Burry stopped betting against Cathie Wood's ARK and Tesla. You can get rich by returning 20% per year and compounding that for several years. Now Inc an American company whose parent company is Distribution Now makes 7.7% of his portfolio. If you want to see more stocks in this selection, check out, He bought 75,000 shares of Chinese e-commerce firm JD.com, Inc. (NASDAQ:JD) and 50,000 shares of Chinese technology giant Alibaba Group Holding Limited (NYSE:BABA) in the December quarter. Discovery Inc. is a massive multinational media chain originating from America. Even so, we have kept our exposure to the energy sector in check given our concerns about the overall economy.. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors. Michael Burry is an American investor, and hedge fund manager. According to Q4 2022 filings, Burry, who gained fame for his successful bet against U.S. real estate before the 2008 financial crisis, has taken new positions in two Chinese companies. The business is highly predictable so there havent been any surprises on the operational front, and virtually all of its floating-rate debt has been swapped, thereby protecting it from this years rapid rise in interest rates. It indicates the company's profitability. 52-week lows, etc. The top 5 stocks still make up about 76% of the total . On February 8, MGM Resorts International (NYSE:MGM) reported a Q4 non-GAAP loss per share of $1.53 and a revenue of $3.59 billion, topping market estimates by $0.04 and $240 million, respectively. RPT Realty is a company based in New York, in The United States of America. Therefore, it seems to maintain a high position in the communications industry. Read more:A Michael Burry expert breaks down what makes the 'Big Short' investor special. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. Administrative and Support and Waste Management and Remediation Services ($9.67 Million), Arts, Entertainment, and Recreation ($4.59 Million), Transportation and Warehousing ($2.6 Million), Mining, Quarrying, and Oil and Gas Extraction ($0), Professional, Scientific, and Technical Services ($0). Currently, the most significant of these is our investment in the common stock of The Kraft Heinz Company (Kraft Heinz). Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. The products that Burrys company provides to its customers include a wide range of Institutional Advisory Services and Investment Products. The company is a new holding in the portfolio of Scion Asset Management. On another occasion in 2018, by total assets, Wells Fargo became the fourth largest bank in the United States of America. The average profit margin of the companies in this portfolio is 9.11%. 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. Making the world smarter, happier, and richer. Wood took Burry head-on when his bearish bets against ARK Innovation ETF (NYSE:ARKK) were made public, going on Twitter to say that Burry did not understand the fundamentals creating explosive growth and opportunities in the innovation space. In its Q4 2020 investor letter, RiverPark Advisors, LLC, an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. Here is what Weitz Partners Value Fund has to say about Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2022 investor letter: Liberty Broadbands primary asset is a 26% stake in Charter Communications (NASDAQ:CHTR). Its selling for half of book value. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. For FY 2023, the company expects net income to range from $58.0 million to $75.0 million, FFO per diluted share of $1.35 to $1.50, diluted EPS of $0.50 to $0.65, and EBITDA between $298.5 million to $313.5 million. Between June and September, the portfolio value of Scion Asset Management decreased from $140 million to just $41 million. For example S&P 500 Index returned 43.4% in 1958. The fund returned about a 4.17% return in the quarter which was well below the market performance in Q4 2022 (S&P 500 index rose about 7%). secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. It is reported that in GameStop, he reported 1.7 million shares, and his returns peaked at a value of $271 million. Refer a Friend and Earn One Month of Free Membership. Fundamental company data provided by Morningstar, updated daily. Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. It also provides mental health and rehabilitation facilities. The company has been thriving since 1993 and is venturing into Canada too. 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. 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. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. A higher ratio indicates a higher risk. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today, reflecting the retailer's onerous debts, inventory woes, and warnings of potential bankruptcy. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. The hedge fund of the latter has a very bullish stance on Musk and Tesla, Inc. (NASDAQ:TSLA). An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). Through a vast network of 245 locations, NOWs 300,000 SKU product offering addresses all segments of the energy value chain, from upstream E&Ps to midstream infrastructure to downstream refining, in addition to industrial end markets including chemicals, mining, utilities, and manufacturing. The popular investment manager has been vocal on social media telling investors to sell their stocks and take a defensive position. Michael Burry did not buy any new stocks in the current portfolio. Warren Buffett has been investing and compounding for at least 65 years. 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. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. He launched his hedge fund in 1956 with $105,100 in seed capital. is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. Ken Griffins Citadel Investment Group held the largest position in the company, consisting of 1.5 million shares worth $13.8 million. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. , is behind the latter. On November 4, BofA analyst Jason Haas downgraded Qurate Retail, Inc. (NASDAQ:QRTEA) to Underperform from Neutral with a price target of $1.20, down from $4, after the company reported below-consensus Q3 revenue and OIBDA. SkyWest, Inc. (NASDAQ:SKYW) was incorporated in 1972 and is headquartered in St. George, Utah. