michael burry portfolio performance michael burry portfolio performance

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 . 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. Nevertheless, in 2013, Dr. Michael Burry founded another firm called Scion Asset Management, which has now become a vital portion of the portfolio of Michael Burry. Qurate Retail Group is an American company, immersed and actively engaged in media usage to run a business venture. 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%. From 2000-2008, Michael Burry found and ran his hedge fund company called Scion Capital. After that, he decided to make his personal investments a priority. 338.80% 5-Year Performance. 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. Furthermore, Qurate Retail Group can reach 218 homes across the globe, just by using the television. 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. 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. 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. Read more:We put 7 burning questions to top economist David Rosenberg. To add to its success story, it is one of the 10 best e-commerce companies in America. It indicates the company's profitability. is originally published on Insider Monkey. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. If you want to see more stocks in this selection, check out, 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. Additionally, this management of the clients investments, ensures that success rates of the clients also go up. 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. 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. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. The active rig count in the U.S. is at all-time lows. He was only holding Geo group Inc. stock in the second quarter of 2022. Keith Meisters Corvex Capital is the largest stakeholder of the company, with 6.67 million shares worth $198.3 million. By clicking Sign up, you agree to receive marketing emails from Insider 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. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. 214.91% 10-Year Performance . 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.. Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. Learn More. 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. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. Once that happened, Burry warned buyers of meme stocks they were signing up for the "mother of all crashes." Warren Buffett has been investing and compounding for at least 65 years. If you choose to subscribe throughfool.com/parkev, he will earn some extra money that supports his channel. However, the released 13f filings ceased after that and were resumed in 2019. He's now 51 years old. Lockheed Martin Corporation (NYSE:LMT) operates as an aerospace and defense firm. 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). William Crowley, William Harker, and Stephen Blass Ashe Capital held the leading position in the company. And still the door is only so big.". In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are. Back then they werent called hedge funds, they were called partnerships. The popular investment manager has been vocal on social media telling investors to sell their stocks and take a defensive position. SBC) by 2024, meaning shares have been trading in a range of 4-6x price to free cash flow. It deals with providing the best investments to its clients to raise the status of their portfolios by giving them guidance on what products to choose. 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. The average profit margin of the companies in this portfolio is 9.11%. is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. Yet Burry tweeted an apparent warningthat the agreement could end badly. Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock portfolio. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . Now Inc. is a company that has a significant role in the energy sector that supplies oil and gas globally to several markets. 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. These were called "NINJA loans": "No Income No Job". QRTEA consists of seven brands that are always ahead of its competing forces. That means much bigger government. If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . The holdings of Michael Burry Big Short are in the worlds leading companies and corporations, and that has led him to an elevated status in the business world. 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. JPMorgan analyst . Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. He offered a one-word piece of advice in late January: "Sell." 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. , an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ: 10 Best Bank and Finance Stocks to Buy According to Mario Gabelli, 10 Best SPACs to Invest In According to Reddit. 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. However, despite many misconceptions he is currently not a Billionaire officially yet. Several other hedge funds also hold bullish positions in the company. We remain attracted to WWWs strong collection of brands and its fragmented customer base.. Reported price - this doesn't represent the actual buy or sell price.It is the split-adjusted price of the security as of the last day of the reported period. In its Q4 2020 investor letter, RiverPark Advisors, LLC, an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. SBC) and theres a line-of-sight to $300+ million (ex. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. The investor of "The Big Short" fame bought 50,000 . This investment adviser does not provide advice to individual investors. 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. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. In this article, we discuss 13 stocks that Michael Burry is buying and selling. In the fourth quarter of 2022, Burry sold the entirety of his stake in the company. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Replying to . Its selling for half of book value. The locations of these centers are Florida, Chicago, Minnesota, and Ohio. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. 5 Stocks to Buy Based on Michael Pausic's Foxhaven Asset Management Portfolio 5 Stocks to Buy According to David Fear's Thunderbird Partners, Retirement Stock Portfolio: 5 Safe Tech Stocks To Consider, 5 Best Stocks to Buy Today According to Value Investor David Abrams, Senator John Hickenlooper Latest Portfolio: 3 Stocks to Watch, 5 Best Stocks To Buy According To Terry Smith's Fundsmith LLP. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). 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. A Michael Burry expert breaks down what makes the 'Big Short' investor special. In the broad electronics industry that the world has with the prevailing level of technology, WDC has been a contributor to it for a very long time. Disclosure. Meta Platforms, Inc. (NASDAQ:FB) has featured in the Scion portfolio since early 2020. 