scion asset management

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 LLC Institutional Portfolio | Nasdaq. 1-Year Performance. 1001 and 1030). [6], According to his website, Burry liquidated his credit default swap short positions by April 2008 and did not benefit from the bailouts of 2008 and 2009. Scion's required disclosure did not include any "short" position it held in the third quarter, nor does it show . . Specifically, The GEO Group has suspended its dividends, which has allowed the company to deleverage rapidly. 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. 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). This value is significant in that it is the last known price at which the security was still held. 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. Click the link icon to see the full transaction history. Portfolio value: $46M+ Period: 2022 Q4. Financial plans and investment portfolios are always unique to the client's personal financial situation. Michael Burry | Scion Asset Management Profile - TipRanks.com Qurate Retail Inc and bought 5,000,000 shares worth $10.1 million. [17], In an April 3, 2010 op-ed for The New York Times, Burry argued that anyone who studied the financial markets carefully in 2003, 2004 and 2005 could have recognized the growing risk in the subprime markets. 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. I was damned sure I was going to pay it off.. Particularly, in 2005, Dr. Burry started to concentrate on the subprime market. Michael Burry has been on a buying spree lately. The Board of Directors. Burry followed up his warning by detailing his own experience with student debt. Yes or 2015-2023 Fintel Ventures LLC. SEC Form 13F Filing History. Details on the strike price of the puts, their value and whether they were part of a broader trade were not available. 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. in 2008. Burry predicted, "Fed will cut and government will stimulate. 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? Here's what investors need to know about Michael Burry's long positions. Michael Burry is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Researcher and operations manager at DM Martins Research. 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Michael Burry Stock Portfolio 2023 - Scion Asset Management Holdings 13F Whoopi Goldberg admits 'politics got in the way' of COVID- REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, US home prices just did something they haven't done since 2012, JPMorgan Chase requires some workers give 6 months notice before quitting, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Rebel Wilson says Meghan Markle isnt as naturally warm as Prince Harry, Kristen Doute supports Ariana Madix amid mutual ex Tom Sandovals scandal, Celeb-loved jewelry brand Dorsey drops dazzling new styles, March 4, 1984: Martina Navratilova defeats Chris Evert at MSG, Tom Sandoval breaks silence on Ariana Madix split amid cheating claims, Canadian teacher with size-Z prosthetic breasts placed on paid leave. and 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. With headquarters in New York and offices in London and Guernsey, Sciens has been investing in real assets strategies since 2007. Scion has $638,901,404 assets under management (AUM). Mailing Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070. Business Address 20665 4TH STREET SUITE 201 SARATOGA CA 95070 408-441-8400. As a Certified B Corporation, our focus is simple: people before profits. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. This is a low margin business in the first place, and so despite the company posting record revenues last year, it saw a decline in earnings. Heejin Kim and Myungshin Cho (29 August 2019). What does this mean and why is it important? Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Sciens launched the Sciens Water Opportunities Fund in 2018 to make investments in the U.S. water sector. Scion Asset Management Review 2023 | investor.com What does this mean and why is it important? Firm or an affiliate actively engages in business as a law firm or lawyer. The author may be long one or more stocks mentioned in this report. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. These filings are called "notice filings". The companys operating income can be divided into three segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year. Scion asset management - What are they investing in Right Now? Rather, he pays attention to off-balance sheet metrics and naturaly, free cash flow. Scion Asset Management, LLC Portfolio Never miss a trade. tips_and_updates Financial Advisor Education. 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. 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. 340.42% 1Y 3Y 5Y 10Y. Relative to the number of outstanding shares of Geo, Scion Asset Management owns more than approximately 0.1% of the company. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. 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. The turnover rate is 70%. At 06/30/2022: $3,309. Scion Asset Management is an investment fund managing more than $41.3 million ran by Michael Burry. Leadership - The Scion Group [14][15][16], During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. Top 50 Scion Asset Management Holdings . Burry's Scion sold all Gamestop shares in Q4 before GME went Burry predicted Tesla stock would collapse like the housing bubble,[27] saying that "my last Big Short got bigger and Bigger and BIGGER" and taunted Tesla bulls to 'enjoy it while it lasts. Precisely because he doesnt focus on a specific industry and because the essence of financial metrics shifts by industry and each companys place in the economic cycle, Dr. Burry utilizes the ratio of enterprise value (EV) to EBITDA when researching investment ideas. Since 1999, Scion Advisory Services has been the sector's most trusted adviser, collaborating with clients on over 250 campuses and counting. Burry is betting big on the discretionary and industrial sectors, which generally benefit from economic growth. [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 firm's asset exposure includes equities, derivatives, and fixed income instruments. Bidens orders, which directed the attorney general not to renew Justice Department contracts with privately operated criminal detention facilities. Firm or a related person trades securities for themselves that they also recommend to their clients. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Please provide me a list of the products and a summary of how much your firm earns from them. Questions to ask It charges an asset-based management fee that can be as high as 2% per year, while it may also take up to 20% of the value of the appreciation from each clients account. Michael Burry reveals new stock bets after previously dumping entire The total portfolio value may be much higher due to cash DATAROMA Invest Alongside Superinvestors The Scion Group is the largest owner/operator of off-campus student housing communities globally. Can I Invest In Scion Asset Management - InvestmentProGuide.com In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in 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. 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 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. Questions to ask Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle Burry, who is primarily known for his "Big Short" position, has made predictions about 2023, and these may be well expressed in short positions. When I left residency at Stanford to gamble my future on what was to become, I had well into six figures of educational debt. Questions to ask Charles Bobrinskoy - Ariel Focus Fund Updated 11 Jan 2023. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. FINRA data last verified February 17, 2023. What does this mean and why is this important? Back on April 10, 2020, Michael Burry, who gained fame as a major character in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME) disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME's outstanding shares. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Scion Asset Management, LLC Bu - GuruFocus.com Scion Asset Management, registered in 2018, serves 2 state (s) with a licensed staff of 4 advisors. 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. has disclosed 9 total holdings in their latest SEC filings. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? The firm owned 95,150 shares of the company's stock after purchasing an additional 57,650 shares during the period. Scion Asset Management Review | SmartAsset.com He has stated more than once that his investment style is based on Benjamin Graham and David Dodds 1934 book Security Analysis. So is Burry less bearish on the U.S. economy than he was last year? [17] He subsequently liquidated his company to focus on his personal investments. Warren Buffett's: Berkshire Hathaway. Form 13F is required to be filed within 45 days of the end of a calendar quarter. David Einhorn's: Greenlight Capital. A regulatory agency has previously denied, suspended, or revoked the firms or an advisory affiliates registration or license or otherwise restricted their activities.

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