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. At the end of 2022, Scion only held nine stocks, and 56% of his portfolio was invested in . 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. Below is the Michael Burry portfolio today based on the 3rd quarter 13f filing as of 9/30/22 with the SEC. His opinions remain his own and are unaffected by The Motley Fool. 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. From his first company, Michael Burry was able to earn huge profits and positive returns from the beginning for his investors. 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. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealed on Tuesday. 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. 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. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. Other products are safety supplies, drills, and paints. The carrying value of our investment was approximately $13.3 billion at December 31, 2020 and $13.8 billion at December 31, 2019. Click to continue reading and see Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. 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 . Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. QRTEA consists of seven brands that are always ahead of its competing forces. Scion Asset Managements Stake Value: $2,445,000 (After a 70% Decline in Stake in Q4). Market experts who closely follow Burry claim that this is a sign that he is preparing for a crash. Scion Asset Managements Stake Value: $3,353,000. The beta of the portfolio is 1.13. The percentage indicates the payout in relation to the share price. 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. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. We utilize no bright-line tests in such evaluations. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. 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. The hedge fund sentiment around the securities was assessed from Insider Monkeys Q3 2022 database of around 920 elite funds. He maintained a Hold rating on the shares. Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. 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. Uniti Group Inc. is a real estate investment trust, headquartered in America. 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. Indicates a company's profitability in relation to its total assets. BBBY was its sixth-largest position out of eight total holdings, and made up 13% of its $60 million US stock portfolio at the time. It operates in two segments, Aerospace and Defense, and Real Estate. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. 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. On its balance sheet, Berkshire carries the Kraft Heinz holding at a GAAP figure of $13.3 billion, an amount that represents Berkshires share of the audited net worth of Kraft Heinz on December 31, 2020. However, they were still rated AAA (Investment grade) by many credit Agencies! Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. 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. as well as other partner offers and accept our, Securities and Exchange Commission filing. 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. Therefore, it is safe to say that Michael Burrys wealth has accumulated through investment stocks. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. We initially share this idea in October 2018 and the stock already returned more than 150%. 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. Ken Griffins Citadel Investment Group held the largest position in the company, consisting of 1.5 million shares worth $13.8 million. Indicates the relationship between the price performance of a share and the market. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. 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). The company operates through three segments Las Vegas Strip Resorts, Regional Operations, and MGM China. 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. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. 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. Michael Burry is capturing headlines recently for predicting another stock market crash. In the coming years, it can be said with conviction that Michael Burrys stocks portfolio is only to prosper more. During 2000-2008, he logged returns, calculating up to 489.34%. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. valuations for each stock, which positions are undervalued, have low PE Ratios, are considered high quality and recently traded at All theaters are overcrowded and the only way anyone can get out is by trampling each other. to generate high returns in the 20% to 30% range. Some of these brands are HSN, Garnet Hill, and Ballard Designs. Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. 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 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! A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. is originally published on Insider Monkey. In addition to that, it also owns 7 million fiber strand miles and many other components of the communication sector throughout The States. For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. 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. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! Burry recently. 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. 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. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. A Michael Burry expert breaks down what makes the 'Big Short' investor special. Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter. Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. Shares, change to shares, sold shares - split-adjusted. In this article, we discuss the 4 best stock picks and portfolio performance of Michael Burry. Michael Burry, the California-born hedge fund manager with a background in biology, is one of the names that fits this description. Its distributions are conferred to many international countries, including Canada. The forward yield was 2.65%. It has its workload revolving around acquisition and construction. , is behind the latter. Reported in March of 2022 UNIT held more than 125,000 fiber route miles. Fundamental company data provided by Morningstar, updated daily. Alibaba and JD.com are both Chinese e-commerce businesses. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. It functions as a cable operator and broadband connectivity provider, catering to both residential and commercial clients in the United States. We still like this investment. 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. Back then they werent called hedge funds, they were called partnerships. He cashed out all of his BBBY shares by mid-August, making roughly $110 million. The average profit margin of the companies in this portfolio is 9.11%. This investment adviser does not provide advice to individual investors. 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. NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. Yearly payout to shareholders per share. 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. In which he had credit default swap short positions against "Mortgage Backed Securities. The services provided by Lumen Technologies encompass communications, cloud, and network services. 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. Michael Burry has invested in some of the most spread-out and wealthiest companies in all the U.S. Michael Burry is capturing headlines recently for predicting another stock market crash. ", 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.". Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. The Asia Pacific and Africa are also other countries where LUMN operates. During the third quarter, Scion Asset Management made new purchases in 3 stocks, additional purchases in none, sold out of 19, and reduced holdings in 2 stocks. If you want to read our detailed analysis of these stocks, go directly to the Michael Burry Stock . Williams Trading analyst Sam Poser on January 16 upgraded Wolverine World Wide, Inc. (NYSE:WWW) to Buy from Hold with a price target of $18, up from $13. The Scion Asset Management chief warned of a dramatic decline in stocks, and forecasted. In this article, we discuss 13 stocks that Michael Burry is buying and selling. 14 min read. 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. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. 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 analyst highlighted the Future Vertical Lift program as a big opportunity for Lockheed Martin Corporation (NYSE:LMT). Access your favorite topics in a personalized feed while you're on the go. 10 stocks we like better than Alibaba Group. Several other hedge funds also hold bullish positions in the company. Please visit the "Stock Picks" tab to see the latest guru trades and stock picks for Michael Burry, which include data from 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. Michael Burry, the investor of "The Big Short" fame, slashed his US stock portfolio to a single holding in the second quarter, a Securities and Exchange Commission filing showed on Monday.. 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. A higher ratio indicates a higher risk. Qurate Retail, Inc. (NASDAQ:QRTEA) is engaged in the video and online commerce industries in North America, Europe and Asia. The answer is water. Similarly, a college student named Jake Freeman revealed a 6.2% stake in late July. In addition to Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD), Burry added MGM Resorts International (NYSE:MGM) to his portfolio during the December quarter. Israel Englanders Millennium Management is the leading stakeholder of the company, with 1.19 million shares worth $19.5 million. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio 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. Even today when considering total assets, WFC is the fourth largest bank in The States. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. Other types of investors are foundations and trusts, businesses, and family offices. Michael burry saw that ultimately fundamentals would bring the truth about the real value of these securities and many would plummet to zero! On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. With a record $150 billion backlog and almost 30% of its revenue coming from building F-35 aircraft with deliveries forecast to reach 180 per year in 4-5 years (3Qs revenue upside was from the F-35), we believe LMT should grow at a higher rate than overall defense budget growth and Street expectations over the next several years. Burry opened a new position in Meta Platforms, Inc. (NASDAQ:FB) in the first quarter of 2021 after selling off the previous stake in late 2020. The active rig count in the U.S. is at all-time lows. 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%.