I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Never miss a trade His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. Some of these brands are HSN, Garnet Hill, and Ballard Designs. The active rig count in the U.S. is at all-time lows. Wells Fargo's Steven Cahall on January 30 increased Charter Communications, Inc. (NASDAQ:CHTR)s price target from $340 to $410 while maintaining an Equal Weight rating on the shares. 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). 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. A lower PEG could mean that a stock is undervalued. Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 Michael Burry is an American investor, and hedge fund manager. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Please visit the "Current Portfolio" tab to see the current and past 13F holdings for Michael Burry, as well as holding map, 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. Click to continue reading and see Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. 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. 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). 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. 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. 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. It operates through three segments CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. Through other media forums, such as apps and websites, QRTEA can reach even more people globally. Yearly payout to shareholders per share. QRTEA consists of seven brands that are always ahead of its competing forces. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. Widely known to function as a telecommunications company, Lumen Technologies is a company based in America. 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. Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. 2004-2023 GuruFocus.com, LLC. Since 2013, Michael Burry's earnings have come from his second founded firm, Scion Asset Management. The top 5 stocks still make up about 76% of the total . Gurus may be added or dropped from the GuruFocus site at any time. 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. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. 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%). Bank of America Global Research data. We remain attracted to WWWs strong collection of brands and its fragmented customer base.. The investor of "The Big Short" fame bought 50,000 . Other types of investors are foundations and trusts, businesses, and family offices. Most of these channels are sold to media industries worldwide and are not only restricted to the televisions of Americans. Between June and September, the portfolio value of Scion Asset Management decreased from $140 million to just $41 million. In this article, we discuss 13 stocks that Michael Burry is buying and selling. 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. Please visit the "Stock Picks" tab to see the latest guru trades and stock picks for Michael Burry, which include data from In this article, we discuss the 10 stocks to sell according to Michael Burry. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter. 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.. 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. Burry's purchases suggest he remained bullish last quarter. 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. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. He cashed out all of his BBBY shares by mid-August, making roughly $110 million. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. And it means its going to be harder than ever to hold onto any money you make. Copyrights 2021-2023 Valuesider All rights reserved. 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. 15 Dividend Growth Stocks with Highest Rates, 10 Most Promising EV Battery Stocks to Buy. 13F quarterly reports, 13D/G beneficial ownership reports and form 4 insider ownership change reports. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealedon Tuesday. It also provides mental health and rehabilitation facilities. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. When considering our timing, we concluded, if not now, when? Qurate Retail, Inc. (NASDAQ:QRTEA) is engaged in the video and online commerce industries in North America, Europe and Asia. According to Insider Monkeys Q3 data, 17 hedge funds were long CoreCivic, Inc. (NYSE:CXW), with combined stakes worth $57.4 million. as well as other partner offers and accept our, Securities and Exchange Commission filing revealed. On February 2, SkyWest, Inc. (NASDAQ:SKYW) reported its fourth quarter results, falling short of Wall Street consensus. 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. RPT Realty is a company based in New York, in The United States of America. 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). Berkshire and its subsidiaries hold investments in certain businesses that are accounted for pursuant to the equity method. The video was published on Feb. 16, 2023. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. Mortgage Backed Securities (MBS) are a collection of Home loan mortgages compiled together to create an investment security. MGM Resorts International (NYSE:MGM) was incorporated in 1986 and is based in Las Vegas, Nevada. 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%). 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. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! 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. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. The stock is currently selling for 66% of tangible book value. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. All Rights Reserved. With a record $150 billion backlog and almost 30% of its revenue coming from building F-35 aircraft with deliveries forecast to reach 180 per year in 4-5 years (3Qs revenue upside was from the F-35), we believe LMT should grow at a higher rate than overall defense budget growth and Street expectations over the next several years. 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 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). 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. The rate at which the company's net income has increased to the same quarter one year ago. 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. Read more:We put 7 burning questions to top economist David Rosenberg. 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. Burry recently. It occupies a good share of 5.94% in his investments, totaling a value of $8,309,000. Apparently, in 2004, Michael Burry had to stop taking on new work because he was already trying to handle $600 million. When energy companies reduce activity, NOW suffers. It is an integrated circuit maker, along with flash memory devices. Berkshire currently owns 325,442,152 shares of Kraft Heinz common stock representing 26.6% of the outstanding shares. Sorry, no results has been found matching your query. valuations for each stock, which positions are undervalued, have low PE Ratios, are considered high quality and recently traded at Fourth quarter adjusted EBITDA of $5.5 billion grew by 1.9% year-over-year. 