michael burry portfolio performance

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. 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. The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. These were called "NINJA loans": "No Income No Job". "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. Michael Burry has invested in some of the most spread-out and wealthiest companies in all the U.S. The good news is, this powerful new force can help you make a lot of money even in a bear market. as well as other partner offers and accept our, Securities and Exchange Commission filing revealed. If you want to see more stocks in this selection, check out 5 Stocks Big Short Michael Burry Is Buying and Selling. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. 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. 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. The video was published on Feb. 28, 2023. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . 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. The investor of "The Big Short" fame bought 50,000 . LUMN mainly flourishes in the information technology sector and industry. This stake is worth more than $1.1 million and consists of 150,000 shares. 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.. 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. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. 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. Defensive positioning is the current theme of his portfolio . 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%. 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. "The fall in wealth is unsurprising given the dramatic pivot in monetary policy that culminated in the worst performance for the traditional blended portfolio . Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. Burry first bought a stake in NOW Inc. (NYSE:DNOW) in the fourth quarter of 2020. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. "It's time memesters look up what a death spiral convertible is," he said. Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. 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. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. 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. Making the world smarter, happier, and richer. 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. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE: Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc (BKI), Alibaba Group Holding Ltd (BABA), JD.com Inc (JD), Wolverine World Wide Inc (WWW), not including call and put options. as well as other partner offers and accept our, Securities and Exchange Commission filing. The Motley Fool recommends Coherent. The company operates through three segments Las Vegas Strip Resorts, Regional Operations, and MGM China. ADS and ADR are traded on US stock exchanges but represent ownership of foreign-listed companies. 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). Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. The company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. Michael Burry is an American investor, and hedge fund manager. 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. If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . Meme-stock specialist and GameStop chairman Ryan Cohen built a nearly 10% stake in the first quarter of last year, fueling hopes he might engineer a comeback for the retailer. 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). The top 5 stocks still make up about 76% of the total . The Geo Group is best known to own the immigrant detention centers in The United States. We remain attracted to WWWs strong collection of brands and its fragmented customer base.. . The current portfolio value is calculated to be $47.00 Mil. Warren Buffett took 25% of all returns in excess of 6 percent. In a free sample issue of our monthly newsletter we analyzed Warren Buffetts stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffetts portfolio. Michael Burry's Scion Capital Management dumped his entire stock portfolio in the second quarter as the "Big Short" hedge fund legend stepped up his warnings about a looming stock market . On January 9, Truist analyst Michael Ciarmoli raised the firm's price target on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to $58 from $45. *Average returns of all recommendations since inception. 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. On November 4, BofA analyst Jason Haas downgraded Qurate Retail, Inc. (NASDAQ:QRTEA) to Underperform from Neutral with a price target of $1.20, down from $4, after the company reported below-consensus Q3 revenue and OIBDA. It's calculated by multiplying the share price by the number of outstanding shares. Sorry, no results has been found matching your query. Meta Platforms, Inc. (NASDAQ:FB) has featured in the Scion portfolio since early 2020. Burry then added to that stake in the first and second quarter of 2021, increasing it by 99% and 21% respectively. In this article, we discuss the 10 stocks to sell according to Michael Burry. 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. 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. 9.47% 3-Year Performance. 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.. Indicates the relationship between the price performance of a share and the market. I believe it will make millions of Americans vastly wealthier. Access your favorite topics in a personalized feed while you're on the go. Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. RPT Realty is a company based in New York, in The United States of America. feet. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. Read more:A Michael Burry expert breaks down what makes the 'Big Short' investor special. Even so, we have kept our exposure to the energy sector in check given our concerns about the overall economy.. DISCA contributes largely to his investments, having a numeral share of 5.38% and a value of $7,523,000. 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. Other types of investors are foundations and trusts, businesses, and family offices. 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. 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. 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. Lumen Technologies does not only deliver its services in The States; but, over the years, it has extended to Europe and the Middle East. A Michael Burry expert breaks down what makes the 'Big Short' investor special. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Registration on or use of this site constitutes acceptance of our. Even today when considering total assets, WFC is the fourth largest bank in The States. At least in BBBY's case, he was right on the money. 