michael burry portfolio performancemichael burry portfolio performance

Performance. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. Stock quotes provided by InterActive Data. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 52-week lows, etc. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. If you want to see more stocks in this selection, check out 5 Stocks Big Short Michael Burry Is Buying and Selling. Wood took Burry head-on when his bearish bets against ARK Innovation ETF (NYSE:ARKK) were made public, going on Twitter to say that Burry did not understand the fundamentals creating explosive growth and opportunities in the innovation space. Burry's Scion Asset Management also purchased 100,000 shares of MGM, a position worth $3.4 million at last quarter's close. Please visit the "Current Portfolio" tab to see the current and past 13F holdings for Michael Burry, as well as holding map, We remain attracted to WWWs strong collection of brands and its fragmented customer base.. 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. The business is highly predictable so there havent been any surprises on the operational front, and virtually all of its floating-rate debt has been swapped, thereby protecting it from this years rapid rise in interest rates. A month later, Burry once again made an appearance on social media to compare the hype around growth stocks and Bitcoin to the housing bubble of 2007 and the dotcom bubble at the turn of the millennium. Past performance is a poor indicator of future performance. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. Burry manages Scion Asset Management with a portfolio value of . Some of these brands are HSN, Garnet Hill, and Ballard Designs. Reported in March of 2022 UNIT held more than 125,000 fiber route miles. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. Michael Burry is capturing headlines recently for predicting another stock market crash. He cashed out all of his BBBY shares by mid-August, making roughly $110 million. Michael Burry is widely known for predicting the 2008 Financial Crisis & Housing bubble, popularised in the Oscar Winning Movie "The Big Short" (2015). In 2018, it gained an enormous revenue of $39.8 billion. Because of its high-end worth. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. 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. The company has been thriving since 1993 and is venturing into Canada too. Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. 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 . Israel Englanders Millennium Management is the leading stakeholder of the company, with 1.19 million shares worth $19.5 million. Burry had accurately predicted the collapse of both these bubbles. Here is what the fund said: Despite better-than-expected third quarter results, LMT shares were weak for the quarter as defense spending is expected to be flat for the coming year. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. Burry's purchases suggest he remained bullish last quarter. 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. . On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. Ratio between share price and earnings per share. Actually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as fees. So, how did Warren Buffett manage to generate high returns and beat the market? Replying to . He maintained a Hold rating on the shares. The total net worth of Michael Burry comes out to be $300 million. 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. 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. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. Berkshire currently owns 325,442,152 shares of Kraft Heinz common stock representing 26.6% of the outstanding shares. At least in BBBY's case, he was right on the money. In this article, we discuss 13 stocks that Michael Burry is buying and selling. WDCs headquarters are situated in California, USA, regulating the manufacturing of hard disk drives. It indicates the company's profitability. valuations for each stock, which positions are undervalued, have low PE Ratios, are considered high quality and recently traded at In light of this fact, we evaluated our investment in Kraft Heinz for impairment. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. 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. The video was published on Feb. 16, 2023. 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. 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. 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. 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. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. These are known to operate beyond the U.S. borders. We believe the financial strength of our holdings is far above the typical energy company. Portfolio value: $46M+ Period: 2022 Q4 Number of stock: 9 Update: 14 Feb 2023 Important 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). Considering revenue, WFC has been awarded the 30th position in the list of the worlds largest corporations, as reported by Fortune 500 in 2020. 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. Defensive positioning is the current theme of his portfolio . All Rights Reserved. So, what did Michael Burry invest in for Big Short? 15 Dividend Growth Stocks with Highest Rates, 10 Most Promising EV Battery Stocks to Buy. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. Through other media forums, such as apps and websites, QRTEA can reach even more people globally. We selected the 13 stocks from Michael Burrys Q4 2022 portfolio which he either sold off entirely, trimmed his position in, or added to his holdings during the quarter. Read the original article on Business Insider. Fourth quarter adjusted EBITDA of $5.5 billion grew by 1.9% year-over-year. 