Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt. And it is notwater is political, and litigious. Most recent portfolio value is calculated to be $ 46,536,925 USD. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . 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. Please provide me a list of the products and a summary of how much your firm earns from them. 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. There are 3 companies that go by the name of Scion Asset Management, LLC. What does this mean? While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. The total portfolio value may be much higher due to cash The stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Will anyone that was involved be involved with my accounts in any capacity? Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information 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. Will His AI Plans Be Any Different? Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. We use the change in the portfolio allocation because this is the most meaningful metric. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. [4] As a teenager, he attended Santa Teresa High School. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. "Trusted by investor.com" status is reserved to those financial advisor firms meeting investor.com's strict requirements, beginning with earning no less than a 4.5 to 5 -star rating based on investor.com's independent Trust algorithm analysis. See the Top Performing Hedge-Funds > Michael Burry . This could also limit the number and diversity of investment options available and may impact their transferability. If you require advice in relation to any financial matter you should consult an appropriate professional. It is now the funds third-largest holding, accounting for 12.8% of its holdings. Relative to the previous quarter there was a little reshuffling of his holdings. In his words: All my stock picking is 100% based on the concept of a margin of safety.. Questions to ask While this can be seen as "eating your own cooking," there are conflicts that may arise. Greenhaven Associates Updated 10 Jan 2023. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. This means they effectively own 0.6% of the company. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. [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. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Will any of my assets be invested in those products? As a result, we do not support personal reviews on the site. What does this mean? , [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. 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. All requests for updated information should also be reported directly to the SEC and/or FINRA. What percentage of income does your firm receive from fees versus commissions? Click the link icon to see the full transaction history. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. 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. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities. 100.0% The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. The company has been growing rapidly over the past few years while retaining compelling profitability levels. 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. Checks take place monthly. Keep reading this article to learn more about Scion Asset Management. Firm or a related person trades securities for themselves that they also recommend to their clients. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? JD.com, Inc. (US:JD) Burry followed up his warning by detailing his own experience with student debt. Does your firm perform side-by-side management? FINRA data last verified February 17, 2023. Operating as an online business, this site may be compensated through third party advertisers. The hedge fund exited positions including Alphabet Inc. and Facebook . assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Does your fim accept soft-dollar benefits? . Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. 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 . "[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. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . 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. Musk Made a Mess at Twitter. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . [32], Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.[33]. "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. Charlie Munger - Daily Journal Corp. 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 . Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History In early January, he posted to his Twitter account that inflation had "peaked," but that this would not be the last peak of the cycle. Form 13F-HR - Quarterly report filed by institutional managers, Holdings: SEC Accession No. Guinea Sets Two-Week Deadline for Alumina Plants Projects, RAF Jets Escort Plane in Distress to Stansted Airport, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows, Rivian Tells Staff EV Output May Be 24% More Than Forecast, VW Will Build a $2 Billion Electric Truck and SUV Plant in South Carolina, Meta Cuts the Price of Its Quest Headset Up to 33% After Disappointing Demand, John Malone andCharter Directors Agree to $87.5 Million Settlement, Apples Cloud Chief to Leave, Adding to Wave of Departures, Congo President Tells Macron Conflict in East May Delay Election, Anti-ESG Crusader Wants to Take Trumps Agenda to Next Level, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. 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 firm doesn't work with individual investors, although individuals may invest in the funds for which it provides investment advisory services. 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. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Scion Asset Management: Michael Burry: 22.59%: $46538000: 9: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. 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. Published on February 27th, 2023 by Nikolaos Sismanis. 66.7% of the portfolio companies SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. 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%. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Bloomberg via Getty Images. Some of the largest purchases done by Scion Asset Management are follows: Ace Ltd; The hedge fund owns about 50000 shares of ACE Ltd, which reflects about 7.89% of their portfolio.
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