scion asset management

You can download an Excel spreadsheet with metrics that matter of Scion Asset Managements current 13F equity holdings below: Click here to instantly download your free spreadsheet of all Scion Asset Management / Michael Burry holdings now, along with important investing metrics. This means they effectively own 0.6% of the company. 'Big Short' fund manager Burry dumps portfolio, buys prison stock Our Methodology. 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. 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. U.S Market Open - Market Closes in 49M 55S. Scion Asset Management Investor Profile: Portfolio & Exits | PitchBook The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . Scion Asset Management 13F annual report. [17], In an April 3, 2010 op-ed for The New York Times, Burry argued that anyone who studied the financial markets carefully in 2003, 2004 and 2005 could have recognized the growing risk in the subprime markets. What does this mean? $41.4 million and $41.2 million respectively. Stocks and cryptocurrency portfolio tracker. 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. Here's what investors need to know about Michael Burry's long positions. IAPD - Investment Adviser Public Disclosure - Homepage 347 Followers. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. 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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. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Note: 13F filing performance is different than fund performance. Does your firm offer mutual funds that have 12b-1 fees? Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Operating as an online business, this site may be compensated through third party advertisers. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Quickly find out what the most recently closed or increased positions are. A quarter of the portfolio is made up of consumer discretionary companies. See the Top Performing Hedge-Funds > Michael Burry . What does this mean? To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. He looks for investments in undervalued companies with strong long-term prospects. Geo dropped approximately 0.1% in the past year. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. [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. What percentage of income does your firm receive from fees versus commissions? As a result, the company will soon be able to self-fund its growth and overall operations. Michael Burry's Scion Asset Management Buys 5 Stocks in the - Yahoo! 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. Visit Site, Is this your firm? Michael Burry is an American investor, and hedge fund manager. Cassandra B.C. (@michaeljburry) / Twitter And it is notwater is political, and litigious. , What does this mean and why is this important? Scion Asset Management, LLC With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. He has 25 years of experience as a finance and accounting executive, having served major private and public real estate firms as chief accounting officer, chief financial officer and senior vice president of strategic initiatives. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. 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. Investor.com is your trustworthy guide to the world of personal finance. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. 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. Please see our General Disclaimers for more information. 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. What does this mean and why is it important? In addition, the fund holds 5,000,000 shares of Qurate Retail Inc worth $10.1 million, whose value fell approximately 0.1% in the past six months. On February 14, Michael Burry filed his company's holdings report with the SEC. What happened? Checks take place monthly. That would put the U.S. in a recession under "any definition.". of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. [13], In 2005, Burry started to focus on the subprime market. He has Rusyn ancestry. However, he has re-established a stake in the company as shares plunged, now owning around 3.05% of the company with approximately 3 million shares. Written by investor.com. Investors profit from puts when the . Changes can be due to trades or changes in share prices. The investment fund's only holding now is The . [4] As a teenager, he attended Santa Teresa High School. What does this mean and why is it important? Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F Scion Asset Management currently serves clients in the following states: CA, TN. Latest Holdings, Performance, AUM (from 13F, 13D). Scion Asset Management Review 2023 | investor.com CUPERTINO, Calif.--(BUSINESS WIRE)--On August 16 th, Scion Asset Management sent a letter to the Board of Directors of GameStop Corp. urging the Board to direct the full execution of its March 4 . Note: We do not offer technical support for developing or debugging scripted downloading processes. Michael Burry of Scion Asset Management. 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 . As a result, we do not support personal reviews on the site. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. This is a low margin business in the first place, and so despite the company posting record revenues last year, it saw a decline in earnings. Reference ID: 0.35841402.1677949840.1dcfc4e. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Please declare your traffic by updating your user agent to include company specific information. Charlie Munger - Daily Journal Corp. 1001 and 1030). 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. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History The Board of Directors. Also, the article may contain affiliate links. How does your firm approach insurance sales? The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Most recent portfolio value is calculated to be $ 46,536,925 USD. By Steve Burns. 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. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Regulatory disclosures state that firm sells proprietary investments and products. How many times did it occur? Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. About Us - Scion Advisory Follow Michael Burry and Buy GEO Stock | InvestorPlace For further detail, see our articles on different types of advisors and financial advisor services. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. The firm may also use leverage and derivative strategies to increase the rate of client success. Currently, their heaviest sector is Real Estate making up 53.2% of Michael Burry's Hedge Fund Scion Buys GEO Stock, Dumps META, GOOGL Scion Asset Management Fund Performance History & Annualized Return The Scion Asset Management office and employees reside in Saratoga, California. The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. Questions to ask Here you can find the latest trades based on Burry's 13F filings and insider trades. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. For example, front-running is when a financial professional buys or sell securities ahead of their client. We reserve the right to block IP addresses that submit excessive requests. 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. Firm or an affiliate actively engages in business as a law firm or lawyer. Scion Asset Management, LLC Bu - GuruFocus.com

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