michael burry portfolio performance

Western Digital Corporation is a company based in The United States of America that specializes in computer memory. 52-week lows, etc. We still like this investment. It also provides mental health and rehabilitation facilities. It is one of the service providers of wireless functions and operations and is currently at the forefront of such providers. The popular investment manager has been vocal on social media telling investors to sell their stocks and. The company has been thriving since 1993 and is venturing into Canada too. 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 these private investment funds, investors may be individuals with high net worth, a fund of hedge funds, and organizations indulged in charity work. 9.47% 3-Year Performance. 214.91% 10-Year Performance . 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. Here are the top ways the world's ultra-rich spent their money last Overall, Scion grew its US stock portfolio from six positions to nine, and its total value swelled by 13% to about $47 million. Defensive positioning is the current theme of his portfolio . 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 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. Several elite hedge funds are bullish on the company as a new fiscal year begins. Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. 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. Source: 13F filing, Author. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. 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. Access your favorite topics in a personalized feed while you're on the go. Among the hedge funds being tracked by Insider Monkey, New York-based firm. 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 operates a regional airline in the United States and also leases regional jet aircraft and spare engines to third parties. Other types of investors are foundations and trusts, businesses, and family offices. Michael Burry reveals new stock bets after previously dumping entire Its distributions are conferred to many international countries, including Canada. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. Warren Buffett took 25% of all returns in excess of 6 percent. Time will tell, but to paraphrase country music artist Merle Haggard, we do not yet think cables good times are really over for good.. Ken Griffins Citadel Investment Group held the largest position in the company, consisting of 1.5 million shares worth $13.8 million. The carrying value of our investment was approximately $13.3 billion at December 31, 2020 and $13.8 billion at December 31, 2019. Portfolio 9 Options 0 Performance. The video was published on Feb. 16, 2023. It was recorded between 2015 and 2016, that fundholding maximized to $100 million. 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. Similarly, a college student named Jake Freeman revealed a 6.2% stake in late July. 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. Fourth quarter adjusted EBITDA of $5.5 billion grew by 1.9% year-over-year. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. Michael Burry Portfolio 2023 Scion Asset Management - DATAROMA Disclosure. "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. Burry had accurately predicted the collapse of both these bubbles. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. Most recent portfolio value is calculated to be $ 46,536,925 USD. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Yearly payout to shareholders per share. The answer is water. 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. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. 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. 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). On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. 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. It operates through three segments CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. My Top Michael Burry Stock to Buy Now in March | Nasdaq Alibaba and JD.com are both Chinese e-commerce businesses. 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. Meanwhile, at the latest, Michael Burrys investments in GameStop have earned him a gain of 1,500%. The total net worth of Michael Burry comes out to be $300 million. Liberty Latin America Ltd. (NASDAQ:LILA) provides fixed, mobile, and subsea telecommunications services. With a record $150 billion backlog and almost 30% of its revenue coming from building F-35 aircraft with deliveries forecast to reach 180 per year in 4-5 years (3Qs revenue upside was from the F-35), we believe LMT should grow at a higher rate than overall defense budget growth and Street expectations over the next several years. All Rights Reserved. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. These are known to operate beyond the U.S. borders. On January 9, Truist analyst Michael Ciarmoli raised the firm's price target on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to $58 from $45. The contribution of RPT Realty in his stock portfolio is 6.18% and has a substantial value of $8,650,000. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. These returns have duly contributed to the exceptional Michael Burry portfolio. Michael Burry Portfolio and News | GuruFocus He's also compared the stock market's rally this year to the dot-com bubble, and cautioned meme-stock buyers. Earlier in August, Burry had also sparred with Wood. 338.80% 5-Year Performance. It is one of the most popular stocks among hedge funds. If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . Along the way, I believe Biden could become one of the most powerful Presidents in history. An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). The fund's top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. 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. 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. It's calculated by multiplying the share price by the number of outstanding shares. Michael Burry Stock Tracker on Twitter: "Burry Portfolio Update: The On January 10, Wells Fargo analyst Matthew Akers maintained an Equal Weight rating on Lockheed Martin Corporation (NYSE:LMT) stock and raised the price target to $379 from $340, underlining that new programs that were transitioning to production would cut the risks to legacy rotorcraft platforms marketed by the firm. MGM Resorts International (NYSE:MGM) was incorporated in 1986 and is based in Las Vegas, Nevada. Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. 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 information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Pason and NOW represent our fourth and fifth investments in the energy sector. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. According to Insider Monkeys third quarter database, 26 hedge funds were bullish on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), with combined stakes worth $704.2 million. 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. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio We still like this investment. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. Our largest energy holding is Helmerich & Payne, the nations largest drilling contractor. The locations of these centers are Florida, Chicago, Minnesota, and Ohio. 