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%. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. Please visit the "Summary" page to see the top 10 holdings, recent stock picks, performance, sector / industry breakdown details, as well as past holding history summary for Michael Burry. The active rig count in the U.S. is at all-time lows. 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. It has shown grand returns - as latest as reported in 2022, Dr. Michael Burry's holdings and portfolio are as large as approximately $104 million in AMU. A lower PEG could mean that a stock is undervalued. Copyrights 2021-2023 Valuesider All rights reserved. The average profit margin of the companies in this portfolio is 9.11%. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. QRTEA consists of seven brands that are always ahead of its competing forces. And it means its going to be harder than ever to hold onto any money you make. 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. He maintained a Hold rating on the shares. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. Scion Asset Managements Stake Value: $3,353,000. Indicates the relationship between the price performance of a share and the market. It has been a favorite hedge fund stock for years. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. All theaters are overcrowded and the only way anyone can get out is by trampling each other. The beta of the portfolio is 1.13. 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. 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. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. However, Burry once again closed the bet over the next three months, meaning he got out before the meme-stock boom in January 2021. 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. 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 $193 million. If you want to read our detailed analysis of these stocks, go directly to the Michael Burry Stock . Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. Click to skip ahead and . as well as other partner offers and accept our, Securities and Exchange Commission filing revealed. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. Among the hedge funds being tracked by Insider Monkey, New York-based firm. Alibaba and JD.com are both Chinese e-commerce businesses. 52-week lows, etc. The Geo Group is best known to own the immigrant detention centers in The United States. In this article, we examined Big Short's Michael Burry bets on 11 stocks amid his warning over the stock market collapse ahead. At the end of the third quarter of 2021, 248 hedge funds in the database of Insider Monkey held stakes worth $38 billion in Meta Platforms, Inc. (NASDAQ:FB). Burry sold all but one of his holdings in the second quarter of this year, after sounding the alarm on the "greatest speculative bubble of all time in all things" last summer, and warning owners of meme stocks and cryptocurrencies they were careening toward the "mother of all crashes. 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. Now Inc an American company whose parent company is Distribution Now makes 7.7% of his portfolio. The investor of "The Big Short" fame bought 50,000 . 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. In the third quarter of 2022, Michael Burry acquired 155,761 shares of Liberty Latin America Ltd. (NASDAQ:LILA) worth $958,000. 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). Michael Burry Performance Scion Asset Management, LLC Portfolio Never miss a trade. However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! Bank of America Global Research data. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. It is a real estate investment trust that functions and trades on a public level. The tweets of the investor have since been deleted, but remain a part of public record through the news outlets that covered them when they were made. 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. 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. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. In 2002, Scion was up 16%, while the S&P 500 fell 22.1%. We put 7 burning questions to top economist David Rosenberg. Michael Burry is an American investor, and hedge fund manager. Defensive positioning is the current theme of his portfolio . 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. On another occasion in 2018, by total assets, Wells Fargo became the fourth largest bank in the United States of America. Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. 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 company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. ", 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.". He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. The stock is currently selling for 66% of tangible book value. 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%). Read more:We put 7 burning questions to top economist David Rosenberg. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. $48 Million Total portoflio value. He added to the stake by 71% during the second quarter of 2021, buying nearly a million shares at an average price of $320 per share before selling off the position entirely during the third quarter. 14 min read. 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. to generate high returns in the 20% to 30% range. Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. When our award-winning analyst team has a . 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. The Kraft Heinz Company (NASDAQ:KHC) is one of the worlds largest manufacturers and marketers of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. Through a vast network of 245 locations, NOWs 300,000 SKU product offering addresses all segments of the energy value chain, from upstream E&Ps to midstream infrastructure to downstream refining, in addition to industrial end markets including chemicals, mining, utilities, and manufacturing. In 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. 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. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. Most of these channels are sold to media industries worldwide and are not only restricted to the televisions of Americans. Price to Book Ratio is the Market cap divided by the Book value of the company. Stock quotes provided by InterActive Data. Easily embed the chart on your blog or website it will always update 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. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. The value of Burry's portfolio jumped from about $3 million to over $41 million. You can get rich by returning 20% per year and compounding that for several years. He's now 51 years old. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. However, despite many misconceptions he is currently not a Billionaire officially yet. Currently, the most significant of these is our investment in the common stock of The Kraft Heinz Company (Kraft Heinz). Meme-stock specialist and GameStop chairman Ryan Cohen built a nearly 10% stake in the first quarter of last year, fueling hopes he might engineer a comeback for the retailer. 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 . Burry, whose bet against subprime mortgages . 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. For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. 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. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. We utilize no bright-line tests in such evaluations. The popular investment manager has been vocal on social media telling investors to sell their stocks and. He cashed out all of his BBBY shares by mid-August, making roughly $110 million. However, it has streamlined its business since the last oil and gas downturn and expects reduced operating losses this round. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. Lumen Technologies does not only deliver its services in The States; but, over the years, it has extended to Europe and the Middle East. A higher ratio indicates a higher risk. 