Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 ", 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.". Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. Burry's Scion Asset Management purchased 750,000 shares of the homewares retailer in the third quarter of 2019, securing a stake worth $8 million on September 30 that year. 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. Bank of America Global Research data indicates that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. 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. 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! 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 $193 million. 10 Best Bank and Finance Stocks to Buy According to Mario Gabelli10 Best Diversified Stocks to Invest In10 Best SPACs to Invest In According to RedditDaily NewsletterHeadlineLockheed Martin Corporation (NYSE:LMT)Meta Platforms Inc. (NASDAQ:FB)Michael Burry Stock Portfolio Performance in 2021: 8 Best PicksNASDAQ:FBNASDAQ:KHCNow Inc. (NYSE:DNOW)NYSE:DNOWNYSE:LMTThe Kraft Heinz Company (NASDAQ:KHC)Yahoo FinanceShow moreShow less, Despite Joe Bidens age, raging inflation, and his dismal 45% approval level. was in the headlines as he paved the way for the GameStop short squeeze at the beginning of the year before swearing off meme stocks and predicting that the markets were about to crash and inflation was rising, long before other market experts picked up on the idea. Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. 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). 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. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. 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. Disclosure: None. The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. 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%). 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. The beta of the portfolio is 1.13. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Safe Stocks to Buy Hand Over Fist in 2023, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. On another occasion in 2018, by total assets, Wells Fargo became the fourth largest bank in the United States of America. Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. In this article, we discuss the 10 stocks to sell according to Michael Burry. He has previously advised investors to "sell" and warned that the S&P 500 could drop by over 50% to around 1,900 points. Michael Burry is capturing headlines recently for predicting another stock market crash. As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. When considering our timing, we concluded, if not now, when? If you want to read our detailed analysis of these stocks, go directly to the Michael Burry Stock . The top 5 stocks still make up about 76% of the total . The idea between these securities is risk was "supposed" to be diversified. Considering revenue, WFC has been awarded the 30th position in the list of the worlds largest corporations, as reported by Fortune 500 in 2020. Burry's Scion Asset Management also purchased 100,000 shares of MGM, a position worth $3.4 million at last quarter's close. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. Read more:We put 7 burning questions to top economist David Rosenberg. The popular investment manager has been vocal on social media telling investors to sell their stocks and take a defensive position. 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. In the third quarter of 2022, Michael Burry acquired 155,761 shares of Liberty Latin America Ltd. (NASDAQ:LILA) worth $958,000. Through other media forums, such as apps and websites, QRTEA can reach even more people globally. Reported in March of 2022 UNIT held more than 125,000 fiber route miles. He launched his hedge fund in 1956 with $105,100 in seed capital. Market experts who closely follow Burry claim that this is a sign that he is preparing for a crash. Michael Burry, the California-born hedge fund manager with a background in biology, is one of the names that fits this description. It functions as a cable operator and broadband connectivity provider, catering to both residential and commercial clients in the United States. Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. 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 Geo Group is best known to own the immigrant detention centers in The United States. 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. Learn More. From his first company, Michael Burry was able to earn huge profits and positive returns from the beginning for his investors. 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 . This stake is worth more than $1.1 million and consists of 150,000 shares. The value of Burry's portfolio jumped from about $3 million to over $41 million. Uniti Group Inc. is a real estate investment trust, headquartered in America. In the fourth quarter of 2022, Burry sold the entirety of his stake in the company. On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealed on Tuesday. It is a real estate investment trust that functions and trades on a public level. Based on the available facts and information regarding the operating results of Kraft Heinz, our ability and intent to hold the investment until recovery, the relative amount of the decline and the length of time that fair value was less than carrying value, we concluded that recognition of an impairment loss in earnings was not required. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. 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. The video was published on Feb. 16, 2023. On January 9, Truist analyst Michael Ciarmoli raised the firm's price target on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to $58 from $45. The company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. It contributes 5.49% of his stocks, and therefore, it has a value of $7,679,000. In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. It is an integrated circuit maker, along with flash memory devices. is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. The market value of the company. Ratio between share price and earnings per share. The fund's top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. 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. SBC) and theres a line-of-sight to $300+ million (ex. Cost basis and return based on previous market day close. These were called "NINJA loans": "No Income No Job". 