Several elite hedge funds are bullish on the company as a new fiscal year begins. Read the original article on Business Insider. 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. 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. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. "The fall in wealth is unsurprising given the dramatic pivot in monetary policy that culminated in the worst performance for the traditional blended portfolio . The hedge fund sentiment around the securities was assessed from Insider Monkeys Q3 2022 database of around 920 elite funds. Burry added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 million. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. 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. 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.. It has been a favorite hedge fund stock for years. 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. He's also known for investingin GameStop before it became a meme stock,betting against Elon Musk's Tesla and Cathie Wood's flagship Ark fund last year, and making grim predictions about market crashes and economic catastrophes. 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. In this article, we discuss 13 stocks that Michael Burry is buying and selling. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. Some of these brands are HSN, Garnet Hill, and Ballard Designs. Click to continue reading and see Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. 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. Most of these channels are sold to media industries worldwide and are not only restricted to the televisions of Americans. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. 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. 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%). In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. is originally published on Insider Monkey. Burry's Scion Asset Management also purchased 100,000 shares of MGM, a position worth $3.4 million at last quarter's close. Source: 13F filing, Author. 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. highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. The video was published on Feb. 16, 2023. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are. "It's time memesters look up what a death spiral convertible is," he said. It has shown grand returns - as latest as reported in 2022, Dr. Michael Burry's holdings and portfolio are as large as approximately $104 million in AMU. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Please visit the "Summary" page to see the top 10 holdings, recent stock picks, performance, sector / industry breakdown details, as well as past holding history summary for Michael Burry. When energy companies reduce activity, NOW suffers. Learn More. 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. This stake is worth more than $1.1 million and consists of 150,000 shares. I believe it will make millions of Americans vastly wealthier. 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. , an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ: 10 Best Bank and Finance Stocks to Buy According to Mario Gabelli, 10 Best SPACs to Invest In According to Reddit. 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. 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. Apparently, in 2004, Michael Burry had to stop taking on new work because he was already trying to handle $600 million. CoreCivic, Inc. (NYSE:CXW) is a Tennessee-based company that owns and manages partnership correctional, detention, and residential reentry facilities in the United States. SBC) by 2024, meaning shares have been trading in a range of 4-6x price to free cash flow. We selected the 13 stocks from Michael Burrys Q4 2022 portfolio which he either sold off entirely, trimmed his position in, or added to his holdings during the quarter. Overall, Scion grew its US stock portfolio from six positions to nine, and its total value swelled by 13% to about $47 million. Shares, change to shares, sold shares - split-adjusted. 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. He cashed out all of his BBBY shares by mid-August, making roughly $110 million. These are known to operate beyond the U.S. borders. He has also cautioned that the Fed may hesitate to intervene in order to support asset prices, as it could intensify inflation. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. RPT Realty is the operator behind most shopping centers that are providing its services in open-air. 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 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. It has its workload revolving around acquisition and construction. We still like this investment. The beta of the portfolio is 1.13. He was born in San Jose, California on June 19, 1971. 5 Stocks to Buy Based on Michael Pausic's Foxhaven Asset Management Portfolio 5 Stocks to Buy According to David Fear's Thunderbird Partners, Retirement Stock Portfolio: 5 Safe Tech Stocks To Consider, 5 Best Stocks to Buy Today According to Value Investor David Abrams, Senator John Hickenlooper Latest Portfolio: 3 Stocks to Watch, 5 Best Stocks To Buy According To Terry Smith's Fundsmith LLP. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. If you want to see more stocks in this selection, check out 5 Stocks Big . 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. The value of Burry's portfolio jumped from about $3 million to over $41 million. Having its headquarters located in California, it functions with only six clients in total. This investment adviser does not provide advice to individual investors. This reopening followed nearly three years of restrictions on travel and commerce. Its distributions are conferred to many international countries, including Canada. 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. As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. Alibaba and JD.com are both Chinese e-commerce businesses. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. None. To add to its success story, it is one of the 10 best e-commerce companies in America. Despite his education in both economics and medicine, Burry currently chooses to practice the former. Burry manages Scion Asset Management with a portfolio value of . Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock portfolio. He was only holding Geo group Inc. stock in the second quarter of 2022. It is reported that in GameStop, he reported 1.7 million shares, and his returns peaked at a value of $271 million. Percentage of Stake Sold in Q4 2022: 100%. Several elite hedge funds are bullish on the company as a new fiscal year begins. My Top Michael Burry Stock to Buy Now in March, 1 Thing Everyone Missed About Alibaba's Quarter. Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. Pason and NOW represent our fourth and fifth investments in the energy sector. 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. The form of media delivered by DISCA is television channels, and unlike most television channels displaying fictional shows, DISCA owns a chain of factual channels for general knowledge and awareness purposes. In 2002, Scion was up 16%, while the S&P 500 fell 22.1%. We initially share this idea in October 2018 and the stock already returned more than 150%. Michael Burry, the California-born hedge fund manager with a background in biology, is one of the names that fits this description. 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. 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. Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. 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. During 2000-2008, he logged returns, calculating up to 489.34%. as well as other partner offers and accept our, Securities and Exchange Commission filing. We believe the financial strength of our holdings is far above the typical energy company. The idea between these securities is risk was "supposed" to be diversified. Michael Burry is capturing headlines recently for predicting another stock market crash. The Asia Pacific and Africa are also other countries where LUMN operates. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. However, they were still rated AAA (Investment grade) by many credit Agencies! For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. Burry recently. My Top Michael Burry Stock to Buy Now in March | Super Investors. 14 min read. Michael Burry. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. 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. In the fourth quarter of 2022, Burry sold the entirety of his stake in the company. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. In the broad electronics industry that the world has with the prevailing level of technology, WDC has been a contributor to it for a very long time. Indicates a company's profitability in relation to its total assets. Burry sold all but one of his holdings in the second quarter of this year, after sounding the alarm on the "greatest speculative bubble of all time in all things" last summer, and warning owners of meme stocks and cryptocurrencies they were careening toward the "mother of all crashes. Burry isn't the only notable investor to show interest in BBBY. 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. ADS and ADR are traded on US stock exchanges but represent ownership of foreign-listed companies. 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. 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. Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. Michael Burry is widely known for predicting the 2008 Financial Crisis & Housing bubble, popularised in the Oscar Winning Movie "The Big Short" (2015). , is behind the latter. 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. We initially share this idea in October 2018 and the stock already returned more than 150%. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. It indicates the company's profitability. Indicates the relationship between the price performance of a share and the market. Discovery Inc. is a massive multinational media chain originating from America. Here is what the fund said: Despite better-than-expected third quarter results, LMT shares were weak for the quarter as defense spending is expected to be flat for the coming year. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. All Rights Reserved. At least in BBBY's case, he was right on the money. If you want to skip our detailed analysis of these stocks, go directly to the Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. At the end of 2022, Scion only held nine stocks, and 56% of his portfolio was invested in . 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. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. RPT Realty is a company based in New York, in The United States of America. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. The success of Burry is an exception in the world of finance that. 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%). Please visit the "Stock Picks" tab to see the latest guru trades and stock picks for Michael Burry, which include data from . Meta Platforms, Inc. (NASDAQ:FB) develops and markets products that enable people to connect. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. Therefore, it is safe to say that Michael Burrys wealth has accumulated through investment stocks. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. 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. Since 2015, Michael Burrys 13f filing has been coming out to educate the world on investing. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. JPMorgan analyst . Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. Easily embed the chart on your blog or website it will always update Israel Englanders Millennium Management is the leading stakeholder of the company, with 1.19 million shares worth $19.5 million. 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 functions as a cable operator and broadband connectivity provider, catering to both residential and commercial clients in the United States. 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. The market value of the company. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. Despite the bets on a select few companies, Burry has issued several dire warnings to investors this year, likely in response to the stock market's breathless rally in recent weeks.