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. In the fourth quarter of 2022, Michael Burry purchased 356,101 shares of Wolverine World Wide, Inc. (NYSE:WWW) worth $3.8 million, representing 8.36% of the total 13F holdings. This reopening followed nearly three years of restrictions on travel and commerce. 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 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%). By clicking Sign up, you agree to receive marketing emails from Insider Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. If you want to see more stocks in this selection, check out 5 Stocks Big . Get our editors daily picks straight in your inbox! The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. Today, Burry still regularly invests through his fund Scion Asset Management, although he's pretty choosy. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealedon Tuesday. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. The contribution of RPT Realty in his stock portfolio is 6.18% and has a substantial value of $8,650,000. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. This investment adviser does not provide advice to individual investors. Diamond Hill Capital made the following comment about Wolverine World Wide, Inc. (NYSE:WWW) in its Q4 2022 investor letter: Footwear and apparel company Wolverine World Wide, Inc. (NYSE:WWW) underperformed as softer demand and elevated inventory levels have necessitated higher-than-expected promotional activity, weighing on near-term profitability. ADS and ADR are traded on US stock exchanges but represent ownership of foreign-listed companies. 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. Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. 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 active rig count in the U.S. is at all-time lows. 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. These were called "NINJA loans": "No Income No Job". The top 5 stocks still make up about 76% of the total . In Q3 2022, Michael Burry purchased 132,561 shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) worth $5.30 million. 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. My Top Michael Burry Stock to Buy Now in March, 1 Thing Everyone Missed About Alibaba's Quarter. Williams Trading analyst Sam Poser on January 16 upgraded Wolverine World Wide, Inc. (NYSE:WWW) to Buy from Hold with a price target of $18, up from $13. 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? Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. It was recorded between 2015 and 2016, that fundholding maximized to $100 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 added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 million. The analyst highlighted the Future Vertical Lift program as a big opportunity for Lockheed Martin Corporation (NYSE:LMT). Our largest energy holding is Helmerich & Payne, the nations largest drilling contractor. SBC) and theres a line-of-sight to $300+ million (ex. These returns have duly contributed to the exceptional Michael Burry portfolio. In the third quarter of 2022, Michael Burry acquired 155,761 shares of Liberty Latin America Ltd. (NASDAQ:LILA) worth $958,000. On another occasion in 2018, by total assets, Wells Fargo became the fourth largest bank in the United States of America. Other types of investors are foundations and trusts, businesses, and family offices. 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. Sorry, no results has been found matching your query. 9 min read. Shares, change to shares, sold shares - split-adjusted. 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. JPMorgan analyst . 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. The market value of the company. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits. 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 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%). 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. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. MGM Resorts International (NYSE:MGM) was incorporated in 1986 and is based in Las Vegas, Nevada. Disclosure. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. feet. Similarly, a college student named Jake Freeman revealed a 6.2% stake in late July. Portfolio 9 Options 0 Performance. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. Cost basis and return based on previous market day close. He was only holding Geo group Inc. stock in the second quarter of 2022. Is Alibaba Stock a Buy After Q4 Earnings? Lumen Technologies does not only deliver its services in The States; but, over the years, it has extended to Europe and the Middle East. A higher ratio indicates a higher risk. It has shown grand returns - as latest as reported in 2022, Dr. Michael Burry's holdings and portfolio are as large as approximately $104 million in AMU. RPT Realty is the operator behind most shopping centers that are providing its services in open-air. It is one of the most popular stocks among hedge funds. Registration on or use of this site constitutes acceptance of our. Burry first bought a stake in NOW Inc. (NYSE:DNOW) in the fourth quarter of 2020. During 2000-2008, he logged returns, calculating up to 489.34%. 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. My Top Michael Burry Stock to Buy Now in March | Super Investors. 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. Registration on or use of this site constitutes acceptance of our. In the fourth quarter of 2022, Michael Burry slashed his stake in Qurate Retail, Inc. (NASDAQ:QRTEA) by 70%, holding 1.50 million shares worth $2.4 million. 