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. So Im not quite sure why it has underperformed the broader market so significantly. The total net worth of Michael Burry comes out to be $300 million. That means much bigger government. Back then they werent called hedge funds, they were called partnerships. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. The hedge fund of the latter has a very bullish stance on Musk and Tesla, Inc. (NASDAQ:TSLA). Therefore, it seems to maintain a high position in the communications industry. The good news is, this powerful new force can help you make a lot of money even in a bear market. The success of Burry is an exception in the world of finance that. Deutsche Bank analyst Carlo Santarelli on February 9 raised the firm's price target on MGM Resorts International (NYSE:MGM) to $53 from $49 and kept a Buy rating on the shares. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. valuations for each stock, which positions are undervalued, have low PE Ratios, are considered high quality and recently traded at The company sells these stocks too, which generally are pipes, valves, tools, and instruments. 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. Michael Burry is widely known for predicting the 2008 Financial Crisis & Housing bubble, popularised in the Oscar Winning Movie "The Big Short" (2015). The carrying value of our investment was approximately $13.3 billion at December 31, 2020 and $13.8 billion at December 31, 2019. 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. Therefore, it is safe to say that Michael Burrys wealth has accumulated through investment stocks. During 2000-2008, he logged returns, calculating up to 489.34%. DISCA contributes largely to his investments, having a numeral share of 5.38% and a value of $7,523,000. The tweets of the investor have since been deleted, but remain a part of public record through the news outlets that covered them when they were made. Naturally, that made his net worth go up. Lumen Technologies does not only deliver its services in The States; but, over the years, it has extended to Europe and the Middle East. He offered a one-word piece of advice in late January: "Sell." 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%). The analyst believes that Charter's investment approach is becoming more comprehensible. Similarly, a college student named Jake Freeman revealed a 6.2% stake in late July. Refer a Friend and Earn One Month of Free Membership. Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. Never miss a trade 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. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Pason and NOW represent our fourth and fifth investments in the energy sector. Other types of investors are foundations and trusts, businesses, and family offices. We received dividends from Kraft Heinz of $521 million in each of 2020 and 2019 and $814 million in 2018, which we recorded as reductions in our carrying value. He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. Is Alibaba Stock a Buy After Q4 Earnings? 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. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. He's also compared the stock market's rally this year to the dot-com bubble, and cautioned meme-stock buyers. 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. The investments that this company makes are mainly in constructing and running prisons. 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. However, the released 13f filings ceased after that and were resumed in 2019. We remain attracted to WWWs strong collection of brands and its fragmented customer base.. Michael Burry is a successful investor, hedge fund manager, and physician. 52-week lows, etc. If you want to see more stocks in this selection, check out 5 Stocks Big . Enjoy a 7-Day Free Trial Thru Mar 12, 2023! 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. Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! 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. 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. Michael Burry has invested in some of the most spread-out and wealthiest companies in all the U.S. Yet it's still a fraction of its size at the end of March, when it contained 11 stocks worth a combined $165 million excluding bearish put options that Scion held against 206,000 Apple shares. Burry, a value investor, presumably bought into BBBY because he determined it was oversold and undervalued. Discovery Inc. is a massive multinational media chain originating from America. Burry first bought a stake in NOW Inc. (NYSE:DNOW) in the fourth quarter of 2020. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. 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. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm. 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. 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. Liberty Latin America Ltd. (NASDAQ:LILA) provides fixed, mobile, and subsea telecommunications services. That would have been 9.35% in hedge fund fees. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. , is behind the latter. William Crowley, William Harker, and Stephen Blass Ashe Capital held the leading position in the company. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks, Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Gurus may be added or dropped from the GuruFocus site at any time. 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. *Average returns of all recommendations since inception. Several other hedge funds also hold bullish positions in the company. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. 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%). 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. 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. Replying to . The Partnership has been a buyer at these levels., Scion Asset Managements Stake Value: $2,063,750. Net income divided by revenue of the last 4 quarters. We utilize no bright-line tests in such evaluations. It operates through three segments CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The percentage indicates the payout in relation to the share price. You can enter your email below to get our FREE report. 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. Fundamental company data provided by Morningstar, updated daily. Meta Platforms, Inc. (NASDAQ:FB) develops and markets products that enable people to connect. Yet Burry tweeted an apparent warningthat the agreement could end badly.