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. Out of these private investment funds, investors may be individuals with high net worth, a fund of hedge funds, and organizations indulged in charity work. Indicates a company's profitability in relation to its total assets. Yet Burry tweeted an apparent warningthat the agreement could end badly. We initially share this idea in October 2018 and the stock already returned more than 150%. Is Alibaba Stock a Buy After Q4 Earnings? This years free cash flow guide is for $120 million (ex. Some of these brands are HSN, Garnet Hill, and Ballard Designs. Shares, change to shares, sold shares - split-adjusted. At the end of the third quarter of 2021, 51 hedge funds in the database of Insider Monkey held stakes worth $1.2 billion in Lockheed Martin Corporation (NYSE:LMT). 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. We see several investors trying to strike it rich in options market by risking their entire savings. So, what did Michael Burry invest in for Big Short? Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. Several elite hedge funds are bullish on the company as a new fiscal year begins. None. Percentage of Stake Sold in Q4 2022: 100%. Among the hedge funds being tracked by Insider Monkey, New York-based firm Millennium Management is a leading shareholder in Lockheed Martin Corporation (NYSE:LMT) with 561,512 shares worth more than $193 million. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. 14 min read. is a leading shareholder in Lockheed Martin Corporation (NYSE:LMT) with 561,512 shares worth more than $193 million. . The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. feet. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. The company has a sweeping influence on sellers of America, owning 49 shopping centers in the country in total, meaning that the land owned by RPT is approximately 11.9 million sq. Michael Burry has invested in some of the most spread-out and wealthiest companies in all the U.S. We initially share this idea in October 2018 and the stock already returned more than 150%. The Kraft Heinz Company (NASDAQ:KHC) is one of the worlds largest manufacturers and marketers of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. ", The Scion boss shot to fame after his billion-dollar wager against the mid-2000s housing bubble was immortalized in the book and movie "The Big Short.". As the Supreme Court considers President Joe Biden's student loan forgiveness plan, Burry wrote in a series . Through other media forums, such as apps and websites, QRTEA can reach even more people globally. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Out of the many insurance companies based in The States, one of them is Allstate Corporation which also happens to be one of the leading companies. The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm. Scion has sold off some of these stakes in the third quarter but they have been included in the list as they remained in the Scion portfolio for the first half of 2021. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. LUMN mainly flourishes in the information technology sector and industry. This investment adviser does not provide advice to individual investors. is what Weitz Partners Value Fund has to say about Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2022 investor letter: According to Insider Monkeys Q3 data, 17 hedge funds were long CoreCivic, Inc. (NYSE:CXW), with combined stakes worth $57.4 million. Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. Burry added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 million. Source: 13F filing, Author. Burry, whose bet against subprime mortgages . Easily embed the chart on your blog or website it will always update Performance. GuruFocus.com is not operated by a broker or a dealer. Meme-stock specialist and GameStop chairman Ryan Cohen built a nearly 10% stake in the first quarter of last year, fueling hopes he might engineer a comeback for the retailer. The success of Burry is an exception in the world of finance that. Scion Asset Management, according to its Q1 2022 portfolio, owned a $17.97 million stake in the company consisting of 75,000 shares, which represented 8.92% of its total holdings. 13F quarterly reports, 13D/G beneficial ownership reports and form 4 insider ownership change reports. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! Michael Burry made an estimated $300 million net worth by correctly predicting the housing market crash of 2008 Burry's current investments are gold, farmland, private prisons, tech stocks, and cash Farmland has historically outpaced traditional investments and has a negative correlation to stocks So, how did Warren Buffett manage to generate high returns and beat the market? Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. It is a real estate investment trust that functions and trades on a public level. Most recent portfolio value is calculated to be $ 46,536,925 USD. It contributes 5.49% of his stocks, and therefore, it has a value of $7,679,000. Big Short investor Michael Burry of Scion Asset Management, along with hedge fund managers Farallon Capital Management and Coatue Management, made significant investments in Chinese companies prior to the reopening of China's borders in January. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio 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." He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. Both Alibaba and JD.com shares were hit hard last year by growing threats of government regulation, plus a wider exodus from risky technology stocks in the face of rising interest rates and a potential recession. Burry's Scion Asset Management also purchased 100,000 shares of MGM, a position worth $3.4 million at last quarter's close. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. Deutsche Bank analyst Carlo Santarelli on February 9 raised the firm's price target on MGM Resorts International (NYSE:MGM) to $53 from $49 and kept a Buy rating on the shares. Sorry, no results has been found matching your query. The tweets of the investor have since been deleted, but remain a part of public record through the news outlets that covered them when they were made. However, he sold up in August, bagging an estimated $68 million profit. The analyst noted that a focus on higher margin manufacturers and end markets was driving this improvement for NOW Inc. (NYSE:DNOW) that looked set to continue in 2022. 