Michael Burry is capturing headlines recently for predicting another stock market crash. It is a real estate investment trust that functions and trades on a public level. It is reported that in GameStop, he reported 1.7 million shares, and his returns peaked at a value of $271 million. 'Big Short' Investor Michael Burry Says Expect 'Tuition Hikes' If We The company operates through three segments Las Vegas Strip Resorts, Regional Operations, and MGM China. When considering our timing, we concluded, if not now, when? 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. Burry's Scion firm held a $8 million stake in September 2019, and a $10 million stake in June 2020. Never miss a trade Even so, we have kept our exposure to the energy sector in check given our concerns about the overall economy.. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. 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. Scion Asset Managements Stake Value: $3,353,000. Time will tell, but to paraphrase country music artist Merle Haggard, we do not yet think cables good times are really over for good.. Burry added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 million. It operates in two segments, Aerospace and Defense, and Real Estate. Read the original article on Business Insider. 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. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Michael Burry, the California-born hedge fund manager with a background in biology, is one of the names that fits this description. 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. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. 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. valuations for each stock, which positions are undervalued, have low PE Ratios, are considered high quality and recently traded at Michael Burry. The percentage indicates the payout in relation to the share price. Since 2013, Michael Burry's earnings have come from his second founded firm, Scion Asset Management. The popular investment manager has been vocal on social media telling investors to sell their stocks and take a defensive position. is a leading shareholder in Lockheed Martin Corporation (NYSE:LMT) with 561,512 shares worth more than $193 million. Follow the Stock Picks of Top Hedge Fund Manager Michael Burry Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. The investor of "The Big Short" fame bought 50,000 . On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. 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. Baron Funds made the following comment about MGM Resorts International (NYSE:MGM) in its Q3 2022 investor letter: MGM Resorts International (NYSE:MGM) is a leading global casino and entertainment company with 29 unique hotels and casinos including some of the most recognizable resort brands such as Bellagio, MGM Grand, ARIA, and Park MGM. 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. 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. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks is originally published on Insider Monkey. It is involved in choosing the best buyers across the world, selling products that depict a hidden story or have a deep meaning behind it. In this article, we examined Big Short's Michael Burry bets on 11 stocks amid his warning over the stock market collapse ahead. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. At the end of 2022, Scion only held nine stocks, and 56% of his portfolio was invested in . Today, Burry still regularly invests through his fund Scion Asset Management, although he's pretty choosy. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. 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. 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. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. 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. 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). Keith Meisters Corvex Capital is the largest stakeholder of the company, with 6.67 million shares worth $198.3 million. 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. The value of Burry's portfolio jumped from about $3 million to over $41 million. So, how did Warren Buffett manage to generate high returns and beat the market? These methods of labor are deployed to meet the needs of mission-critical communications infrastructure. A buying frenzy drove BBBY shares as high as $43 during that period; if Burry had kept his million shares, they would have briefly quadrupled in value to $43 million. On February 2, SkyWest, Inc. (NASDAQ:SKYW) reported its fourth quarter results, falling short of Wall Street consensus. 15 Dividend Growth Stocks with Highest Rates, 10 Most Promising EV Battery Stocks to Buy. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. Burry's Scion Asset Management also purchased 100,000 shares of MGM, a position worth $3.4 million at last quarter's close. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. We see several investors trying to strike it rich in options market by risking their entire savings. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. Michael Burry bolstered his US stock portfolio from one holding to six in the third quarter, a Securities and Exchange Commission filing revealed on Monday. The good news is, this powerful new force can help you make a lot of money even in a bear market. 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. Invest better with The Motley Fool. Burry has been warning about stocks for a while, and in January, he shared a similar chart that highlighted the S&P 500's rally between September 2001 and March 2002 before it bottomed out six months later. Between June and September, the portfolio value of Scion Asset Management decreased from $140 million to just $41 million. If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. You can enter your email below to get our FREE report. Michael Burry did not buy any new stocks in the current portfolio. 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 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. However, they were still rated AAA (Investment grade) by many credit Agencies! Unlike Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD), Michael Burry got rid of his position in Rocketdyne Holdings, Inc. (NYSE:AJRD) during the last quarter of 2022. is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. Apparently, in 2004, Michael Burry had to stop taking on new work because he was already trying to handle $600 million. Michael Burry is capturing headlines recently for predicting another stock market crash. 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 . 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. At least in BBBY's case, he was right on the money. Western Digital Corporation is a company based in The United States of America that specializes in computer memory. He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. Michael Burry Portfolio 2023 Scion Asset Management - DATAROMA Click to continue reading and see 5 Stocks Big Short Michael Burry Is Buying and Selling. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. 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. Fourth quarter adjusted EBITDA of $5.5 billion grew by 1.9% year-over-year. Having its headquarters located in California, it functions with only six clients in total. 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. He's also known for betting againstElon Musk'sTeslaand Cathie Wood'sArk Innovation fund last year, and forinvestinginGameStop before it skyrocketed in January 2021 and kickstarted the meme-stock craze. Burry then added to that stake in the first and second quarter of 2021, increasing it by 99% and 21% respectively. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. 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). The current portfolio value is calculated to be $47.00 Mil. Access your favorite topics in a personalized feed while you're on the go. 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. 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. As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. We still like this investment. date of 2022-12-31. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! as well as other partner offers and accept our, Securities and Exchange Commission filing. The active rig count in the U.S. is at all-time lows. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. The Qurate group is not a traditional e-commerce platform, neither does it provide traditional stores in the marketplace and malls. Performance. My Top Michael Burry Stock to Buy Now in March | Super Investors. Michael Burry Performance Scion Asset Management, LLC Portfolio Never miss a trade. The forward yield was 2.65%. In Q3 2022, Michael Burry purchased 132,561 shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) worth $5.30 million. Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. The Motley Fool has a disclosure policy. This investment adviser does not provide advice to individual investors. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. As of June 30th, NOW had $269 million of cash and no debt ($497 million market cap), although if demand recovers as we expect, some cash will be reinvested in working capital. 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. 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. Source: 13F filing, Author. He's also known for investingin GameStop before it became a meme stock,betting against Elon Musk's Tesla and Cathie Wood's flagship Ark fund last year, and making grim predictions about market crashes and economic catastrophes. Yearly payout to shareholders per share. 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. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . All Rights Reserved. The 51-year-old Scion Asset Management founder Burry, immortalized in the 2015 movie "The Big Short," has become a trusted financial prognosticator ever since he boldly bet against the housing . Michael Burry - Wikipedia Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. Michael Burry, the investor of "The Big Short" fame, slashed his US stock portfolio to a single holding in the second quarter, a Securities and Exchange Commission filing showed on Monday.. 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. Michael Burry's Portfolio 2021 Analysis (November 2021) 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. Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. SBC) by 2024, meaning shares have been trading in a range of 4-6x price to free cash flow. 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. highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) is a California-based company that designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE: Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. Most recent portfolio value is calculated to be $ 46,536,925 USD. If you want to read our detailed analysis of these stocks, go directly to the Michael Burry Stock . In a free sample issue of our monthly newsletter we analyzed Warren Buffetts stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffetts portfolio. 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. 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. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. Michael Burry is an American investor, and hedge fund manager. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. However, he sold up in August, bagging an estimated $68 million profit. 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. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. 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. Defensive positioning is the current theme of his portfolio . to generate high returns in the 20% to 30% range. He has also cautioned that the Fed may hesitate to intervene in order to support asset prices, as it could intensify inflation. However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! Other products are safety supplies, drills, and paints. We believe the financial strength of our holdings is far above the typical energy company. Michael Burry is a legendary investor & hedge fund manager. Qurate Retail, Inc. (NASDAQ:QRTEA) is engaged in the video and online commerce industries in North America, Europe and Asia. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. Channels lying in the dominion of DISCA are Animal and Science Planet, Discovery Channel, and TLC. It indicates the company's profitability. In the third quarter of 2022, Michael Burry acquired 155,761 shares of Liberty Latin America Ltd. (NASDAQ:LILA) worth $958,000. Burry recently. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Click to continue reading and see Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. Easily embed the chart on your blog or website it will always update Michael Burry Stock Portfolio: 10 Stocks He Sold Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. Burry isn't the only notable investor to show interest in BBBY. The company operates a regional airline in the United States and also leases regional jet aircraft and spare engines to third parties. ", 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.". He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel Net income divided by revenue of the last 4 quarters. As early as February 2021, when the post-pandemic economic recovery had yet to fully take-off, Burry took to Twitter to sound the alarm bells over a historic crash, noting that the markets were dancing on a knifes edge as valuations soared and debt margins increased.