It is reported that in GameStop, he reported 1.7 million shares, and his returns peaked at a value of $271 million. 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. It is one of the service providers of wireless functions and operations and is currently at the forefront of such providers. CoreCivic, Inc. (NYSE:CXW) is a Tennessee-based company that owns and manages partnership correctional, detention, and residential reentry facilities in the United States. The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. Burry first bought a stake in NOW Inc. (NYSE:DNOW) in the fourth quarter of 2020. All Rights Reserved. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. Today, Burry still regularly invests through his fund Scion Asset Management, although he's pretty choosy. 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. Among the hedge funds being tracked by Insider Monkey, New York-based firm. Burry added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 million. Indicates the relationship between the price performance of a share and the market. DISCA contributes largely to his investments, having a numeral share of 5.38% and a value of $7,523,000. Michael Burry Performance Scion Asset Management, LLC Portfolio Never miss a trade. With a record $150 billion backlog and almost 30% of its revenue coming from building F-35 aircraft with deliveries forecast to reach 180 per year in 4-5 years (3Qs revenue upside was from the F-35), we believe LMT should grow at a higher rate than overall defense budget growth and Street expectations over the next several years. 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. When considering our timing, we concluded, if not now, when? Enjoy a 7-Day Free Trial Thru Mar 12, 2023! However, despite many misconceptions he is currently not a Billionaire officially yet. Yearly payout to shareholders per share. Invest better with The Motley Fool. "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. 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. 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%. Naturally, that made his net worth go up. 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. For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. Meta Platforms, Inc. (NASDAQ:FB) has featured in the Scion portfolio since early 2020. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. In addition to Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD), Burry added MGM Resorts International (NYSE:MGM) to his portfolio during the December quarter. It is safe to say, it can also produce world-class SSDs thereby, having close competition with Micron Technology, as well as Seagate Technology. Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock portfolio. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. 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. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. In this article, we discuss 13 stocks that Michael Burry is buying and selling. Michael Burry did not buy any new stocks in the current portfolio. Most recent portfolio value is calculated to be $ 46,536,925 USD. It deals with providing the best investments to its clients to raise the status of their portfolios by giving them guidance on what products to choose. 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. 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. 52-week lows, etc. It is one of the most popular stocks among hedge funds. Scion Asset Managements Stake Value: $3,353,000. We initially share this idea in October 2018 and the stock already returned more than 150%. It has been a favorite hedge fund stock for years. For example S&P 500 Index returned 43.4% in 1958. is a leading shareholder in Lockheed Martin Corporation (NYSE:LMT) with 561,512 shares worth more than $193 million. A lower PEG could mean that a stock is undervalued. During the third quarter, this position was sold off entirely. William Crowley, William Harker, and Stephen Blass Ashe Capital held the leading position in the company. Access your favorite topics in a personalized feed while you're on the go. 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. 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. Once that happened, Burry warned buyers of meme stocks they were signing up for the "mother of all crashes." Michael Burry is a successful investor, hedge fund manager, and physician. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. 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. Reported in March of 2022 UNIT held more than 125,000 fiber route miles. Its distributions are conferred to many international countries, including Canada. 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. Never miss a trade Read the original article on Business Insider. He offered a one-word piece of advice in late January: "Sell." 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. 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. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. 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. As the Supreme Court considers President Joe Biden's student loan forgiveness plan, Burry wrote in a series . Both Alibaba and JD.com shares were hit hard last year by growing threats of government regulation, plus a wider exodus from risky technology stocks in the face of rising interest rates and a potential recession. Berkshire currently owns 325,442,152 shares of Kraft Heinz common stock representing 26.6% of the outstanding shares. Congrats to all those Autopilot'ing the Burry Portfolio, you should be up on this position too . Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. If you want to see more stocks in this selection, check out, He bought 75,000 shares of Chinese e-commerce firm JD.com, Inc. (NASDAQ:JD) and 50,000 shares of Chinese technology giant Alibaba Group Holding Limited (NYSE:BABA) in the December quarter. 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. Several elite hedge funds are bullish on the company as a new fiscal year begins. 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. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. In addition to that, it also owns 7 million fiber strand miles and many other components of the communication sector throughout The States. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. Currently, the most significant of these is our investment in the common stock of The Kraft Heinz Company (Kraft Heinz). He has even said that he even owns some coins. Several elite hedge funds are bullish on the company as a new fiscal year begins. 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. 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. By clicking Sign up, you agree to receive marketing emails from Insider It operates through three segments CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. Fourth quarter adjusted EBITDA of $5.5 billion grew by 1.9% year-over-year. You can enter your email below to get our FREE report. 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. The top 5 stocks still make up about 76% of the total . Michael Burry is an American investor, and hedge fund manager. Other types of investors are foundations and trusts, businesses, and family offices. In this article, we discuss the 4 best stock picks and portfolio performance of Michael Burry. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. The Motley Fool recommends Coherent. 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. That means much bigger government. Wood took Burry head-on when his bearish bets against ARK Innovation ETF (NYSE:ARKK) were made public, going on Twitter to say that Burry did not understand the fundamentals creating explosive growth and opportunities in the innovation space. 1-Year Performance. 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. Time will tell, but to paraphrase country music artist Merle Haggard, we do not yet think cables good times are really over for good.. Copyrights 2021-2023 Valuesider All rights reserved. Cost basis and return based on previous market day close. Having its headquarters located in California, it functions with only six clients in total. The services provided by Lumen Technologies encompass communications, cloud, and network services. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Ric Dillons, Diamond Hill Capital made the following comment about Wolverine World Wide, Inc. (NYSE:WWW) in its Q4 2022 investor, 5 Stocks Big Short Michael Burry Is Buying and Selling, China to guard against risks in property market - Premier Li, REFILE-Ukrainian pilot pair in Arizona to fly military simulators - US official, Another Norfolk Southern train derails in Ohio; company says no toxins aboard, UPDATE 2-China opens parliament, setting modest growth target of about 5%, China to develop more energy and mineral reserves and boost production. 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. Similarly, a college student named Jake Freeman revealed a 6.2% stake in late July. The Asia Pacific and Africa are also other countries where LUMN operates. 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. On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. JPMorgan analyst . Through a vast network of 245 locations, NOWs 300,000 SKU product offering addresses all segments of the energy value chain, from upstream E&Ps to midstream infrastructure to downstream refining, in addition to industrial end markets including chemicals, mining, utilities, and manufacturing. As early as February 2021, when the post-pandemic economic recovery had yet to fully take-off, Burry took to Twitter to sound the alarm bells over a historic crash, noting that the markets were dancing on a knifes edge as valuations soared and debt margins increased. Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. Burry recently shared 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. Michael Burry is capturing headlines recently for predicting another stock market crash. 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. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. 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. 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%). Scion Asset Management's public equity portfolio is heavily concentrated. We initially share this idea in October 2018 and the stock already returned more than 150%. It is also in the lead of the mobile and social commerce race. It operates in two segments, Aerospace and Defense, and Real Estate. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. Here you can find the latest trades based on Burry's 13F filings and insider trades. The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. Read more:We put 7 burning questions to top economist David Rosenberg. 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. $48 Million Total portoflio value. 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. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. The value of Burry's portfolio jumped from about $3 million to over $41 million. During 2000-2008, he logged returns, calculating up to 489.34%. And still the door is only so big.". 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. Overall, Scion grew its US stock portfolio from six positions to nine, and its total value swelled by 13% to about $47 million. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. We utilize no bright-line tests in such evaluations. In Q4 2022, Michael Burry sold off his entire stake in Charter Communications, Inc. (NASDAQ:CHTR), worth $3 million. 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. S&P 500 Index lost 10.8% in 1957, so Buffetts investors actually thrilled to beat the market by 20.1 percentage points in 1957. The percentage indicates the payout in relation to the share price. He bought 75,000 shares of Chinese e-commerce firm JD.com, Inc. (NASDAQ:JD) and 50,000 shares of Chinese technology giant Alibaba Group Holding Limited (NYSE:BABA) in the December quarter. Scion opened a new position in The Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter of 2020, buying nearly 600,000 shares at an average price of $32.46 per share. The Geo Group is best known to own the immigrant detention centers in The United States. 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. Percentage of Stake Sold in Q4 2022: 100%. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks, Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. 