Michael Burry did not buy any new stocks in the current portfolio. Just as inflation started creeping up in the United States, derailing a faster-than-expected economic recovery and leading to speculation around a rise in interest rates and an accompanying correction in growth stocks, Burry slashed his stock positions from more than 20 down to only 6. 9 min read. Scion Asset Management has disclosed a total of 9 security holdings in their (2022 Q4) SEC 13F filing(s) with portfolio value of $46,536,925. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. In addition to that, it also owns 7 million fiber strand miles and many other components of the communication sector throughout The States. According to Insider Monkey's data, 25 hedge funds were bullish on Qurate Retail, Inc. (NASDAQ:QRTEA) as of the end of September 2022, compared to 24 funds in the earlier quarter. In this regard, the Geo group has raised its value up to $7,488,000. Michael Burry. A higher ratio indicates a higher risk. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. 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. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. 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 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. 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. This stake is worth more than $1.1 million and consists of 150,000 shares. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June 2020. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . 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. 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. Portfolio value: $46M+ Period: 2022 Q4 Number of stock: 9 Update: 14 Feb 2023 Important Big Short's Michael Burry Is Betting On These 11 Stocks 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. 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. These methods of labor are deployed to meet the needs of mission-critical communications infrastructure. 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. In the following year 2019 rankings in America that were calculated based on total revenue by Forbes 500, Allstate Corp. held the 79th position. Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. Shares, change to shares, sold shares - split-adjusted. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.. However, they were still rated AAA (Investment grade) by many credit Agencies! Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks 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. Replying to . Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. On February 2, SkyWest, Inc. (NASDAQ:SKYW) reported its fourth quarter results, falling short of Wall Street consensus. In the fourth quarter of 2022, Burry sold the entirety of his stake in the company. Burry stopped betting against Cathie Wood's ARK and Tesla. A lower PEG could mean that a stock is undervalued. However, despite many misconceptions he is currently not a Billionaire officially yet. 52-week lows, etc. Ratio between share price and earnings per share. GuruFocus.com is not operated by a broker or a dealer. He was born in San Jose, California on June 19, 1971. 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. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. Berkshire currently owns 325,442,152 shares of Kraft Heinz common stock representing 26.6% of the outstanding shares. automatically! MGM Resorts International (NYSE:MGM) was incorporated in 1986 and is based in Las Vegas, Nevada. 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. Since 2015, Michael Burrys 13f filing has been coming out to educate the world on investing. valuations for each stock, which positions are undervalued, have low PE Ratios, are considered high quality and recently traded at Western Digital Corporation is a company based in The United States of America that specializes in computer memory. Pason and NOW represent our fourth and fifth investments in the energy sector. 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. He launched his hedge fund in 1956 with $105,100 in seed capital. Burry sold his position in the company during Q4 2022. Fundamental company data provided by Morningstar, updated daily. Similarly, a college student named Jake Freeman revealed a 6.2% stake in late July. The Qurate group is not a traditional e-commerce platform, neither does it provide traditional stores in the marketplace and malls. Scion Asset Management's public equity portfolio is heavily concentrated. 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. When considering our timing, we concluded, if not now, when? Michael Burry's 2022 Portfolio: Top 5 Stock Picks 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 have mentioned the stocks Burry sold first, and ranked the remaining list in ascending order of his stake value. It has its workload revolving around acquisition and construction. 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%). Here you can find the latest trades based on Burry's 13F filings and insider trades. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. The turnover rate is 70%. 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. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. Uniti Group Inc. is a real estate investment trust, headquartered in America. 3 Reasons to Sell Your Defense Stocks Now | InvestorPlace Burry first bought a stake in NOW Inc. (NYSE:DNOW) in the fourth quarter of 2020. 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. 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. Wells Fargo's Steven Cahall on January 30 increased Charter Communications, Inc. (NASDAQ:CHTR)s price target from $340 to $410 while maintaining an Equal Weight rating on the shares. Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. 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. 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. Burry has been warning about stocks for a while, and in January, he shared a similar chart that highlighted the S&P 500's rally between September 2001 and March 2002 before it bottomed out six months later. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. Out of the many insurance companies based in The States, one of them is Allstate Corporation which also happens to be one of the leading companies. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Excluding options, the retailer was its number-two position after a nearly $12 million stake in GameStop, making BBBY a key piece of its $91 million portfolio. My Top Michael Burry Stock to Buy Now in March | Super Investors. 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.