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 recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. On its balance sheet, Berkshire carries the Kraft Heinz holding at a GAAP figure of $13.3 billion, an amount that represents Berkshires share of the audited net worth of Kraft Heinz on December 31, 2020. To add to its success story, it is one of the 10 best e-commerce companies in America. Today, Burry still regularly invests through his fund Scion Asset Management, although he's pretty choosy. Among the hedge funds being tracked by Insider Monkey, New York-based firm. As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. 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%). In the fourth quarter of 2022, Burry sold the entirety of his stake in the company. 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. This decision was made following the impressive Q4 gaming and revenue per available room metrics for the Las Vegas strip, as well as positive reports from competitors in recent weeks. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). as well as other partner offers and accept our, Securities and Exchange Commission filing revealed. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Feb 9. Widely known to function as a telecommunications company, Lumen Technologies is a company based in America. From 2000-2008, Michael Burry found and ran his hedge fund company called Scion Capital. After that, he decided to make his personal investments a priority. 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. Yet it's still a fraction of its size at the end of March, when it contained 11 stocks worth a combined $165 million excluding bearish put options that Scion held against 206,000 Apple shares. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. It provides internet, video, mobile, and voice services through a subscription-based model, as well as a range of broadband connectivity services such as fixed internet, WiFi, and mobile, along with a security suite. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. 1-Year Performance. In this article, we discuss the 4 best stock picks and portfolio performance of Michael Burry. 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. In the fourth quarter of 2022, Michael Burry slashed his stake in Qurate Retail, Inc. (NASDAQ:QRTEA) by 70%, holding 1.50 million shares worth $2.4 million. highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. We remain attracted to WWWs strong collection of brands and its fragmented customer base.. The forward yield was 2.65%. We believe the financial strength of our holdings is far above the typical energy company. It is safe to say, it can also produce world-class SSDs thereby, having close competition with Micron Technology, as well as Seagate Technology. Based on the available facts and information regarding the operating results of Kraft Heinz, our ability and intent to hold the investment until recovery, the relative amount of the decline and the length of time that fair value was less than carrying value, we concluded that recognition of an impairment loss in earnings was not required. *Stock prices used were the afternoon prices of Feb. 14, 2023. It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. 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. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealed on Tuesday. Keith Meisters, Baron Funds made the following comment about MGM Resorts International (NYSE:MGM) in its Q3 2022 investor, According to Insider Monkeys Q3 data, 18 hedge funds were long Wolverine World Wide, Inc. (NYSE:WWW), compared to 13 funds in the earlier 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. as well as other partner offers and accept our, Securities and Exchange Commission filing. Click to continue reading and see Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. However, the ratio is difficult to compare between industries where common amounts of debt vary. Michael Burry is widely known for predicting the 2008 Financial Crisis & Housing bubble, popularised in the Oscar Winning Movie "The Big Short" (2015). Several other hedge funds also hold bullish positions in the company. On January 27, Charter Communications, Inc. (NASDAQ:CHTR) reported a Q4 GAAP EPS of $7.69 and a revenue of $13.67 billion, missing Wall Street estimates by $1.08 and $60 million, respectively. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. Most of these channels are sold to media industries worldwide and are not only restricted to the televisions of Americans. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . Israel Englanders, 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. These returns have duly contributed to the exceptional Michael Burry portfolio. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Ken Griffins, 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. Please visit the "Stock Picks" tab to see the latest guru trades and stock picks for Michael Burry, which include data from If you want to see more stocks in this selection, check out 5 Stocks Big . The Motley Fool has a disclosure policy. Please visit the "Summary" page to see the top 10 holdings, recent stock picks, performance, sector / industry breakdown details, as well as past holding history summary for Michael Burry. According to Insider Monkeys third quarter database, SkyWest, Inc. (NASDAQ:SKYW) was part of 21 hedge fund portfolios, compared to 17 in the prior quarter. In the following year 2019 rankings in America that were calculated based on total revenue by Forbes 500, Allstate Corp. held the 79th position. Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. Michael Burry is an American investor, and hedge fund manager. 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. Here you can find the latest trades based on Burry's 13F filings and insider trades. DISCA contributes largely to his investments, having a numeral share of 5.38% and a value of $7,523,000. Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock portfolio. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. Access your favorite topics in a personalized feed while you're on the go. Indicates the relationship between the price performance of a share and the market. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. In the broad electronics industry that the world has with the prevailing level of technology, WDC has been a contributor to it for a very long time. Burry sold all but one of his holdings in the second quarter of this year, after sounding the alarm on the "greatest speculative bubble of all time in all things" last summer, and warning owners of meme stocks and cryptocurrencies they were careening toward the "mother of all crashes. valuations for each stock, which positions are undervalued, have low PE Ratios, are considered high quality and recently traded at