See also AMC Short Interest, GME Short Interest, Scion Asset Management, Vanguard Group, Point72, Sabby, Baker Brothers, Citadel Advisors, Himalaya Capital, Baillie Gifford, Fundsmith, SPY. Burry's Scion Asset Management swapped out four of its six US stocks last quarter, helping to boost its portfolio's value by 78%. Scion Asset Management managed to record returns of 489.33% between November 2000 and June 2008. 20400 Stevens Creek Blvd Suite 840 Cupertino, CA 95014 United States. In Michael Burry's current portfolio as of 2021-09-30, the top 5 holdings are CVS Health Corp (CVS), Lockheed Martin Corp . This value is significant in that it is the last known price at which the security was still held. After earlier remarks about SEC and Fed policies as well as inflation, the CEO of Scion Asset Management is saying Elon Musk has it . Burry has since made a comeback into the asset management business. Scion Asset Management had a portfolio value of more than $41 million at the end of the third quarter of 2021, down from $2 billion at the end of the second, according to the latest 13f filings. Pershing Square - Bill Ackman Letters. Visit Business Insider's homepage for . Golden Ocean Group Limited (NASDAQ:GOGL . The sale prices were between $7.22 and $10.12, with an estimated average price of $8.7. We previously detailed how he re-built a stake in Gamestop (GME) and sent a letter to the board. The sale prices were between $326.31 and $376.33, with an estimated average price of $345.82. In its Q4 2020 investor letter . August 19, 2019 08:57 PM Eastern Daylight Time CUPERTINO, Calif.-- ( BUSINESS WIRE )--Scion Asset Management sent a letter today to the Board of Directors of Tailored Brands Inc. The current portfolio value is calculated to be $42.00 Mil. The stock is now traded at around $275.00. For the fiscal year ended December 31, 2000, encompassing the entire two months of the Fund's existence to that date, the Scion Value Fund;s net asset value increased 6.63% after expenses and contingent fee allocations. Scion currently owns approximately 2,375,000 shares, or about 4.7%, of the 50,519,133 common shares outstanding per Bloomberg. Percent of Scion Asset Management's 13F Portfolio: 0.37%. "We turned the tables on Wall Street and I became the 1% in a way I never imagined sitting where you sit today," Burry said in a 2012 commencement address to economics graduates at UCLA, his alma mater. As mentioned in our previous letter to the board, we have concerns regarding capital management at GameStop. According to Forbes, Burry's play was to convince GameStop to use its cash to buy back stock - thereby retiring about half of its shares outstanding. The sale prices were between $326.31 and $376.33, with an estimated average price of $345.82. The puts, which are . . Scion Asset Management, run by investor Michael Burry of "The Big Short" fame, discloses a bet that Tesla (TSLA-3.9%) stock will fall in its latest 13F filing.The firm holds put options on 800,100 . In their previous filing dated 2020-04-10 . The Scion Asset Management boss purchased a stake in the video-game retailer in 2019. Burry's Scion Asset Management said in a regulatory filing in mid-May it had put options on 800,100 Tesla shares as of the end of the first quarter. Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. Scion Asset Management, LLC sold out a holding in Lockheed Martin Corp. It indicates a way to . The 47-year-old revealed about his investment strategy in MSN Money Articles during 2000/2001, in which he wrote, Scion Asset Management - Michael Burry assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey Based on Tesla's closing price of $667.93 at the end of the first quarter, the value of that many shares would have been about $534 million. TLRD / Tailored Brands, Inc. / Scion Asset Management, LLC Activist Investment. Given the quarter-century . 1-408-441-8400. Sold Out: NOW Inc . 2021 Invest For Kids Conference Coverage: Zell, Snowcat, Emerson, Solstein And More. Consider as just one example that if the turnaround is successful. The impact to a portfolio due to this purchase was 0.65%. Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,750,000 shares, or about 3.05%, of GameStop, Inc. ("GameStop") common stock. 