Michael Burry is capturing headlines recently for predicting another stock market crash. 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 . 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. 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. 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. Michael Burry has invested in some of the most spread-out and wealthiest companies in all the U.S. 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. Back then they werent called hedge funds, they were called partnerships. 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. 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. 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. These methods of labor are deployed to meet the needs of mission-critical communications infrastructure. Market cap divided by the revenue in the most recent year. In the following year 2019 rankings in America that were calculated based on total revenue by Forbes 500, Allstate Corp. held the 79th position. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. 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. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. The value of Burry's portfolio jumped from about $3 million to over $41 million. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. 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. Analytical Laboratory Instrument Manufacturing, Crude Petroleum and Natural Gas Extraction, All Other Miscellaneous Chemical Product and Preparation Manufacturing, Biological Product (except Diagnostic) Manufacturing, Semiconductor and Related Device Manufacturing, Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers, Offices of Real Estate Agents and Brokers, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Commercial and Institutional Building Construction. SBC) by 2024, meaning shares have been trading in a range of 4-6x price to free cash flow. Today, Burry still regularly invests through his fund Scion Asset Management, although he's pretty choosy. 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 next. The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks. 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. And it means its going to be harder than ever to hold onto any money you make. Registration on or use of this site constitutes acceptance of our. as well as other partner offers and accept our, Securities and Exchange Commission filing revealed. Yet Burry tweeted an apparent warningthat the agreement could end badly. Even so, we have kept our exposure to the energy sector in check given our concerns about the overall economy.. Some of these brands are HSN, Garnet Hill, and Ballard Designs. These are known to operate beyond the U.S. borders. As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. 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. In this article, we discuss 13 stocks that Michael Burry is buying and selling. The analyst highlighted the Future Vertical Lift program as a big opportunity for Lockheed Martin Corporation (NYSE:LMT). 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. It contributes 5.49% of his stocks, and therefore, it has a value of $7,679,000. $48 Million Total portoflio value. The hedge fund sentiment around the securities was assessed from Insider Monkeys Q3 2022 database of around 920 elite funds. 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.. These were called "NINJA loans": "No Income No Job". For FY 2023, the company expects net income to range from $58.0 million to $75.0 million, FFO per diluted share of $1.35 to $1.50, diluted EPS of $0.50 to $0.65, and EBITDA between $298.5 million to $313.5 million. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. 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. Michael Burry is a successful investor, hedge fund manager, and physician. A lower PEG could mean that a stock is undervalued. 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. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE: Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. Having its headquarters located in California, it functions with only six clients in total. However, he sold up in August, bagging an estimated $68 million profit. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. Israel Englanders Millennium Management is the leading stakeholder of the company, with 1.19 million shares worth $19.5 million. 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. These returns have duly contributed to the exceptional Michael Burry portfolio. Burry, a value investor, presumably bought into BBBY because he determined it was oversold and undervalued. So Im not quite sure why it has underperformed the broader market so significantly. 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. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. The company operates a regional airline in the United States and also leases regional jet aircraft and spare engines to third parties. And still the door is only so big.". 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. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. 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's calculated by multiplying the share price by the number of outstanding shares. 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. 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. Performance. Michael Burry is an American investor, and hedge fund manager. The Qurate group is not a traditional e-commerce platform, neither does it provide traditional stores in the marketplace and malls. It also provides mental health and rehabilitation facilities. A higher ratio indicates a higher risk. Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. 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%). ", 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.". It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. The video was published on Feb. 28, 2023. Western Digital Corporation is a company based in The United States of America that specializes in computer memory. We have mentioned the stocks Burry sold first, and ranked the remaining list in ascending order of his stake value. Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. 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. 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. However, Burry once again closed the bet over the next three months, meaning he got out before the meme-stock boom in January 2021. Along the way, I believe Biden could become one of the most powerful Presidents in history. The contribution of RPT Realty in his stock portfolio is 6.18% and has a substantial value of $8,650,000. We still like this investment. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. At the end of 2022, Scion only held nine stocks, and 56% of his portfolio was invested in . It functions as a cable operator and broadband connectivity provider, catering to both residential and commercial clients in the United States. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm. Several elite hedge funds are bullish on the company as a new fiscal year begins. Never miss a trade In this article, we discuss 13 stocks that Michael Burry is buying and selling. is a leading shareholder in Lockheed Martin Corporation (NYSE:LMT) with 561,512 shares worth more than $193 million. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. It operates through three segments CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. You can enter your email below to get our FREE report. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. My Top Michael Burry Stock to Buy Now in March, 1 Thing Everyone Missed About Alibaba's Quarter. The good news is, this powerful new force can help you make a lot of money even in a bear market. We initially share this idea in October 2018 and the stock already returned more than 150%. Discovery Inc. is a massive multinational media chain originating from America. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. 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). The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. All theaters are overcrowded and the only way anyone can get out is by trampling each other. Congrats to all those Autopilot'ing the Burry Portfolio, you should be up on this position too . Michael Burry, the California-born hedge fund manager with a background in biology, is one of the names that fits this description. The stock is currently selling for 66% of tangible book value. 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. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. Ratio between share price and earnings per share. 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. 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. On another occasion in 2018, by total assets, Wells Fargo became the fourth largest bank in the United States of America. In Q3 2022, Michael Burry purchased 132,561 shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) worth $5.30 million. In the third quarter of 2022, Michael Burry acquired 155,761 shares of Liberty Latin America Ltd. (NASDAQ:LILA) worth $958,000. "The fall in wealth is unsurprising given the dramatic pivot in monetary policy that culminated in the worst performance for the traditional blended portfolio . The Motley Fool has a disclosure policy. We recorded equity method earnings from our investment in Kraft Heinz of $95 million in 2020, $493 million in 2019 and losses of approximately $2.7 billion in 2018. For example S&P 500 Index returned 43.4% in 1958. Read the original article on Business Insider. 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. Burry sold his position in the company during Q4 2022. 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). In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. 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%. It is an integrated circuit maker, along with flash memory devices. He likely had no inkling that retail investors, eager to make some fast money and punish hedge funds, would pile into the stock and send it skyward. automatically! The business is highly predictable so there havent been any surprises on the operational front, and virtually all of its floating-rate debt has been swapped, thereby protecting it from this years rapid rise in interest rates. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. Wolverine World Wide, Inc. (NYSE:WWW) is a Michigan-based company that manufactures, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Sweaty Betty, Wolverine, and Stride Rite brands. The investor of "The Big Short" fame bought 50,000 . 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. 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 Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. 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. During 2000-2008, he logged returns, calculating up to 489.34%. The dividend is distributable on May 1, to shareholders of record on April 3. Burry swapped out all but two of the holdings in his US stock portfolio. It is a real estate investment trust that functions and trades on a public level. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. 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. Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 We initially share this idea in October 2018 and the stock already returned more than 150%. Michael Burry Performance Scion Asset Management, LLC Portfolio Never miss a trade. Lockheed Martin Corporation (NYSE:LMT) operates as an aerospace and defense firm. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock portfolio. 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. In this article, we discuss the 4 best stock picks and portfolio performance of Michael Burry. We still like this investment. 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.