michael burry portfolio performance

Michael Burry said there will be "terrible consequences" if student debt is cancelled. Stock quotes provided by InterActive Data. NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. Copyrights 2021-2023 Valuesider All rights reserved. Burry, a value investor who specializes in sniffing out bargains, may have determined the two companies' shares were oversold and likely to stage a comeback. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 13 Stocks Big Short Michael Burry Is Buying and Selling is originally published on Insider Monkey. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. This decision was made following the impressive Q4 gaming and revenue per available room metrics for the Las Vegas strip, as well as positive reports from competitors in recent weeks. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Back then they werent called hedge funds, they were called partnerships. 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. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). I believe it will make millions of Americans vastly wealthier. Burry's total holdings now total $41,298,000 in value and has six total positions after adding five new positions in the three months after the second quarter filing. The analyst believes that Charter's investment approach is becoming more comprehensible. The company operates a regional airline in the United States and also leases regional jet aircraft and spare engines to third parties. William Crowley, William Harker, and Stephen Blass Ashe Capital held the leading position in the company. Indicates a company's profitability in relation to its total assets. Several elite hedge funds are bullish on the company as a new fiscal year begins. Here is what the fund said: NOW is a 2014 spinoff from National Oilwell Varco and has a 150-year legacy as a distributor to the oil and gas and industrial markets. Qurate Retail Group is an American company, immersed and actively engaged in media usage to run a business venture. SkyWest, Inc. (NASDAQ:SKYW) was incorporated in 1972 and is headquartered in St. George, Utah. The average profit margin of the companies in this portfolio is 9.11%. 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. The Geo Group is best known to own the immigrant detention centers in The United States. Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. 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." All Rights Reserved. Burry then added to that stake in the first and second quarter of 2021, increasing it by 99% and 21% respectively. ADS and ADR are traded on US stock exchanges but represent ownership of foreign-listed companies. The rate at which the company's net income has increased to the same quarter one year ago. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. 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. 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. Price to Book Ratio is the Market cap divided by the Book value of the company. It is also in the lead of the mobile and social commerce race. 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. 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. Michael Burry added SkyWest, Inc. (NASDAQ:SKYW) to his Q4 portfolio by acquiring 125,000 shares worth $2.06 million. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. 14 min read. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. We put 7 burning questions to top economist David Rosenberg. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. The products that Burrys company provides to its customers include a wide range of Institutional Advisory Services and Investment Products. as well as other partner offers and accept our, Securities and Exchange Commission filing. The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. It also provides mental health and rehabilitation facilities. A higher ratio indicates a higher risk. 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. *Stock prices used were the afternoon prices of Feb. 14, 2023. He was born in San Jose, California on June 19, 1971. It is one of the service providers of wireless functions and operations and is currently at the forefront of such providers. Burry added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 million. 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. Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. 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. 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. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. According to the analyst, there were high expectations for MGM Resorts International (NYSE:MGM)s performance on the strip, but the company exceeded them with ease. Therefore, it would not be shocking to see Michael Burrys returns rocketing up by large numbers. Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. The market value of the company. Here you can find the latest trades based on Burry's 13F filings and insider trades. , is behind the latter. 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. The active rig count in the U.S. is at all-time lows. The Partnership has been a buyer at these levels., Scion Asset Managements Stake Value: $2,063,750. Michael Burry is a legendary investor & hedge fund manager. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. The answer is water. 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. 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. It has its workload revolving around acquisition and construction. It is one of the most popular stocks among hedge funds. In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. 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. 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. Burry, whose bet against subprime mortgages . 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. 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. Qurate Retail, Inc. (NASDAQ:QRTEA) is engaged in the video and online commerce industries in North America, Europe and Asia. The companies that featured in the Scion Asset Management portfolio in filings for the first, second, and third quarter of 2021 were selected and sorted based on the gains in share price in 2021. Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. WDCs headquarters are situated in California, USA, regulating the manufacturing of hard disk drives. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. The company operates through three segments Las Vegas Strip Resorts, Regional Operations, and MGM China. He's now 51 years old. Burry manages Scion Asset Management with a portfolio value of . 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: None. At least in BBBY's case, he was right on the money. 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. Scion Asset Management's public equity portfolio is heavily concentrated. From his first company, Michael Burry was able to earn huge profits and positive returns from the beginning for his investors. 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. Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter. In the fourth quarter of 2022, Michael Burry purchased 356,101 shares of Wolverine World Wide, Inc. (NYSE:WWW) worth $3.8 million, representing 8.36% of the total 13F holdings. 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. The Scion Asset Management chief warned of a dramatic decline in stocks, and forecasted. Therefore, it is safe to say that Michael Burrys wealth has accumulated through investment stocks. If you want to see more stocks in this selection, check out 5 Stocks Big . 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. As early as February 2021, when the post-pandemic economic recovery had yet to fully take-off, Burry took to Twitter to sound the alarm bells over a historic crash, noting that the markets were dancing on a knifes edge as valuations soared and debt margins increased. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . The Qurate group is not a traditional e-commerce platform, neither does it provide traditional stores in the marketplace and malls. The services provided by Lumen Technologies encompass communications, cloud, and network services. 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. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. However, the released 13f filings ceased after that and were resumed in 2019. To navigate the uncertain equity market in 2023, some of the stocks that Big Short Michael Burry is buying include Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD). 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. It was recorded between 2015 and 2016, that fundholding maximized to $100 million. is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. Ken Griffins, 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. When considering our timing, we concluded, if not now, when? 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. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. In Q4 2022, Michael Burry sold off his entire stake in Charter Communications, Inc. (NASDAQ:CHTR), worth $3 million. 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. Keith Meisters, Baron Funds made the following comment about MGM Resorts International (NYSE:MGM) in its Q3 2022 investor, According to Insider Monkeys Q3 data, 18 hedge funds were long Wolverine World Wide, Inc. (NYSE:WWW), compared to 13 funds in the earlier quarter. Furthermore, Qurate Retail Group can reach 218 homes across the globe, just by using the television. The popular investment manager has been vocal on social media telling investors to sell their stocks and take a defensive position.

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