As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. 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. Market cap divided by the revenue in the most recent year. Indicates a company's profitability in relation to its total assets. 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. Reported price - this doesn't represent the actual buy or sell price.It is the split-adjusted price of the security as of the last day of the reported period. Michael Burry Performance Scion Asset Management, LLC Portfolio Never miss a trade. Now Inc. is a company that has a significant role in the energy sector that supplies oil and gas globally to several markets. Burry isn't the only notable investor to show interest in BBBY. 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. To make the world smarter, happier, and richer. Is Alibaba Stock a Buy After Q4 Earnings? 13F quarterly reports, 13D/G beneficial ownership reports and form 4 insider ownership change reports. That would have been 9.35% in hedge fund fees. Despite his education in both economics and medicine, Burry currently chooses to practice the former. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. We have mentioned the stocks Burry sold first, and ranked the remaining list in ascending order of his stake value. The services provided by Lumen Technologies encompass communications, cloud, and network services. 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. Michael Burry did not buy any new stocks in the current portfolio. The company is a new holding in the portfolio of Scion Asset Management. None. 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. 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 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%). 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. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. 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. GEO is a real estate investment trust, based in The United States of America, but proudly supplying its services to the United Kingdom, Australia, and South Africa. However, it has streamlined its business since the last oil and gas downturn and expects reduced operating losses this round. It contributes 5.49% of his stocks, and therefore, it has a value of $7,679,000. as well as other partner offers and accept our, Securities and Exchange Commission filing revealed. 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. highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealed on Tuesday. In early November, Stephens analyst Tommy Moll upgraded NOW Inc. (NYSE:DNOW) stock to Overweight from Equal Weight with a price target of $12, underlining that the company was showing commitment to protect gross margins. WDCs headquarters are situated in California, USA, regulating the manufacturing of hard disk drives. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. 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. 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). 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. Other services imparted, cater to voice coverage and security. 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. To navigate the uncertain equity market in 2023, some of the stocks that Big Short Michael Burry is buying include Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD). Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider Portfolio 9 Options 0 Performance. The top 5 stocks still make up about 76% of the total . This is basically a recipe to generate better returns than Warren Buffett is achieving himself. Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. Overall, Scion grew its US stock portfolio from six positions to nine, and its total value swelled by 13% to about $47 million. Michael Burry is a successful investor, hedge fund manager, and physician. Michael Burry's Scion Capital Management dumped his entire stock portfolio in the second quarter as the "Big Short" hedge fund legend stepped up his warnings about a looming stock market . It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. 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. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. Earlier in August, Burry had also sparred with Wood. Having its headquarters located in California, it functions with only six clients in total. The Partnership has been a buyer at these levels., Scion Asset Managements Stake Value: $2,063,750. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. 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. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. This stake is worth more than $1.1 million and consists of 150,000 shares. 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. 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 manages Scion Asset Management with a portfolio value of . The company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. Nonetheless, it has still managed to attain over $386.9 million in Assets Under Management (AUM). 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. 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. Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. Yet Burry tweeted an apparent warningthat the agreement could end badly. ", The Scion boss shot to fame after his billion-dollar wager against the mid-2000s housing bubble was immortalized in the book and movie "The Big Short.". Parkev Tatevosian, CFA has no position in any of the stocks mentioned. These were called "NINJA loans": "No Income No Job". The next. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. Invest better with The Motley Fool. A Michael Burry expert breaks down what makes the 'Big Short' investor special. 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. Fundamental company data provided by Morningstar, updated daily. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. *Average returns of all recommendations since inception. 338.80% 5-Year Performance. Alibaba and JD.com are both Chinese e-commerce businesses. Most recent portfolio value is calculated to be $ 46,536,925 USD. 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. , is behind the latter. Along the way, I believe Biden could become one of the most powerful Presidents in history. 9.47% 3-Year Performance. So, what did Michael Burry invest in for Big Short? date of 2022-12-31. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Cost basis and return based on previous market day close. Past performance is a poor indicator of future performance. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June 2020. 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. We believe the financial strength of our holdings is far above the typical energy company. Burry added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 million. MGM Resorts International (NYSE:MGM) was incorporated in 1986 and is based in Las Vegas, Nevada. All Rights Reserved. The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. 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. Michael Burry's 2022 Portfolio: Top 5 Stock Picks The beta of the portfolio is 1.13. 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. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks, Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Michael Burry Stock Portfolio: 10 Stocks He Sold He offered a one-word piece of advice in late January: "Sell." In this regard, the Geo group has raised its value up to $7,488,000. However, Burry once again closed the bet over the next three months, meaning he got out before the meme-stock boom in January 2021. Easily embed the chart on your blog or website it will always update Qurate Retail Group is an American company, immersed and actively engaged in media usage to run a business venture. It owns and manages casino, hotel, and entertainment resorts in the United States and Macau. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. 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. 14 min read. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. JPMorgan analyst . Burry opened a new position in Meta Platforms, Inc. (NASDAQ:FB) in the first quarter of 2021 after selling off the previous stake in late 2020. 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? The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. valuations for each stock, which positions are undervalued, have low PE Ratios, are considered high quality and recently traded at Liberty Latin America Ltd. (NASDAQ:LILA) provides fixed, mobile, and subsea telecommunications services. Considering revenue, WFC has been awarded the 30th position in the list of the worlds largest corporations, as reported by Fortune 500 in 2020. The idea between these securities is risk was "supposed" to be diversified. 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. Burry had accurately predicted the collapse of both these bubbles. Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. Registration on or use of this site constitutes acceptance of our. Michael Burry added SkyWest, Inc. (NASDAQ:SKYW) to his Q4 portfolio by acquiring 125,000 shares worth $2.06 million. 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. We put 7 burning questions to top economist David Rosenberg. 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. 65.06% of Michael Burry's Portfolio Is in These 4 Stocks According to Insider Monkeys third quarter database, 26 hedge funds were bullish on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), with combined stakes worth $704.2 million. 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. to generate high returns in the 20% to 30% range. 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. Other types of investors are foundations and trusts, businesses, and family offices. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. At least in BBBY's case, he was right on the money. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. Click to continue reading and see 5 Stocks Big Short Michael Burry Is Buying and Selling. He's also compared the stock market's rally this year to the dot-com bubble, and cautioned meme-stock buyers. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. It operates through three segments CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. 9 min read. However, the released 13f filings ceased after that and were resumed in 2019. 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. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors.
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