GuruFocus.com is not operated by a broker or a dealer. In this article, we examined Big Short's Michael Burry bets on 11 stocks amid his warning over the stock market collapse ahead. Read more:A Michael Burry expert breaks down what makes the 'Big Short' investor special. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. Burry manages Scion Asset Management with a portfolio value of . Based on the available facts and information regarding the operating results of Kraft Heinz, our ability and intent to hold the investment until recovery, the relative amount of the decline and the length of time that fair value was less than carrying value, we concluded that recognition of an impairment loss in earnings was not required. Refer a Friend and Earn One Month of Free Membership. Past performance is a poor indicator of future performance. Copyrights 2021-2023 Valuesider All rights reserved. Scion exited the wager during the next quarter, only to reinvest a few months later, filings show. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm. 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. 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. We put 7 burning questions to top economist David Rosenberg. As of June 30th, NOW had $269 million of cash and no debt ($497 million market cap), although if demand recovers as we expect, some cash will be reinvested in working capital. 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. 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. If you want to see more stocks in this selection, check out, 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. 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. Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock 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. On January 27, Charter Communications, Inc. (NASDAQ:CHTR) reported a Q4 GAAP EPS of $7.69 and a revenue of $13.67 billion, missing Wall Street estimates by $1.08 and $60 million, respectively. In this article, we discuss the 4 best stock picks and portfolio performance of Michael Burry. In the following year 2019 rankings in America that were calculated based on total revenue by Forbes 500, Allstate Corp. held the 79th position. Several other hedge funds also hold bullish positions in the company. @burrytracker. 2004-2023 GuruFocus.com, LLC. The company is a new holding in the portfolio of Scion Asset Management. It functions as a cable operator and broadband connectivity provider, catering to both residential and commercial clients in the United States. In the third quarter of 2022, Michael Burry acquired 155,761 shares of Liberty Latin America Ltd. (NASDAQ:LILA) worth $958,000. 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. He has also cautioned that the Fed may hesitate to intervene in order to support asset prices, as it could intensify inflation. Qurate Retail Group is an American company, immersed and actively engaged in media usage to run a business venture. Through a vast network of 245 locations, NOWs 300,000 SKU product offering addresses all segments of the energy value chain, from upstream E&Ps to midstream infrastructure to downstream refining, in addition to industrial end markets including chemicals, mining, utilities, and manufacturing. In the broad electronics industry that the world has with the prevailing level of technology, WDC has been a contributor to it for a very long time. Burry stopped betting against Cathie Wood's ARK and Tesla. 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. Mortgage Backed Securities (MBS) are a collection of Home loan mortgages compiled together to create an investment security. 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. 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 firm. To make the world smarter, happier, and richer. Making the world smarter, happier, and richer. We also made adjustments to the portfolios top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Portfolio 9 Options 0 Performance. 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. Burry had accurately predicted the collapse of both these bubbles. He was only holding Geo group Inc. stock in the second quarter of 2022. as well as other partner offers and accept our, Securities and Exchange Commission filing. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. And it means its going to be harder than ever to hold onto any money you make. We initially share this idea in October 2018 and the stock already returned more than 150%. He's now 51 years old. 1-Year Performance. Its distributions are conferred to many international countries, including Canada. The popular investment manager has been vocal on social media telling investors to sell their stocks and. Several elite hedge funds are bullish on the company as a new fiscal year begins. SBC) and theres a line-of-sight to $300+ million (ex. 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 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. Our largest energy holding is Helmerich & Payne, the nations largest drilling contractor. If you want to see more stocks in this selection, check out 5 Stocks Big Short Michael Burry Is Buying and Selling. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. 214.91% 10-Year Performance . Shares of The Kraft Heinz Company (NASDAQ:KHC) common stock are publicly-traded and the fair value of our investment was approximately $11.3 billion at December 31, 2020 and $10.5 billion at December 31, 2019. That means much bigger government. ADS and ADR are traded on US stock exchanges but represent ownership of foreign-listed companies. Price to Book Ratio is the Market cap divided by the Book value of the company. 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 . The company has been thriving since 1993 and is venturing into Canada too. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. 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. Since 2015, Michael Burrys 13f filing has been coming out to educate the world on investing. Berkshire currently owns 325,442,152 shares of Kraft Heinz common stock representing 26.6% of the outstanding shares. 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. The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. 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). 9.47% 3-Year Performance. 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. 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. 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. Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. 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). 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. If you want to see more stocks in this selection, check out 5 Stocks Big . 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. Access your favorite topics in a personalized feed while you're on the go. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. 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." Today, Burry still regularly invests through his fund Scion Asset Management, although he's pretty choosy. Source: 13F filing, Author. DISCA contributes largely to his investments, having a numeral share of 5.38% and a value of $7,523,000. 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. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. The hedge fund of the latter has a very bullish stance on Musk and Tesla, Inc. (NASDAQ:TSLA). Widely known to function as a telecommunications company, Lumen Technologies is a company based in America. As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. So Im not quite sure why it has underperformed the broader market so significantly. Below is the Michael Burry portfolio today based on the 3rd quarter 13f filing as of 9/30/22 with the SEC. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. On another occasion in 2018, by total assets, Wells Fargo became the fourth largest bank in the United States of America. He was right, This was the 2008 Financial Crisis, Housing Bubble which resulted in the collapse of Lehman brothers investment bank & a major stock market crash! Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. Scion Asset Managements Stake Value: $3,353,000. He launched his hedge fund in 1956 with $105,100 in seed capital. A higher ratio indicates a higher risk. Nonetheless, it has still managed to attain over $386.9 million in Assets Under Management (AUM). 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 analyst advised investors to focus on defensive, high-quality, and recession-resistant companies, with a specific emphasis on those that are expected to perform relatively better. I believe it will make millions of Americans vastly wealthier. 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. 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. highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. Now Inc. is a company that has a significant role in the energy sector that supplies oil and gas globally to several markets. NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. Therefore, it would not be shocking to see Michael Burrys returns rocketing up by large numbers. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. It is also in the lead of the mobile and social commerce race. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. 338.80% 5-Year Performance. 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. 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. 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. Other products are safety supplies, drills, and paints. 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. As early as February 2021, when the post-pandemic economic recovery had yet to fully take-off, Burry took to Twitter to sound the alarm bells over a historic crash, noting that the markets were dancing on a knifes edge as valuations soared and debt margins increased. It operates through three segments CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . Fundamental company data provided by Morningstar, updated daily. Burry also made famous multi-million dollar bearish bets against Tesla, Inc. (NASDAQ:TSLA) and ARK Innovation ETF (NYSE:ARKK), famously sparring with Elon Musk, the owner of the former, and Cathie Wood, the investor whose hedge fund, ARK Investment Management, is behind the latter. Despite the bets on a select few companies, Burry has issued several dire warnings to investors this year, likely in response to the stock market's breathless rally in recent weeks. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. Additionally, this management of the clients investments, ensures that success rates of the clients also go up. Michael Burry, the investor of "The Big Short" fame, slashed his US stock portfolio to a single holding in the second quarter, a Securities and Exchange Commission filing showed on Monday.. 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. 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. 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. At least in BBBY's case, he was right on the money. Ken Griffins Citadel Investment Group held the largest position in the company, consisting of 1.5 million shares worth $13.8 million. Market experts who closely follow Burry claim that this is a sign that he is preparing for a crash. Michael Burry is an American investor, and hedge fund manager. is what Weitz Partners Value Fund has to say about Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2022 investor letter: According to Insider Monkeys Q3 data, 17 hedge funds were long CoreCivic, Inc. (NYSE:CXW), with combined stakes worth $57.4 million. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter. WDCs headquarters are situated in California, USA, regulating the manufacturing of hard disk drives. 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. Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. 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. It's calculated by multiplying the share price by the number of outstanding shares. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. 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. 10 stocks we like better than Alibaba Group. Here is what the firm said: We exclude our The Kraft Heinz Company (NASDAQ:KHC) holding 325,442,152 shares (In the list of 15 common stock investments that at yearend were our largest in market value) because Berkshire is part of a control group and therefore must account for that investment using the equity method. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June 2020. 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. Percentage of Stake Sold in Q4 2022: 100%. 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. 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. . 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. 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%). 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. 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. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). 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. 13 Stocks Big Short Michael Burry Is Buying and Selling is originally published on Insider Monkey. However, it has streamlined its business since the last oil and gas downturn and expects reduced operating losses this round. Shares, change to shares, sold shares - split-adjusted. 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. The contribution of RPT Realty in his stock portfolio is 6.18% and has a substantial value of $8,650,000. 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. Burry sold his position in the company during Q4 2022. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. Charter Communications, Inc. (NASDAQ:CHTR) was founded in 1993 and is headquartered in Stamford, Connecticut. 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. The services provided by Lumen Technologies encompass communications, cloud, and network services. 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. 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 . The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. The current portfolio value is calculated to be $47.00 Mil. Bank of America Global Research data. Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. 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. Time will tell, but to paraphrase country music artist Merle Haggard, we do not yet think cables good times are really over for good.. 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. 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. We received dividends from Kraft Heinz of $521 million in each of 2020 and 2019 and $814 million in 2018, which we recorded as reductions in our carrying value. ", 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.". Channels lying in the dominion of DISCA are Animal and Science Planet, Discovery Channel, and TLC.
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