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. 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 Scion Asset Management chief also built a $10 million stake in Qurate Retail, and established smaller positions in Aerojet Rocketdyne, Charter Communications, Corecivic, and Liberty Latin America. *Average returns of all recommendations since inception. In 2002, Scion was up 16%, while the S&P 500 fell 22.1%. Burry had accurately predicted the collapse of both these bubbles. It is safe to say, it can also produce world-class SSDs thereby, having close competition with Micron Technology, as well as Seagate Technology. 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. 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. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. Net income divided by revenue of the last 4 quarters. 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. 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. 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. 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'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. 'Big Short' investor Michael Burry warns of 'terrible consequences for Michael Burry's Portfolio 2021 Analysis (November 2021) The success of Burry is an exception in the world of finance that. So, how did Warren Buffett manage to generate high returns and beat the market? Michael Burry Portfolio and News | GuruFocus Michael Burry is widely known for predicting the 2008 Financial Crisis & Housing bubble, popularised in the Oscar Winning Movie "The Big Short" (2015). We still like this investment. Click to skip ahead and . 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). We recorded equity method earnings from our investment in Kraft Heinz of $95 million in 2020, $493 million in 2019 and losses of approximately $2.7 billion in 2018. 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. You can enter your email below to get our FREE report. Overall, Scion grew its US stock portfolio from six positions to nine, and its total value swelled by 13% to about $47 million. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. 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. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Michael burry saw that ultimately fundamentals would bring the truth about the real value of these securities and many would plummet to zero! Furthermore, Qurate Retail Group can reach 218 homes across the globe, just by using the television. In November, he once again warned of market speculation and this time compared the situation to the crisis just before the onset of the Great Recession in 1920. When energy companies reduce activity, NOW suffers. 56% of Michael Burry's $47 Million Portfolio Is Invested in Just 3 It is reported that in GameStop, he reported 1.7 million shares, and his returns peaked at a value of $271 million. Burry's Scion firm held a $8 million stake in September 2019, and a $10 million stake in June 2020. 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.. The video was published on Feb. 16, 2023. Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. Registration on or use of this site constitutes acceptance of our. The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks. Other types of investors are foundations and trusts, businesses, and family offices. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. It is involved in choosing the best buyers across the world, selling products that depict a hidden story or have a deep meaning behind it. 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. It has been a favorite hedge fund stock for years. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. 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. Ratio between share price and earnings per share. In 2018, it gained an enormous revenue of $39.8 billion. Warren Buffett took 25% of all returns in excess of 6 percent. 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%). The percentage indicates the payout in relation to the share price. Bury has a net worth of $300 million and his hedge fund has a ten-year return of 326%, one of the most successful on Wall Street. 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. His opinions remain his own and are unaffected by The Motley Fool. Equity method earnings (losses) included the effects of goodwill and identifiable intangible asset impairment charges recorded by Kraft Heinz. Discovery Inc. is a massive multinational media chain originating from America. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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%). 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). SBC) by 2024, meaning shares have been trading in a range of 4-6x price to free cash flow. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. The company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. 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. All Rights Reserved. Burry added MGM Resorts International (NYSE:MGM) to his Q4 portfolio by purchasing 100,000 shares worth $3.35 million. We received dividends from Kraft Heinz of $521 million in each of 2020 and 2019 and $814 million in 2018, which we recorded as reductions in our carrying value. The 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. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. 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. Access your favorite topics in a personalized feed while you're on the go. Scion Asset Management's public equity portfolio is heavily concentrated. However, the released 13f filings ceased after that and were resumed in 2019. He maintained a Hold rating on the shares. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. The Motley Fool has a disclosure policy. 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). I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. 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. Michael Burry is capturing headlines recently for predicting another stock market crash. Burry recently. In the third quarter of 2022, Michael Burry acquired 155,761 shares of Liberty Latin America Ltd. (NASDAQ:LILA) worth $958,000. 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.. 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. Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. 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. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. RPT Realty is a company based in New York, in The United States of America. Burry swapped out all but two of the holdings in his US stock portfolio. 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).
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