scion asset management

That would put the U.S. in a recession under "any definition.". 100.0% Scion Asset Managements portfolio is diversified across 5 sectors. I was damned sure I was going to pay it off. 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. Does your firm offer mutual funds that have 12b-1 fees? are based in the United States. The firm's website is not secure by modern internet standards. What does this mean and why is it important? When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. For more information, please see the SECs Web Site Privacy and Security Policy. Portfolio value: $46M+ Period: 2022 Q4. "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. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. What does this mean and why is this important? Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Black Knight Inc (US:BKI) Warren Buffett's: Berkshire Hathaway. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. 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 . 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. As a result, the company will soon be able to self-fund its growth and overall operations. All Scion Asset Management, LLC holdings are listed in the following tables. Address: 20665 4th Street Suite 201. The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. All rights reserved. The third-largest holding is CoreCivic Inc worth $6.41 million and the next is Aerojet Rocketdyne Inc worth $5.3 million, with 132,561 shares owned. Scion Asset Management Holdings Heatmap . To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. : 000000000 | State of Incorp. This could be detrimental to a client during down markets. , Hedge funds are required to report only their long positions, not their short positions. 2023 NYP Holdings, Inc. All Rights Reserved, King of debt Joe Biden absurdly labels himself a deficit hawk, Teacher Randi Weingartens ignorant, anti-democratic rant, Bidens Ohio failure: Letters to the Editor March 2, 2023, Randi Weingarten has maniacal meltdown at student debt relief rally. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. 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. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. has disclosed 9 total holdings in their latest SEC filings. and EXHIBIT C. July 28, 2019. I was damned sure I was going to pay it off.. 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. Regulatory disclosures state that firm sells proprietary investments and products. Ranked #44 out of 483 Hedge Fund Managers. This means they effectively own 0.6% of the company. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Dr. Burry Nevertheless, it is Dr. Burrys legendary plays prior to the Great Financial Crisis, and the massive returns that followed that pushed his name into the international spotlight. Top 50 Scion Asset Management Holdings . Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt. 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. Published on February 27th, 2023 by Nikolaos Sismanis. If you require advice in relation to any financial matter you should consult an appropriate professional. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. Financial plans and investment portfolios are always unique to the client's personal financial situation. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. The funds top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Bill Ackman's: Pershing Square Capital Management. 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. Will His AI Plans Be Any Different? Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. Apply for Trusted badge. [21] In August 2019, Bloomberg News quoted an email from Burry where he said there was a bubble in large US company stocks due to the popularity of passive investing, which "has orphaned smaller value-type securities globally". Visit Site, Is this your firm? The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Firm or a related person trades securities for themselves that they also recommend to their clients. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? Thank you for your interest in the U.S. Securities and Exchange Commission. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. Burry's Scion Asset Management said in a regulatory filing in mid-May it had put options on 800,100 Tesla shares as of the end of the first quarter. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. These companies are located in Dover DE, Madison WI, and Saratoga CA. 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. Michael Burry . 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 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. 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. Bruce Berkowitz's: Fairholme Capital Management. 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. Note: 13F filing performance is different than fund performance. Form 13F is required to be filed within 45 days of the end of a calendar quarter. In January, Burry made predictions for an economic downturn in 2023. Here's how we make money. 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. It is now the funds third-largest holding, accounting for 12.8% of its holdings. 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. This website is provided as is without any representations or warranties, express or implied. Scion Asset Management is headquartered in Saratoga, California. Scion Asset Management currently serves clients in the following states: CA, TN. All requests for updated information should also be reported directly to the SEC and/or FINRA. Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). 340.42% 1Y 3Y 5Y 10Y. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Scion Asset Management Holdings Heatmap . Questions to ask We have concerns regarding capital management at . Burry was born and grew up in San Jose, California. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc . 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. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. Questions to ask Charlie Munger - Daily Journal Corp. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Dear Members of the Board, Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,000,000 shares, or about 2.21%, of GameStop, Inc. ("GameStop") common stock. What does this mean? What does this mean and why is this important? Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors.

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