13F filed for Scion Asset Management. Burry's play . Nov 15, 2021, 12:43 pm 0. WEBSITE. November 12, 2021, 5:46 AM PST. Two crossed lines that form an 'X'. * Reported Price is the price of the security as of the portfolio date. GME / GameStop Corp. / Scion Asset Management, LLC Activist Investment. The chief of Scion Asset Management went as far as to say that it was the "greatest speculative bubble" and would lead to the "mother of all crashes". In light of the. Burry's firm, Scion Asset Management, said Monday in a regulatory filing that it owned puts against 800,100 shares of Tesla as of March 31 with a total value of $534 million. He also pushed for changes in three letters to GameStop's bosses. Scion Asset Management, which Burry founded and runs as chief executive officer, had cut back to only a handful of positions as of the end of September, according to a regulatory filing made on . Jacob Wolinsky -. Menu icon A vertical stack of three evenly spaced horizontal lines. Burry, the founder of Scion Asset Management whose best known for making a killing betting against the housing market ahead of the 2008 collapse, began loading up on shares of GameStop in 2018. WEBSITE. INCORPORATED. SUB-INDUSTRY. At its height, Scion managed about $1 billion. The turnover rate is 30%. PHONE. Vulcan Value Letters - CT Fitzpatrick. Scion Asset Management, LLC has disclosed 6 total holdings in their latest SEC filings. Scion Asset Management Urges Tailored Brands to Repurchase Shares with Sale Proceeds Tailored Brands stock at 25-year lows - Scion seeks re-evaluation of capital allocation strategy Business Wire. This means his average cost is $7.75 while TLRD shares closed at $5.42 on Friday. Argosy Investors, which posted a 29.8% return for 2020, highlighted few stocks including Wells Fargo in a Q4 . Urges GameStop to Buy Back $238 Million of Stock with Cash on Hand. 4)* TAILORED BRANDS INC. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 87403A107 (CUSIP Number) Michael J. Burry c/o . "No, it was a trade," Burry was quoted as saying in an email to CNBC on Friday, when asked whether he was . Our coverage of the conference can be found below. Retrying. Scion Asset Management and its affiliates ("Scion") are shareholders of Tailored Brands, Inc. ("Tailored"). There was a problem previewing Scion Capital Letters.pdf. By Jon Erlichman and Dakin Campbell, bloomberg., which Burry picks might be a buy?). Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,750,000 shares, or about 3.05%, of GameStop, Inc. ("GameStop") common stock. It later emerged that Scion Asset Management had sent a letter to GameStop's board, asking it to buy back $300 million of its own shares, to boost the value of its shares. Burry is best known for his lucrative bet . The tweet has since been deleted. SUB-INDUSTRY. Michael J. Burry is back over $100M. Scion's Letter to Gamestop Board Below is the full text of the letter Dr. Burry sent Gamestop: "August 16, 2019 Dear Members of the Board,Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,750,000 shares, or about 3.05%, of GameStop, Inc. ("GameStop") common stock. Burry's hedge fund Scion Asset Management spent nearly $15 million to purchase 5.3% of ailing video game retailer GameStop at between $2 and $4.2 a share. Michael Burry, head of investment firm Scion Asset Management, tweeted today that the firm has received a subpoena from the SEC. The gross performance of the Fund was 8.24%. Unfortunately, its AUM . 15.69%. The stock is now traded at around $14.430000. The SEC filings include 13F quarterly reports, 13D/G beneficial ownership reports and form 4 insider ownership change reports. It is my opinion that the most stable, cost-effective, and eternal alternative . ADDRESS. 10/10/2011. Portfolio manager(s) are listed as Michael Burry. Scion Asset Management, LLC has disclosed 6 total holdings in their latest 13F filing with the SEC for the portfolio date of 2021-09-30. Detailed information regarding Michael Burry's latest trades and stock picks. Scion Asset Management bought 250,000 shares of WFC in Q4 valued at $7.5 million. Scion Asset Management's #3 position was Five Point Holdings. The Scion Asset Management boss observed that the trend was sapping interest in smaller, undervalued securities around the world. Sold Out: NOW Inc . Scion Asset Management had more than $100 in AUM in 2016 and started filing 13Fs. 10/10/2011. Michael Burry. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several letters recommending an aggressive share buyback. READ MORE on www.businesswire.com Securities and Exchange Commission. The S&P 500, widely regarded as the benchmark for the US market, returned just under three percent including dividends . Name of Issuer; Scion G7, L.P. Street Address 1 Street Address 2; 20665 4th Street, Suite 201: City State/Province/Country ZIP/PostalCode Phone Number of Issuer Burry, who leads Scion Asset Management, shot to fame by betting against mortgage securities before the 2008 crisis. Asset Management. 