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. Reported in March of 2022 UNIT held more than 125,000 fiber route miles. 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. GuruFocus.com is not operated by a broker or a dealer. 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 has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. 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. Michael Burry is widely known for predicting the 2008 Financial Crisis & Housing bubble, popularised in the Oscar Winning Movie "The Big Short" (2015). Israel Englanders Millennium Management is the leading stakeholder of the company, with 1.19 million shares worth $19.5 million. This years free cash flow guide is for $120 million (ex. The top 5 stocks still make up about 76% of the total . Burry's Scion Asset Management also purchased 100,000 shares of MGM, a position worth $3.4 million at last quarter's close. 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. DISCA contributes largely to his investments, having a numeral share of 5.38% and a value of $7,523,000. We utilize no bright-line tests in such evaluations. The hedge fund sentiment around the securities was assessed from Insider Monkeys Q3 2022 database of around 920 elite funds. Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. Michael Burry. His opinions remain his own and are unaffected by The Motley Fool. From his first company, Michael Burry was able to earn huge profits and positive returns from the beginning for his investors. Meta Platforms, Inc. (NASDAQ:FB) has featured in the Scion portfolio since early 2020. Because of its high-end worth. Most of these channels are sold to media industries worldwide and are not only restricted to the televisions of Americans. Burry sold his position in the company during Q4 2022. We initially share this idea in October 2018 and the stock already returned more than 150%. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors. Learn More. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. 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. On November 4, BofA analyst Jason Haas downgraded Qurate Retail, Inc. (NASDAQ:QRTEA) to Underperform from Neutral with a price target of $1.20, down from $4, after the company reported below-consensus Q3 revenue and OIBDA. The current portfolio value is calculated to be $47.00 Mil. , is behind the latter. 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 2018, it gained an enormous revenue of $39.8 billion. He's also known for investingin GameStop before it became a meme stock,betting against Elon Musk's Tesla and Cathie Wood's flagship Ark fund last year, and making grim predictions about market crashes and economic catastrophes. He has even said that he even owns some coins. What did Warren Buffett Add to his Portfolio? | by Viranchi Aggarwal 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%). feet. Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock portfolio. Sorry, no results has been found matching your query. 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. Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. The investor of "The Big Short" fame bought 50,000 . Burry stopped betting against Cathie Wood's ARK and Tesla. "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 bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. 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. My Top Michael Burry Stock to Buy Now in March | Super Investors. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. Please visit the "Current Portfolio" tab to see the current and past 13F holdings for Michael Burry, as well as holding map, 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. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. 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. NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. QRTEA consists of seven brands that are always ahead of its competing forces. Lockheed Martin Corporation (NYSE:LMT) operates as an aerospace and defense firm. Burry then added to that stake in the first and second quarter of 2021, increasing it by 99% and 21% respectively. It has shown grand returns as latest as reported in 2022, Dr. Michael Burrys holdings and portfolio are as large as approximately $104 million in AMU. In this regard, the Geo group has raised its value up to $7,488,000. 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. Shares, change to shares, sold shares - split-adjusted. 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. "It's time memesters look up what a death spiral convertible is," he said. Feb 9. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. During 2000-2008, he logged returns, calculating up to 489.34%. 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. 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. 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. 'Big Short' Michael Burry in 2022: Crash, Recession, Stocks, Tesla Apparently, in 2004, Michael Burry had to stop taking on new work because he was already trying to handle $600 million. Its selling for half of book value. Discovery Inc. is a massive multinational media chain originating from America. In which he had credit default swap short positions against "Mortgage Backed Securities. To add to its success story, it is one of the 10 best e-commerce companies in America. 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. It owns and manages casino, hotel, and entertainment resorts in the United States and Macau. And still the door is only so big.". 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. valuations for each stock, which positions are undervalued, have low PE Ratios, are considered high quality and recently traded at 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%). 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 is also in the lead of the mobile and social commerce race. The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Read more:We put 7 burning questions to top economist David Rosenberg. 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. Hence, they collect and combine all these goods and portray their rich history through effectively utilizing media, providing an impactful shopping experience to its clients and customers. The percentage indicates the payout in relation to the share price. If you choose to subscribe throughfool.com/parkev, he will earn some extra money that supports his channel. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June . The success of Burry is an exception in the world of finance that. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. This reopening followed nearly three years of restrictions on travel and commerce. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. At least in BBBY's case, he was right on the money. 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. Burry, whose bet against subprime mortgages . Market experts who closely follow Burry claim that this is a sign that he is preparing for a crash. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. Who Should I Start Fantasy Football Half Ppr, Potts Of Gartness, Articles M