S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. He added to the stake by 71% during the second quarter of 2021, buying nearly a million shares at an average price of $320 per share before selling off the position entirely during the third quarter. 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. date of 2022-12-31. On January 9, Truist analyst Michael Ciarmoli raised the firm's price target on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to $58 from $45. Through other media forums, such as apps and websites, QRTEA can reach even more people globally. He maintained a Hold rating on the shares. Nonetheless, it has still managed to attain over $386.9 million in Assets Under Management (AUM). Liberty Latin America Ltd. (NASDAQ:LILA) provides fixed, mobile, and subsea telecommunications services. The average profit margin of the companies in this portfolio is 9.11%. 56% of Michael Burry's $47 Million Portfolio Is Invested in Just 3 In this article, we examined Big Short's Michael Burry bets on 11 stocks amid his warning over the stock market collapse ahead. Congrats to all those Autopilot'ing the Burry Portfolio, you should be up on this position too . In which he had credit default swap short positions against "Mortgage Backed Securities. Meanwhile, at the latest, Michael Burrys investments in GameStop have earned him a gain of 1,500%. If you choose to subscribe throughfool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. I believe it will make millions of Americans vastly wealthier. The investments that this company makes are mainly in constructing and running prisons. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June . GuruFocus.com is not operated by a broker or a dealer. Discovery Inc. is a massive multinational media chain originating from America. The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. S&P 500 Index lost 10.8% in 1957, so Buffetts investors actually thrilled to beat the market by 20.1 percentage points in 1957. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. The idea between these securities is risk was "supposed" to be diversified. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. Sorry, no results has been found matching your query. According to Insider Monkeys third quarter database, 53 hedge funds were long MGM Resorts International (NYSE:MGM), compared to 46 funds in the prior quarter. On February 2, SkyWest, Inc. (NASDAQ:SKYW) reported its fourth quarter results, falling short of Wall Street consensus. In Michael Burry's portfolio as of 31 Dec 2022, the top 5 holdings are (GEO) GEO GROUP INC/THE (25.02%), (BKI) BLACK KNIGHT INC (19.90%), (COHR) COHERENT CORP (11.31%), (BABA) ALIBABA GROUP HOLDING-SP ADR (9.46%) and (JD) JDCOM INC-ADR (9.05%). Burry added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 million. Alibaba Group (BABA) Q3 2023 Earnings Call Transcript, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. He set alarm bells ringing when he slashed his portfolio to a single position in the second quarter of last year, but added five additional namesin the third quarter. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. He launched his hedge fund in 1956 with $105,100 in seed capital. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. 3 Reasons to Sell Your Defense Stocks Now | InvestorPlace The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. as well as other partner offers and accept our, Securities and Exchange Commission filing. The form of media delivered by DISCA is television channels, and unlike most television channels displaying fictional shows, DISCA owns a chain of factual channels for general knowledge and awareness purposes. It has its workload revolving around acquisition and construction. $48 Million Total portoflio value. The hedge fund of the latter has a very bullish stance on Musk and Tesla, Inc. (NASDAQ:TSLA). Back then they werent called hedge funds, they were called partnerships. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm Berkshire Hathaway is a leading shareholder in The Kraft Heinz Company (NASDAQ:KHC) with 325 million shares worth more than $12 billion. We also made adjustments to the portfolios top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Cost basis and return based on previous market day close. The Scion Asset Management chief warned of a dramatic decline in stocks, and forecasted. BBBY was its sixth-largest position out of eight total holdings, and made up 13% of its $60 million US stock portfolio at the time. The total net worth of Michael Burry comes out to be $300 million. During the third quarter, this position was sold off entirely. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Michael Burry did not buy any new stocks in the current portfolio. However, it has streamlined its business since the last oil and gas downturn and expects reduced operating losses this round. The turnover rate is 70%. The products that Burrys company provides to its customers include a wide range of Institutional Advisory Services and Investment Products. It contributes 5.49% of his stocks, and therefore, it has a value of $7,679,000. None. The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks. A month later, Burry once again made an appearance on social media to compare the hype around growth stocks and Bitcoin to the housing bubble of 2007 and the dotcom bubble at the turn of the millennium. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. The analyst believes that Charter's investment approach is becoming more comprehensible. All theaters are overcrowded and the only way anyone can get out is by trampling each other. Easily embed the chart on your blog or website it will always update The company has been thriving since 1993 and is venturing into Canada too. . The information on this site is in no way guaranteed for completeness, accuracy or in any other way. It was recorded between 2015 and 2016, that fundholding maximized to $100 million. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Safe Stocks to Buy Hand Over Fist in 2023, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. A higher ratio indicates a higher risk. 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. It has been a favorite hedge fund stock for years. Since 2013, Michael Burry's earnings have come from his second founded firm, Scion Asset Management. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. GEO is a real estate investment trust, based in The United States of America, but proudly supplying its services to the United Kingdom, Australia, and South Africa. It also provides mental health and rehabilitation facilities. It is an integrated circuit maker, along with flash memory devices. Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. a chart on Twitter that shows the S&P 500's significant drop between February 2001 and October 2002, along with the decline in the Federal Reserve's benchmark interest rate during that time. 15 Dividend Growth Stocks with Highest Rates, 10 Most Promising EV Battery Stocks to Buy. Performance. was in the headlines as he paved the way for the GameStop short squeeze at the beginning of the year before swearing off meme stocks and predicting that the markets were about to crash and inflation was rising, long before other market experts picked up on the idea. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. By clicking Sign up, you agree to receive marketing emails from Insider According to Insider Monkeys data, 14 hedge funds held stakes worth $58.4 million in Liberty Latin America Ltd. (NASDAQ:LILA) at the end of September 2022, compared to 20 funds in the prior quarter worth $77.4 million. He was only holding Geo group Inc. stock in the second quarter of 2022. When considering our timing, we concluded, if not now, when? Scion opened a new position in The Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter of 2020, buying nearly 600,000 shares at an average price of $32.46 per share. That would have been 9.35% in hedge fund fees. Portfolio value: $46M+ Period: 2022 Q4 Number of stock: 9 Update: 14 Feb 2023 Important SBC) and theres a line-of-sight to $300+ million (ex. Disclosure. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 'Big Short' Michael Burry in 2022: Crash, Recession, Stocks, Tesla Please visit the "Stock Picks" tab to see the latest guru trades and stock picks for Michael Burry, which include data from William Crowley, William Harker, and Stephen Blass Ashe Capital held the leading position in the company. We still like this investment. Burry's Scion Asset Management also purchased 100,000 shares of MGM, a position worth $3.4 million at last quarter's close. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. We believe the financial strength of our holdings is far above the typical energy company. Michael Burry Performance Scion Asset Management, LLC Portfolio Never miss a trade. Along the way, I believe Biden could become one of the most powerful Presidents in history. The video was published on Feb. 28, 2023. *Average returns of all recommendations since inception. On January 10, Wells Fargo analyst Matthew Akers maintained an Equal Weight rating on Lockheed Martin Corporation (NYSE:LMT) stock and raised the price target to $379 from $340, underlining that new programs that were transitioning to production would cut the risks to legacy rotorcraft platforms marketed by the firm. The company operates through three segments Las Vegas Strip Resorts, Regional Operations, and MGM China. Here is what the fund said: We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. According to the analyst, there were high expectations for MGM Resorts International (NYSE:MGM)s performance on the strip, but the company exceeded them with ease. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio 13 Stocks Big Short Michael Burry Is Buying and Selling is originally published on Insider Monkey. Several other hedge funds also hold bullish positions in the company. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. The Partnership has been a buyer at these levels., Scion Asset Managements Stake Value: $2,063,750. It has shown grand returns as latest as reported in 2022, Dr. Michael Burrys holdings and portfolio are as large as approximately $104 million in AMU. He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. The beta of the portfolio is 1.13. The chief of Scion Asset Management was in the headlines as he paved the way for the GameStop short squeeze at the beginning of the year before swearing off meme stocks and predicting that the markets were about to crash and inflation was rising, long before other market experts picked up on the idea. Michael Burry is capturing headlines recently for predicting another stock market crash. *Stock prices used were the afternoon prices of Feb. 14, 2023. Now Inc an American company whose parent company is Distribution Now makes 7.7% of his portfolio. Burry's latest chart and comment suggest that he sees similarities between the current market surge and the one in early 2001, when interest rates were at 6%, and he expects both the S&P 500 and the Fed Funds rate to eventually drop, with the Fed cutting rates as the economy weakens and asset prices decline. Feb 9. Michael Burry Net Worth and Investment Portfolio 2023 - MoneyMade Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 The market value of the company. It operates in two segments, Aerospace and Defense, and Real Estate. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. A Michael Burry expert breaks down what makes the 'Big Short' investor special. He was born in San Jose, California on June 19, 1971. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. In this article, we discuss 13 stocks that Michael Burry is buying and selling. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealedon Tuesday. On another occasion in 2018, by total assets, Wells Fargo became the fourth largest bank in the United States of America. As of December 31, 2020, the carrying value of our investment exceeded the fair value based on the quoted market price by $2.0 billion (15% of carrying value). Michael Burry reveals new stock bets after previously dumping entire During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. Is Alibaba Stock a Buy After Q4 Earnings? RPT Realty is the operator behind most shopping centers that are providing its services in open-air. During the third quarter, Scion Asset Management made new purchases in 3 stocks, additional purchases in none, sold out of 19, and reduced holdings in 2 stocks. Defensive positioning is the current theme of his portfolio . The stock is currently selling for 66% of tangible book value. Burry is most famous for his billion-dollar bet against the mid-2000s housing bubble, which was chronicled in the book and movie "The Big Short." And still the door is only so big.". As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. He offered a one-word piece of advice in late January: "Sell." Michael Burry 13F Portfolio - Hedge Follow Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. In November, he surfaced on Twitter to remind his followers that Musk, who had been selling his Tesla, Inc. (NASDAQ:TSLA) stock as part of a plan to showcase his commitment to charity, just liked selling his stock because it was trading too high. Fundamental company data provided by Morningstar, updated daily. According to Insider Monkeys Q3 data, 68 hedge funds were long Charter Communications, Inc. (NASDAQ:CHTR), and Harris Associates held the biggest position in the company, comprising 4.3 million shares worth $1.3 billion. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are. Western Digital Corporation is a company based in The United States of America that specializes in computer memory. Access your favorite topics in a personalized feed while you're on the go. If you want to skip our detailed analysis of these stocks, go directly to the, Michael Burry, the legendary investor who rose to fame after predicting the financial crisis of 2007 and profiting from the collapse of the housing market a feat that was later turned into a Hollywood film named. In short, a powerful new economic force is quietly building behind Joe Biden and Im confident Biden can harness this forces inevitable wave, carrying him to a LANDSLIDE re-election win. In 2002, Scion was up 16%, while the S&P 500 fell 22.1%. Read more:A Michael Burry expert breaks down what makes the 'Big Short' investor special. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. All Rights Reserved. Burry stopped betting against Cathie Wood's ARK and Tesla. Therefore, it seems to maintain a high position in the communications industry. Here you can find the latest trades based on Burry's 13F filings and insider trades. The top 5 stocks still make up about 76% of the total . In the fourth quarter of 2022, Michael Burry purchased 356,101 shares of Wolverine World Wide, Inc. (NYSE:WWW) worth $3.8 million, representing 8.36% of the total 13F holdings. Despite his education in both economics and medicine, Burry currently chooses to practice the former. Michael Burry is capturing headlines recently for predicting another stock market crash. RPT Realty is a company based in New York, in The United States of America. Bank of America Global Research data indicates that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. Several elite hedge funds are bullish on the company as a new fiscal year begins. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealed on Tuesday. Data from around 900 elite hedge funds tracked by Insider Monkey was used to identify the number of hedge funds that hold stakes in each firm. Just like Tesla, Inc. (NASDAQ:TSLA), Alphabet Inc. (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:FB), Discovery, Inc. (NASDAQ:DISCA) and CVS Health Corporation (NYSE:CVS), Lockheed Martin Corporation (NYSE:LMT) is one of the stocks on the radar of elite investors. It indicates the company's profitability. Burry isn't the only notable investor to show interest in BBBY. Reported in March of 2022 UNIT held more than 125,000 fiber route miles. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. He was right, This was the 2008 Financial Crisis, Housing Bubble which resulted in the collapse of Lehman brothers investment bank & a major stock market crash! In addition to Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD), Burry added MGM Resorts International (NYSE:MGM) to his portfolio during the December quarter. We remain attracted to WWWs strong collection of brands and its fragmented customer base.. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). In his research note titled "Aerospace & Defense 2023 Outlook - We Favor Defense and Aero Aftermarket," he recommends a cautious approach due to the challenges that impacted the sector in 2022, which are expected to continue in 2023, including the possibility of a recession, ongoing supply chain pressures, and uncertainties regarding COVID recovery. At least in BBBY's case, he was right on the money. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks Shares of The Kraft Heinz Company (NASDAQ:KHC) common stock are publicly-traded and the fair value of our investment was approximately $11.3 billion at December 31, 2020 and $10.5 billion at December 31, 2019. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc (BKI), Alibaba Group Holding Ltd (BABA), JD.com Inc (JD), Wolverine World Wide Inc (WWW), not including call and put options. He has even said that he even owns some coins. Because of its high-end worth. highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. The Scion Asset Management chief also built a $10 million stake in Qurate Retail, and established smaller positions in Aerojet Rocketdyne, Charter Communications, Corecivic, and Liberty Latin America. Click to continue reading and see 5 Stocks Big Short Michael Burry Is Buying and Selling. , an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. Michael Burry Stock Tracker on Twitter: "Burry Portfolio Update: The 'Big Short' Investor Michael Burry Reveals 5 Stocks He Bought in Q3 Qurate Retail, Inc. (NASDAQ:QRTEA) is engaged in the video and online commerce industries in North America, Europe and Asia. It has shown grand returns - as latest as reported in 2022, Dr. Michael Burry's holdings and portfolio are as large as approximately $104 million in AMU. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm. Ric Dillons, Diamond Hill Capital made the following comment about Wolverine World Wide, Inc. (NYSE:WWW) in its Q4 2022 investor, 5 Stocks Big Short Michael Burry Is Buying and Selling, China to guard against risks in property market - Premier Li, REFILE-Ukrainian pilot pair in Arizona to fly military simulators - US official, Another Norfolk Southern train derails in Ohio; company says no toxins aboard, UPDATE 2-China opens parliament, setting modest growth target of about 5%, China to develop more energy and mineral reserves and boost production. Burry was referring to a situation where a shareholder keeps converting preferred stock into common stock at a discount to the market price, then sells the resulting shares, driving the stock price ever lower. Just as inflation started creeping up in the United States, derailing a faster-than-expected economic recovery and leading to speculation around a rise in interest rates and an accompanying correction in growth stocks, Burry slashed his stock positions from more than 20 down to only 6.