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. Market experts who closely follow Burry claim that this is a sign that he is preparing for a crash. During the third quarter, this position was sold off entirely. It was recorded between 2015 and 2016, that fundholding maximized to $100 million. Michael Burry is widely known for predicting the 2008 Financial Crisis & Housing bubble, popularised in the Oscar Winning Movie "The Big Short" (2015). 13F quarterly reports, 13D/G beneficial ownership reports and form 4 insider ownership change reports. The answer is water. Warren Buffett took 25% of all returns in excess of 6 percent. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. 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. Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 Michael Burry did not buy any new stocks in the current portfolio. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Safe Stocks to Buy Hand Over Fist in 2023, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Please visit the "Stock Picks" tab to see the latest guru trades and stock picks for Michael Burry, which include data from This stake is worth more than $1.1 million and consists of 150,000 shares. If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . On January 9, Truist analyst Michael Ciarmoli raised the firm's price target on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to $58 from $45. Michael Burry is a successful investor, hedge fund manager, and physician. Furthermore, Qurate Retail Group can reach 218 homes across the globe, just by using the television. Berkshire and its subsidiaries hold investments in certain businesses that are accounted for pursuant to the equity method. , an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Some of these brands are HSN, Garnet Hill, and Ballard Designs. 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. These were called "NINJA loans": "No Income No Job". 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. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. Uniti Group Inc. is a real estate investment trust, headquartered in America. 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. Access your favorite topics in a personalized feed while you're on the go. He was only holding Geo group Inc. stock in the second quarter of 2022. The success of Burry is an exception in the world of finance that. In addition to that, it also owns 7 million fiber strand miles and many other components of the communication sector throughout The States. Get our editors daily picks straight in your inbox! Indicates a company's profitability in relation to its total assets. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. Market cap divided by the revenue in the most recent year. 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. Western Digital Corporation is a company based in The United States of America that specializes in computer memory. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. Scion Asset Managements Stake Value: $2,445,000 (After a 70% Decline in Stake in Q4). 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. Burry added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 million. It contributes 5.49% of his stocks, and therefore, it has a value of $7,679,000. William Crowley, William Harker, and Stephen Blass, Steel City Capital made the following comment about Liberty Latin America Ltd. (NASDAQ:LILA) in its Q3 2022 investor, 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. It is reported that in GameStop, he reported 1.7 million shares, and his returns peaked at a value of $271 million. automatically! The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors. @burrytracker. Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. We received dividends from Kraft Heinz of $521 million in each of 2020 and 2019 and $814 million in 2018, which we recorded as reductions in our carrying value. Michael Burry, the hedge fund . When energy companies reduce activity, NOW suffers. The Qurate group is not a traditional e-commerce platform, neither does it provide traditional stores in the marketplace and malls. Therefore, it would not be shocking to see Michael Burrys returns rocketing up by large numbers. The Scion Asset Management chief also built a $10 million stake in Qurate Retail, and established smaller positions in Aerojet Rocketdyne, Charter Communications, Corecivic, and Liberty Latin America. 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. 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. His opinions remain his own and are unaffected by The Motley Fool. 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. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. 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. So Im not quite sure why it has underperformed the broader market so significantly. All Rights Reserved. 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 . 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. 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. Other services imparted, cater to voice coverage and security. It occupies a good share of 5.94% in his investments, totaling a value of $8,309,000. In this article, we discuss the 10 stocks to sell according to Michael Burry. Burry's Scion Asset Management also purchased 100,000 shares of MGM, a position worth $3.4 million at last quarter's close. The company operates a regional airline in the United States and also leases regional jet aircraft and spare engines to third parties. "The fall in wealth is unsurprising given the dramatic pivot in monetary policy that culminated in the worst performance for the traditional blended portfolio . 9.47% 3-Year Performance. 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. SBC) and theres a line-of-sight to $300+ million (ex. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. 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. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Disclosure. It indicates the company's profitability. 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. However, they were still rated AAA (Investment grade) by many credit Agencies! Similarly, a college student named Jake Freeman revealed a 6.2% stake in late July. The Motley Fool has a disclosure policy. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. Yet Burry tweeted an apparent warningthat the agreement could end badly. Burry's new positions are as follows: Charter Communications ( CHTR) CoreCivic Inc. ( CXW) Aerojet Rocketdyne Holdings Inc. ( AJRD) Liberty Latin America ( LILA) Qurate Retail ( QRTEA) In addition, Michael Burry increased his position in GEO Group ( GEO) by more than three times. Between June and September, the portfolio value of Scion Asset Management decreased from $140 million to just $41 million. The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. So, what did Michael Burry invest in for Big Short? 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. *Average returns of all recommendations since inception. highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. Since 2015, Michael Burrys 13f filing has been coming out to educate the world on investing. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. Never miss a trade The top 5 stocks still make up about 76% of the total . In this regard, the Geo group has raised its value up to $7,488,000. 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. feet. If you want to see more stocks in this selection, check out 5 Stocks Big Short Michael Burry Is Buying and Selling. Invest better with The Motley Fool. On February 2, SkyWest, Inc. (NASDAQ:SKYW) reported its fourth quarter results, falling short of Wall Street consensus. Since 2013, Michael Burry's earnings have come from his second founded firm, Scion Asset Management. My Top Michael Burry Stock to Buy Now in March | Super Investors. Fundamental company data provided by Morningstar, updated daily. Several elite hedge funds are bullish on the company as a new fiscal year begins. Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) is a California-based company that designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them.
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michael burry portfolio performance