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. Michael Burry, the California-born hedge fund manager with a background in biology, is one of the names that fits this description. SBC) by 2024, meaning shares have been trading in a range of 4-6x price to free cash flow. 15 Dividend Growth Stocks with Highest Rates, 10 Most Promising EV Battery Stocks to Buy. Now Inc. is a company that has a significant role in the energy sector that supplies oil and gas globally to several markets. The analyst believes that Charter's investment approach is becoming more comprehensible. to generate high returns in the 20% to 30% range. In short, a powerful new economic force is quietly building behind Joe Biden and Im confident Biden can harness this forces inevitable wave, carrying him to a LANDSLIDE re-election win. Michael Burry is a successful investor, hedge fund manager, and physician. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. On January 10, Wells Fargo analyst Matthew Akers maintained an Equal Weight rating on Lockheed Martin Corporation (NYSE:LMT) stock and raised the price target to $379 from $340, underlining that new programs that were transitioning to production would cut the risks to legacy rotorcraft platforms marketed by the firm. 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. The average profit margin of the companies in this portfolio is 9.11%. However, the released 13f filings ceased after that and were resumed in 2019. 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. It is a real estate investment trust that functions and trades on a public level. Liberty Latin America Ltd. (NASDAQ:LILA) provides fixed, mobile, and subsea telecommunications services. Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 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. 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. 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 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. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. Michael Burry Performance Scion Asset Management, LLC Portfolio Never miss a trade. Indicates a company's profitability in relation to its total assets. Michael Burry invested in Bed Bath & Beyond at least twice before the meme stock's spectacular rise and epic fall, Securities and Exchange Commission filings show. In light of this fact, we evaluated our investment in Kraft Heinz for impairment. Qurate Retail Group is an American company, immersed and actively engaged in media usage to run a business venture. Yet Burry tweeted an apparent warningthat the agreement could end badly. 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. Burry's Scion firm held a $8 million stake in September 2019, and a $10 million stake in June 2020. 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. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. It is one of the most popular stocks among hedge funds. He has even said that he even owns some coins. 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. Back then they werent called hedge funds, they were called partnerships. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Meta Platforms, Inc. (NASDAQ:FB) develops and markets products that enable people to connect. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. As the Supreme Court considers President Joe Biden's student loan forgiveness plan, Burry wrote in a series . 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. The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. Congrats to all those Autopilot'ing the Burry Portfolio, you should be up on this position too . However, they were still rated AAA (Investment grade) by many credit Agencies! Easily embed the chart on your blog or website it will always update 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. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. Replying to . ", 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.". In 2018, it gained an enormous revenue of $39.8 billion. 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. 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. The stock is currently selling for 66% of tangible book value. Because of its high-end worth. Portfolio 9 Options 0 Performance. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors. He was only holding Geo group Inc. stock in the second quarter of 2022. According to Insider Monkey's data, 25 hedge funds were bullish on Qurate Retail, Inc. (NASDAQ:QRTEA) as of the end of September 2022, compared to 24 funds in the earlier quarter. is a leading shareholder in Lockheed Martin Corporation (NYSE:LMT) with 561,512 shares worth more than $193 million. 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. It also provides mental health and rehabilitation facilities. WDCs headquarters are situated in California, USA, regulating the manufacturing of hard disk drives. By clicking Sign up, you agree to receive marketing emails from Insider However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! It provides internet, video, mobile, and voice services through a subscription-based model, as well as a range of broadband connectivity services such as fixed internet, WiFi, and mobile, along with a security suite. He's now 51 years old. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. Some of these brands are HSN, Garnet Hill, and Ballard Designs. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June 2020. The hedge fund sentiment around the securities was assessed from Insider Monkeys Q3 2022 database of around 920 elite funds. 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. 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. At the end of 2022, Scion only held nine stocks, and 56% of his portfolio was invested in . The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. If you want to read our detailed analysis of these stocks, go directly to the Michael Burry Stock . a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything. Feb 9. However, despite many misconceptions he is currently not a Billionaire officially yet. The idea between these securities is risk was "supposed" to be diversified. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. 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. 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. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm. On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. Burry had accurately predicted the collapse of both these bubbles. 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. Further, strategic acquisitions (LMT acquired AJRD for $4 billion in late December), debt pay down, a 3% dividend yield, and continued share buybacks from $6 billion per year of free cash flow should lead to even greater shareholder returns..

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