1-408-441-8400. Number of Hedge Fund Holders: 15. On August 16th, Scion Asset Management sent a letter to the Board of. Michael Burry investment strategy. Shareholder letter; Scion Asset Management; It indicates an expandable section or menu, or sometimes previous / next navigation options. 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. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry During his brief return to Twitter, the Scion Asset Management chief tweeted investing tips and rang the alarm on meme stocks, crypto, and inflation. In terms of the portfolio weights assigned to each position Scion Asset Management allocated the biggest weight to Foot Locker, Inc. (NYSE:FL), around 1.66% of its 13F portfolio. "During the last great inflation, #WarrenBuffett wrote about . Burry's hedge fund Scion Asset Management disclosed it bought 5.3% of ailing video game retailer GameStop GME at between $2 and $4.2 a share, spending about $15 million in total. Burry was depicted in . BridgeWater Associates - Ray Dalio's Principles. In a letter to management, Burry recommended a "game-changing" buyback of shares. INCORPORATED. Scion filed a 13D targeting Gamestop in August of 2019, when the stock was at $3.87. PHONE. 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. The holding were 50,000 shares as of . Scion Asset Management and its affiliates ("Scion") are shareholders of Tailored Brands, Inc. ("Tailored"). In Michael Burry's portfolio Q2 2021, the first thing to catch an eye was that Scion Asset Management bought 2,355 bearish (put) contracts against the ARK Innovation ETF during the second quarter and held them through the end of the period.However, he decided to sell that option and is currently no longer holding it. Third Point - Dan Loeb Letters. ADDRESS. He attached a copy of the SEC letter dated Sept. 21. Five Point's year-end letter to shareholders said that "Outside of the Financial Crisis, the only period where the discount to NAV has exceeded 25% (as it did at the end of the 2018 calendar year) was from August to October in 2011 amidst the US debt ratings downgrade and . Scion Asset Management's Stake Value as of Q2: $7,728,000. sec.gov/cgi-bi. 2020-05-06 sec.gov - 259 - SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. whereas Burry wrote several letters to GameStop's directors in . Burry stopped betting against Cathie Wood's ARK and Tesla. This is up 40.54% from the 1,850,000 shares . Aug 19, 2019. GME represented 3.79% of the long portfolio, down from 12.23% in Q1. As mentioned in our previous letter to the board, we have concerns regarding capital management at GameStop. Scion Asset Management, LLC ownership in GME / GameStop Corp. 2020-05-06 - Scion Asset Management, LLC has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 2,801,929 shares of GameStop Corp. (US:GME). . The Scion Asset Management boss purchased a stake in the video-game retailer in 2019. The purchase prices were between $230.12 and $303.91, with an estimated average price of $257.89. Whoops! Overnight Michael Burry of Scion Asset Management, the investor made famous by Christian Bale in "The Big Short," tweeted his concerns over inflation and the . Markel Corp - Thomas Gayner Letters. Scion Asset Management, LLC initiated holding in Facebook Inc. Latest data shows that Scion Asset Management owned 200,000 shares of CVS Health Corporation (NYSE:CVS) worth around $16.9 million at the end of September, representing over 40% of the portfolio. The Altschuler submission also included a separate letter from Boston Trust & Investment Management Company ("Boston Trust") stating the number of shares ofDevon common Scion Asset Managament Investment Hi guys, I've searched a bit on the internet regarding the fund of Micheal Burry, Scion Asset Management, but i've seen that is a bit different from black rock, jp morgan … funds. The 13th Annual Invest For Kids Conference which took place on November 4th, virtually. He raised $100 million to $200 million from outside investors during 2013 and started Scion Asset Management, LLC, which is a private investment firm. The sale prices were between $7.22 and $10.12, with an estimated average price of $8.7. The Scion Asset Management boss also called bitcoin a "speculative bubble," predicted inflation would soar, and sold most of his US stocks in 2021. The purchase prices were between $9.72 and $15.36, with an estimated average price of $12.41. Scion Asset Management. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008, before closing it to focus on his personal investments. Scion currently owns approximately 2,600,000 shares, or about 5.15%, of the 50,519,133 common shares outstanding per Bloomberg. Scion Asset Management had more than $100 in AUM in 2016 and started filing 13Fs. From the letter, "As of August 19, 2019, Scion Asset Management and its affiliates own 3,000,000 shares, or 3.3%, of GameStop Corp. common stock:" Scion Asset Management, LLC sold out a holding in Lockheed Martin Corp. Michael James Burry ( / ˈbɜːri /; born June 19, 1971) is an American investor, hedge fund manager, and physician. Burry slashed Scion's Gamestop (GME) stake during Q2. Scion Staffing ( www.scionstaffing.com ) is leading a search for a Director of Resident Services for our client, a nonprofit affordable housing developer in San Francisco. Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. On Tuesday, filings disclosed by Burry's hedge fund, Scion Asset Management, showed the firm selling 1.7 million shares of GameStop in the fourth quarter. Scion Asset Management, LLC sold out a holding in NOW Inc. Scion Asset Management Holdings Heatmap. In a 13D filing on Tailored Brands (NYSE: TLRD ), hedge fund Scion Asset Management, LLC disclosed a 5.1%, or 2,600,000 share, stake in the company. Oaktree Capital - Howard Marks memos. A scanned copy of the letter shows that it relates to GameStop Corp. and was issued on September 21. Scion Asset Management, LLC initiated holding in Lumen Technologies Inc. Scion Capital Asset Management - Mike Burry Letters. Dr. Michael Burry of Scion Asset Management has been busy lately. The holding were 650,000 shares as of 2021-03-31. He also pushed for changes in three letters to GameStop's bosses. 20400 Stevens Creek Blvd Suite 840 Cupertino, CA 95014 United States. August 19, 2019 09:08 PM Eastern Daylight Time CUPERTINO, Calif.-- ( BUSINESS WIRE )--On August 16 th, Scion Asset Management sent a letter to the Board of Directors of GameStop Corp. urging the. 2020-05-07 sec.gov - 799 - SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. Visit Business Insider's homepage for more . Here is what he said in a letter to the board: "Scion Asset Management and its affiliates ("Scion") are. The impact to a portfolio due to this purchase was 3.96%. GME was trading at $4.74 at the time of this writing. Semper Augustus - Chris Bloomstran's Letter. Scion Asset Management is a hedge fund with 5 clients and discretionary assets under management (AUM) of $638,901,404 (Form ADV from 2021-03-31). Their last reported 13F filing for Q3 2021 included $41,719,000 in managed 13F securities and a top 10 holdings . With some urgency, we stand by our letters of August 2 nd and 19 th. $137539000. Asset Management. . Founding and managing Scion Asset Management. Holdings Concentration. This website is provided "as is" without any representations or warranties, express or implied. Well, he has now also just filed a 13D on shares of Tailored Brands (TLRD), which he's owned and previously also sent letters to the board. Scion Asset Management is based out of Saratoga and is run by Dr. Michael J. Burry. Michael Burry, the chief of Scion Asset Management, had surprised the finance world with a $731 bearish bet against electric vehicle maker Tesla, Inc. (NASDAQ:TSLA) earlier this year. 11. 8% of Scion's overall portfolio at the end of the third quarter of 2020. The Big Short's Michael Burry is back on Twitter this morning. Michael Burry is a well-known value investor and the founder of Scion Asset Management. "Warren Buffett's #BerkshireHathaway annual letters guided me tremendously earlier on," the Scion Asset Management boss said. 1)* GameStop Corp. (Name of Issuer) Class A Common Stock, $0.001 par value per share (Title of Class of Securities) 36467W109 (CUSIP Number) Michael J. Burry c/o Scion . This represents 4.3 percent ownership of the company. Here's a copy of Scion Asset Management, LLC's letter to GameStop Corp.'s Board of Directors: "August 16, 2019 Dear Members of the Board, Scion Asset Management, LLC and its affiliates ("Scion"). On September 28, 2012, Devon received the Proposal and a cover letter from each of the Proponents stating their respective ownership of shares ofDevon common stock. Scion Asset Management, LLC sold out a holding in NOW Inc.

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