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SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. We reserve the right to block IP addresses that submit excessive requests. Here's how we make money. : DE | Fiscal Year End: 1231. This means they effectively own 0.6% of the company. (Disclaimers: this is not investment advice. SEC Form 13F Filing History. Our Methodology. Will any of my assets be invested in those products? Michael Burry of Scion Asset Management. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period. With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com's Trust Score algorithm or review process. 0001567619-21-015632. The latest quarterly filing from Scion Asset ManagementMichael Burry's firmshows no bearish bets against the electric-vehicle giant Tesla The loss of a notable bear appears to be giving . A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. It is now the funds fifth-largest holding, accounting for 10.0% of its holdings. Why doesnt your firm use a secure website? What does this mean? Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Is your firm a broker-dealer or are you affiliated with one? What does this mean? Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. We've received your submission. What does this mean and why is this important? A quarter of the portfolio is made up of consumer discretionary companies. Saratoga, CA 95070. For more information, contact opendata@sec.gov. Will any of my assets be invested in those products? Scion Asset Managements portfolio is diversified across 5 sectors. Here's what investors need to know about Michael Burry's long positions. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. Hedge fund boss Michael Burry is warning of terrible consequences for the US if the Biden administrations student loan debt forgiveness plan is upheld. What does this mean? The holding were 650,000 shares as of 2021-03-31. In total, Scion Asset Management manages $291.7 million in assets. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Burry predicted Tesla stock would collapse like the housing bubble,[27] saying that "my last Big Short got bigger and Bigger and BIGGER" and taunted Tesla bulls to 'enjoy it while it lasts. These companies are located in Dover DE, Madison WI, and Saratoga CA. By using this site, you are agreeing to security monitoring and auditing. in 2008. Burry has amassed more than 1.4 million followers on Twitter, where he frequently tweets and then deletes his predictions about the US economy. are based in the United States. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. Strategies arent specified: There isnt a lot of specificity provided . What does this mean? 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. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. A regulatory agency other than 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. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Questions to ask Operating as an online business, this site may be compensated through third party advertisers. Click the link icon to see the full transaction history. SCION ASSET MANAGEMENT, LLC. Our partners compensate us through paid advertising. Scion Asset Management, LLC Holdings. What does this mean and why is this important? That would put the U.S. in a recession under "any definition.". What does this mean and why is it important? Michael J. Burry is known by most as the Big Short investor due to the eponymous movie revolving around himself and his story during the days of the Great Financial Crisis, a role played by Christian Bale. Musk Made a Mess at Twitter. Questions to ask Please send any feedback, corrections, or questions to support@suredividend.com. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. However, Dr. Burry has a much broader track record in the investing world. So while Michael Burry's hedge fund has about $46.5 million in long positions reported in its 13F, it is likely that behind this may be another "big short." Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. Scion Asset Management's public equity portfolio is heavily concentrated. Most recent portfolio value is calculated to be $ 46,536,925 USD. Scion Asset Management - Michael Burry assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Burry was born and grew up in San Jose, California. 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. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. Should I Hire a Financial Advisor or DIY It? They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. Does your firm perform side-by-side management? 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. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Profitability has also been weak. A Self-Regulatory Organization 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. The following data is gathered from Scion Asset Management's latest 13F filing with the SEC for the reporting period of September 30, 2022. SCION ASSET MANAGEMENT LLC Institutional Portfolio | Nasdaq. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Common Stock (US:US19247G1076) 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. These conflicts can negatively impact clients via hidden fees and overall higher costs. Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. He had already built a reputation as an investor at the time by exhibiting success in value investing. All rights reserved. What does this mean? Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. Michael Burry has been on a buying spree lately. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. 2021-08-16. Why has Burry, who is bearish on the . I was damned sure I was going to pay it off. Scion's new purchases consist of . Scion Asset Management also says it works to provide clients with a diverse mix of portfolio opportunities it believes will increase their chances of investment success. 340.15% 5-Year Performance. Firm performs side-by-side management with accounts that have differing fee structures. 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. Growth has also been smooth for the company due to the recurring nature of its business model. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Saratoga, CA 95070. * Reported Price is the price of the security as of the portfolio date. As a result, we do not support personal reviews on the site. Eventually Burry closed his fund and retired. 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Latest Holdings, Performance, AUM (from 13F, 13D). Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Michael Burry's hedge fund's other holdings consist of: In general, Michael Burry's investment philosophy is based on fundamental analysis. Researcher and operations manager at DM Martins Research. 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. Note: We do not offer technical support for developing or debugging scripted downloading processes. For instance, research has shown that mutual funds that use incentive fees take on more risk than funds that do not, and tend to double down and increase their risk following a poor performance. 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 . Ranked #44 out of 483 Hedge Fund Managers. GameStop Stock: What the SEC Says About Direct Registration, Alibaba Group Holding Limited American Depositary Shares each representing eight. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. . According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. See the Top Performing Hedge-Funds > Michael Burry . Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. Private prison giants The GEO Group accounts for 20.4% of Scion Assets management public equity holdings. 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. . documented the history and events leading up to his contrarian but hugely successful bet against the real estate market Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Lets not forget that the student debt problem is built on a foundation of terrible major choices.Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America. Why does your firm believe in offering commission-based services to clients? Scion Asset Management's Portfolio - All 9 Public Equity Investments. Unlike HTTPS connections, HTTP connections are not encrypted. Ultimately, Burrys analysis proved right. 2015-2023 Fintel Ventures LLC. Maintain the physical condition of the property according to The Scion Group's Standard Operating Procedures, OSHA and Industry standards. He then left to start his own hedge fund. It is now the funds fourth-largest holding, accounting for 10.7% of its holdings. [28] In October 2021, after a 100% rise in Tesla's stock value, he revealed he was no longer shorting it. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . The fund focuses on investments in the United States as [13], In 2005, Burry started to focus on the subprime market. Scion Asset Management feels strongly about Neophotonics Corp and that is the reason they have added about 300000 shares of the firm to their fund. 20665 4th Street, Suite 201. Firm can legally elect to accept commissions for their investment advisory services. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). How many times did it occur? This page was last edited on 1 February 2023, at 20:47 (UTC). Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? . What does this mean and why is it important? [17] He subsequently liquidated his company to focus on his personal investments. 1-Year Performance. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. The following positions are based on the last Q1 2021 13F filing as of 3-31-2021, with his top 10 holdings making up 91.57% of his portfolio. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. 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. Alibaba Group Holding Limited ADR (US:BABA) "[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.