michael burry portfolio performance

Burry's Scion Asset Management also purchased 100,000 shares of MGM, a position worth $3.4 million at last quarter's close. 10 Best Bank and Finance Stocks to Buy According to Mario Gabelli10 Best Diversified Stocks to Invest In10 Best SPACs to Invest In According to RedditDaily NewsletterHeadlineLockheed Martin Corporation (NYSE:LMT)Meta Platforms Inc. (NASDAQ:FB)Michael Burry Stock Portfolio Performance in 2021: 8 Best PicksNASDAQ:FBNASDAQ:KHCNow Inc. (NYSE:DNOW)NYSE:DNOWNYSE:LMTThe Kraft Heinz Company (NASDAQ:KHC)Yahoo FinanceShow moreShow less, Despite Joe Bidens age, raging inflation, and his dismal 45% approval level. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. It has its workload revolving around acquisition and construction. Today, Burry still regularly invests through his fund Scion Asset Management, although he's pretty choosy. Western Digital Corporation is a company based in The United States of America that specializes in computer memory. 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. Now Inc. is a company that has a significant role in the energy sector that supplies oil and gas globally to several markets. Warren Buffett has been investing and compounding for at least 65 years. Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. Steel City Capital made the following comment about Liberty Latin America Ltd. (NASDAQ:LILA) in its Q3 2022 investor letter: Liberty Latin America Ltd. (NASDAQ:LILA) has been a dog this year, declining nearly 45% through the end of the third quarter. Michael Burry did not buy any new stocks in the current portfolio. 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. On February 2, SkyWest, Inc. (NASDAQ:SKYW) reported its fourth quarter results, falling short of Wall Street consensus. The next. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. The companies that featured in the Scion Asset Management portfolio in filings for the first, second, and third quarter of 2021 were selected and sorted based on the gains in share price in 2021. Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. 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. It has been a favorite hedge fund stock for years. According to Insider Monkeys Q3 data, 17 hedge funds were long CoreCivic, Inc. (NYSE:CXW), with combined stakes worth $57.4 million. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Michael Burry added SkyWest, Inc. (NASDAQ:SKYW) to his Q4 portfolio by acquiring 125,000 shares worth $2.06 million. Michael Burry, the hedge fund . The holdings of Michael Burry Big Short are in the worlds leading companies and corporations, and that has led him to an elevated status in the business world. 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. 338.80% 5-Year Performance. 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. 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. Yet Burry tweeted an apparent warningthat the agreement could end badly. It contributes 5.49% of his stocks, and therefore, it has a value of $7,679,000. Scion exited the wager during the next quarter, only to reinvest a few months later, filings show. The investor of "The Big Short" fame bought 50,000 . Price to Book Ratio is the Market cap divided by the Book value of the company. Burry opened a new position in Meta Platforms, Inc. (NASDAQ:FB) in the first quarter of 2021 after selling off the previous stake in late 2020. 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. 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. Please visit the "Current Portfolio" tab to see the current and past 13F holdings for Michael Burry, as well as holding map, Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. The company has been thriving since 1993 and is venturing into Canada too. Berkshire and its subsidiaries hold investments in certain businesses that are accounted for pursuant to the equity method. When our award-winning analyst team has a . In this regard, the Geo group has raised its value up to $7,488,000. Replying to . In 2002, Scion was up 16%, while the S&P 500 fell 22.1%. He offered a one-word piece of advice in late January: "Sell." Burry swapped out all but two of the holdings in his US stock 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. Gurus may be added or dropped from the GuruFocus site at any time. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. 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. However, despite many misconceptions he is currently not a Billionaire officially yet. 10 stocks we like better than Alibaba Group. Among the hedge funds being tracked by Insider Monkey, New York-based firm. Alibaba and JD.com are both Chinese e-commerce businesses. According to Insider Monkeys third quarter database, 26 hedge funds were bullish on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), with combined stakes worth $704.2 million. The company operates a regional airline in the United States and also leases regional jet aircraft and spare engines to third parties. 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. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm. 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. To add to its success story, it is one of the 10 best e-commerce companies in America. MGM Resorts International (NYSE:MGM) was incorporated in 1986 and is based in Las Vegas, Nevada. 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. You can enter your email below to get our FREE report. The Motley Fool has a disclosure policy. Burry, a value investor who specializes in sniffing out bargains, may have determined the two companies' shares were oversold and likely to stage a comeback. Burry sold his position in the company during Q4 2022. The company announced a Q4 non-GAAP loss per share of $0.93 and a revenue of $681.25 million, missing market estimates by $1.03 and $72.71 million, respectively. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits. On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. He was born in San Jose, California on June 19, 1971. Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. As the Supreme Court considers President Joe Biden's student loan forgiveness plan, Burry wrote in a series . Indicates a company's profitability in relation to its total assets. 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%). 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 The Big Short had a very eventful 2021. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. 13 Stocks Big Short Michael Burry Is Buying and Selling is originally published on Insider Monkey. 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. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. Fundamental company data provided by Morningstar, updated daily. 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's time memesters look up what a death spiral convertible is," he said. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. 1-Year Performance. 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. My Top Michael Burry Stock to Buy Now in March | Super Investors. GuruFocus.com is not operated by a broker or a dealer. 214.91% 10-Year Performance . I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. 