He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. Considering revenue, WFC has been awarded the 30th position in the list of the worlds largest corporations, as reported by Fortune 500 in 2020. It occupies a good share of 5.94% in his investments, totaling a value of $8,309,000. Price to Book Ratio is the Market cap divided by the Book value of the company. Several elite hedge funds are bullish on the company as a new fiscal year begins. 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. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. Performance. Charter Communications, Inc. (NASDAQ:CHTR) was founded in 1993 and is headquartered in Stamford, Connecticut. However, Burry once again closed the bet over the next three months, meaning he got out before the meme-stock boom in January 2021. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The Scion Asset Management chief warned of a dramatic decline in stocks, and forecasted. Since 2013, Michael Burry's earnings have come from his second founded firm, Scion Asset Management. 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. Refer a Friend and Earn One Month of Free Membership. Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. . Learn More. 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. Several elite hedge funds are bullish on the company as a new fiscal year begins. 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. Scion exited the wager during the next quarter, only to reinvest a few months later, filings show. 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. We put 7 burning questions to top economist David Rosenberg. LUMN mainly flourishes in the information technology sector and industry. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. . 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. For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. The investor of "The Big Short" fame bought 50,000 . The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. The idea between these securities is risk was "supposed" to be diversified. "It's time memesters look up what a death spiral convertible is," he said. 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. Is Alibaba Stock a Buy After Q4 Earnings? $48 Million Total portoflio value. So, what did Michael Burry invest in for Big Short? Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks is originally published on Insider Monkey. , is behind the latter. 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. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. 9.47% 3-Year Performance. Market cap divided by the revenue in the most recent year. This reopening followed nearly three years of restrictions on travel and commerce. These are known to operate beyond the U.S. borders. 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. Michael Burry. 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. Burry stopped betting against Cathie Wood's ARK and Tesla. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. Indicates the relationship between the price performance of a share and the market. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. Now Inc an American company whose parent company is Distribution Now makes 7.7% of his portfolio. The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. According to the analyst, there were high expectations for MGM Resorts International (NYSE:MGM)s performance on the strip, but the company exceeded them with ease. 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. The success of Burry is an exception in the world of finance that. 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. Burry's purchases suggest he remained bullish last quarter. Since 2015, Michael Burrys 13f filing has been coming out to educate the world on investing. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. The good news is, this powerful new force can help you make a lot of money even in a bear market. In this article, we discuss 13 stocks that Michael Burry is buying and selling. All Rights Reserved. Berkshire currently owns 325,442,152 shares of Kraft Heinz common stock representing 26.6% of the outstanding shares. Congrats to all those Autopilot'ing the Burry Portfolio, you should be up on this position too . This years free cash flow guide is for $120 million (ex. 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. 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%). Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. Please visit the "Current Portfolio" tab to see the current and past 13F holdings for Michael Burry, as well as holding map, In its Q4 2020 investor letter, RiverPark Advisors, LLC, an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. In November, he once again warned of market speculation and this time compared the situation to the crisis just before the onset of the Great Recession in 1920. Meta Platforms, Inc. (NASDAQ:FB) develops and markets products that enable people to connect. 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. It operates in two segments, Aerospace and Defense, and Real Estate. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. The hedge fund of the latter has a very bullish stance on Musk and Tesla, Inc. (NASDAQ:TSLA). is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. 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. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. 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. I believe it will make millions of Americans vastly wealthier. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. Most of these channels are sold to media industries worldwide and are not only restricted to the televisions of Americans. The fund's top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . He offered a one-word piece of advice in late January: "Sell." 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 invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. Michael Burry is a successful investor, hedge fund manager, and physician. On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. 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). *Stock prices used were the afternoon prices of Feb. 14, 2023. The products that Burrys company provides to its customers include a wide range of Institutional Advisory Services and Investment Products. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. 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. Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! Scion has sold off some of these stakes in the third quarter but they have been included in the list as they remained in the Scion portfolio for the first half of 2021. 