2022.08.24 WednesdayInvest better with The Motley Fool. Percentage of Stake Sold in Q4 2022: 100%. 214.91% 10-Year Performance . The forward yield was 2.65%. Michael Burry has invested in some of the most spread-out and wealthiest companies in all the U.S. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. 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. The Qurate group is not a traditional e-commerce platform, neither does it provide traditional stores in the marketplace and malls. Yet Burry tweeted an apparent warningthat the agreement could end badly. Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. 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.. 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. Scion Asset Management has disclosed a total of 9 security holdings in their (2022 Q4) SEC 13F filing(s) with portfolio value of $46,536,925. Read more:We put 7 burning questions to top economist David Rosenberg. He has also cautioned that the Fed may hesitate to intervene in order to support asset prices, as it could intensify inflation. 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. Here you can find the latest trades based on Burry's 13F filings and insider trades. 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? However, despite many misconceptions he is currently not a Billionaire officially yet. 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. Israel Englanders Millennium Management is the leading stakeholder of the company, with 1.19 million shares worth $19.5 million. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. When energy companies reduce activity, NOW suffers. Michael Burry said there will be "terrible consequences" if student debt is cancelled. The company operates through three segments Las Vegas Strip Resorts, Regional Operations, and MGM China. It indicates the company's profitability. Feb 9. Scion Asset Managements Stake Value: $2,445,000 (After a 70% Decline in Stake in Q4). The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. Burry also made famous multi-million dollar bearish bets against Tesla, Inc. (NASDAQ:TSLA) and ARK Innovation ETF (NYSE:ARKK), famously sparring with Elon Musk, the owner of the former, and Cathie Wood, the investor whose hedge fund, ARK Investment Management, is behind the latter. 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. It functions as a cable operator and broadband connectivity provider, catering to both residential and commercial clients in the United States. 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 beta of the portfolio is 1.13. The Partnership has been a buyer at these levels., Scion Asset Managements Stake Value: $2,063,750. Burry added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 million. 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. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. If you want to see more stocks in this selection, check out 5 Stocks Big . Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. 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. The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. 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. SBC) and theres a line-of-sight to $300+ million (ex. 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. As the Supreme Court considers President Joe Biden's student loan forgiveness plan, Burry wrote in a series . 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. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. Most recent portfolio value is calculated to be $ 46,536,925 USD. Read more:A Michael Burry expert breaks down what makes the 'Big Short' investor special. 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. 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." In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. His opinions remain his own and are unaffected by The Motley Fool. The chief of Scion Asset Management 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. These are known to operate beyond the U.S. borders. , an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. feet. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm Berkshire Hathaway is a leading shareholder in The Kraft Heinz Company (NASDAQ:KHC) with 325 million shares worth more than $12 billion. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Furthermore, Qurate Retail Group can reach 218 homes across the globe, just by using the television. Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealedon Tuesday. Williams Trading analyst Sam Poser on January 16 upgraded Wolverine World Wide, Inc. (NYSE:WWW) to Buy from Hold with a price target of $18, up from $13. QRTEA consists of seven brands that are always ahead of its competing forces. It owns and manages casino, hotel, and entertainment resorts in the United States and Macau. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are. 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. 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. We initially share this idea in October 2018 and the stock already returned more than 150%. 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. 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. Through other media forums, such as apps and websites, QRTEA can reach even more people globally. Back then they werent called hedge funds, they were called partnerships. as well as other partner offers and accept our, Securities and Exchange Commission filing. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors. Michael Burry is capturing headlines recently for predicting another stock market crash. Bury has a net worth of $300 million and his hedge fund has a ten-year return of 326%, one of the most successful on Wall Street. At least in BBBY's case, he was right on the money. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. The Asia Pacific and Africa are also other countries where LUMN operates. You can enter your email below to get our FREE report. The market value of the company. 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. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. is originally published on Insider Monkey. The dividend is distributable on May 1, to shareholders of record on April 3. Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. If you choose to subscribe throughfool.com/parkev, he will earn some extra money that supports his channel. This years free cash flow guide is for $120 million (ex. . 