It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits. The popular investment manager has been vocal on social media telling investors to sell their stocks and take a defensive position. The average profit margin of the companies in this portfolio is 9.11%. Through other media forums, such as apps and websites, QRTEA can reach even more people globally. Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 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. Analytical Laboratory Instrument Manufacturing, Crude Petroleum and Natural Gas Extraction, All Other Miscellaneous Chemical Product and Preparation Manufacturing, Biological Product (except Diagnostic) Manufacturing, Semiconductor and Related Device Manufacturing, Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers, Offices of Real Estate Agents and Brokers, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Commercial and Institutional Building Construction. So, what did Michael Burry invest in for Big Short? Registration on or use of this site constitutes acceptance of our. 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. Baron Funds made the following comment about MGM Resorts International (NYSE:MGM) in its Q3 2022 investor letter: MGM Resorts International (NYSE:MGM) is a leading global casino and entertainment company with 29 unique hotels and casinos including some of the most recognizable resort brands such as Bellagio, MGM Grand, ARIA, and Park MGM. Scion Asset Managements Stake Value: $3,353,000. Michael Burry Performance Scion Asset Management, LLC Portfolio Never miss a trade. This investment adviser does not provide advice to individual investors. Therefore, it would not be shocking to see Michael Burrys returns rocketing up by large numbers. $48 Million Total portoflio value. In the third quarter of 2022, Michael Burry acquired 155,761 shares of Liberty Latin America Ltd. (NASDAQ:LILA) worth $958,000. 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. Burry isn't the only notable investor to show interest in BBBY. 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. Channels lying in the dominion of DISCA are Animal and Science Planet, Discovery Channel, and TLC. 52-week lows, etc. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . He's also known for betting againstElon Musk'sTeslaand Cathie Wood'sArk Innovation fund last year, and forinvestinginGameStop before it skyrocketed in January 2021 and kickstarted the meme-stock craze. If you want to skip our detailed analysis of these stocks, go directly to the, 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 Hollywood film named. Wolverine World Wide, Inc. (NYSE:WWW) is a Michigan-based company that manufactures, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Sweaty Betty, Wolverine, and Stride Rite brands. as well as other partner offers and accept our, Securities and Exchange Commission filing. 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. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. The hedge fund sentiment around the securities was assessed from Insider Monkeys Q3 2022 database of around 920 elite funds. Below is the Michael Burry portfolio today based on the 3rd quarter 13f filing as of 9/30/22 with the SEC. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. Our largest energy holding is Helmerich & Payne, the nations largest drilling contractor. These returns have duly contributed to the exceptional Michael Burry portfolio. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. 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. Portfolio value: $46M+ Period: 2022 Q4 Number of stock: 9 Update: 14 Feb 2023 Important The idea between these securities is risk was "supposed" to be diversified. 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. @burrytracker. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. Michael Burry bolstered his US stock portfolio from one holding to six in the third quarter, a Securities and Exchange Commission filing revealed on Monday. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. 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. Scion Asset Management, according to its Q1 2022 portfolio, owned a $17.97 million stake in the company consisting of 75,000 shares, which represented 8.92% of its total holdings. Diamond Hill Capital made the following comment about Wolverine World Wide, Inc. (NYSE:WWW) in its Q4 2022 investor letter: Footwear and apparel company Wolverine World Wide, Inc. (NYSE:WWW) underperformed as softer demand and elevated inventory levels have necessitated higher-than-expected promotional activity, weighing on near-term profitability. Among the hedge funds being tracked by Insider Monkey, New York-based firm. Access your favorite topics in a personalized feed while you're on the go. SBC) by 2024, meaning shares have been trading in a range of 4-6x price to free cash flow. 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.. Refer a Friend and Earn One Month of Free Membership. Feb 9. All Rights Reserved. If you want to see more stocks in this selection, check out 5 Stocks Big Short Michael Burry Is Buying and Selling. It's calculated by multiplying the share price by the number of outstanding shares. On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. Several other hedge funds also hold bullish positions in the company. Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. Fundamental company data provided by Morningstar, updated daily. 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. Ratio between share price and earnings per share. On February 8, MGM Resorts International (NYSE:MGM) reported a Q4 non-GAAP loss per share of $1.53 and a revenue of $3.59 billion, topping market estimates by $0.04 and $240 million, respectively. Burry also made famous multi-million dollar bearish bets against Tesla, Inc. (NASDAQ:TSLA) and ARK Innovation ETF (NYSE:ARKK), famously sparring with Elon Musk, the owner of the former, and Cathie Wood, the investor whose hedge fund, ARK Investment Management, is behind the latter. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealed on Tuesday. 9.47% 3-Year Performance. Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. Most of these channels are sold to media industries worldwide and are not only restricted to the televisions of Americans. During 2000-2008, he logged returns, calculating up to 489.34%. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. It is one of the most popular stocks among hedge funds. 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. The company is a new holding in the portfolio of Scion Asset Management. When our award-winning analyst team has a . 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. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. ADS and ADR are traded on US stock exchanges but represent ownership of foreign-listed companies. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. Mortgage Backed Securities (MBS) are a collection of Home loan mortgages compiled together to create an investment security. The Asia Pacific and Africa are also other countries where LUMN operates. Price to Book Ratio is the Market cap divided by the Book value of the company. 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. 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%). The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 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. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. It contributes 5.49% of his stocks, and therefore, it has a value of $7,679,000. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. Click to skip ahead and . In which he had credit default swap short positions against "Mortgage Backed Securities. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June . 338.80% 5-Year Performance. For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. Apparently, in 2004, Michael Burry had to stop taking on new work because he was already trying to handle $600 million. 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 added SkyWest, Inc. (NASDAQ:SKYW) to his Q4 portfolio by acquiring 125,000 shares worth $2.06 million. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). 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. Here is what Weitz Partners Value Fund has to say about Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2022 investor letter: Liberty Broadbands primary asset is a 26% stake in Charter Communications (NASDAQ:CHTR). He launched his hedge fund in 1956 with $105,100 in seed capital. Excluding options, the retailer was its number-two position after a nearly $12 million stake in GameStop, making BBBY a key piece of its $91 million portfolio. Data from around 900 elite hedge funds tracked by Insider Monkey was used to identify the number of hedge funds that hold stakes in each firm. The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. 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. 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. Burry recently. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Yet Burry tweeted an apparent warningthat the agreement could end badly. The percentage indicates the payout in relation to the share price. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. He maintained a Hold rating on the shares. However, he sold up in August, bagging an estimated $68 million profit. Disclosure: None. The popular investment manager has been vocal on social media telling investors to sell their stocks and. At the time, the legendary investor bought 1.5 million shares of NOW Inc. (NYSE:DNOW) at an average price of $5.63 per share. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Time will tell, but to paraphrase country music artist Merle Haggard, we do not yet think cables good times are really over for good.. He's also compared the stock market's rally this year to the dot-com bubble, and cautioned meme-stock buyers. Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. Read more:We put 7 burning questions to top economist David Rosenberg. 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 top 5 stocks still make up about 76% of the total . Western Digital Corporation is a company based in The United States of America that specializes in computer memory. 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). 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. Michael Burry is an American investor, and hedge fund manager. It operates through three segments CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. Read the original article on Business Insider. 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. 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. is originally published on Insider Monkey. Burry then added to that stake in the first and second quarter of 2021, increasing it by 99% and 21% respectively. Therefore, it is safe to say that Michael Burrys wealth has accumulated through investment stocks. At the end of the third quarter of 2021, 51 hedge funds in the database of Insider Monkey held stakes worth $1.2 billion in Lockheed Martin Corporation (NYSE:LMT). . Sorry, no results has been found matching your query. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. 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. We have mentioned the stocks Burry sold first, and ranked the remaining list in ascending order of his stake value. Discovery Inc. is a massive multinational media chain originating from America. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. Lockheed Martin Corporation (NYSE:LMT) operates as an aerospace and defense firm. Several elite hedge funds are bullish on the company as a new fiscal year begins. RPT Realty is a company based in New York, in The United States of America. 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. This stake is worth more than $1.1 million and consists of 150,000 shares. According to Insider Monkeys third quarter database, 26 hedge funds were bullish on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), with combined stakes worth $704.2 million. Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. Alibaba and JD.com are both Chinese e-commerce businesses. Fourth quarter adjusted EBITDA of $5.5 billion grew by 1.9% year-over-year. , is behind the latter. 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. You can enter your email below to get our FREE report. 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 decision was made following the impressive Q4 gaming and revenue per available room metrics for the Las Vegas strip, as well as positive reports from competitors in recent weeks. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. 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. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range.
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