scion asset management

Michael James Burry (/bri/; born June 19, 1971)[2] is an American investor, hedge fund manager, and physician. Lets not forget that the student debt problem is built on a foundation of terrible major choices, Burry, 51, tweeted on Tuesday. [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. . The fund focuses on investments in the United States as The advisory also believes in using fundamental analysis methods to assess . What does this mean? In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in The Scion Asset Management manager revealed the purchase of seven new stocks in the last quarter. Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. 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. 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. Questions to ask Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. 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. 2022-07-28: Important Note - We have changed the treatment of the, LILAK / Liberty Latin America Ltd Class C. The companys vast portfolio of products includes optical and electro-optical components and materials, fiber lasers, infrared optical components, and high-precision optical assemblies, amongst others. Questions to ask , As a result, the company will soon be able to self-fund its growth and overall operations. Follow Tweet. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. What does this mean? The hedge fund exited positions including Alphabet Inc. and Facebook . Burry's trade that made him a legend was when he used derivatives to bet on a real estate market crash in 2008 which made him . Researcher and operations manager at DM Martins Research. Thanks for supporting the Wall Street Memes). See how we calculate 13F filing performance here. Also, the article may contain affiliate links. February 17, 2023. "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. Financial plans and investment portfolios are always unique to the client's personal financial situation. What does this mean? The conservative-majority Supreme Court appeared skeptical of Bidens plan during hearings this week, raising doubts about the likelihood it will receive final approval. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. 2015-2023 Fintel Ventures LLC. 1001 and 1030). Questions to ask 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 Medical Center. Operating as an online business, this site may be compensated through third party advertisers. The turnover rate is 70%. What does this mean? The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. The stocks valuation has been compressed to a very low forward P/E ratio of about 10.4X, primarily because investors have been ditching Chinese equities due to the ongoing geopolitical risks involved. 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. The portfolio is made up of a total of 102 facilities, including 82,000 beds. Scion Asset Management is a small firm focused on serving institutional investors, and pooled investment vehicles in particular. What does this mean? As a financial advisory firm, Scion Asset Management can provide a variety of financial planning services for Americans. Based in Saratoga, Calif., Scion has just six employees, two of whom . So is Burry less bearish on the U.S. economy than he was last year? (Disclaimers: this is not investment advice. Firm performs side-by-side management with accounts that have differing fee structures. What does this mean? Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. Scion Asset Management, LLC Holdings. 0001567619-21-010281.txt. | Investormint", "EDGAR Filing Documents for 0001567619-19-004198", The Big Shorts Michael Burry Sees a Bubble in Passive Investing, "Michael Burry Portfolio / Scion Asset Management, LLC Holdings", "Michael Burry tweet, Dec. 1, 2020 (Internet Archive)", "Michael Burry of 'The Big Short' reveals a $530 million bet against Tesla", "Michael Burry of 'Big Short' Bets Against Cathie Wood's ARKK", "Author Michael Lewis on Wall Street's Delusion", "Legendary Investor Leaves Twitter, Lists 8 Metal Bands in Bio", "Where 'The Big Short's Michael Burry Is Today", "Michael Burry: Subprime Short-Seller No. Strategies arent specified: There isnt a lot of specificity provided . However, Dr. Burry has a much broader track record in the investing world. Last year was a turbulent one for China, marked by strict lockdowns and geopolitical and regulatory turmoil. As a result, we do not support personal reviews on the site. 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. 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 . Eventually Burry closed his fund and retired. Top 50 Scion Asset Management Holdings . [30], Burry is married, with children, and was living in Saratoga, California in 2010. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. He quickly earned extraordinary profits for his investors. SCION ASSET MANAGEMENT, LLC. Others say the plan is too costly and burdensome on taxpayers. What does this mean and why is it important? Our system has identified the following conflict alerts. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . See the articles below for analysis on other major investment firms/asset managers/gurus: If you are interested in finding more high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful: The major domestic stock market indices are another solid resource for finding investment ideas. 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. What does this mean and why is it important? 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. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. Questions to ask As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. While Scion Asset Managements portfolio lacks diversification, its holdings come with characteristics that reflect Dr. Burrys principles. Quickly find out what the most recently closed or increased positions are. 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. But critics have aired various concerns about Bidens plan, such as whether his executive order oversteps the presidents authority. The Board of Directors. Will any of my assets be invested in those products? decreased its share price by approximately 0.1%, Geo total 2,019,150 shares worth $15.5 million. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Scion Asset Management, LLC operates as an investment firm. Scion Asset Management's Portfolio - All 9 Public Equity Investments. For more information, please see the SECs Web Site Privacy and Security Policy. It's not hard.". "[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. The impact to a portfolio due to this purchase was 0.65%. In response, Alibaba has been repurchasing stock in bulk. The two most similar investment funds to Scion Asset Management are Centurylink Investment Management Co and Secrest Blakey & Associates. 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. CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. 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. 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. As of 7th November 2022, Scion Asset Managements top holding is 2,019,150 shares of Geo currently worth over $15.5 million and making up 37.6% of the portfolio value. 1,517,790 additional shares. 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. Scion Asset Management 13F annual report. 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. Dr. Michael Burry and his fund Scion Capital were made famous by the movie "The Big Short," which documented the history and events leading up to his contrarian but hugely successful bet against the real estate market in 2008. 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). Qurate Retail Inc makes up assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. Interestingly enough, when Dr. Burry had to pay for the credit default swaps, he experienced an investor revolt, as some investors in his fund feared his prophecy was inaccurate, requesting to withdraw their funds. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. Read through our introductory course to financial advisors. 2021-08-16. Sure Dividend compiles the following stock market databases and updates them monthly: Thanks for reading this article. , Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information

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