michael burry portfolio performance
His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. Fundamental company data provided by Morningstar, updated daily. Burry sold all but one of his holdings in the second quarter of this year, after sounding the alarm on the "greatest speculative bubble of all time in all things" last summer, and warning owners of meme stocks and cryptocurrencies they were careening toward the "mother of all crashes. The Asia Pacific and Africa are also other countries where LUMN operates. Ratio between share price and earnings per share. 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. Qurate Retail Group is an American company, immersed and actively engaged in media usage to run a business venture. 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. The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. 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. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. 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. Furthermore, Qurate Retail Group can reach 218 homes across the globe, just by using the television. 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. 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. In addition to that, it also owns 7 million fiber strand miles and many other components of the communication sector throughout The States. 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 buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. 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. Lockheed Martin Corporation (NYSE:LMT) operates as an aerospace and defense firm. He set alarm bells ringing when he slashed his portfolio to a single position in the second quarter of last year, but added five additional namesin the third quarter. The next. 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. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Therefore, it seems to maintain a high position in the communications industry. In this article, we discuss 13 stocks that Michael Burry is buying and selling. Other types of investors are foundations and trusts, businesses, and family offices. Michael Burry Performance Scion Asset Management, LLC Portfolio Never miss a trade. Portfolio value: $46M+ Period: 2022 Q4 Number of stock: 9 Update: 14 Feb 2023 Important Cost basis and return based on previous market day close. We utilize no bright-line tests in such evaluations. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. It 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. The company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. He maintained a Hold rating on the shares. 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. So Im not quite sure why it has underperformed the broader market so significantly. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. 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. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. 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. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. 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). Michael Burry, the California-born hedge fund manager with a background in biology, is one of the names that fits this description. Here you can find the latest trades based on Burry's 13F filings and insider trades. Western Digital Corporation is a company based in The United States of America that specializes in computer memory. Michael Burrys current investments also lie in Uniti Group Inc., which makes a contribution of 6.08% of Michael Burrys portfolio, valuing up to $8,504,000. Between June and September, the portfolio value of Scion Asset Management decreased from $140 million to just $41 million. 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. Michael Burry's Hedge Fund's Returns In its first year, Burry's hedge fund Scion was up 55%, while the S&P 500 fell 11.88%. In the fourth quarter of 2022, Burry sold the entirety of his stake in the company. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. He's also compared the stock market's rally this year to the dot-com bubble, and cautioned meme-stock buyers. Learn More. We still like this investment. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June . Among the hedge funds being tracked by Insider Monkey, New York-based firm. Michael Burry is an American investor, and hedge fund manager. It is an integrated circuit maker, along with flash memory devices. Michael Burry, the hedge fund . In this article, we discuss the 4 best stock picks and portfolio performance of Michael Burry. The answer is water. 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. Michael burry saw that ultimately fundamentals would bring the truth about the real value of these securities and many would plummet to zero! Access your favorite topics in a personalized feed while you're on the go. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. Market experts who closely follow Burry claim that this is a sign that he is preparing for a crash. 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. Replying to . As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. He cashed out all of his BBBY shares by mid-August, making roughly $110 million. Scion Asset Management, according to its Q1 2022 portfolio, owned a $17.97 million stake in the company consisting of 75,000 shares, which represented 8.92% of its total holdings. Burry stopped betting against Cathie Wood's ARK and Tesla. The investments that this company makes are mainly in constructing and running prisons. 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%). Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. 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. In this regard, the Geo group has raised its value up to $7,488,000. It is reported that in GameStop, he reported 1.7 million shares, and his returns peaked at a value of $271 million. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and 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. If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . We believe the financial strength of our holdings is far above the typical energy company. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm Berkshire Hathaway is a leading shareholder in The Kraft Heinz Company (NASDAQ:KHC) with 325 million shares worth more than $12 billion. The rate at which the company's net income has increased to the same quarter one year ago. Since 2014, Wells Fargo has markedly been on top of many banking lists, successfully extending its operations to more customers and clients with each passing day. Yet it's still a fraction of its size at the end of March, when it contained 11 stocks worth a combined $165 million excluding bearish put options that Scion held against 206,000 Apple shares. Pason and NOW represent our fourth and fifth investments in the energy sector. In Q3 2022, Michael Burry purchased 132,561 shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) worth $5.30 million. 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. 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.. A Michael Burry expert breaks down what makes the 'Big Short' investor special. Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. 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. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Time will tell, but to paraphrase country music artist Merle Haggard, we do not yet think cables good times are really over for good.. At the end of September, the fund owned 30,000 shares of Lockheed Martin Corporation (NYSE:LMT) worth $10.3 million, representing close to 25% of the portfolio. On its balance sheet, Berkshire carries the Kraft Heinz holding at a GAAP figure of $13.3 billion, an amount that represents Berkshires share of the audited net worth of Kraft Heinz on December 31, 2020. Invest better with The Motley Fool. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc (BKI), Alibaba Group Holding Ltd (BABA), JD.com Inc (JD), Wolverine World Wide Inc (WWW), not including call and put options. The 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. Charter Communications, Inc. (NASDAQ:CHTR) was founded in 1993 and is headquartered in Stamford, Connecticut. 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. It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. All Rights Reserved. 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. Yet Burry tweeted an apparent warningthat the agreement could end badly. "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks is originally published on Insider Monkey. Michael Burry has invested in some of the most spread-out and wealthiest companies in all the U.S. 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. WDCs headquarters are situated in California, USA, regulating the manufacturing of hard disk drives. These were called "NINJA loans": "No Income No Job". The hedge fund of the latter has a very bullish stance on Musk and Tesla, Inc. (NASDAQ:TSLA). Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. feet. 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. 9 min read. 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. It owns and manages casino, hotel, and entertainment resorts in the United States and Macau. 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%). Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. Some of these brands are HSN, Garnet Hill, and Ballard Designs. Most of these channels are sold to media industries worldwide and are not only restricted to the televisions of Americans. 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. Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock portfolio. It also provides mental health and rehabilitation facilities. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. As the Supreme Court considers President Joe Biden's student loan forgiveness plan, Burry wrote in a series . Scion exited the wager during the next quarter, only to reinvest a few months later, filings show. 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. Several elite hedge funds are bullish on the company as a new fiscal year begins. Michael Burry is capturing headlines recently for predicting another stock market crash. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. 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. 13F quarterly reports, 13D/G beneficial ownership reports and form 4 insider ownership change reports. The popular investment manager has been vocal on social media telling investors to sell their stocks and. GuruFocus.com is not operated by a broker or a dealer. Michael Burry said there will be "terrible consequences" if student debt is cancelled. Its distributions are conferred to many international countries, including Canada. 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. highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. And it means its going to be harder than ever to hold onto any money you make. SBC) and theres a line-of-sight to $300+ million (ex. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. The investor of "The Big Short" fame bought 50,000 . 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. Source: 13F filing, Author. Past performance is a poor indicator of future performance. 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. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! Qurate Retail, Inc. (NASDAQ:QRTEA) is engaged in the video and online commerce industries in North America, Europe and Asia. As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. Considering revenue, WFC has been awarded the 30th position in the list of the worlds largest corporations, as reported by Fortune 500 in 2020. $48 Million Total portoflio value. SBC) by 2024, meaning shares have been trading in a range of 4-6x price to free cash flow. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. It is safe to say, it can also produce world-class SSDs thereby, having close competition with Micron Technology, as well as Seagate Technology. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. 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. 1-Year Performance. Therefore, it would not be shocking to see Michael Burrys returns rocketing up by large numbers. It has its workload revolving around acquisition and construction. 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. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. When our award-winning analyst team has a . 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. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. 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. Scion Asset Managements Stake Value: $2,445,000 (After a 70% Decline in Stake in Q4). Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June 2020. The holdings of Michael Burry Big Short are in the worlds leading companies and corporations, and that has led him to an elevated status in the business world. The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. Along with Tesla, Inc. (NASDAQ:TSLA), ARK Innovation ETF (NYSE:ARKK), Alphabet Inc. (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:FB), Discovery, Inc. (NASDAQ:DISCA), CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS), NOW Inc. (NYSE:DNOW) is one of the stocks that hedge funds are buying. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. In light of this fact, we evaluated our investment in Kraft Heinz for impairment. The video was published on Feb. 28, 2023. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio 338.80% 5-Year Performance. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). 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. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. 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. 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. Gurus may be added or dropped from the GuruFocus site at any time. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Burry isn't the only notable investor to show interest in BBBY. Our largest energy holding is Helmerich & Payne, the nations largest drilling contractor. 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. 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. 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. 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. Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. 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. Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. Bank of America Global Research data. 10 stocks we like better than Alibaba Group. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Alibaba and JD.com are both Chinese e-commerce businesses. The dividend is distributable on May 1, to shareholders of record on April 3. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. It is also in the lead of the mobile and social commerce race. Burry's new positions are as follows: Charter Communications ( CHTR) CoreCivic Inc. ( CXW) Aerojet Rocketdyne Holdings Inc. ( AJRD) Liberty Latin America ( LILA) Qurate Retail ( QRTEA) In addition, Michael Burry increased his position in GEO Group ( GEO) by more than three times. The locations of these centers are Florida, Chicago, Minnesota, and Ohio. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm. Burry's purchases suggest he remained bullish last quarter.
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