The popular investment manager has been vocal on social media telling investors to sell their stocks and take a defensive position. Western Digital Corporation is a company based in The United States of America that specializes in computer memory. Michael Burry is an American investor, and hedge fund manager. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. 1-Year Performance. In light of this fact, we evaluated our investment in Kraft Heinz for impairment. 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. Now Inc an American company whose parent company is Distribution Now makes 7.7% of his portfolio. On February 2, SkyWest, Inc. (NASDAQ:SKYW) reported its fourth quarter results, falling short of Wall Street consensus. SkyWest, Inc. (NASDAQ:SKYW) was incorporated in 1972 and is headquartered in St. George, Utah. 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. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. In this article, we discuss the 10 stocks to sell according to Michael Burry. Here you can find the latest trades based on Burry's 13F filings and insider trades. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Naturally, that made his net worth go up. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. 10 Best Stocks to Buy According to Michael Burry - Yahoo! 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. This stake is worth more than $1.1 million and consists of 150,000 shares. The Geo Group is best known to own the immigrant detention centers in The United States. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:FB), and Discovery, Inc. (NASDAQ:DISCA), among others. The company has a sweeping influence on sellers of America, owning 49 shopping centers in the country in total, meaning that the land owned by RPT is approximately 11.9 million sq. Michael Burry did not buy any new stocks in the current portfolio. It is also in the lead of the mobile and social commerce race. We initially share this idea in October 2018 and the stock already returned more than 150%. The good news is, this powerful new force can help you make a lot of money even in a bear market. 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. At the end of the third quarter of 2021, 248 hedge funds in the database of Insider Monkey held stakes worth $38 billion in Meta Platforms, Inc. (NASDAQ:FB). 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 operates through three segments CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. 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. We still like this investment. The company operates through three segments Las Vegas Strip Resorts, Regional Operations, and MGM China. The Motley Fool recommends Coherent. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm. By clicking Sign up, you agree to receive marketing emails from Insider 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.. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. as well as other partner offers and accept our, Securities and Exchange Commission filing. Ratio between share price and earnings per share. He's also compared the stock market's rally this year to the dot-com bubble, and cautioned meme-stock buyers. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. In this article, we discuss the 4 best stock picks and portfolio performance of Michael Burry. Indicates the relationship between the price performance of a share and the market. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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%. He was born in San Jose, California on June 19, 1971. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm. Mortgage Backed Securities (MBS) are a collection of Home loan mortgages compiled together to create an investment security. 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. 9.47% 3-Year Performance. On another occasion in 2018, by total assets, Wells Fargo became the fourth largest bank in the United States of America. Its distributions are conferred to many international countries, including Canada. 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. In this article, we discuss 13 stocks that Michael Burry is buying and selling. That means much bigger government. The company is a new holding in the portfolio of Scion Asset Management. Warren Buffett took 25% of all returns in excess of 6 percent. 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. However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! He has previously advised investors to "sell" and warned that the S&P 500 could drop by over 50% to around 1,900 points. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. 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. The hedge fund sentiment around the securities was assessed from Insider Monkeys Q3 2022 database of around 920 elite funds. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. CoreCivic, Inc. (NYSE:CXW) is a Tennessee-based company that owns and manages partnership correctional, detention, and residential reentry facilities in the United States. Percentage of Stake Sold in Q4 2022: 100%. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm Berkshire Hathaway is a leading shareholder in The Kraft Heinz Company (NASDAQ:KHC) with 325 million shares worth more than $12 billion. 9 min read. 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. Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. 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. Meanwhile, at the latest, Michael Burrys investments in GameStop have earned him a gain of 1,500%. 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. Burry sold his position in the company during Q4 2022. 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 The Big Short had a very eventful 2021. We believe the financial strength of our holdings is far above the typical energy company. 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! The popular investment manager has been vocal on social media telling investors to sell their stocks and. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. 65.06% of Michael Burry's Portfolio Is in These 4 Stocks It operates in two segments, Aerospace and Defense, and Real Estate. JPMorgan analyst . Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks We still like this investment. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . Bank of America Global Research data. He's now 51 years old. 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. QRTEA consists of seven brands that are always ahead of its competing forces. It is one of the service providers of wireless functions and operations and is currently at the forefront of such providers. Click to continue reading and see Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. 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. A lower PEG could mean that a stock is undervalued. Access your favorite topics in a personalized feed while you're on the go. 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. Please visit the "Stock Picks" tab to see the latest guru trades and stock picks for Michael Burry, which include data from 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. In Q3 2022, Michael Burry purchased 132,561 shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) worth $5.30 million. Lumen Technologies does not only deliver its services in The States; but, over the years, it has extended to Europe and the Middle East. It owns and manages casino, hotel, and entertainment resorts in the United States and Macau. And it means its going to be harder than ever to hold onto any money you make. 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. 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. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. 56% of Michael Burry's $47 Million Portfolio Is Invested in Just 3 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. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. Michael Burry dumps stock portfolio after market crash warnings 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. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. 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. 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. Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel 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. is originally published on Insider Monkey. The tweets of the investor have since been deleted, but remain a part of public record through the news outlets that covered them when they were made. However, despite many misconceptions he is currently not a Billionaire officially yet. Michael Burry is a successful investor, hedge fund manager, and physician. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Meta Platforms, Inc. (NASDAQ:FB) has featured in the Scion portfolio since early 2020. It is one of the most popular stocks among hedge funds. The average profit margin of the companies in this portfolio is 9.11%. automatically! 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 locations of these centers are Florida, Chicago, Minnesota, and Ohio. William Crowley, William Harker, and Stephen Blass Ashe Capital held the leading position in the company. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. He has even said that he even owns some coins. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. Michael Burry 13F Portfolio - Hedge Follow 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. Earlier in August, Burry had also sparred with Wood. Most of these channels are sold to media industries worldwide and are not only restricted to the televisions of Americans. When our award-winning analyst team has a . Several elite hedge funds are bullish on the company as a new fiscal year begins. 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. Price to Book Ratio is the Market cap divided by the Book value of the company. The percentage indicates the payout in relation to the share price. 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. If you want to read our detailed analysis of these stocks, go directly to the Michael Burry Stock . We put 7 burning questions to top economist David Rosenberg. Burry, whose bet against subprime mortgages . Several elite hedge funds are bullish on the company as a new fiscal year begins. 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. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. Now Inc. is a company that has a significant role in the energy sector that supplies oil and gas globally to several markets. However, the released 13f filings ceased after that and were resumed in 2019. Michael Burry's 2022 Portfolio: Top 5 Stock Picks Invest better with The Motley Fool. 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. To make the world smarter, happier, and richer. Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. 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. Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter. Michael Burry Portfolio 2023 Scion Asset Management - DATAROMA The Motley Fool has a disclosure policy. Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. Therefore, it seems to maintain a high position in the communications industry. 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). As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million.