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. GME Stock Split in 2023 [Things You Need to Know], Shopify Stock Split in 2023 [Everything You Need to Know], Publix Stock Split in 2023 [Things You Need to Know], LILAK - Liberty Latin America Ltd Com Cl C. Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. He's also compared the stock market's rally this year to the dot-com bubble, and cautioned meme-stock buyers. Discovery Inc. is a massive multinational media chain originating from America. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. 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. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. 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. 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. Here is what the fund said: We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. 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. 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. 15 Dividend Growth Stocks with Highest Rates, 10 Most Promising EV Battery Stocks to Buy. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Between June and September, the portfolio value of Scion Asset Management decreased from $140 million to just $41 million. The beta of the portfolio is 1.13. So, what did Michael Burry invest in for Big Short? He has also cautioned that the Fed may hesitate to intervene in order to support asset prices, as it could intensify inflation. These returns have duly contributed to the exceptional Michael Burry portfolio. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. We believe the financial strength of our holdings is far above the typical energy company. RPT Realty is a company based in New York, in The United States of America. 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. However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! To navigate the uncertain equity market in 2023, some of the stocks that Big Short Michael Burry is buying include Black Knight, Inc. (NYSE: According to Insider Monkeys Q3 data, 68 hedge funds were long Charter Communications, Inc. (NASDAQ:CHTR), and. The value of Burry's portfolio jumped from about $3 million to over $41 million. 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. We utilize no bright-line tests in such evaluations. In this article, we discuss 13 stocks that Michael Burry is buying and selling. Michael Burry is an American investor, and hedge fund manager. And it means its going to be harder than ever to hold onto any money you make. By clicking Sign up, you agree to receive marketing emails from Insider It operates in two segments, Aerospace and Defense, and Real Estate. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. A buying frenzy drove BBBY shares as high as $43 during that period; if Burry had kept his million shares, they would have briefly quadrupled in value to $43 million. 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. Indicates the relationship between the price performance of a share and the market. Copyrights 2021-2023 Valuesider All rights reserved. Michael Burry, the California-born hedge fund manager with a background in biology, is one of the names that fits this description. We initially share this idea in October 2018 and the stock already returned more than 150%. is a leading shareholder in Lockheed Martin Corporation (NYSE:LMT) with 561,512 shares worth more than $193 million. Our largest energy holding is Helmerich & Payne, the nations largest drilling contractor. It owns and manages casino, hotel, and entertainment resorts in the United States and Macau. Registration on or use of this site constitutes acceptance of our. So Im not quite sure why it has underperformed the broader market so significantly. 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. Earlier in August, Burry had also sparred with Wood. 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. In the following year 2019 rankings in America that were calculated based on total revenue by Forbes 500, Allstate Corp. held the 79th position. In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:FB) was one of them. 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. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. Nonetheless, it has still managed to attain over $386.9 million in Assets Under Management (AUM). Some of these brands are HSN, Garnet Hill, and Ballard Designs. However, Burry once again closed the bet over the next three months, meaning he got out before the meme-stock boom in January 2021. So, how did Warren Buffett manage to generate high returns and beat the market? It owned 1 million BBBY shares worth almost $11 million on June 30, 2020. Overall, Scion grew its US stock portfolio from six positions to nine, and its total value swelled by 13% to about $47 million. Feb 9. The current portfolio value is calculated to be $47.00 Mil. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. Burry isn't the only notable investor to show interest in BBBY. It is an integrated circuit maker, along with flash memory devices. Mortgage Backed Securities (MBS) are a collection of Home loan mortgages compiled together to create an investment security. The business is highly predictable so there havent been any surprises on the operational front, and virtually all of its floating-rate debt has been swapped, thereby protecting it from this years rapid rise in interest rates. 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 $77.4 million. Scion has sold off some of these stakes in the third quarter but they have been included in the list as they remained in the Scion portfolio for the first half of 2021. Charter Communications, Inc. (NASDAQ:CHTR) was founded in 1993 and is headquartered in Stamford, Connecticut. Burry then added to that stake in the first and second quarter of 2021, increasing it by 99% and 21% respectively. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. Michael burry saw that ultimately fundamentals would bring the truth about the real value of these securities and many would plummet to zero! A higher ratio indicates a higher risk. Burry was referring to a situation where a shareholder keeps converting preferred stock into common stock at a discount to the market price, then sells the resulting shares, driving the stock price ever lower. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 52-week lows, etc. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. 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. All theaters are overcrowded and the only way anyone can get out is by trampling each other. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. The analyst highlighted the Future Vertical Lift program as a big opportunity for Lockheed Martin Corporation (NYSE:LMT). The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. 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. Fourth quarter adjusted EBITDA of $5.5 billion grew by 1.9% year-over-year. 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. Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity.