Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. ; Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may . Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). 2023 Reink Media Group LLC. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. We reserve the right to block IP addresses that submit excessive requests. How many times did it occur? What does this mean? 12.25% 3-Year Performance. 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). Scion Asset Management, LLC operates as an investment firm. Greenhaven Associates Updated 10 Jan 2023. Top 50 Scion Asset Management Holdings . Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. The investment fund also strengthened its position in Geo by buying 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. Others say the plan is too costly and burdensome on taxpayers. These sectors generally tend to benefit from periods of economic expansion, lower interest rates, low unemployment, and gross domestic product (GDP) growth. According to the last 13-F report filed with the SEC, Michael Burry serves as the Chief Executive Officer at Scion Asset Management. What does this mean and why is it important? How does your firm mitigate them? Growth has also been smooth for the company due to the recurring nature of its business model. Strategies arent specified: There isnt a lot of specificity provided . Questions to ask Alibaba is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. Common Stock (US:US19247G1076) There are 3 companies that go by the name of Scion Asset Management, LLC. Some firms receive these fees as payments, which creates an incentive to promote them. 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. This form was filed on 2023-02-14 for the reporting period 2022-12-31. Hedge funds are required to report only their long positions, not their short positions. What conflicts do I need to be made aware of? [19] He has focused much of his attention on investing in water, gold, and farm land. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Burry followed up his warning by detailing his own experience with student debt. the total portfolio value. Our system found no disciplinary alerts. This page was last edited on 1 February 2023, at 20:47 (UTC). The majority of the companies in the funds portfolio are large-cap stocks. He has 25 years of experience as a finance and accounting executive, having served major private and public real estate firms as chief accounting officer, chief financial officer and senior vice president of strategic initiatives. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? : DE | Fiscal Year End: 1231. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. He has Rusyn ancestry. 0001567619-21-010281.txt. 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A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. He then left to start his own hedge fund. Firm can legally elect to accept commissions for their investment advisory services. Here's what investors need to know about Michael Burry's long positions. The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. When he was younger, he noticed that it took him a lot of energy to look people in the eye, and said, "If I am looking at you, that's the one time I know I won't be listening to you". Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. Scion has $638,901,404 assets under management (AUM). Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. And it is notwater is political, and litigious. Scion Asset Management, registered in 2018, serves 2 state(s) with a licensed staff of 4 advisors. 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. Will any of my assets be invested in those products? Thanks for supporting the Wall Street Memes). He is best known for being amongst the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. . In comparison, the S&P 500 returned just under 3%, including dividends, over the same period. Wolverine World Wide is a new holding for Scion Asset Management, initiated in its most recent quarterly filings. As InvestorPlace's Eddie Pan reported on Aug. 15, Burry's firm Scion Asset Management has sold all of its U.S.-listed positions except for one GEO. Questions to ask Burry was born and grew up in San Jose, California. Aside from potential increases to the cost of education, Burry did not elaborate on what terrible consequences he foresees for the country. JD.com, Inc. (US:JD) FINRA data last verified February 17, 2023. These conflicts can negatively impact clients via hidden fees and overall higher costs. What happened? On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. 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. They manage Saratoga, CA 95070, 30 Burton Hills Blvd Suite 315, Nashville, Tennessee 37215. Scion Asset Management's public equity portfolio is heavily concentrated. , 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. What does this mean? Michael Burry . Dr. Michael Burry of Scion Asset Management and of The Big Short fame has recently re-surfaced in shares of Gamestop (GME). Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Questions to ask Common Stock (US:US19247G1076) Scion Asset Management Q4 '22 Top Holdings (Author Spreadsheet 13F Data) Largely unrelated to one's personal attitude or opinion of Michael Burry, there are few 13F's in the industry that are more . 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. What does this mean? of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Fintel is a registered trademark. [17] He subsequently liquidated his company to focus on his personal investments. has disclosed 9 total holdings in their latest SEC filings. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. 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. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Participation in the Certification program, including the payment of an annual fee to investor.com, does not guarantee or in any way bias investor.com's decision to award "Trusted by investor.com" status, and "Trusted by investor.com" status shall not constitute or be construed as an endorsement of any firm by investor.com. 347 Followers. Average metrics of all companies in portfolio . , subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. 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. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%.
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