scion asset management

Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. What does this mean? Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". The Company serves clients in the United States. Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F . Latest Holdings, Performance, AUM (from 13F, 13D). Here's what investors need to know about Michael Burry's long positions. Hedge funds are required to report only their long positions, not their short positions. Cassandra B.C. (@michaeljburry) / Twitter Michael Burry has been on a buying spree lately. And we could be headed for another recession. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Steven Romick - FPA Crescent Fund Updated 12 Jan 2023. FINRA data last verified February 17, 2023. The Software Solutions segment provides software and hosting solutions comprising MSP, a SaaS application platform for mortgages, home equity loans, and lines of credit. [30], Burry is married, with children, and was living in Saratoga, California in 2010. The Scion Group is the largest owner/operator of off-campus student housing communities globally. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. 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. Scion Asset Management's public equity portfolio is heavily concentrated. SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com Please declare your traffic by updating your user agent to include company specific information. The headquarters of Scion Asset Management is 20665 4th Street, Suite 201. 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. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. 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. Follow Tweet. You wont receive financial advice or any financial planning services as an individual investor, and you can only invest in the available funds that the firm oversees. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their clients. Michael Burry reveals new stock bets after previously dumping entire Checks take place monthly. Red rows indicate closed positions. Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which What does this mean? Michael Burry - Wikipedia In response, Alibaba has been repurchasing stock in bulk. The average market cap of the portfolio companies is close to $2.02 billion. For example, front-running is when a financial professional buys or sell securities ahead of their client. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. Please see our General Disclaimers for more information. Filing Date. 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. Scion Asset Management LLC Top Holdings 13F Filings If you require advice in relation to any financial matter you should consult an appropriate professional. On this Wikipedia the language links are at the top of the page across from the article title. What does this mean? In his words: All my stock picking is 100% based on the concept of a margin of safety.. 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. Which securities does your firm trade for itself that it will also be recommending to me? Keep reading this article to learn more about Scion Asset Management. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. What does this mean and why is it important? Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. 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. * Reported Price is the price of the security as of the portfolio date. For further detail, see our articles on different types of advisors and financial advisor services. 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. What does this mean? The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Eventually Burry closed his fund and retired. What does this mean and why is it important? Dr. Burry does not differentiate between small-caps, mid-caps, tech stocks, or non-tech stocks. Questions to ask DATAROMA Superinvestors Portfolio Holdings Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. 'Big Short' fund manager Burry dumps portfolio, buys prison stock Scion Asset Management manages $291.7 million and provides investment advisory services for 4 clients (1 advisor/client ratio). Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. 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. Point72 Asset Management . This page was last edited on 1 February 2023, at 20:47 (UTC). February 17, 2023. The fund focuses on investments in the United States as Our system found no disciplinary alerts. Scion Asset Management, LLC (Filer) CIK: 0001649339 (see all company filings) IRS No. The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. All rights reserved. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. He quickly earned extraordinary profits for his investors. 1,517,790 additional shares. Saratoga, CA 95070. Also, the article may contain affiliate links. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. More than 90% of the beds are located in the US. Scion Asset Management, LLC Holdings. 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. As of 7th November 2022, Scion Asset Management's top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. 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. Profitability has also been weak. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. Our system has identified the following conflict alerts. Michael Burry is head of Scion Asset Management. The author may be long one or more stocks mentioned in this report. In fact, Dr. Burry had showcased such great stock-picking skills that he drew the interest of companies such as Vanguard, White Mountains Insurance Group, and renowned investors such as Joel Greenblatt. in 2008. 2023 Reink Media Group LLC. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. [19] He has focused much of his attention on investing in water, gold, and farm land. Apply for Trusted badge. Burry was born and grew up in San Jose, California. The concept of Value Investing can sum up Michael Burrys whole investment philosophy. Portfolio Gain +257.56%. Published on February 27th, 2023 by Nikolaos Sismanis. This relationship may introduce bias where a firm or related person recommends certain securities with which they are affiliated, rather than others that may have higher returns. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. Black Knight Inc (US:BKI) . Firm performs side-by-side management with accounts that have differing fee structures. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments.

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