QRTEA consists of seven brands that are always ahead of its competing forces. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. Currently, the most significant of these is our investment in the common stock of The Kraft Heinz Company (Kraft Heinz). Copyrights 2021-2023 Valuesider All rights reserved. If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . Here is what the fund said: We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. 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. The analyst advised investors to focus on defensive, high-quality, and recession-resistant companies, with a specific emphasis on those that are expected to perform relatively better. On another occasion in 2018, by total assets, Wells Fargo became the fourth largest bank in the United States of America. date of 2022-12-31. 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. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealed on Tuesday. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. Reported in March of 2022 UNIT held more than 125,000 fiber route miles. 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. Here is what the firm said: We exclude our The Kraft Heinz Company (NASDAQ:KHC) holding 325,442,152 shares (In the list of 15 common stock investments that at yearend were our largest in market value) because Berkshire is part of a control group and therefore must account for that investment using the equity method. 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. Now Inc an American company whose parent company is Distribution Now makes 7.7% of his portfolio. 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. SBC) and theres a line-of-sight to $300+ million (ex. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. So, how did Warren Buffett manage to generate high returns and beat the market? Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. It is involved in choosing the best buyers across the world, selling products that depict a hidden story or have a deep meaning behind it. 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. Michael Burry is a successful investor, hedge fund manager, and physician. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. Meanwhile, at the latest, Michael Burrys investments in GameStop have earned him a gain of 1,500%. 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. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. 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. is originally published on Insider Monkey. , is behind the latter. 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%. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. . 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. MGM Resorts International (NYSE:MGM) was incorporated in 1986 and is based in Las Vegas, Nevada. Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle Despite his education in both economics and medicine, Burry currently chooses to practice the former. Michael Burry Stock Portfolio: 10 Stocks He Sold LUMN mainly flourishes in the information technology sector and industry. Registration on or use of this site constitutes acceptance of our. 3 Reasons to Sell Your Defense Stocks Now | InvestorPlace Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. The forward yield was 2.65%. 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. Meta Platforms, Inc. (NASDAQ:FB) develops and markets products that enable people to connect. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. Big Short investor Michael Burry of Scion Asset Management, along with hedge fund managers Farallon Capital Management and Coatue Management, made significant investments in Chinese companies prior to the reopening of China's borders in January. It's calculated by multiplying the share price by the number of outstanding shares. The Motley Fool has a disclosure policy. Keith Meisters Corvex Capital is the largest stakeholder of the company, with 6.67 million shares worth $198.3 million. Read the original article on Business Insider. Since 2015, Michael Burrys 13f filing has been coming out to educate the world on investing. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. 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. According to Insider Monkeys Q3 data, 17 hedge funds were long CoreCivic, Inc. (NYSE:CXW), with combined stakes worth $57.4 million. Ratio between share price and earnings per share. Along the way, I believe Biden could become one of the most powerful Presidents in history. Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. 'Big Short' Star Michael Burry Bought Alibaba, MGM, JD.com Stock in Q4 From his first company, Michael Burry was able to earn huge profits and positive returns from the beginning for his investors. Never miss a trade Israel Englanders Millennium Management is the leading stakeholder of the company, with 1.19 million shares worth $19.5 million. *Stock prices used were the afternoon prices of Feb. 14, 2023. If you want to see more stocks in this selection, check out 5 Stocks Big Short Michael Burry Is Buying and Selling. 13F quarterly reports, 13D/G beneficial ownership reports and form 4 insider ownership change reports. This stake is worth more than $1.1 million and consists of 150,000 shares. Uniti Group Inc. is a real estate investment trust, headquartered in America. Access your favorite topics in a personalized feed while you're on the go. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. 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, a value investor, presumably bought into BBBY because he determined it was oversold and undervalued. Michael Burry said there will be "terrible consequences" if student debt is cancelled. The company has a sweeping influence on sellers of America, owning 49 shopping centers in the country in total, meaning that the land owned by RPT is approximately 11.9 million sq. Ken Griffins Citadel Investment Group held the largest position in the company, consisting of 1.5 million shares worth $13.8 million. 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. It is safe to say, it can also produce world-class SSDs thereby, having close competition with Micron Technology, as well as Seagate Technology. Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks In which he had credit default swap short positions against "Mortgage Backed Securities. 10 stocks we like better than Alibaba Group. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. ADS and ADR are traded on US stock exchanges but represent ownership of foreign-listed companies. Similarly, a college student named Jake Freeman revealed a 6.2% stake in late July. Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. What did Warren Buffett Add to his Portfolio? | by Viranchi Aggarwal Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Michael Burry is an American investor, and hedge fund manager. Warren Buffett took 25% of all returns in excess of 6 percent. 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. 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. 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. Even so, we have kept our exposure to the energy sector in check given our concerns about the overall economy.. It owns and manages casino, hotel, and entertainment resorts in the United States and Macau. He's now 51 years old. Burry, whose bet against subprime mortgages . The popular investment manager has been vocal on social media telling investors to sell their stocks and. Michael Burry is Loading Up on These 9 Stocks - Insider Monkey Out of these private investment funds, investors may be individuals with high net worth, a fund of hedge funds, and organizations indulged in charity work. Cost basis and return based on previous market day close. 'Big Short' investor Michael Burry warns of 'terrible consequences for Easily embed the chart on your blog or website it will always update 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. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000.