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. Earlier in August, Burry had also sparred with Wood. I believe it will make millions of Americans vastly wealthier. Michael Burry is capturing headlines recently for predicting another stock market crash. NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. It has its workload revolving around acquisition and construction. Most of these channels are sold to media industries worldwide and are not only restricted to the televisions of Americans. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. 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. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Market cap divided by the revenue in the most recent year. On February 2, SkyWest, Inc. (NASDAQ:SKYW) reported its fourth quarter results, falling short of Wall Street consensus. It owned 1 million BBBY shares worth almost $11 million on June 30, 2020. Michael Burry did not buy any new stocks in the current portfolio. 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 . 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. According to Q4 2022 filings, Burry, who gained fame for his successful bet against U.S. real estate before the 2008 financial crisis, has taken new positions in two Chinese companies. The popular investment manager has been vocal on social media telling investors to sell their stocks and take a defensive position. So Im not quite sure why it has underperformed the broader market so significantly. 2004-2023 GuruFocus.com, LLC. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE: Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. 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). Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. @burrytracker. However, he sold up in August, bagging an estimated $68 million profit. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. SBC) by 2024, meaning shares have been trading in a range of 4-6x price to free cash flow. If you want to read our detailed analysis of these stocks, go directly to the Michael Burry Stock . Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. 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. Michael Burry. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. The popular investment manager has been vocal on social media telling investors to sell their stocks and. Scion exited the wager during the next quarter, only to reinvest a few months later, filings show. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. According to Insider Monkeys Q3 data, 17 hedge funds were long CoreCivic, Inc. (NYSE:CXW), with combined stakes worth $57.4 million. 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. ADS and ADR are traded on US stock exchanges but represent ownership of foreign-listed companies. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. 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. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. Performance. 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. We see several investors trying to strike it rich in options market by risking their entire savings. , 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. We still like this investment. The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). So, what did Michael Burry invest in for Big Short? 9 min read. 338.80% 5-Year Performance. It is a real estate investment trust that functions and trades on a public level. "It's time memesters look up what a death spiral convertible is," he said. At least in BBBY's case, he was right on the money. Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. Ken Griffins Citadel Investment Group held the largest position in the company, consisting of 1.5 million shares worth $13.8 million. Warren Buffett took 25% of all returns in excess of 6 percent. You can get rich by returning 20% per year and compounding that for several years. 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. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. 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 . Below is the Michael Burry portfolio today based on the 3rd quarter 13f filing as of 9/30/22 with the SEC. 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. Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. Defensive positioning is the current theme of his portfolio . Sorry, no results has been found matching your query. The company is a new holding in the portfolio of Scion Asset Management. automatically! 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. SkyWest, Inc. (NASDAQ:SKYW) was incorporated in 1972 and is headquartered in St. George, Utah. The video was published on Feb. 28, 2023. The company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. Through other media forums, such as apps and websites, QRTEA can reach even more people globally. 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. He maintained a Hold rating on the shares. So, how did Warren Buffett manage to generate high returns and beat the market? In 2002, Scion was up 16%, while the S&P 500 fell 22.1%. Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. Bank of America Global Research data. The good news is, this powerful new force can help you make a lot of money even in a bear market. And it means its going to be harder than ever to hold onto any money you make. If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . Portfolio 9 Options 0 Performance. He was only holding Geo group Inc. stock in the second quarter of 2022. The Motley Fool has a disclosure policy. as well as other partner offers and accept our, Securities and Exchange Commission filing. 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. 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. Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. Keith Meisters, Baron Funds made the following comment about MGM Resorts International (NYSE:MGM) in its Q3 2022 investor, 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. Please visit the "Current Portfolio" tab to see the current and past 13F holdings for Michael Burry, as well as holding map, 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.
Snap Map Bitmoji Holding Phone,
Domestic Violence Webinars,
Is Jeff Fenech Related To Mario Fenech,
Harris Ranch Owner Net Worth,
City Of Fort Worth Building Inspections Phone Number,
Articles M