scion asset management

What does this mean and why is it important? 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 . [5][6][7], He studied economics and pre-med at the University of California, Los Angeles, earned an MD degree from the Vanderbilt University School of Medicine,[6] and started but did not finish his residency[8] in pathology at Stanford University Medical Center. Sciens Capital Management Sciens Capital Management LLC is an alternative asset management firm founded in 1994. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. Here you can find the latest trades based on Burry's 13F filings and insider trades. 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. 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. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Questions to ask Nevertheless, most stocks in the fund seem to be bearing their fair share of risks. The firm's website is not secure by modern internet standards. As a result, we do not support personal reviews on the site. Eventually Burry closed his fund and retired. Dr. Michael Burry's Scion Asset Management disclosed holdings on Feb. 15 for the first time in over two years. 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. financing, asset management, . Fintel is a registered trademark. Dr. Burry trimmed Scions position in The GEO Group by 47%, with the fund now owning around 0.85% of the companys outstanding shares. 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. and 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. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. [23], Burry initiated short position(s) on Tesla before or around early December 2020, according to a now-deleted tweet[24][25] and likely added to his short positions[26][27] after the market cap of Tesla surpassed that of Facebook. While Scion Asset Management advises clients across a variety of portfolio sizes, the average client balance is currently $72.9 million. Researcher and operations manager at DM Martins Research. Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance. 340.15% 5-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). In early January, he posted to his Twitter account that inflation had "peaked," but that this would not be the last peak of the cycle. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. MGM Resorts International (US:MGM) By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which 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. "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. Scion Capital returned 489.34% (net of fees and expenses) between November 1, 2000 and June 2008 compared to 3% total return from S&P 500 during the same time frame. While many fund managers and successful investors such as Cathie Wood are talking about their ideas several times a week in the news, Burry is more quiet. During its latest 13F filing, Scion Asset Management executed the following notable portfolio adjustments: Scion Asset Managements public equity portfolio is heavily concentrated. Verition Fund Management LLC increased its holdings in shares of ScION Tech Growth II (NASDAQ:SCOB - Get Rating) by 153.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Questions to ask Scion Asset Management, LLC Portfolio Never miss a trade. 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. 340.42% 1Y 3Y 5Y 10Y. Stocks and cryptocurrency portfolio tracker. 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. 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. Greenhaven Associates Updated 10 Jan 2023. 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 misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses. However, Burry is also known to take an approach that often contradicts what the broad market dictates. Bruce Berkowitz's: Fairholme Capital Management. Published on February 27th, 2023 by Nikolaos Sismanis. He only looks for their undervalued elements, regardless of their sector and class. 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. At 06/30/2022: $3,309. Firm performs side-by-side management with accounts that have differing fee structures. Reference ID: 0.35841402.1677949840.1dcfc4e. Ultimately, Burrys analysis proved right. 20665 4th Street, Suite 201. All rights reserved. Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. What does this mean and why is it important? 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. The majority of the companies in the funds portfolio are large-cap stocks. Founded in 2013, Scion Asset Management is a multi-strategy hedge fund manager based in Saratoga, California. SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. The firm may also use leverage and derivative strategies to increase the rate of client success. Common Stock (US:US19247G1076) The company is currently facing heavy challenges, including all major banks cutting ties with private prisons and President. , 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). Michael Burry's hedge fund Scion Asset Management is based in Saratoga, California and manages capital for 5 clients. Questions to ask Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Form 13F is required to be filed within 45 days of the end of a calendar quarter. SkyWest, Inc. (US:SKYW) Nothing on this website constitutes, or is meant to constitute, advice of any kind. A quarter of the portfolio is made up of consumer discretionary companies. For further detail, see our articles on different types of advisors and financial advisor services. Northport Investment Management, Albatross Investment Services, Lynn H. ORR Capital Management Group, Level Partners Management, Allvestments, Was this helpful? 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. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. By Steve Burns. 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. While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. By using this site, you are agreeing to security monitoring and auditing. , What does this mean and why is this important? A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Does your firm offer mutual funds that have 12b-1 fees? He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. Terms of Use | Disclaimers | Privacy Policy. The investment fund also strengthened its position in Geo by buying 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. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. This page shows a list of all the recent 13F filings made by Scion Asset Management, LLC. Questions to ask What does this mean? His solemn investing philosophy has resulted in outsized market returns over the past few years, beating the S&P 500 by a wide margin. 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'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. Portfolio 9 Options 0 Performance. 12.25% 3-Year Performance. Updated 05 Jan 2023. This could also limit the number and diversity of investment options available and may impact their transferability. Bloomberg via Getty Images. The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. The stock is now traded at around $14.430000. Yes or He has Rusyn ancestry. The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Since Jun 2013. Bill Ackman's: Pershing Square Capital Management. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. 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. On this Wikipedia the language links are at the top of the page across from the article title. Scion Asset Management General Information. "[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. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Filing Date. In addition, the fund holds 5,000,000 shares of Qurate Retail Inc worth $10.1 million, whose value fell approximately 0.1% in the past six months. Also, the article may contain affiliate links. Justice Brett Kavanaugh suggested it was problematic that Biden took executive action even though Congress has not passed legislation related to student debt.

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