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. However, he sold up in August, bagging an estimated $68 million profit. 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. The rate at which the company's net income has increased to the same quarter one year ago. The turnover rate is 70%. It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. We still like this investment. Similarly, a college student named Jake Freeman revealed a 6.2% stake in late July. Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. Click to skip ahead and . It is one of the most popular stocks among hedge funds. 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. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. Net income divided by revenue of the last 4 quarters. 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. Disclosure: None. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. Because of its high-end worth. 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. Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. 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. Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock portfolio. He was only holding Geo group Inc. stock in the second quarter of 2022. 13F quarterly reports, 13D/G beneficial ownership reports and form 4 insider ownership change reports. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. 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. 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. Channels lying in the dominion of DISCA are Animal and Science Planet, Discovery Channel, and TLC. 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). 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. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. 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. WDCs headquarters are situated in California, USA, regulating the manufacturing of hard disk drives. Market experts who closely follow Burry claim that this is a sign that he is preparing for a crash. The average profit margin of the companies in this portfolio is 9.11%. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. 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. Disclosure. However, it has streamlined its business since the last oil and gas downturn and expects reduced operating losses this round. The percentage indicates the payout in relation to the share price. Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. Today, Burry still regularly invests through his fund Scion Asset Management, although he's pretty choosy. Below is the Michael Burry portfolio today based on the 3rd quarter 13f filing as of 9/30/22 with the SEC. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. These were called "NINJA loans": "No Income No Job". Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. 52-week lows, etc. The Motley Fool has a disclosure policy. *Average returns of all recommendations since inception. 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. Making the world smarter, happier, and richer. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks is originally published on Insider Monkey. 15 Dividend Growth Stocks with Highest Rates, 10 Most Promising EV Battery Stocks to Buy. 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. S&P 500 Index lost 10.8% in 1957, so Buffetts investors actually thrilled to beat the market by 20.1 percentage points in 1957. Michael Burry, the hedge fund . My Top Michael Burry Stock to Buy Now in March | Super Investors. Pason and NOW represent our fourth and fifth investments in the energy sector. That would have been 9.35% in hedge fund fees. The stock is currently selling for 66% of tangible book value. Widely known to function as a telecommunications company, Lumen Technologies is a company based in America. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. Scion exited the wager during the next quarter, only to reinvest a few months later, filings show. Burry, whose bet against subprime mortgages . 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%. 1-Year Performance. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . 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. The fund's top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. 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. Additionally, this management of the clients investments, ensures that success rates of the clients also go up. Here is what the fund said: Despite better-than-expected third quarter results, LMT shares were weak for the quarter as defense spending is expected to be flat for the coming year. Michael Burry is a successful investor, hedge fund manager, and physician. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Burry isn't the only notable investor to show interest in BBBY. Nonetheless, it has still managed to attain over $386.9 million in Assets Under Management (AUM). date of 2022-12-31. 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. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. 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, New York-based firm. "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. Other services imparted, cater to voice coverage and security. We utilize no bright-line tests in such evaluations. He bought 75,000 shares of Chinese e-commerce firm JD.com, Inc. (NASDAQ:JD) and 50,000 shares of Chinese technology giant Alibaba Group Holding Limited (NYSE:BABA) in the December quarter. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. 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. Burry swapped out all but two of the holdings in his US stock portfolio. Now Inc an American company whose parent company is Distribution Now makes 7.7% of his portfolio. However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. 9.47% 3-Year Performance. When considering our timing, we concluded, if not now, when? He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. Burry's purchases suggest he remained bullish last quarter. SBC) by 2024, meaning shares have been trading in a range of 4-6x price to free cash flow. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. MGM Resorts International (NYSE:MGM) was incorporated in 1986 and is based in Las Vegas, Nevada.
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