5 Stocks to Buy Based on Michael Pausic's Foxhaven Asset Management Portfolio 5 Stocks to Buy According to David Fear's Thunderbird Partners, Retirement Stock Portfolio: 5 Safe Tech Stocks To Consider, 5 Best Stocks to Buy Today According to Value Investor David Abrams, Senator John Hickenlooper Latest Portfolio: 3 Stocks to Watch, 5 Best Stocks To Buy According To Terry Smith's Fundsmith LLP. 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. 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. Shares, change to shares, sold shares - split-adjusted. . Michael Burry is a legendary investor & hedge fund manager. 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. In this article, we discuss 13 stocks that Michael Burry is buying and selling. Despite the bets on a select few companies, Burry has issued several dire warnings to investors this year, likely in response to the stock market's breathless rally in recent weeks. Burry then added to that stake in the first and second quarter of 2021, increasing it by 99% and 21% respectively. 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. In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:FB) was one of them. Burry recently shared 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. In this article, we discuss 13 stocks that Michael Burry is buying and selling. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealed on Tuesday. However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! *Stock prices used were the afternoon prices of Feb. 14, 2023. The carrying value of our investment was approximately $13.3 billion at December 31, 2020 and $13.8 billion at December 31, 2019. William Crowley, William Harker, and Stephen Blass Ashe Capital held the leading position in the company. 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. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks is originally published on Insider Monkey. 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. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. The answer is water. Michael Burry said there will be "terrible consequences" if student debt is cancelled. The company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. At the end of 2022, Scion only held nine stocks, and 56% of his portfolio was invested in . Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. 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. He's also compared the stock market's rally this year to the dot-com bubble, and cautioned meme-stock buyers. We still like this investment. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He cashed out all of his BBBY shares by mid-August, making roughly $110 million. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. So, what did Michael Burry invest in for Big Short? Nevertheless, in 2013, Dr. Michael Burry founded another firm called Scion Asset Management, which has now become a vital portion of the portfolio of Michael Burry. Wolverine World Wide, Inc. (NYSE:WWW) is a Michigan-based company that manufactures, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Sweaty Betty, Wolverine, and Stride Rite brands. 9 min read. 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 forward yield was 2.65%. Burry recently. Its distributions are conferred to many international countries, including Canada. Burry's total holdings now total $41,298,000 in value and has six total positions after adding five new positions in the three months after the second quarter filing. 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. The Motley Fool recommends Coherent. At the time, the legendary investor bought 1.5 million shares of NOW Inc. (NYSE:DNOW) at an average price of $5.63 per share. These returns have duly contributed to the exceptional Michael Burry portfolio. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. 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 Easily embed the chart on your blog or website it will always update Furthermore, Qurate Retail Group can reach 218 homes across the globe, just by using the television. Click to continue reading and see 5 Stocks Big Short Michael Burry Is Buying and Selling. Below is the Michael Burry portfolio today based on the 3rd quarter 13f filing as of 9/30/22 with the SEC. Burry, whose bet against subprime mortgages . Never miss a trade The stock is currently selling for 66% of tangible book value. , an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. We see several investors trying to strike it rich in options market by risking their entire savings. 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. He has even said that he even owns some coins. 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. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. These were called "NINJA loans": "No Income No Job". 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. On another occasion in 2018, by total assets, Wells Fargo became the fourth largest bank in the United States of America. *Average returns of all recommendations since inception. to generate high returns in the 20% to 30% range. 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. William Crowley, William Harker, and Stephen Blass, Steel City Capital made the following comment about Liberty Latin America Ltd. (NASDAQ:LILA) in its Q3 2022 investor, 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 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%). Israel Englanders Millennium Management is the leading stakeholder of the company, with 1.19 million shares worth $19.5 million. The fund's top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are. 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! It indicates the company's profitability. 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. 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. The Scion Asset Management chief warned of a dramatic decline in stocks, and forecasted. Read more:We put 7 burning questions to top economist David Rosenberg. In November, he once again warned of market speculation and this time compared the situation to the crisis just before the onset of the Great Recession in 1920. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . So, how did Warren Buffett manage to generate high returns and beat the market? Berkshire currently owns 325,442,152 shares of Kraft Heinz common stock representing 26.6% of the outstanding shares. 52-week lows, etc. Feb 9. Since 2015, Michael Burrys 13f filing has been coming out to educate the world on investing. The hedge fund of the latter has a very bullish stance on Musk and Tesla, Inc. (NASDAQ:TSLA). 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. 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. It owned 1 million BBBY shares worth almost $11 million on June 30, 2020. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. as well as other partner offers and accept our, Securities and Exchange Commission filing. He has also cautioned that the Fed may hesitate to intervene in order to support asset prices, as it could intensify inflation. It is an integrated circuit maker, along with flash memory devices. CoreCivic, Inc. (NYSE:CXW) is a Tennessee-based company that owns and manages partnership correctional, detention, and residential reentry facilities in the United States. 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%). 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. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. Net income divided by revenue of the last 4 quarters. 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.