Our Methodology. documented the history and events leading up to his contrarian but hugely successful bet against the real estate market So is Burry less bearish on the U.S. economy than he was last year? [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. Heejin Kim and Myungshin Cho (29 August 2019). 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). This arrangement creates a conflict where the firm and its representatives may be incentivized to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Cassandra B.C. (@michaeljburry) / Twitter Scion Asset Management, LLC's top holdings are 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. Verition Fund Management LLC Acquires 57,650 Shares of ScION Tech Checks take place monthly. We use the change in the portfolio allocation because this is the most meaningful metric. Lets not forget that the student debt problem is built on a foundation of terrible major choices.Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. How do we make money? Primary Business Name: SCION ASSET MANAGEMENT, LLC CRD Number: 167772 Other-Than-Annual Amendment - All Sections Rev. 2021-08-16. Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. 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. Questions to ask He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. On February 14, Michael Burry filed his company's holdings report with the SEC. Execute maintenance objectives and daily assignments with the Facilities Supervisor. Red rows indicate closed positions. The Board of Directors. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Oils $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? 2015-2023 Fintel Ventures LLC. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. Charlie Munger - Daily Journal Corp. Questions to ask Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. Last year, the nonpartisan Committee for a Responsible Federal Budget found the plan will likely cost an astronomical $400-$600 billion over time. How does your firm mitigate them? Changes can be due to trades or changes in share prices. 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. Scion asset management - What are they investing in Right Now? 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". Data is sourced from 13D/13G, 13F, and N-Q filings. *SEC data last verified February 17, 2023. What does this mean? Burry predicted, "Fed will cut and government will stimulate. Scion Asset Management Review 2023 | investor.com The president and supporters of his plan argue student loan debt forgiveness will provide much-needed relief to million debt-saddled Americans. , What does this mean? Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) Which securities does your firm trade for itself that it will also be recommending to me? For further detail, see our articles on different types of advisors and financial advisor services. Scion Asset Management 13F annual report (2023) | wallmine The current portfolio value is calculated to be $47.00 Mil. : 000000000 | State of Incorp. Scion Asset Management's Portfolio - All 9 Public Equity Investments. As a result, the company will soon be able to self-fund its growth and overall operations. T. Black Knight offers blended software, data, and analytics solutions all over the globe. He has said more than once that his investment style is built upon Benjamin Graham and David Dodds 1934 book Security Analysis: "All my stock picking is 100% based on the concept of a margin of safety. Operating as an online business, this site may be compensated through third party advertisers. Additionally, the company has been utilizing loopholes through third parties, which essentially still allows it to deal with federal agencies. This could be detrimental to a client during down markets. Demand for the companys products has remained robust lately, but inflationary pressures on the expenses side of the income statement have suppressed profitability severely. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). The fund focuses on investments in the United States as 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. SkyWest, Inc. (US:SKYW) Please see our General Disclaimers for more information. Michael Burry (Scion Asset Management) Portfolio Update: Q2 2021 13F What does this mean and why is it important? Michael Burry is likely betting on the stocks valuation levels normalizing as we advance, which sounds like a reasonable investment case given Alibabas excellent financials. Furthermore, Burry has predicted a vicious cycle in which the Fed raises interest rates to a level not seen since the 2008 crisis. The portfolio is made up of a total of 102 facilities, including 82,000 beds. Growth has also been smooth for the company due to the recurring nature of its business model. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. Qualified participating firms must abide by investor.com Certification program's terms and conditions when utilizing an awarded "Trusted by investor.com" badge, as well as in connection with permitted enhancements to the firm's investor.com profile page. Figure 1:What to Know About Michael "Big Short" Burry's Latest Stock Purchase, Read also: GameStop Stock: What the SEC Says About Direct Registration. They contribute around 66%, 13%, 11 and 9% of total revenues, respectively. Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Yes or 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. Questions to ask February 17, 2023. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. He has said, "Fresh, clean water cannot be taken for granted. The fund only has four clients. Hedge Fund and Insider Trading News: Michael Burry, Bridgewater These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. * Reported Price is the price of the security as of the portfolio date. 100.0% 18951. Stock Company Name % of Portfolio Shares Owned Value Change in Shares Ownership History Questions to ask Scion Asset Management - Michael Burry - Insider Monkey BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today . Some detractors have suggested that a cancellation of student debt would further fuel inflation that hit its highest level in decades last year. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? Fintel is a registered trademark. Limited offerings: Scion Asset Management isnt an advisory firm as much as it is an asset management company. [18] He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors. Bruce Berkowitz's: Fairholme Capital Management. Burry's bearish thesis is that the American economy will go into recession in 2023 regardless of how we define the term. Here you can find the latest trades based on Burry's 13F filings and insider trades. Please send any feedback, corrections, or questions to support@suredividend.com. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". SCION ASSET MANAGEMENT, LLC: CHIEF EXECUTIVE OFFICER: direct: 2013-03-01: CLARKE BENNITT MANAGEMENT, LP: PRINCIPLE OWNER: indirect: 2005-02-01: 2006-01-20: BURRY, ANH-THI: TRUSTEE THE BURRY 2003 REVOCABLE TRUST: 05/01/2003: Indirect Other: Fund Name Position direct/indirect start date end date; SCION ASSET MANAGEMENT, LLC:
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