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LUMN mainly flourishes in the information technology sector and industry. He has also been highly critical of government financial policy, especially that of the Federal Reserve. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Past performance is no guarantee of future results. 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. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. The company is also getting the attention of the smart money, as 19 hedge funds tracked by Insider Monkey reported owning stakes in the company at the end of the fourth quarter. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. In 2013, Burry reopened his hedge fund under the name Scion Asset Management as an exempt reporting advisor. The fund. Hedge Fund Managers. Between March 2017 and February 5th 2021 our monthly newsletters stock picks returned 187.5%, vs. 75.8% for the SPY. Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 The locations of these centers are Florida, Chicago, Minnesota, and Ohio. Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. Many companies on MoneyMade advertise with us. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. In 2002, Scion was up 16%, while the S&P 500 fell 22.1%. Let's Talk About Michael Burry Selling Every Stock but One Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. During his education Burry used his spare time to focus on investing. Number of Hedge Fund Holders: 34. Besides his link to Hollywood, Burry emerged more recently in the news after his stake in GameStock soared nearly 1,500% in early 2021. Warren Buffet bought a 400-acre plot of farmland for $280,000 in 1986, Want to invest in farmland like Burry, Gates, and Buffet? 'Big Short' Michael Burry Warns Higher Wages Can't Replace Stimulus Serial half-point hikes are getting elevation before stocks and the consumer tap out. In addition to Burrys short on the mortgage bond market, he is known for his prescient opinions on money and investing that can lead investors to healthy returns. During the years 2000-2008, Scion Capital made 489.34% returns which added to the monetary gains of Burry. One Chart That Indicates This Bear Market Is Ending. He made a . Burry made most of his wealth through his investments. , where you can earn a target return of 10% to 25%. Fri, Mar 24 2023 - 9:15am. "The Big Short. The oil gas drilling company Helmerich & Payne, Inc. (NYSE: HP) is on the list of Michael Burry's top 10 . *Average returns of all recommendations since inception. And it is notwater is political, and litigious. He studied economics at the University of California, Los Angeles before obtaining an MD at Vanderbilt University School of Medicine. 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. We still like this investment. As of that date, Burry's Scion owned some 2.75 million GameStop shares, or 4.26% of shares outstanding. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. Specifically referencing the bank runs known as the Panic of 1907, Michael Burry stated that rather than wait, government authorities implemented the lessons learned and took immediate action. [14][15][16], During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. Click to continue reading and see Michael Burrys Top 5 New Stock Picks. While investing in private prison REITs might not be for everyone, real estate has traditionally been a good hedge against inflation. Michael Burrys New Stock Picksis originally published on Insider Monkey. In its first year, Burrys hedge fund Scion was up 55%, while the S&P 500 fell 11.88%. In the fourth quarter of 2022, Scion took a new position in the mortgage software and data company Black Knight (BKI -0.06%), and the stake already makes up close to 20% of Scion's portfolio. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. From 2000-2008, Michael Burry found and ran his hedge fund company called Scion Capital. After that, he decided to make his personal investments a priority. Michael Burry is a successful investor, hedge fund manager, and physician. and is licensed to practice medicine in California, but does not. But it looks like Burry has done OK on it, with Scion purchasing the bulk of its shares when the stock traded around $6.30 and $7.38. In the fourth quarter, the companys core EPS came in at $0.54, crushing past the Streets consensus of $0.40. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. "Scion Asset Management, LLC: Q1 2022 13F Holdings.". 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 is a value investor and follows in the footsteps of successful old-school investors like Ben Graham and Warren Buffet. Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. Naturally, that made his net worth go up. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. Michael Burry developed quite a reputation in the investing world after being one of the few investors to essentially short the housing market. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Number of Hedge Fund Holders: 19. He considers himself a value investor. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. GEO is a real estate investment trust, based in The United States of America, but proudly supplying its services to the United Kingdom, Australia, and South Africa. Additionally, this management of the clients investments, ensures that success rates of the clients also go up. In 2022, Geo reported a profit of $172 million on total revenue of $2.38 billion. Total operating costs and expenses rose 5.6% on a quarter-over-quarter basis. Conspicuously, the CBOE Volatility Index, Wall Streets preferred forward-looking predictor of turbulence, pulled back to levels seen when the month began. Perhaps Burry sensed this coming, which is why he sold off a large part of Scion's position in Geo toward the end of last year. After medical school, Burry worked as a Stanford Hospital neurology resident, then a Stanford Hospital pathology resident. 5 Most Famous Hedge Fund Managers and Their Top Stock Picks

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