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. 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. The top 5 stocks still make up about 76% of the total . Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). Michael Burry, the hedge fund . The company is a new holding in the portfolio of Scion Asset Management. 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. Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. Scion Asset Managements Stake Value: $2,445,000 (After a 70% Decline in Stake in Q4). During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. Therefore, it seems to maintain a high position in the communications industry. QRTEA consists of seven brands that are always ahead of its competing forces. 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.. Some of these brands are HSN, Garnet Hill, and Ballard Designs. 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. The investments that this company makes are mainly in constructing and running prisons. Time will tell, but to paraphrase country music artist Merle Haggard, we do not yet think cables good times are really over for good.. The contribution of RPT Realty in his stock portfolio is 6.18% and has a substantial value of $8,650,000. Now Inc. is a company that has a significant role in the energy sector that supplies oil and gas globally to several markets. 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. Stock quotes provided by InterActive Data. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. Burry swapped out all but two of the holdings in his US stock portfolio. , 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. Charter Communications, Inc. (NASDAQ:CHTR) was founded in 1993 and is headquartered in Stamford, Connecticut. 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. 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%). Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . Reported in March of 2022 UNIT held more than 125,000 fiber route miles. That would have been 9.35% in hedge fund fees. He has even said that he even owns some coins. 10 stocks we like better than Alibaba Group. Widely known to function as a telecommunications company, Lumen Technologies is a company based in America. Scion Asset Management's public equity portfolio is heavily concentrated. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks 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. Source: 13F filing, Author. Michael Burry 13F Portfolio - Hedge Follow Burry recently shared 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. We still like this investment. Keith Meisters Corvex Capital is the largest stakeholder of the company, with 6.67 million shares worth $198.3 million. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors. *Stock prices used were the afternoon prices of Feb. 14, 2023. DISCA contributes largely to his investments, having a numeral share of 5.38% and a value of $7,523,000. 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. to generate high returns in the 20% to 30% range. Never miss a trade 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. Follow the Stock Picks of Top Hedge Fund Manager Michael Burry Invest better with The Motley Fool. The Asia Pacific and Africa are also other countries where LUMN operates. It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. , is behind the latter. Please visit the "Stock Picks" tab to see the latest guru trades and stock picks for Michael Burry, which include data from Other products are safety supplies, drills, and paints. 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. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). SkyWest, Inc. (NASDAQ:SKYW) was incorporated in 1972 and is headquartered in St. George, Utah. 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 indicates the company's profitability. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. automatically! 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. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. 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. In which he had credit default swap short positions against "Mortgage Backed Securities. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June 2020. is a leading shareholder in Lockheed Martin Corporation (NYSE:LMT) with 561,512 shares worth more than $193 million. It is involved in choosing the best buyers across the world, selling products that depict a hidden story or have a deep meaning behind it. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. It has its workload revolving around acquisition and construction. Click to skip ahead and . Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealed on Tuesday. Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. Through other media forums, such as apps and websites, QRTEA can reach even more people globally. WDCs headquarters are situated in California, USA, regulating the manufacturing of hard disk drives. My Top Michael Burry Stock to Buy Now in March | Nasdaq Click to continue reading and see Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. 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. 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. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. 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. 3 Reasons to Sell Your Defense Stocks Now | InvestorPlace 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). 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. 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. The popular investment manager has been vocal on social media telling investors to sell their stocks and. The next. Uniti Group Inc. is a real estate investment trust, headquartered in America. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. In this article, we discuss 13 stocks that Michael Burry is buying and selling. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. A Michael Burry expert breaks down what makes the 'Big Short' investor special. Is Alibaba Stock a Buy After Q4 Earnings? Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. Western Digital Corporation is a company based in The United States of America that specializes in computer memory. 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 Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. In the following year 2019 rankings in America that were calculated based on total revenue by Forbes 500, Allstate Corp. held the 79th position. . Here you can find the latest trades based on Burry's 13F filings and insider trades. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. That means much bigger government. Qurate Retail Group is an American company, immersed and actively engaged in media usage to run a business venture. Several elite hedge funds are bullish on the company as a new fiscal year begins. 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. Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits. 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%). Shares of The Kraft Heinz Company (NASDAQ:KHC) common stock are publicly-traded and the fair value of our investment was approximately $11.3 billion at December 31, 2020 and $10.5 billion at December 31, 2019. This reopening followed nearly three years of restrictions on travel and commerce. As of June 30th, NOW had $269 million of cash and no debt ($497 million market cap), although if demand recovers as we expect, some cash will be reinvested in working capital. Along the way, I believe Biden could become one of the most powerful Presidents in history. 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. In Q4 2022, Michael Burry sold off his entire stake in Charter Communications, Inc. (NASDAQ:CHTR), worth $3 million. Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 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. We initially share this idea in October 2018 and the stock already returned more than 150%. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. Below is the Michael Burry portfolio today based on the 3rd quarter 13f filing as of 9/30/22 with the SEC. In Q3 2022, Michael Burry purchased 132,561 shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) worth $5.30 million. In this article, we discuss the 4 best stock picks and portfolio performance of Michael Burry. Congrats to all those Autopilot'ing the Burry Portfolio, you should be up on this position too . However, he sold up in August, bagging an estimated $68 million profit. 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. 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. He was born in San Jose, California on June 19, 1971. Considering revenue, WFC has been awarded the 30th position in the list of the worlds largest corporations, as reported by Fortune 500 in 2020. 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. 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). In this article, we examined Big Short's Michael Burry bets on 11 stocks amid his warning over the stock market collapse ahead. It is a real estate investment trust that functions and trades on a public level. highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. A month later, Burry once again made an appearance on social media to compare the hype around growth stocks and Bitcoin to the housing bubble of 2007 and the dotcom bubble at the turn of the millennium. Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. 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.
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