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. The company operates a regional airline in the United States and also leases regional jet aircraft and spare engines to third parties. That would have been 9.35% in hedge fund fees. 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. The market value of the company. Shares, change to shares, sold shares - split-adjusted. 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. The popular investment manager has been vocal on social media telling investors to sell their stocks and take a defensive position. The company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. Once that happened, Burry warned buyers of meme stocks they were signing up for the "mother of all crashes." 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. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. Read the original article on Business Insider. Therefore, it would not be shocking to see Michael Burrys returns rocketing up by large numbers. 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. Hence, they collect and combine all these goods and portray their rich history through effectively utilizing media, providing an impactful shopping experience to its clients and customers. The fund's top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. And still the door is only so big.". At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. 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. Feb 9. 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. *Stock prices used were the afternoon prices of Feb. 14, 2023. Easily embed the chart on your blog or website it will always update Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks is originally published on Insider Monkey. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. These were called "NINJA loans": "No Income No Job". Lockheed Martin Corporation (NYSE:LMT) operates as an aerospace and defense firm. Scion Asset Management has disclosed a total of 9 security holdings in their (2022 Q4) SEC 13F filing(s) with portfolio value of $46,536,925. During 2000-2008, he logged returns, calculating up to 489.34%. This investment adviser does not provide advice to individual investors. It has been a favorite hedge fund stock for years. Burry also made famous multi-million dollar bearish bets against Tesla, Inc. (NASDAQ: ) and ARK Innovation ETF (NYSE:ARKK), famously sparring with Elon Musk, the owner of the former, and Cathie Wood, the investor whose hedge fund. Michael burry saw that ultimately fundamentals would bring the truth about the real value of these securities and many would plummet to zero! All theaters are overcrowded and the only way anyone can get out is by trampling each other. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. Scion Asset Management's public equity portfolio is heavily concentrated. The total net worth of Michael Burry comes out to be $300 million. However, despite many misconceptions he is currently not a Billionaire officially yet. We recorded equity method earnings from our investment in Kraft Heinz of $95 million in 2020, $493 million in 2019 and losses of approximately $2.7 billion in 2018. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. "The fall in wealth is unsurprising given the dramatic pivot in monetary policy that culminated in the worst performance for the traditional blended portfolio . At the end of the third quarter of 2021, 248 hedge funds in the database of Insider Monkey held stakes worth $38 billion in Meta Platforms, Inc. (NASDAQ:FB). In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. A higher ratio indicates a higher risk. This reopening followed nearly three years of restrictions on travel and commerce. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. Disclosure. It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. . , is behind the latter. 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. The Scion Asset Management chief warned of a dramatic decline in stocks, and forecasted. BBBY was its sixth-largest position out of eight total holdings, and made up 13% of its $60 million US stock portfolio at the time. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Burry isn't the only notable investor to show interest in BBBY. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. The carrying value of our investment was approximately $13.3 billion at December 31, 2020 and $13.8 billion at December 31, 2019. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Ken Griffins Citadel Investment Group held the largest position in the company, consisting of 1.5 million shares worth $13.8 million. Registration on or use of this site constitutes acceptance of our. These methods of labor are deployed to meet the needs of mission-critical communications infrastructure. The next. William Crowley, William Harker, and Stephen Blass Ashe Capital held the leading position in the company. 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. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. 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. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors. The good news is, this powerful new force can help you make a lot of money even in a bear market. 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. We have mentioned the stocks Burry sold first, and ranked the remaining list in ascending order of his stake value. @burrytracker. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. 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. , an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ: 10 Best Bank and Finance Stocks to Buy According to Mario Gabelli, 10 Best SPACs to Invest In According to Reddit. Alibaba Group (BABA) Q3 2023 Earnings Call Transcript, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? SkyWest, Inc. (NASDAQ:SKYW) was incorporated in 1972 and is headquartered in St. George, Utah. 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. Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. However, he sold up in August, bagging an estimated $68 million profit. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! Even today when considering total assets, WFC is the fourth largest bank in The States. He was only holding Geo group Inc. stock in the second quarter of 2022. Performance. Fundamental company data provided by Morningstar, updated daily. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. Scion exited the wager during the next quarter, only to reinvest a few months later, filings show. Learn More. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. 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. 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. You can get rich by returning 20% per year and compounding that for several years. 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. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm. He's now 51 years old. By clicking Sign up, you agree to receive marketing emails from Insider highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. 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. In this article, we discuss 13 stocks that Michael Burry is buying and selling. It is one of the most popular stocks among hedge funds. His opinions remain his own and are unaffected by The Motley Fool. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. 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. 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.