset Management, LLC. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. For further detail, see our articles on different types of advisors and financial advisor services. Michael Burry has been on a buying spree lately. Does your firm perform side-by-side management? By Steve Burns. No. 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. Profitability has also been weak. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. * Reported Price is the price of the security as of the portfolio date. 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. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. [30], Burry is married, with children, and was living in Saratoga, California in 2010. A Self-Regulatory Organization 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 percentage of income does your firm receive from fees versus commissions? After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. 12.25% 3-Year Performance. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. This means they effectively own 0.6% of the company. For example, front-running is when a financial professional buys or sell securities ahead of their client. Monte Huber is responsible for leading Scion's financial planning, reporting and risk management. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Does your firm, or anyone associated with the firm, practice as a law firm? Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. 1-Year Performance. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. Stocks with a size of more than $10 billion in market cap make up He also believes that he expects growth in the consumer price index (CPI) to come down and be possibly negative in the second half of 2023. Questions to ask 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. are based in the United States. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. How many times did it occur? Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. Some firms receive these fees as payments, which creates an incentive to promote them. 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. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. For more information, please see the SECs Web Site Privacy and Security Policy. Scion has $638,901,404 assets under management (AUM). During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. and Burry followed up his warning by detailing his own experience with student debt. He has Rusyn ancestry. U.S Market Open - Market Closes in 49M 55S. Since Jun 2013. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. By using this site, you are agreeing to security monitoring and auditing. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. Investors profit from puts when the . Top 50 Scion Asset Management Holdings . Michael Burry of Scion Asset Management. It is now the funds second-largest holding, accounting for 18.3% of its holdings. See the articles below for analysis on other major investment firms/asset managers/gurus: If you are interested in finding more high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful: The major domestic stock market indices are another solid resource for finding investment ideas. Scion Asset Management Q4 '22 Top Holdings (Author Spreadsheet 13F Data) Largely unrelated to one's personal attitude or opinion of Michael Burry, there are few 13F's in the industry that are more . Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. SCION ASSET MANAGEMENT, LLC: CHIEF EXECUTIVE OFFICER: direct: 2013-03-01: CLARKE BENNITT MANAGEMENT, LP: PRINCIPLE OWNER: indirect: 2005-02-01: 2006-01-20: BURRY, ANH-THI: TRUSTEE THE BURRY 2003 REVOCABLE TRUST: 05/01/2003: Indirect Other: Fund Name Position direct/indirect start date end date; SCION ASSET MANAGEMENT, LLC: We have concerns regarding capital management at . compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC.