Competition has been eating the companys lunch for years, with Wolverine having a hard time sustaining its sales over the past decade, let alone growing them. And it is notwater is political, and litigious. Scion Asset Management, LLC's top holdings are 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. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. When? Scion Asset Management. 347 Followers. Scion employs over 1,750 team members and has over $9 billion of assets under . Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Firm's/Financial Professional's investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. 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. Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Founded in 2003, Scion Asset Management, LLC is a private investment firm led by investing guru Dr. Michael J. Burry. Michael Burry's Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one. 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. Apply for Trusted badge. Michael Burry of Scion Asset Management. See the Top Performing Hedge-Funds > Michael Burry . BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Bloomberg via Getty Images. Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. The majority of the companies in the funds portfolio are large-cap stocks. Greenhaven Associates Updated 10 Jan 2023. 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. Growth has also been smooth for the company due to the recurring nature of its business model. The impact to a portfolio due to this purchase was 0.65%. , Stocks and cryptocurrency portfolio tracker. By using this site, you are agreeing to security monitoring and auditing. 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: Scion has $638,901,404 assets under management (AUM). : 000000000 | State of Incorp. The Scion Group is the largest owner/operator of off-campus student housing communities globally. 1,", "A Primer on Scion Capitals Subprime Mortgage Short", "Scion Asset Management - Quarterly Holdings Reports", https://en.wikipedia.org/w/index.php?title=Michael_Burry&oldid=1136913298, University of California, Los Angeles alumni, Vanderbilt University School of Medicine alumni, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 February 2023, at 20:47. Based on his analysis of mortgage lending practices utilized in 2003 and 2004, he accurately forecasted that the real estate bubble would come tumbling by 2007. Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. [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. The firm's website is not secure by modern internet standards. 340.15% 5-Year Performance. Scion Asset Management's Portfolio - All 9 Public Equity Investments. Is your firm a broker-dealer or are you affiliated with one? assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. The GEO Group Inc (US:GEO) Thanks for supporting the Wall Street Memes). 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. Scion Asset Management 13F annual report. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. [13], In 2005, Burry started to focus on the subprime market. WRITE REVIEW. What does this mean and why is it important? 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. Michael Burry has been on a buying spree lately. We use the change in the portfolio allocation because this is the most meaningful metric. For more information, contact opendata@sec.gov. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. Questions to ask Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. The current portfolio value is calculated to be $47.00 Mil. 0001567619-21-010281.txt. The Scion Group announced the addition of 32 high-quality assets and approximately 20,000 beds to its portfolio of student housing communities. Reference ID: 0.35841402.1677949840.1dcfc4e. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. | Investormint", "EDGAR Filing Documents for 0001567619-19-004198", The Big Shorts Michael Burry Sees a Bubble in Passive Investing, "Michael Burry Portfolio / Scion Asset Management, LLC Holdings", "Michael Burry tweet, Dec. 1, 2020 (Internet Archive)", "Michael Burry of 'The Big Short' reveals a $530 million bet against Tesla", "Michael Burry of 'Big Short' Bets Against Cathie Wood's ARKK", "Author Michael Lewis on Wall Street's Delusion", "Legendary Investor Leaves Twitter, Lists 8 Metal Bands in Bio", "Where 'The Big Short's Michael Burry Is Today", "Michael Burry: Subprime Short-Seller No. Stocks with a size of more than $10 billion in market cap make up Description. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. 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. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. Top 50 Scion Asset Management Holdings . The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Bruce Berkowitz's: Fairholme Capital Management. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Scion Asset Management LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? The average market cap of the portfolio companies is close to $2.02 billion. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Does your fim accept soft-dollar benefits? "[12], After shutting down his website in November 2000, Burry started the hedge fund Scion Capital, funded by an inheritance and loans from his family. financing, asset management, . Michael Burry . What percentage of income does your firm receive from fees versus commissions? Portfolio Gain +257.56%. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. How do these benefits affect the firms selection of a broker-dealer partner? Please send any feedback, corrections, or questions to support@suredividend.com. The Scion Asset Management office and employees reside in Saratoga, California. Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. 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. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. What does this mean and why is it important? Firm can legally elect to accept commissions for their investment advisory services. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. [9][31][6], He is a fan of heavy metal music, including bands such as Obituary, Lamb of God, Amon Amarth, Slipknot, King Diamond and Pantera. tips_and_updates Financial Advisor Education. 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. Wolverine World Wide designs, produces, and distributes footwear, apparel, and other accessories globally. Keep reading this article to learn more about Scion Asset Management. It is now the funds third-largest holding, accounting for 12.8% of its holdings. As a Certified B Corporation, our focus is simple: people before profits. This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Portfolio manager(s) are listed as Michael Burry. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. He quickly earned extraordinary profits for his investors. While this can be seen as "eating your own cooking," there are conflicts that may arise. Address: 20665 4th Street Suite 201. That would put the U.S. in a recession under "any definition.". 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. Will anyone that was involved be involved with my accounts in any capacity? . $41.4 million and $41.2 million respectively. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. To illustrate how successful Dr. Burrys picks were from the origins of Scion Asset Management to the Great Financial Crisis, the hedge fund recorded returns of 489.34% (net of fees and expenses) between its inception in November 2000 to June 2008. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Changes can be due to trades or changes in share prices. , These positions were updated on November 14th based on the funds latest 13F filing. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Form 13F is required to be filed within 45 days of the end of a calendar quarter. $48.3 Million Total portoflio value. What does this mean and why is it important? 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. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. 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. [29] During the second quarter of 2021, he has reported to hold puts on almost 31 million dollars on the ARKK ETF innovation index managed by Ark Invest. What does this mean and why is it important? 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. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. 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. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Chase Coleman's: Tiger Global Management.
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