338.80% 5-Year Performance. These returns have duly contributed to the exceptional Michael Burry portfolio. For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. In this article, we discuss 13 stocks that Michael Burry is buying and selling. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. However, they were still rated AAA (Investment grade) by many credit Agencies! Here you can find the latest trades based on Burry's 13F filings and insider trades. The next. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! The idea between these securities is risk was "supposed" to be diversified. Michael Burry said there will be "terrible consequences" if student debt is cancelled. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. In this article, we discuss the 10 stocks to sell according to Michael Burry. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. 214.91% 10-Year Performance . as well as other partner offers and accept our, Securities and Exchange Commission filing. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. 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. Scion Asset Management's public equity portfolio is heavily concentrated. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. 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. When our award-winning analyst team has a . The total net worth of Michael Burry comes out to be $300 million. This stake is worth more than $1.1 million and consists of 150,000 shares. At least in BBBY's case, he was right on the money. 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. Read the original article on Business Insider. 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. We utilize no bright-line tests in such evaluations. This years free cash flow guide is for $120 million (ex. The turnover rate is 70%. In Michael Burry's portfolio Q2 2021, the first thing to catch an eye was that Scion Asset Management bought 2,355 bearish (put) contracts against the ARK Innovation ETF during the second quarter and held them through the end of the period.However, he decided to sell that option and is currently no longer holding it. 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. Burry first bought a stake in NOW Inc. (NYSE:DNOW) in the fourth quarter of 2020. It occupies a good share of 5.94% in his investments, totaling a value of $8,309,000. 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. 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 . Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. Portfolio value: $46M+ Period: 2022 Q4 Number of stock: 9 Update: 14 Feb 2023 Important 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. The Motley Fool has a disclosure policy. Easily embed the chart on your blog or website it will always update Access your favorite topics in a personalized feed while you're on the go. 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. The forward yield was 2.65%. 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. The Scion Asset Management chief also built a $10 million stake in Qurate Retail, and established smaller positions in Aerojet Rocketdyne, Charter Communications, Corecivic, and Liberty Latin America. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Shares, change to shares, sold shares - split-adjusted. Naturally, that made his net worth go up. Other products are safety supplies, drills, and paints. Registration on or use of this site constitutes acceptance of our. In this article, we examined Big Short's Michael Burry bets on 11 stocks amid his warning over the stock market collapse ahead. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. Scion opened a new position in The Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter of 2020, buying nearly 600,000 shares at an average price of $32.46 per share. You can get rich by returning 20% per year and compounding that for several years. 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. Click to continue reading and see Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. Gurus may be added or dropped from the GuruFocus site at any time. , is behind the latter. Meta Platforms, Inc. (NASDAQ:FB) has featured in the Scion portfolio since early 2020. It also provides mental health and rehabilitation facilities. So, what did Michael Burry invest in for Big Short? Earlier in August, Burry had also sparred with Wood. This reopening followed nearly three years of restrictions on travel and commerce. Congrats to all those Autopilot'ing the Burry Portfolio, you should be up on this position too . is originally published on Insider Monkey. The stock is currently selling for 66% of tangible book value. However, he sold up in August, bagging an estimated $68 million profit. Feb 9. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. , 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. 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. 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). In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are. 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 is an American investor, and hedge fund manager. Stock quotes provided by InterActive Data. It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. In Michael Burry's portfolio as of 31 Dec 2022, the top 5 holdings are (GEO) GEO GROUP INC/THE (25.02%), (BKI) BLACK KNIGHT INC (19.90%), (COHR) COHERENT CORP (11.31%), (BABA) ALIBABA GROUP HOLDING-SP ADR (9.46%) and (JD) JDCOM INC-ADR (9.05%). He's now 51 years old. 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. We initially share this idea in October 2018 and the stock already returned more than 150%. 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. The Partnership has been a buyer at these levels., Scion Asset Managements Stake Value: $2,063,750. It owned 1 million BBBY shares worth almost $11 million on June 30, 2020. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. That would have been 9.35% in hedge fund fees. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:FB), and Discovery, Inc. (NASDAQ:DISCA), among others. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Safe Stocks to Buy Hand Over Fist in 2023, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Channels lying in the dominion of DISCA are Animal and Science Planet, Discovery Channel, and TLC. 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. We still like this investment. Michael Burry is capturing headlines recently for predicting another stock market crash. Considering revenue, WFC has been awarded the 30th position in the list of the worlds largest corporations, as reported by Fortune 500 in 2020. However, Burry once again closed the bet over the next three months, meaning he got out before the meme-stock boom in January 2021. In 2018, it gained an enormous revenue of $39.8 billion. It has been a favorite hedge fund stock for years. We believe the financial strength of our holdings is far above the typical energy company. Therefore, it is safe to say that Michael Burrys wealth has accumulated through investment stocks. 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. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). On February 2, SkyWest, Inc. (NASDAQ:SKYW) reported its fourth quarter results, falling short of Wall Street consensus. The services provided by Lumen Technologies encompass communications, cloud, and network services. The Scion Asset Management chief warned of a dramatic decline in stocks, and forecasted. GME Stock Split in 2023 [Things You Need to Know], Shopify Stock Split in 2023 [Everything You Need to Know], Publix Stock Split in 2023 [Things You Need to Know], LILAK - Liberty Latin America Ltd Com Cl C. The tweets of the investor have since been deleted, but remain a part of public record through the news outlets that covered them when they were made. Western Digital Corporation is a company based in The United States of America that specializes in computer memory. Copyrights 2021-2023 Valuesider All rights reserved. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. Scion exited the wager during the next quarter, only to reinvest a few months later, filings show. This decision was made following the impressive Q4 gaming and revenue per available room metrics for the Las Vegas strip, as well as positive reports from competitors in recent weeks. SkyWest, Inc. (NASDAQ:SKYW) was incorporated in 1972 and is headquartered in St. George, Utah. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 9 min read. We initially share this idea in October 2018 and the stock already returned more than 150%. Other types of investors are foundations and trusts, businesses, and family offices. He cashed out all of his BBBY shares by mid-August, making roughly $110 million. The company has been thriving since 1993 and is venturing into Canada too. Indicates a company's profitability in relation to its total assets. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. At the end of 2022, Scion only held nine stocks, and 56% of his portfolio was invested in . On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. 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. On February 8, MGM Resorts International (NYSE:MGM) reported a Q4 non-GAAP loss per share of $1.53 and a revenue of $3.59 billion, topping market estimates by $0.04 and $240 million, respectively. Along the way, I believe Biden could become one of the most powerful Presidents in history. Michael Burry did not buy any new stocks in the current portfolio. 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. It operates in two segments, Aerospace and Defense, and Real Estate. 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 top 5 stocks still make up about 76% of the total . We have mentioned the stocks Burry sold first, and ranked the remaining list in ascending order of his stake value. 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). On January 10, Wells Fargo analyst Matthew Akers maintained an Equal Weight rating on Lockheed Martin Corporation (NYSE:LMT) stock and raised the price target to $379 from $340, underlining that new programs that were transitioning to production would cut the risks to legacy rotorcraft platforms marketed by the firm. Through other media forums, such as apps and websites, QRTEA can reach even more people globally. It was recorded between 2015 and 2016, that fundholding maximized to $100 million. Several elite hedge funds are bullish on the company as a new fiscal year begins. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June .
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