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Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. 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.. He likely had no inkling that retail investors, eager to make some fast money and punish hedge funds, would pile into the stock and send it skyward. We initially share this idea in October 2018 and the stock already returned more than 150%. 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. On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. Burry added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 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%). However, he sold up in August, bagging an estimated $68 million profit. The analyst highlighted the Future Vertical Lift program as a big opportunity for Lockheed Martin Corporation (NYSE:LMT). Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. ", 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.". "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. 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. Burry's Scion Asset Management purchased 750,000 shares of the homewares retailer in the third quarter of 2019, securing a stake worth $8 million on September 30 that year. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. 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. Yet Burry tweeted an apparent warningthat the agreement could end badly. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. Burry first bought a stake in NOW Inc. (NYSE:DNOW) in the fourth quarter of 2020. *Average returns of all recommendations since inception. The investor of "The Big Short" fame quadrupled his stake in Geo Group, which invests in private prisons and mental-health facilities, to just over 2 million shares worth $15.5 million at the end of September. Now Inc an American company whose parent company is Distribution Now makes 7.7% of his portfolio. The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks. In this article, we discuss 13 stocks that Michael Burry is buying and selling. Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. It deals with providing the best investments to its clients to raise the status of their portfolios by giving them guidance on what products to choose. The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. Michael Burry invested in Bed Bath & Beyond at least twice before the meme stock's spectacular rise and epic fall, Securities and Exchange Commission filings show. 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). Apparently, in 2004, Michael Burry had to stop taking on new work because he was already trying to handle $600 million. In its Q3 2020 investor letter, Palm Valley Capital, an asset management firm, highlighted a few stocks and NOW Inc. (NYSE:DNOW) was one of them. Uniti Group Inc. is a real estate investment trust, headquartered in America. Even so, we have kept our exposure to the energy sector in check given our concerns about the overall economy.. Michael Burrys current investments also lie in Uniti Group Inc., which makes a contribution of 6.08% of Michael Burrys portfolio, valuing up to $8,504,000. 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. Liberty Latin America Ltd. (NASDAQ:LILA) provides fixed, mobile, and subsea telecommunications services. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). The market value of the company. Michael Burry's Scion Capital Management dumped his entire stock portfolio in the second quarter as the "Big Short" hedge fund legend stepped up his warnings about a looming stock market . The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. Refer a Friend and Earn One Month of Free Membership. to generate high returns in the 20% to 30% range. Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock portfolio. Read more:A Michael Burry expert breaks down what makes the 'Big Short' investor special. 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. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. Read more:We put 7 burning questions to top economist David Rosenberg. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. Easily embed the chart on your blog or website it will always update In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. It owns and manages casino, hotel, and entertainment resorts in the United States and Macau. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks is originally published on Insider Monkey. Defensive positioning is the current theme of his portfolio . If you want to skip our detailed analysis of these stocks, go directly to the Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. Invest better with The Motley Fool. The active rig count in the U.S. is at all-time lows. All Rights Reserved. Reported price - this doesn't represent the actual buy or sell price.It is the split-adjusted price of the security as of the last day of the reported period. It operates in two segments, Aerospace and Defense, and Real Estate. It is safe to say, it can also produce world-class SSDs thereby, having close competition with Micron Technology, as well as Seagate Technology. NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. He's also compared the stock market's rally this year to the dot-com bubble, and cautioned meme-stock buyers. 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. Access your favorite topics in a personalized feed while you're on the go. 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. The fund's top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. 9 min read. 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. , is behind the latter. Israel Englanders Millennium Management is the leading stakeholder of the company, with 1.19 million shares worth $19.5 million. 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. The value of Burry's portfolio jumped from about $3 million to over $41 million. Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. CoreCivic, Inc. (NYSE:CXW) is a Tennessee-based company that owns and manages partnership correctional, detention, and residential reentry facilities in the United States. Most recent portfolio value is calculated to be $ 46,536,925 USD. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. He's now 51 years old. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. The average profit margin of the companies in this portfolio is 9.11%. a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything. Because of its high-end worth. The total net worth of Michael Burry comes out to be $300 million. 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. It was recorded between 2015 and 2016, that fundholding maximized to $100 million. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June 2020. He then proceeded to reduce that position by almost half in the first quarter of 2021 and sold it off completely during the second quarter. Burry, whose bet against subprime mortgages . Net income divided by revenue of the last 4 quarters. Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. Among the hedge funds being tracked by Insider Monkey, New York-based firm. 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. Here you can find the latest trades based on Burry's 13F filings and insider trades. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. Michael Burry is a legendary investor & hedge fund manager. We received dividends from Kraft Heinz of $521 million in each of 2020 and 2019 and $814 million in 2018, which we recorded as reductions in our carrying value. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. A higher ratio indicates a higher risk. 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. Michael Burry did not buy any new stocks in the current portfolio. 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. 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. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. Overall, Scion grew its US stock portfolio from six positions to nine, and its total value swelled by 13% to about $47 million. is a leading shareholder in Lockheed Martin Corporation (NYSE:LMT) with 561,512 shares worth more than $193 million. In 2018, it gained an enormous revenue of $39.8 billion. . Among the hedge funds being tracked by Insider Monkey, New York-based investment firm. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. This reopening followed nearly three years of restrictions on travel and commerce. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Further, strategic acquisitions (LMT acquired AJRD for $4 billion in late December), debt pay down, a 3% dividend yield, and continued share buybacks from $6 billion per year of free cash flow should lead to even greater shareholder returns.. The Partnership has been a buyer at these levels., Scion Asset Managements Stake Value: $2,063,750. 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. It indicates the company's profitability. Scion Asset Management's public equity portfolio is heavily concentrated. All theaters are overcrowded and the only way anyone can get out is by trampling each other. However, despite many misconceptions he is currently not a Billionaire officially yet. Burry isn't the only notable investor to show interest in BBBY. In the following year 2019 rankings in America that were calculated based on total revenue by Forbes 500, Allstate Corp. held the 79th position. We utilize no bright-line tests in such evaluations. Warren Buffett has been investing and compounding for at least 65 years. At its recent price of only $30 per share, we believe MGMs valuation is compelling at only 6 times 2023 estimated cash flow., Scion Asset Managements Stake Value: $3,892,184. 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. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. 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. 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. I believe it will make millions of Americans vastly wealthier. Excluding options, the retailer was its number-two position after a nearly $12 million stake in GameStop, making BBBY a key piece of its $91 million portfolio. 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. It functions as a cable operator and broadband connectivity provider, catering to both residential and commercial clients in the United States. 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). For example S&P 500 Index returned 43.4% in 1958. Along with Tesla, Inc. (NASDAQ:TSLA), ARK Innovation ETF (NYSE:ARKK), Alphabet Inc. (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:FB), Discovery, Inc. (NASDAQ:DISCA), CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS), NOW Inc. (NYSE:DNOW) is one of the stocks that hedge funds are buying. In this article, we discuss 13 stocks that Michael Burry is buying and selling. The company is a new holding in the portfolio of Scion Asset Management. 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. These methods of labor are deployed to meet the needs of mission-critical communications infrastructure. The next. In the fourth quarter of 2022, Burry sold the entirety of his stake in the company. 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, it has streamlined its business since the last oil and gas downturn and expects reduced operating losses this round. The success of Burry is an exception in the world of finance that. 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). Burry swapped out all but two of the holdings in his US stock portfolio. We initially share this idea in October 2018 and the stock already returned more than 150%. In 2002, Scion was up 16%, while the S&P 500 fell 22.1%. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. Discovery Inc. is a massive multinational media chain originating from America. The carrying value of our investment was approximately $13.3 billion at December 31, 2020 and $13.8 billion at December 31, 2019. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. 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). Furthermore, Qurate Retail Group can reach 218 homes across the globe, just by using the television. Bury has a net worth of $300 million and his hedge fund has a ten-year return of 326%, one of the most successful on Wall Street. None. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. We see several investors trying to strike it rich in options market by risking their entire savings. 13 Stocks Big Short Michael Burry Is Buying and Selling is originally published on Insider Monkey. Michael Burry is an American investor, and hedge fund manager.