The forward yield was 2.65%. 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 contribution of RPT Realty in his stock portfolio is 6.18% and has a substantial value of $8,650,000. 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. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm. In this article, we discuss 13 stocks that Michael Burry is buying and selling. 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.. 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). Apparently, in 2004, Michael Burry had to stop taking on new work because he was already trying to handle $600 million. Registration on or use of this site constitutes acceptance of our. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! 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. The video was published on Feb. 28, 2023. The current portfolio value is calculated to be $47.00 Mil. However, they were still rated AAA (Investment grade) by many credit Agencies! Alibaba and JD.com are both Chinese e-commerce businesses. QRTEA consists of seven brands that are always ahead of its competing forces. Some of these brands are HSN, Garnet Hill, and Ballard Designs. We still like this investment. It operates in two segments, Aerospace and Defense, and Real Estate. 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. Stock quotes provided by InterActive Data. You can get rich by returning 20% per year and compounding that for several years. We see several investors trying to strike it rich in options market by risking their entire savings. The market value of the company. 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. It is safe to say, it can also produce world-class SSDs thereby, having close competition with Micron Technology, as well as Seagate Technology. And still the door is only so big.". The hedge fund sentiment around the securities was assessed from Insider Monkeys Q3 2022 database of around 920 elite funds. Michael Burry, the hedge fund . Performance. The locations of these centers are Florida, Chicago, Minnesota, and Ohio. 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. Fundamental company data provided by Morningstar, updated daily. Burry's purchases suggest he remained bullish last quarter. 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 success of Burry is an exception in the world of finance that. During the third quarter, this position was sold off entirely. Between June and September, the portfolio value of Scion Asset Management decreased from $140 million to just $41 million. "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. 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. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. The dividend is distributable on May 1, to shareholders of record on April 3. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. . 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. Berkshire and its subsidiaries hold investments in certain businesses that are accounted for pursuant to the equity method. He's now 51 years old. The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. Michael burry saw that ultimately fundamentals would bring the truth about the real value of these securities and many would plummet to zero! His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. In this article, we discuss 13 stocks that Michael Burry is buying and selling. 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. Scion Asset Managements Stake Value: $2,445,000 (After a 70% Decline in Stake in Q4). Therefore, it is safe to say that Michael Burrys wealth has accumulated through investment stocks. Among the hedge funds being tracked by Insider Monkey, New York-based firm. Burry then added to that stake in the first and second quarter of 2021, increasing it by 99% and 21% respectively. It's calculated by multiplying the share price by the number of outstanding shares. 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. If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . Past performance is a poor indicator of future performance. 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. Since 2015, Michael Burrys 13f filing has been coming out to educate the world on investing. Earlier in August, Burry had also sparred with Wood. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. These were called "NINJA loans": "No Income No Job". 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. 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. 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 owns and manages casino, hotel, and entertainment resorts in the United States and Macau. Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. Israel Englanders, 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. Bank of America Global Research data. Out of these private investment funds, investors may be individuals with high net worth, a fund of hedge funds, and organizations indulged in charity work. Burry recently shared 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. Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. The Scion Asset Management chief warned of a dramatic decline in stocks, and forecasted. Scion Asset Management, according to its Q1 2022 portfolio, owned a $17.97 million stake in the company consisting of 75,000 shares, which represented 8.92% of its total holdings. 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. 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. Michael Burry added SkyWest, Inc. (NASDAQ:SKYW) to his Q4 portfolio by acquiring 125,000 shares worth $2.06 million. 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). It was recorded between 2015 and 2016, that fundholding maximized to $100 million. We selected the 13 stocks from Michael Burrys Q4 2022 portfolio which he either sold off entirely, trimmed his position in, or added to his holdings during the quarter. 338.80% 5-Year Performance. The Geo Group is best known to own the immigrant detention centers in The United States. a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything. Michael Burry is capturing headlines recently for predicting another stock market crash. Warren Buffett took 25% of all returns in excess of 6 percent. Burry isn't the only notable investor to show interest in BBBY. Therefore, it would not be shocking to see Michael Burrys returns rocketing up by large numbers. It is one of the most popular stocks among hedge funds. Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock portfolio. The Asia Pacific and Africa are also other countries where LUMN operates. 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." The top 5 stocks still make up about 76% of the total . He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. He maintained a Hold rating on the shares. Easily embed the chart on your blog or website it will always update 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. None. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. 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. 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. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors. 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. In light of this fact, we evaluated our investment in Kraft Heinz for impairment. Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. 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. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. Now Inc an American company whose parent company is Distribution Now makes 7.7% of his portfolio. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. He was only holding Geo group Inc. stock in the second quarter of 2022. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. 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. Below is the Michael Burry portfolio today based on the 3rd quarter 13f filing as of 9/30/22 with the SEC. However, Burry once again closed the bet over the next three months, meaning he got out before the meme-stock boom in January 2021. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. 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. @burrytracker. Price to Book Ratio is the Market cap divided by the Book value of the company. Berkshire currently owns 325,442,152 shares of Kraft Heinz common stock representing 26.6% of the outstanding shares. Other services imparted, cater to voice coverage and security. Fourth quarter adjusted EBITDA of $5.5 billion grew by 1.9% year-over-year. Similarly, a college student named Jake Freeman revealed a 6.2% stake in late July. A higher ratio indicates a higher risk. Michael Burry. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. 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. 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 addition to that, it also owns 7 million fiber strand miles and many other components of the communication sector throughout The States. The company is a new holding in the portfolio of Scion Asset Management. 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. 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. 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. 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. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. However, the ratio is difficult to compare between industries where common amounts of debt vary. If you choose to subscribe throughfool.com/parkev, he will earn some extra money that supports his channel. is originally published on Insider Monkey. For example S&P 500 Index returned 43.4% in 1958. We have mentioned the stocks Burry sold first, and ranked the remaining list in ascending order of his stake value. 15 Dividend Growth Stocks with Highest Rates, 10 Most Promising EV Battery Stocks to Buy. 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. Burry's Scion firm held a $8 million stake in September 2019, and a $10 million stake in June 2020. DISCA contributes largely to his investments, having a numeral share of 5.38% and a value of $7,523,000. NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. 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. We believe the financial strength of our holdings is far above the typical energy company. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. Michael Burry has invested in some of the most spread-out and wealthiest companies in all the U.S. 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'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. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. Burry, a value investor, presumably bought into BBBY because he determined it was oversold and undervalued. The idea between these securities is risk was "supposed" to be diversified. It is a real estate investment trust that functions and trades on a public level. He launched his hedge fund in 1956 with $105,100 in seed capital. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio The rate at which the company's net income has increased to the same quarter one year ago. 1-Year Performance. It is also in the lead of the mobile and social commerce race. 214.91% 10-Year Performance . 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. This reopening followed nearly three years of restrictions on travel and commerce. Disclosure: None. The good news is, this powerful new force can help you make a lot of money even in a bear market. 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. SBC) and theres a line-of-sight to $300+ million (ex. Currently, the most significant of these is our investment in the common stock of The Kraft Heinz Company (Kraft Heinz). Market cap divided by the revenue in the most recent year. 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. 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. Michael Burry did not buy any new stocks in the current portfolio. Please visit the "Current Portfolio" tab to see the current and past 13F holdings for Michael Burry, as well as holding map, 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. "It's time memesters look up what a death spiral convertible is," he said. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. In the coming years, it can be said with conviction that Michael Burrys stocks portfolio is only to prosper more. 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 . Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. 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 Michael Burry expert breaks down what makes the 'Big Short' investor special. The analyst noted that a focus on higher margin manufacturers and end markets was driving this improvement for NOW Inc. (NYSE:DNOW) that looked set to continue in 2022. 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. Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. 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. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. GuruFocus.com is not operated by a broker or a dealer. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. 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. Its selling for half of book value. Unlike Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD), Michael Burry got rid of his position in Rocketdyne Holdings, Inc. (NYSE:AJRD) during the last quarter of 2022. 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. Deutsche Bank analyst Carlo Santarelli on February 9 raised the firm's price target on MGM Resorts International (NYSE:MGM) to $53 from $49 and kept a Buy rating on the shares. 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. The total net worth of Michael Burry comes out to be $300 million. 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. Michael Burry is capturing headlines recently for predicting another stock market crash. 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. Michael Burry is a successful investor, hedge fund manager, and physician. 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. Steel City Capital made the following comment about Liberty Latin America Ltd. (NASDAQ:LILA) in its Q3 2022 investor letter: Liberty Latin America Ltd. (NASDAQ:LILA) has been a dog this year, declining nearly 45% through the end of the third quarter. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. Never miss a trade The company sells these stocks too, which generally are pipes, valves, tools, and instruments. Data from around 900 elite hedge funds tracked by Insider Monkey was used to identify the number of hedge funds that hold stakes in each firm. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe.