scion asset management

His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. 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: Yes or Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. 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 . The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. , John Rogers - Ariel Appreciation Fund Updated 11 Jan 2023. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Why does your firm believe in offering commission-based services to clients? He looks for investments in undervalued companies with strong long-term prospects. I was damned sure I was going to pay it off. Relative to the previous quarter there was a little reshuffling of his holdings. We reserve the right to block IP addresses that submit excessive requests. Thus, be mindful and conduct your own research before allocating your hard-earned money to any of these names. What does this mean? 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. See the Top Performing Hedge-Funds > Michael Burry . 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. Note: We do not offer technical support for developing or debugging scripted downloading processes. A good way to understand Burry's thinking and Scion Asset Management's . [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. 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. Firm performs side-by-side management with accounts that have differing fee structures. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . has disclosed 9 total holdings in their latest SEC filings. This means they effectively own 0.6% of the company. What does this mean and why is this important? The firm's website is not secure by modern internet standards. Questions to ask <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Portfolio manager(s) are listed as Michael Burry. Published on February 27th, 2023 by Nikolaos Sismanis. 1-Year Performance. 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 . While this can be seen as "eating your own cooking," there are conflicts that may arise. 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. Heejin Kim and Myungshin Cho (29 August 2019). GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. 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. Currently, Scion Asset Management's portfolio is worth at least $41.3 million. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. The Scion Asset Management office and employees reside in Saratoga, California. 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). A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. 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. The Board of Directors. Hedge Fund Manager. 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. [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. 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. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. Researcher and operations manager at DM Martins Research. Qurate Retail Inc makes up Scion Asset Management, LLC has disclosed 9 total holdings in their latest SEC filings. 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. Changes can be due to trades or changes in share prices. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. 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. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market Growth has also been smooth for the company due to the recurring nature of its business model. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. The portfolio's exposure to China is also thought-provoking. Operating as an online business, this site may be compensated through third party advertisers. 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. 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. Will any of my assets be invested in those products? If you require advice in relation to any financial matter you should consult an appropriate professional. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Firm or a related person trades securities for themselves that they also recommend to their clients. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. Scion Asset Management Holdings Heatmap . Scion employs over 1,750 team members and has over $9 billion of assets under . Investors profit from puts when the . Does the firm offer products that have performance-based fees, or does it accept performance-based fees? For further detail, see our articles on different types of advisors and financial advisor services. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. Investors following the companys 13F filings over the last 3 years (from mid-February 2020 through mid-February 2023) would have generated annualized total returns of 51.4%. The fund only has four clients. 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. approximately 0.1% of the total holdings value. "[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. Some firms receive these fees as payments, which creates an incentive to promote them. The hedge fund exited positions including Alphabet Inc. and Facebook . It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. Also, the article may contain affiliate links. And it is notwater is political, and litigious. 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. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). However, Burry is also known to take an approach that often contradicts what the broad market dictates. A quarter of the portfolio is made up of consumer discretionary companies. 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. Filing Date. [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. SEC Form 13F Filing History. 408-441-8400 Dr. Burry 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. In this episode, we hear how she became a sponge for product design, figured out how to make accessible yet high-end jewelry, and how she even relocated to China for the better part of a year to personally see to her brand's manufacturing. 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 . He only looks for their undervalued elements, regardless of their sector and class. 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 . On this Wikipedia the language links are at the top of the page across from the article title. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. "Here's the story of one of the heroes of 'The Big Short', "The True Story Behind The Big Short - Real Michael Burry", The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History, "Mercury News Interview: Hedge fund manager saw subprime meltdown coming", "These Doctors Mean Business," Whitney, Kathy, Medicine (Vanderbilt School of Medicine), Summer 2014, "Learning From Dr. Michael Burry's Investment Philosophy", "Michael Burry Profiled: Bloomberg Risk Takers", "I Saw the Crisis Coming. What does this mean? Scion Asset Management 13F annual report. Scion Asset Management, LLC's new positions include SCION ASSET MANAGEMENT, LLC. Any data inaccuracies, please contact our team. No. This arrangement creates a conflict where the firm and its representatives may be incentivized to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. 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 . The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. The GEO Group is a specialty REIT that owns, operates, and manages correctional, detention, and reentry facilities in the US, UK, South Africa, and Australia. This value is significant in that it is the last known price at which the security was still held. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. Portfolio value: $46M+ Period: 2022 Q4. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. 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. Why has Burry, who is bearish on the . The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. tips_and_updates Financial Advisor Education. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. 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. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. These companies are located in Dover DE, Madison WI, and Saratoga CA. The company has been growing rapidly over the past few years while retaining compelling profitability levels. Thank you for your interest in the U.S. Securities and Exchange Commission. They manage Back on April 10, 2020, Michael Burry, who gained fame as a major character in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME) disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME's outstanding shares. What does this mean? Quickly find out what the most recently closed or increased positions are. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Is your firm a broker-dealer or are you affiliated with one? Fintel is a registered trademark. As a result, the company will soon be able to self-fund its growth and overall operations. As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Burry was born and grew up in San Jose, California. What does this mean and why is it important? Green rows indicate new positions. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. What does this mean? Please send any feedback, corrections, or questions to support@suredividend.com. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients.

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