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. You can get rich by returning 20% per year and compounding that for several years. 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. Ratio between share price and earnings per share. CoreCivic, Inc. (NYSE:CXW) is a Tennessee-based company that owns and manages partnership correctional, detention, and residential reentry facilities in the United States. 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. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. 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. 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. William Crowley, William Harker, and Stephen Blass Ashe Capital held the leading position in the company. It is also in the lead of the mobile and social commerce race. Because of its high-end worth. It indicates the company's profitability. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. The popular investment manager has been vocal on social media telling investors to sell their stocks and. *Average returns of all recommendations since inception. 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. He has even said that he even owns some coins. Time will tell, but to paraphrase country music artist Merle Haggard, we do not yet think cables good times are really over for good.. The video was published on Feb. 28, 2023. Defensive positioning is the current theme of his portfolio . 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. And it means its going to be harder than ever to hold onto any money you make. Its distributions are conferred to many international countries, including Canada. Bank of America Global Research data. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. In this regard, the Geo group has raised its value up to $7,488,000. 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. Feb 9. GuruFocus.com is not operated by a broker or a dealer. However, despite many misconceptions he is currently not a Billionaire officially yet. 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. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. 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. 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. Cost basis and return based on previous market day close. 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. 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). Please visit the "Stock Picks" tab to see the latest guru trades and stock picks for Michael Burry, which include data from 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 company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. 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. And still the door is only so big.". Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. He has also cautioned that the Fed may hesitate to intervene in order to support asset prices, as it could intensify inflation. To navigate the uncertain equity market in 2023, some of the stocks that Big Short Michael Burry is buying include Black Knight, Inc. (NYSE: According to Insider Monkeys Q3 data, 68 hedge funds were long Charter Communications, Inc. (NASDAQ:CHTR), and. Having its headquarters located in California, it functions with only six clients in total. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. 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. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. 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. If you want to see more stocks in this selection, check out 5 Stocks Big Short Michael Burry Is Buying and Selling. Both Alibaba and JD.com shares were hit hard last year by growing threats of government regulation, plus a wider exodus from risky technology stocks in the face of rising interest rates and a potential recession. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. 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. Portfolio value: $46M+ Period: 2022 Q4 Number of stock: 9 Update: 14 Feb 2023 Important In addition to Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD), Burry added MGM Resorts International (NYSE:MGM) to his portfolio during the December quarter. date of 2022-12-31. It also provides mental health and rehabilitation facilities. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. It's calculated by multiplying the share price by the number of outstanding shares. However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Scion Asset Managements Stake Value: $2,445,000 (After a 70% Decline in Stake in Q4). Pason and NOW represent our fourth and fifth investments in the energy sector. 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. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. He maintained a Hold rating on the shares. 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. Some of these brands are HSN, Garnet Hill, and Ballard Designs. Indicates a company's profitability in relation to its total assets. 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 invested in Bed Bath & Beyond at least twice before the meme stock's spectacular rise and epic fall, Securities and Exchange Commission filings show. Market experts who closely follow Burry claim that this is a sign that he is preparing for a crash. 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. Sorry, no results has been found matching your query. 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 Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. It is one of the service providers of wireless functions and operations and is currently at the forefront of such providers. He was born in San Jose, California on June 19, 1971. During the third quarter, this position was sold off entirely. Keith Meisters Corvex Capital is the largest stakeholder of the company, with 6.67 million shares worth $198.3 million. From his first company, Michael Burry was able to earn huge profits and positive returns from the beginning for his investors. If you want to skip our detailed analysis of these stocks, go directly to the Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. 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. , an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. Qurate Retail Group is an American company, immersed and actively engaged in media usage to run a business venture. Scion Asset Management's public equity portfolio is heavily concentrated. At the end of 2022, Scion only held nine stocks, and 56% of his portfolio was invested in . 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. The Motley Fool recommends Coherent. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. Through other media forums, such as apps and websites, QRTEA can reach even more people globally.