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). Most recent portfolio value is calculated to be $ 46,536,925 USD. 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. Michael Burry, the hedge fund . Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June . to generate high returns in the 20% to 30% range. However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! The company operates through three segments Las Vegas Strip Resorts, Regional Operations, and MGM China. The services provided by Lumen Technologies encompass communications, cloud, and network services. Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. The Asia Pacific and Africa are also other countries where LUMN operates. Yearly payout to shareholders per share. Feb 9. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. Gurus may be added or dropped from the GuruFocus site at any time. The locations of these centers are Florida, Chicago, Minnesota, and Ohio. Among the hedge funds being tracked by Insider Monkey, New York-based firm. The Geo Group is best known to own the immigrant detention centers in The United States. Here is what the fund said: NOW is a 2014 spinoff from National Oilwell Varco and has a 150-year legacy as a distributor to the oil and gas and industrial markets. He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. Congrats to all those Autopilot'ing the Burry Portfolio, you should be up on this position too . 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. 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. Read more:We put 7 burning questions to top economist David Rosenberg. 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. Source: 13F filing, Author. 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. The company is a new holding in the portfolio of Scion Asset Management. The answer is water. It is reported that in GameStop, he reported 1.7 million shares, and his returns peaked at a value of $271 million. According to Insider Monkey's data, 25 hedge funds were bullish on Qurate Retail, Inc. (NASDAQ:QRTEA) as of the end of September 2022, compared to 24 funds in the earlier quarter. Scion Asset Management's public equity portfolio is heavily concentrated. 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. 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. 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. 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. Several elite hedge funds are bullish on the company as a new fiscal year begins. Its selling for half of book value. Therefore, it would not be shocking to see Michael Burrys returns rocketing up by large numbers. Earlier in August, Burry had also sparred with Wood. The company has a sweeping influence on sellers of America, owning 49 shopping centers in the country in total, meaning that the land owned by RPT is approximately 11.9 million sq. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. automatically! is originally published on Insider Monkey. The Qurate group is not a traditional e-commerce platform, neither does it provide traditional stores in the marketplace and malls. , is behind the latter. Out of the many insurance companies based in The States, one of them is Allstate Corporation which also happens to be one of the leading companies. Mortgage Backed Securities (MBS) are a collection of Home loan mortgages compiled together to create an investment security. Therefore, it is safe to say that Michael Burrys wealth has accumulated through investment stocks. Meta Platforms, Inc. (NASDAQ:FB) develops and markets products that enable people to connect. 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 rate at which the company's net income has increased to the same quarter one year ago. 2004-2023 GuruFocus.com, LLC. Learn More. 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. The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks. "It's time memesters look up what a death spiral convertible is," he said. 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. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. 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. 14 min read. In Q4 2022, Michael Burry sold off his entire stake in Charter Communications, Inc. (NASDAQ:CHTR), worth $3 million. Here you can find the latest trades based on Burry's 13F filings and insider trades. Having its headquarters located in California, it functions with only six clients in total. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. Burry is most famous for his billion-dollar bet against the mid-2000s housing bubble, which was chronicled in the book and movie "The Big Short." Scion Asset Managements Stake Value: $2,445,000 (After a 70% Decline in Stake in Q4). The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. 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. SBC) by 2024, meaning shares have been trading in a range of 4-6x price to free cash flow. The products that Burrys company provides to its customers include a wide range of Institutional Advisory Services and Investment Products. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. *Average returns of all recommendations since inception. On February 8, CoreCivic, Inc. (NYSE:CXW) reported a Q4 FFO of $0.42 and a revenue of $471.43 million, outperforming Wall Street consensus by $0.09 and $2.38 million, respectively. Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. You can get rich by returning 20% per year and compounding that for several years.

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