Disclosure: None. Michael Burry is an investor who profited from the subprime mortgage crisis by shorting the 2007 mortgage bond market, making $100 million for himself and $700 million for his investors. Burry is betting on these companies as a safe haven in case of a stock market downturn. 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. The company operates over 200 supermarkets in Virginia, South and North Carolina, Georgia, Tennessee and Alabama. Number of Hedge Fund Holders: 15. Earlier this month, Burry warned that various debilitating factors, including geopolitical tensions, labor shortages and supply chain . It also reinvested in 2,600 GameStop shares worth around $400,000, after exiting the stock in the third quarter. We had a giant bet for us, and I was extremely confident in the outcome. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. Back then they werent called hedge funds, they were called partnerships. And it is notwater is political, and litigious. Check out investment managers like FarmTogether that allow accredited investors to dip into a variety of farmland funds. "We don't mind a tiny little bit of margin debt," Munger replied when asked about the wager during Daily Journal's annual meeting this week. In 2021 Michael Burry made a $534 million bet against Tesla stock before dropping his bet against the car company. For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. CNBC Special Pro Talks: Investor who predicted the Silicon Valley Bank collapse gives his best bets. Qurate Retail Group is an American company, immersed and actively engaged in media usage to run a business venture. This position falls to third place in Michael Burry's portfolio 2021. Warren Buffett, Bill Ackman, and Charlie Munger have revealed striking portfolio changes. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. While thats a lot less than the S&P 500s return of 153%, it has outperformed the stock market in the past year. Cost basis and return based on previous market day close. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. Burry was born and grew up in San Jose, California. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Read more:A Michael Burry expert breaks down what makes the 'Big Short' investor special. George Soros will always be known to history as "the man who broke the Bank . Read more: The founder of a Michael Burry subreddit analyzes 'The Big Short' investor's latest portfolio changes and explains why it's so important to track his moves. During 2000-2008, he logged returns, calculating up to 489.34%. In the coming years, it can be said with conviction that Michael Burrys stocks portfolio is only to prosper more. All rights reserved. As portrayed in the film The Big Short, he is also known for being a huge enthusiast of heavy metal music. New York-based Ares Capital is a specialty finance company that primarily invests in first lien senior secured loans, mezzanine debt, automotive services and consumer products. Michael Burrys biggest holdings these days seem to be in private prison stock given the recent filings of his hedge fund. He may have inadvertently encouraged thousands of retail investors to boost the share price of the gaming retailer. 'Big Short' investor Michael Burry paved the way for the GameStop The next year, the S&P 500 fell again, by 22.1 percent, and yet Scion was up again: 16 percent. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Director Adam McKay cowrote the Oscar-winning screenplay with Charles Randolph, which they adapted from Michael Lewiss nonfiction book The Big Short: Inside the Doomsday Machine. Hedge Fund managers are the pop stars of the finance world. The Cold War codebreaker and MIT math professor's quantitative hedge fund boosted its stake in AMC Entertainment by 87% to 4.7 million shares. It did not have to be this way., More recently, on April 14, 2022, Burry tweeted, The Fed has no intention of fighting inflation. He had already developed a reputation as an investor by demonstrating success in value investing, which he wrote about on message boards on the stock discussion site Silicon Investor beginning in 1996. Berkshire also disclosed a $1 billion stake in Brazilian fintech Nubank in its latest portfolio update. [5][6][7], He studied economics and pre-med at the University of California, Los Angeles, earned an MD degree from the Vanderbilt University School of Medicine,[6] and started but did not finish his residency[8] in pathology at Stanford University Medical Center. He has worn a prosthetic eye since then. David has helped thousands of clients improve their accounting and financial systems, create budgets, and minimize their taxes. That would have been 9.35% in hedge fund fees. Therefore, it is safe to say that Michael Burrys wealth has accumulated through investment stocks. The total net worth of Michael Burry comes out to be $300 million. The largest investments include Geo and Qurate Retail Inc, together worth $25.6 million. Over this period, a 0.14 percent (1 standard deviation) increase from the mean value of the liabilities of the failed depository institutions results in a reduction of 17 percentage points in the growth rate of industrial production and a 4 percentage point decline in real GNP growth., Critically, the authors acknowledge that in modern times, fiscal and monetary policies are now actively employed to offset losses that may be generated by banking sector distress. However, such policies may also encourage moral hazard and additional bank risk-taking.. The value investor explained that he was a longtime admirer of Netflix co-CEO Reed Hastings, and was impressed by the company's subscription model, pricing power, vast content library, and other strengths. Correction: April 16, 2023A previous version misstated the amount of Scion Asset Management's assets. GEO Group stock price has fallen over 66% since 2017, while CoreCivic stock has fallen almost 70%. He has Rusyn ancestry. The Qurate group is not a traditional e-commerce platform, neither does it provide traditional stores in the marketplace and malls. "Legendary Investor Michael Burry Leaves Twitter, Lists 8 Metal Bands in Bio. 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%. Contrarian in his approach and confident in his research, Michael Burry always thinks long-term. [6] Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. However, the company is only guiding for $127 million of profit and $2.47 billion of revenue at the top end of its range. His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. Michael Burry, the investor who predicted the stock market crash of 2008 and made billions by betting against subprime mortgages during the financial meltdown, has become somewhat of a legend. Munger's use of margin surprised many of his followers, given his repeated warnings about the dangers of investing borrowed money. In this regard, the Geo group has raised its value up to $7,488,000. Finding Stocks based on Michael Burry's early methods. - Substack Furthermore, Black Knight estimates that it can take a lender a year or 18 months to switch software and data providers, giving the company a nice moat in the industry. 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. ", Vanderbilt School of Medicine. Daily Journal suffered $30 million in unrealized losses tied to those purchases in December. Vanity Fair. [21] In August 2019, Bloomberg News quoted an email from Burry where he said there was a bubble in large US company stocks due to the popularity of passive investing, which "has orphaned smaller value-type securities globally". 'The Big Short' investor Michael Burry thinks financial - CNBC How Aldi and Lidl took over the M&S heartlands: Budget supermarket chains have more than doubled their footprint in affluent areas in past five years in a bid to bag middle class shoppers Michael Burry was also one of the first to jump on the GameStop train, buying in before the meme stock short squeeze. In this article we will examine Michael Burrys portfolio to discuss his new stock picks. Michael Burry Portfolio 2023 Scion Asset Management - DATAROMA Since 2013, its returned 12.3%. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. Access your favorite topics in a personalized feed while you're on the go. Registration on or use of this site constitutes acceptance of our. Our stock picks outperformed the market by more than 111 percentage points (see the details here). If youre interested in diversifying your portfolio, check out real estate investment apps like Landa, where you can buy shares of rental properties for as little as $5. He founded Scion Capital in 2000, which he ran until 2008. Instead, he recognized that generational behavioral patterns associated with negative securities and asset pricing dynamics shifted. Private prisons are often funded through REITs, although their popularity fell in 2021 after Joe Biden announced that his administration would no longer use private prisons for correctional facilities. Physician, investor, hedge fund manager, entrepreneur, Scion Asset Management, stocks, real estate, Government real estate, farmland, infrastructure, gold.