scion asset management

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. "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. 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. 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. 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. Portfolio manager(s) are listed as Michael Burry. However, Burry is also known to take an approach that often contradicts what the broad market dictates. The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Salesforce CEO Marc Benioff sounds the alarm on recession - with shades Green rows indicate new positions. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Does your firm perform side-by-side management? With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. 18951. Scion Asset Management currently serves clients in the following states: CA, TN. Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. Scion Asset Management Review | SmartAsset.com subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. The bottom line has softened lately as a result of inflationary pressures and supply chain inefficiencies, but profits are still substantial. This page was last edited on 1 February 2023, at 20:47 (UTC). Scion Asset Management 13F annual report. Black Knight is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. 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. As a Certified B Corporation, our focus is simple: people before profits. Common Stock (US:US19247G1076) Charlie Munger - Daily Journal Corp. Please provide me a list of the products and a summary of how much your firm earns from them. Questions to ask [19] He has focused much of his attention on investing in water, gold, and farm land. 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. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's . The company has been growing rapidly over the past few years while retaining compelling profitability levels. What does this mean? [22] In 2020, the fund's largest investments were Alphabet Inc. ($121 million value) and Facebook ($24.4 million value). Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed Common Stock (US:US19247G1076) and The Scion Asset Management chief's grim prediction may be coming true, as the S&P 500 and Nasdaq indexes tumbled by 19% and 33% respectively in 2022. Scion Asset Management is headquartered in Saratoga, California. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Researcher and operations manager at DM Martins Research. On February 14, Michael Burry filed his company's holdings report with the SEC. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. 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. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . Wolverine World Wide, Inc. (US:WWW) Top 50 Scion Asset Management Holdings . What does this mean? Alibaba is down 71% from its October 2020 peak. "[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. Michael Burry is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). The firm may also use leverage and derivative strategies to increase the rate of client success. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-12-31. Scion asset management - What are they investing in Right Now? Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. 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. Point72 Asset Management . Visit Site, Is this your firm? Michael Burry - Wikipedia The investment fund also strengthened its position in Geo by buying Scion Asset Management Investor Profile: Portfolio & Exits | PitchBook 1,517,790 additional shares. The Scion Asset Management manager revealed the purchase of seven new $48.3 Million Total portoflio value. It is now the funds second-largest holding, accounting for 18.3% of its holdings. Stocks with a size of more than $10 billion in market cap make up Operating as an online business, this site may be compensated through third party advertisers. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. So is Burry less bearish on the U.S. economy than he was last year? of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. EDGAR Filing Documents for 0001567619-21-010281 - SEC [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. In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. Note: 13F filing performance is different than fund performance. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Burry even ended up selling 99% of his positions in 2022, including Alphabet (GOOGL) - Get Free Report, Warner Bros Discovery (WBD) - Get Free Report, and Meta (META) - Get Free Report, leaving only his position in GEO Group. 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. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. The turnover rate is 70%. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Scion Asset Management, LLC This website is provided as is without any representations or warranties, express or implied. Saratoga, CA 95070. [18][16], In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser (ERA) active in the state of California and approved by the SEC. PDF Form Adv - Sec 2015-2023 Fintel Ventures LLC. Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. 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. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . Michael Burry's Stock Market Holdings (Filed Feb 14, 2022) Dr. Michael Burry Long Gamestop: Sends Letter to Board That said, the company has navigated these challenges quite competently, which, combined with its deep-value characteristics, explained why Dr. Burry has bet heavily on The GEO Group.

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