Scion Asset Managements Stake Value: $2,445,000 (After a 70% Decline in Stake in Q4). Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. Burry stopped betting against Cathie Wood's ARK and Tesla. Feb 9. Michael Burry Stock Portfolio: 10 Stocks He Sold Since 2015, Michael Burrys 13f filing has been coming out to educate the world on investing. 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 fall in wealth is unsurprising given the dramatic pivot in monetary policy that culminated in the worst performance for the traditional blended portfolio . Back then they werent called hedge funds, they were called partnerships. 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! He launched his hedge fund in 1956 with $105,100 in seed capital. Earlier in August, Burry had also sparred with Wood. The company has been thriving since 1993 and is venturing into Canada too. The investor of "The Big Short" fame quadrupled his stake in Geo Group, which invests in private prisons and mental-health facilities, to just over 2 million shares worth $15.5 million at the end of September. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealedon Tuesday. Steel City Capital made the following comment about Liberty Latin America Ltd. (NASDAQ:LILA) in its Q3 2022 investor letter: Liberty Latin America Ltd. (NASDAQ:LILA) has been a dog this year, declining nearly 45% through the end of the third quarter. To navigate the uncertain equity market in 2023, some of the stocks that Big Short Michael Burry is buying include Black Knight, Inc. (NYSE: According to Insider Monkeys Q3 data, 68 hedge funds were long Charter Communications, Inc. (NASDAQ:CHTR), and. At least in BBBY's case, he was right on the money. Charter Communications, Inc. (NASDAQ:CHTR) was founded in 1993 and is headquartered in Stamford, Connecticut. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. Fundamental company data provided by Morningstar, updated daily. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. We initially share this idea in October 2018 and the stock already returned more than 150%. Actually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as fees. The services provided by Lumen Technologies encompass communications, cloud, and network services. Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. Source: 13F filing, Author. 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. The chief of Scion Asset Management 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. 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%). It operates through three segments CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. Discovery Inc. is a massive multinational media chain originating from America. 52-week lows, etc. In Michael Burry's portfolio Q2 2021, the first thing to catch an eye was that Scion Asset Management bought 2,355 bearish (put) contracts against the ARK Innovation ETF during the second quarter and held them through the end of the period.However, he decided to sell that option and is currently no longer holding it. The Scion Asset Management chief warned of a dramatic decline in stocks, and forecasted. automatically! Therefore, it seems to maintain a high position in the communications industry. Despite his education in both economics and medicine, Burry currently chooses to practice the former. QRTEA consists of seven brands that are always ahead of its competing forces. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Liberty Latin America Ltd. (NASDAQ:LILA) provides fixed, mobile, and subsea telecommunications services. 'Big Short' Investor Michael Burry Says Expect 'Tuition Hikes' If We Alibaba and JD.com are both Chinese e-commerce businesses. Michael Burry is widely known for predicting the 2008 Financial Crisis & Housing bubble, popularised in the Oscar Winning Movie "The Big Short" (2015). 'Big Short' Michael Burry in 2022: Crash, Recession, Stocks, Tesla It owns and manages casino, hotel, and entertainment resorts in the United States and Macau. RPT Realty is a company based in New York, in The United States of America. CoreCivic, Inc. (NYSE:CXW) is a Tennessee-based company that owns and manages partnership correctional, detention, and residential reentry facilities in the United States. 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. Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. ADS and ADR are traded on US stock exchanges but represent ownership of foreign-listed companies. 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. The analyst highlighted the Future Vertical Lift program as a big opportunity for Lockheed Martin Corporation (NYSE:LMT). On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. 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. Fourth quarter adjusted EBITDA of $5.5 billion grew by 1.9% year-over-year. 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. The success of Burry is an exception in the world of finance that. Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. Disclosure: None. Market cap divided by the revenue in the most recent year. ", 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.". Michael Burry's 2022 Portfolio: Top 5 Stock Picks Overall, Scion grew its US stock portfolio from six positions to nine, and its total value swelled by 13% to about $47 million. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. Meta Platforms, Inc. (NASDAQ:FB) has featured in the Scion portfolio since early 2020. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. Portfolio value: $46M+ Period: 2022 Q4 Number of stock: 9 Update: 14 Feb 2023 Important That means much bigger government. Michael Burry is a successful investor, hedge fund manager, and physician. He was only holding Geo group Inc. stock in the second quarter of 2022. 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. 3 Reasons to Sell Your Defense Stocks Now | InvestorPlace 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. Even today when considering total assets, WFC is the fourth largest bank in The States. The chief of Scion Asset Management went as far as to say that it was the greatest speculative bubble and would lead to the mother of all crashes. 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). *Average returns of all recommendations since inception. Burry swapped out all but two of the holdings in his US stock portfolio. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. Never miss a trade Making the world smarter, happier, and richer. 'Big Short' Star Michael Burry Bought Alibaba, MGM, JD.com Stock in Q4 Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. As the Supreme Court considers President Joe Biden's student loan forgiveness plan, Burry wrote in a series . Meanwhile, at the latest, Michael Burrys investments in GameStop have earned him a gain of 1,500%. Michael Burry is an American investor, and hedge fund manager. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. Price to Book Ratio is the Market cap divided by the Book value of the company. Along with Tesla, Inc. (NASDAQ:TSLA), ARK Innovation ETF (NYSE:ARKK), Alphabet Inc. (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:FB), Discovery, Inc. (NASDAQ:DISCA), CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS), NOW Inc. (NYSE:DNOW) is one of the stocks that hedge funds are buying. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. 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. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. Registration on or use of this site constitutes acceptance of our. So Im not quite sure why it has underperformed the broader market so significantly. In his research note titled "Aerospace & Defense 2023 Outlook - We Favor Defense and Aero Aftermarket," he recommends a cautious approach due to the challenges that impacted the sector in 2022, which are expected to continue in 2023, including the possibility of a recession, ongoing supply chain pressures, and uncertainties regarding COVID recovery. Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. , an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Michael Burry Performance Scion Asset Management, LLC Portfolio 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. 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. Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. We still like this investment. 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. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 On January 9, Truist analyst Michael Ciarmoli raised the firm's price target on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to $58 from $45. Meta Platforms, Inc. (NASDAQ:FB) develops and markets products that enable people to connect. 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 functions as a cable operator and broadband connectivity provider, catering to both residential and commercial clients in the United States. 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. It operates in two segments, Aerospace and Defense, and Real Estate. It has shown grand returns as latest as reported in 2022, Dr. Michael Burrys holdings and portfolio are as large as approximately $104 million in AMU. Burry's new positions are as follows: Charter Communications ( CHTR) CoreCivic Inc. ( CXW) Aerojet Rocketdyne Holdings Inc. ( AJRD) Liberty Latin America ( LILA) Qurate Retail ( QRTEA) In addition, Michael Burry increased his position in GEO Group ( GEO) by more than three times. Michael Burry is an American investor, and hedge fund manager. On February 8, CoreCivic, Inc. (NYSE:CXW) reported a Q4 FFO of $0.42 and a revenue of $471.43 million, outperforming Wall Street consensus by $0.09 and $2.38 million, respectively. 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. 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. Click to continue reading and see Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. The Motley Fool has a disclosure policy. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. 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. 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.
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