Read more:We put 7 burning questions to top economist David Rosenberg. This years free cash flow guide is for $120 million (ex. 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. Market experts who closely follow Burry claim that this is a sign that he is preparing for a crash. The company has a sweeping influence on sellers of America, owning 49 shopping centers in the country in total, meaning that the land owned by RPT is approximately 11.9 million sq. It's calculated by multiplying the share price by the number of outstanding shares. He's also known for betting againstElon Musk'sTeslaand Cathie Wood'sArk Innovation fund last year, and forinvestinginGameStop before it skyrocketed in January 2021 and kickstarted the meme-stock craze. It operates through three segments CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. 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. However, Burry once again closed the bet over the next three months, meaning he got out before the meme-stock boom in January 2021. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. Scion exited the wager during the next quarter, only to reinvest a few months later, filings show. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. You can get rich by returning 20% per year and compounding that for several years. The beta of the portfolio is 1.13. Nonetheless, it has still managed to attain over $386.9 million in Assets Under Management (AUM). In this article, we discuss 13 stocks that Michael Burry is buying and selling. The company has been thriving since 1993 and is venturing into Canada too. 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. Burry's purchases suggest he remained bullish last quarter. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Burry swapped out all but two of the holdings in his US stock portfolio. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. 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. 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. The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. Gurus may be added or dropped from the GuruFocus site at any time. That means much bigger government. 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 The Big Short had a very eventful 2021. Meta Platforms, Inc. (NASDAQ:FB) develops and markets products that enable people to connect. Analytical Laboratory Instrument Manufacturing, Crude Petroleum and Natural Gas Extraction, All Other Miscellaneous Chemical Product and Preparation Manufacturing, Biological Product (except Diagnostic) Manufacturing, Semiconductor and Related Device Manufacturing, Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers, Offices of Real Estate Agents and Brokers, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Commercial and Institutional Building Construction. 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. Fourth quarter adjusted EBITDA of $5.5 billion grew by 1.9% year-over-year. Overall, Scion grew its US stock portfolio from six positions to nine, and its total value swelled by 13% to about $47 million. Bank of America Global Research data. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. However, they were still rated AAA (Investment grade) by many credit Agencies! BBBY was its sixth-largest position out of eight total holdings, and made up 13% of its $60 million US stock portfolio at the time. The idea between these securities is risk was "supposed" to be diversified. In addition to Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD), Burry added MGM Resorts International (NYSE:MGM) to his portfolio during the December quarter. It was recorded between 2015 and 2016, that fundholding maximized to $100 million. Click to skip ahead and . That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Western Digital Corporation is a company based in The United States of America that specializes in computer memory. According to Insider Monkeys Q3 data, 17 hedge funds were long CoreCivic, Inc. (NYSE:CXW), with combined stakes worth $57.4 million. At least in BBBY's case, he was right on the money. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. The Qurate group is not a traditional e-commerce platform, neither does it provide traditional stores in the marketplace and malls. 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%). 9 min read. Now Inc an American company whose parent company is Distribution Now makes 7.7% of his portfolio. Time will tell, but to paraphrase country music artist Merle Haggard, we do not yet think cables good times are really over for good.. JPMorgan analyst . 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). 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). 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 2018, it gained an enormous revenue of $39.8 billion. Michael Burry made an estimated $300 million net worth by correctly predicting the housing market crash of 2008 Burry's current investments are gold, farmland, private prisons, tech stocks, and cash Farmland has historically outpaced traditional investments and has a negative correlation to stocks As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. He has previously advised investors to "sell" and warned that the S&P 500 could drop by over 50% to around 1,900 points. It functions as a cable operator and broadband connectivity provider, catering to both residential and commercial clients in the United States. At its recent price of only $30 per share, we believe MGMs valuation is compelling at only 6 times 2023 estimated cash flow., Scion Asset Managements Stake Value: $3,892,184. The locations of these centers are Florida, Chicago, Minnesota, and Ohio. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. 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. 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. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. Access your favorite topics in a personalized feed while you're on the go. In the third quarter of 2022, Michael Burry acquired 155,761 shares of Liberty Latin America Ltd. (NASDAQ:LILA) worth $958,000. The active rig count in the U.S. is at all-time lows. feet. Indicates a company's profitability in relation to its total assets. Wolverine World Wide, Inc. (NYSE:WWW) is a Michigan-based company that manufactures, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Sweaty Betty, Wolverine, and Stride Rite brands. The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. Between June and September, the portfolio value of Scion Asset Management decreased from $140 million to just $41 million. to generate high returns in the 20% to 30% range. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. The popular investment manager has been vocal on social media telling investors to sell their stocks and. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. If you choose to subscribe throughfool.com/parkev, he will earn some extra money that supports his channel. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). 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. Burry then added to that stake in the first and second quarter of 2021, increasing it by 99% and 21% respectively. 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). "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. The percentage indicates the payout in relation to the share price. 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. 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. 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's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June 2020. 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. However, we will continue to monitor this investment and it is possible that an impairment loss will be recorded in earnings in a future period based on changes in facts and circumstances or intentions.. ", The Scion boss shot to fame after his billion-dollar wager against the mid-2000s housing bubble was immortalized in the book and movie "The Big Short.". It contributes 5.49% of his stocks, and therefore, it has a value of $7,679,000. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. 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%. A lower PEG could mean that a stock is undervalued. Defensive positioning is the current theme of his portfolio . Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. He's also compared the stock market's rally this year to the dot-com bubble, and cautioned meme-stock buyers. Past performance is a poor indicator of future performance. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. However, he sold up in August, bagging an estimated $68 million profit. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. At the end of 2022, Scion only held nine stocks, and 56% of his portfolio was invested in . My Top Michael Burry Stock to Buy Now in March, 1 Thing Everyone Missed About Alibaba's Quarter. 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. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. @burrytracker. 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. 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. $48 Million Total portoflio value. Below is the Michael Burry portfolio today based on the 3rd quarter 13f filing as of 9/30/22 with the SEC. He was right, This was the 2008 Financial Crisis, Housing Bubble which resulted in the collapse of Lehman brothers investment bank & a major stock market crash! Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. The form of media delivered by DISCA is television channels, and unlike most television channels displaying fictional shows, DISCA owns a chain of factual channels for general knowledge and awareness purposes. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. On February 2, SkyWest, Inc. (NASDAQ:SKYW) reported its fourth quarter results, falling short of Wall Street consensus. 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. Please visit the "Current Portfolio" tab to see the current and past 13F holdings for Michael Burry, as well as holding map, Disclosure: None. Learn More. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm. 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. If you want to see more stocks in this selection, check out 5 Stocks Big . Performance. Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter. He set alarm bells ringing when he slashed his portfolio to a single position in the second quarter of last year, but added five additional namesin the third quarter. Several other hedge funds also hold bullish positions in the company. 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. These returns have duly contributed to the exceptional Michael Burry portfolio. On February 8, MGM Resorts International (NYSE:MGM) reported a Q4 non-GAAP loss per share of $1.53 and a revenue of $3.59 billion, topping market estimates by $0.04 and $240 million, respectively. We still like this investment. So, what did Michael Burry invest in for Big Short? For example S&P 500 Index returned 43.4% in 1958. However, it has streamlined its business since the last oil and gas downturn and expects reduced operating losses this round. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings.
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