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. Read the original article on Business Insider. Having its headquarters located in California, it functions with only six clients in total. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. 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. 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. Portfolio value: $46M+ Period: 2022 Q4 Number of stock: 9 Update: 14 Feb 2023 Important In this article, we discuss 13 stocks that Michael Burry is buying and selling. It is safe to say, it can also produce world-class SSDs thereby, having close competition with Micron Technology, as well as Seagate Technology. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. During the third quarter, this position was sold off entirely. Since 2015, Michael Burrys 13f filing has been coming out to educate the world on investing. Warren Buffett has been investing and compounding for at least 65 years. 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. Disclosure. 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. is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. 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 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. On January 27, Charter Communications, Inc. (NASDAQ:CHTR) reported a Q4 GAAP EPS of $7.69 and a revenue of $13.67 billion, missing Wall Street estimates by $1.08 and $60 million, respectively. 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 . Burry's purchases suggest he remained bullish last quarter. "The fall in wealth is unsurprising given the dramatic pivot in monetary policy that culminated in the worst performance for the traditional blended portfolio . 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. Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The Motley Fool has a disclosure policy. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. . So, what did Michael Burry invest in for Big Short? Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. He was only holding Geo group Inc. stock in the second quarter of 2022. 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. Berkshire currently owns 325,442,152 shares of Kraft Heinz common stock representing 26.6% of the outstanding shares. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. Read more:We put 7 burning questions to top economist David Rosenberg. He likely had no inkling that retail investors, eager to make some fast money and punish hedge funds, would pile into the stock and send it skyward. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. Michael Burry, the hedge fund . Berkshire and its subsidiaries hold investments in certain businesses that are accounted for pursuant to the equity method. This stake is worth more than $1.1 million and consists of 150,000 shares. 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. 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. Discovery Inc. is a massive multinational media chain originating from America. Since 2013, Michael Burry's earnings have come from his second founded firm, Scion Asset Management. Administrative and Support and Waste Management and Remediation Services ($9.67 Million), Arts, Entertainment, and Recreation ($4.59 Million), Transportation and Warehousing ($2.6 Million), Mining, Quarrying, and Oil and Gas Extraction ($0), Professional, Scientific, and Technical Services ($0). 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%. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. Now Inc. is a company that has a significant role in the energy sector that supplies oil and gas globally to several markets. Currently, the most significant of these is our investment in the common stock of The Kraft Heinz Company (Kraft Heinz). Read more:A Michael Burry expert breaks down what makes the 'Big Short' investor special. We initially share this idea in October 2018 and the stock already returned more than 150%. On February 8, MGM Resorts International (NYSE:MGM) reported a Q4 non-GAAP loss per share of $1.53 and a revenue of $3.59 billion, topping market estimates by $0.04 and $240 million, respectively. Burry opened a new position in Meta Platforms, Inc. (NASDAQ:FB) in the first quarter of 2021 after selling off the previous stake in late 2020. . Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio 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. Michael Burry, the California-born hedge fund manager with a background in biology, is one of the names that fits this description. 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. Hence, they collect and combine all these goods and portray their rich history through effectively utilizing media, providing an impactful shopping experience to its clients and customers. We put 7 burning questions to top economist David Rosenberg. However, Burry once again closed the bet over the next three months, meaning he got out before the meme-stock boom in January 2021. Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. During 2000-2008, he logged returns, calculating up to 489.34%. is what Weitz Partners Value Fund has to say about Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2022 investor letter: According to Insider Monkeys Q3 data, 17 hedge funds were long CoreCivic, Inc. (NYSE:CXW), with combined stakes worth $57.4 million. $48 Million Total portoflio value. 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. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. The investments that this company makes are mainly in constructing and running prisons. My Top Michael Burry Stock to Buy Now in March | Super Investors. Portfolio 9 Options 0 Performance. If you want to see more stocks in this selection, check out 5 Stocks Big . 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. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. His opinions remain his own and are unaffected by The Motley Fool. as well as other partner offers and accept our, Securities and Exchange Commission filing. 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. 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 the third quarter of 2022, Michael Burry acquired 155,761 shares of Liberty Latin America Ltd. (NASDAQ:LILA) worth $958,000. Michael Burry is widely known for predicting the 2008 Financial Crisis & Housing bubble, popularised in the Oscar Winning Movie "The Big Short" (2015). Nonetheless, it has still managed to attain over $386.9 million in Assets Under Management (AUM). Despite his education in both economics and medicine, Burry currently chooses to practice the former. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. 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. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. Michael Burry said there will be "terrible consequences" if student debt is cancelled. Michael Burry is a successful investor, hedge fund manager, and physician. 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. Replying to . Burry swapped out all but two of the holdings in his US stock portfolio. Keith Meisters Corvex Capital is the largest stakeholder of the company, with 6.67 million shares worth $198.3 million. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. The services provided by Lumen Technologies encompass communications, cloud, and network services. All Rights Reserved. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. Michael Burry added SkyWest, Inc. (NASDAQ:SKYW) to his Q4 portfolio by acquiring 125,000 shares worth $2.06 million. He's also compared the stock market's rally this year to the dot-com bubble, and cautioned meme-stock buyers. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. 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. We utilize no bright-line tests in such evaluations. 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. Burry recently. Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. 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. 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. So Im not quite sure why it has underperformed the broader market so significantly. If you choose to subscribe throughfool.com/parkev, he will earn some extra money that supports his channel. Burry is most famous for his billion-dollar bet against the mid-2000s housing bubble, which was chronicled in the book and movie "The Big Short." 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. Several elite hedge funds are bullish on the company as a new fiscal year begins. 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. It has been a favorite hedge fund stock for years. 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. He maintained a Hold rating on the shares. Click to continue reading and see 5 Stocks Big Short Michael Burry Is Buying and Selling. Reported in March of 2022 UNIT held more than 125,000 fiber route miles. It is a real estate investment trust that functions and trades on a public level. 338.80% 5-Year Performance. Additionally, this management of the clients investments, ensures that success rates of the clients also go up. DISCA contributes largely to his investments, having a numeral share of 5.38% and a value of $7,523,000. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. 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. Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. The locations of these centers are Florida, Chicago, Minnesota, and Ohio.