This is basically a recipe to generate better returns than Warren Buffett is achieving himself. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. If you choose to subscribe throughfool.com/parkev, he will earn some extra money that supports his channel. In this article, we discuss 13 stocks that Michael Burry is buying and selling. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm. So, how did Warren Buffett manage to generate high returns and beat the market? 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. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealed on Tuesday. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! None. 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. Therefore, it would not be shocking to see Michael Burrys returns rocketing up by large numbers. The value of Burry's portfolio jumped from about $3 million to over $41 million. 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. Burry isn't the only notable investor to show interest in BBBY. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. As of December 31, 2020, the carrying value of our investment exceeded the fair value based on the quoted market price by $2.0 billion (15% of carrying value). Copyrights 2021-2023 Valuesider All rights reserved. Burry added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 million. 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. It owned 1 million BBBY shares worth almost $11 million on June 30, 2020. The beta of the portfolio is 1.13. Invest better with The Motley Fool. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. The hedge fund of the latter has a very bullish stance on Musk and Tesla, Inc. (NASDAQ:TSLA). Israel Englanders, According to Insider Monkeys third quarter database, 53 hedge funds were long MGM Resorts International (NYSE:MGM), compared to 46 funds in the prior quarter. The business is highly predictable so there havent been any surprises on the operational front, and virtually all of its floating-rate debt has been swapped, thereby protecting it from this years rapid rise in interest rates. 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. Channels lying in the dominion of DISCA are Animal and Science Planet, Discovery Channel, and TLC. Additionally, this management of the clients investments, ensures that success rates of the clients also go up. 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. We also made adjustments to the portfolios top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. 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. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. In this article, we discuss 13 stocks that Michael Burry is buying and selling. 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. 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. Mortgage Backed Securities (MBS) are a collection of Home loan mortgages compiled together to create an investment security. SkyWest, Inc. (NASDAQ:SKYW) was incorporated in 1972 and is headquartered in St. George, Utah. The current portfolio value is calculated to be $47.00 Mil. valuations for each stock, which positions are undervalued, have low PE Ratios, are considered high quality and recently traded at Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. Bank of America Global Research data. This investment adviser does not provide advice to individual investors. is a leading shareholder in Lockheed Martin Corporation (NYSE:LMT) with 561,512 shares worth more than $193 million. We believe the financial strength of our holdings is far above the typical energy company. 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. 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. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. Below is the Michael Burry portfolio today based on the 3rd quarter 13f filing as of 9/30/22 with the SEC. It operates in two segments, Aerospace and Defense, and Real Estate. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. To make the world smarter, happier, and richer. It has its workload revolving around acquisition and construction. The Partnership has been a buyer at these levels., Scion Asset Managements Stake Value: $2,063,750. 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! Its distributions are conferred to many international countries, including Canada. Burry also made famous multi-million dollar bearish bets against Tesla, Inc. (NASDAQ: ) and ARK Innovation ETF (NYSE:ARKK), famously sparring with Elon Musk, the owner of the former, and Cathie Wood, the investor whose hedge fund. On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. If you want to see more stocks in this selection, check out 5 Stocks Big Short Michael Burry Is Buying and Selling. Burry's total holdings now total $41,298,000 in value and has six total positions after adding five new positions in the three months after the second quarter filing. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. It is also in the lead of the mobile and social commerce race. Berkshire and its subsidiaries hold investments in certain businesses that are accounted for pursuant to the equity method. 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. Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. My Top Michael Burry Stock to Buy Now in March, 1 Thing Everyone Missed About Alibaba's Quarter. 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. 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. 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. 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. It is one of the most popular stocks among hedge funds. 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. "It's time memesters look up what a death spiral convertible is," he said. This years free cash flow guide is for $120 million (ex. He's now 51 years old. The products that Burrys company provides to its customers include a wide range of Institutional Advisory Services and Investment Products. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. However, we will continue to monitor this investment and it is possible that an impairment loss will be recorded in earnings in a future period based on changes in facts and circumstances or intentions.. Currently, the most significant of these is our investment in the common stock of The Kraft Heinz Company (Kraft Heinz). 214.91% 10-Year Performance . It is safe to say, it can also produce world-class SSDs thereby, having close competition with Micron Technology, as well as Seagate Technology. Since 2015, Michael Burrys 13f filing has been coming out to educate the world on investing. Other products are safety supplies, drills, and paints. Several elite hedge funds are bullish on the company as a new fiscal year begins. 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.. Pason and NOW represent our fourth and fifth investments in the energy sector. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are. 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. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. Michael Burry, the California-born hedge fund manager with a background in biology, is one of the names that fits this description. So Im not quite sure why it has underperformed the broader market so significantly. 1-Year Performance. 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%. 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. Michael Burry's Scion Capital Management dumped his entire stock portfolio in the second quarter as the "Big Short" hedge fund legend stepped up his warnings about a looming stock market . He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. As the Supreme Court considers President Joe Biden's student loan forgiveness plan, Burry wrote in a series . He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. Replying to . In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:FB) was one of them. 9 min read. A Michael Burry expert breaks down what makes the 'Big Short' investor special. 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. Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. 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. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. However, he sold up in August, bagging an estimated $68 million profit. , an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. Lumen Technologies does not only deliver its services in The States; but, over the years, it has extended to Europe and the Middle East. During 2000-2008, he logged returns, calculating up to 489.34%. 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. Michael Burry is a legendary investor & hedge fund manager. 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. The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. Yearly payout to shareholders per share. Michael Burrys current investments also lie in Uniti Group Inc., which makes a contribution of 6.08% of Michael Burrys portfolio, valuing up to $8,504,000. Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. It's calculated by multiplying the share price by the number of outstanding 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 . QRTEA consists of seven brands that are always ahead of its competing forces. 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. In the following year 2019 rankings in America that were calculated based on total revenue by Forbes 500, Allstate Corp. held the 79th position. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Charter Communications, Inc. (NASDAQ:CHTR) was founded in 1993 and is headquartered in Stamford, Connecticut. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . 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. The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks. 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. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. Burry recently. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. 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. 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 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. All theaters are overcrowded and the only way anyone can get out is by trampling each other. In light of this fact, we evaluated our investment in Kraft Heinz for impairment. automatically! Michael Burry did not buy any new stocks in the current portfolio. For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. Berkshire currently owns 325,442,152 shares of Kraft Heinz common stock representing 26.6% of the outstanding shares. And still the door is only so big.". Nevertheless, in 2013, Dr. Michael Burry founded another firm called Scion Asset Management, which has now become a vital portion of the portfolio of Michael Burry. is originally published on 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. That would have been 9.35% in hedge fund fees. Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a Securities and Exchange Commission filing revealedon Tuesday. RPT Realty is the operator behind most shopping centers that are providing its services in open-air. Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. Michael Burry said there will be "terrible consequences" if student debt is cancelled. In which he had credit default swap short positions against "Mortgage Backed Securities. According to Insider Monkeys Q3 data, 68 hedge funds were long Charter Communications, Inc. (NASDAQ:CHTR), and Harris Associates held the biggest position in the company, comprising 4.3 million shares worth $1.3 billion. 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. NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. Meta Platforms, Inc. (NASDAQ:FB) has featured in the Scion portfolio since early 2020. The top 5 stocks still make up about 76% of the total . 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. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. To add to its success story, it is one of the 10 best e-commerce companies in America. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. The company is a new holding in the portfolio of Scion Asset Management. Michael Burry is capturing headlines recently for predicting another stock market crash. Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. 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. The Asia Pacific and Africa are also other countries where LUMN operates. as well as other partner offers and accept our, Securities and Exchange Commission filing revealed. Never miss a trade 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. During the third quarter, this position was sold off entirely. You can enter your email below to get our FREE report. We put 7 burning questions to top economist David Rosenberg. These are known to operate beyond the U.S. borders. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Disclosure: None. 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. 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. By clicking Sign up, you agree to receive marketing emails from Insider Widely known to function as a telecommunications company, Lumen Technologies is a company based in America. Michael Burry made an estimated $300 million net worth by correctly predicting the housing market crash of 2008 Burry's current investments are gold, farmland, private prisons, tech stocks, and cash Farmland has historically outpaced traditional investments and has a negative correlation to stocks 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%). 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. The Geo Group is best known to own the immigrant detention centers in The United States. 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. 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. Burry stopped betting against Cathie Wood's ARK and Tesla. However, they were still rated AAA (Investment grade) by many credit Agencies! Source: 13F filing, Author. It has been a favorite hedge fund stock for years. Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. The investments that this company makes are mainly in constructing and running prisons. 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. Its selling for half of book value.