Dr. Michael Burry is the legendary investor that runs the Scion Asset Administration hedge fund. He turned well-known by way of his inclusion in the most effective promoting ebook “The Massive Brief” by writer Michael Lewis that was additionally made right into a blockbuster film. Dr. Burry was performed within the film by Christian Bale and his character was a central determine within the film.
Burry’s most well-known commerce was utilizing derivatives to guess towards the true property market in 2007-2008. He has became one of the well-known and watched bears on Wall Road. He’s lively on Twitter and has been making some very bearish calls lately and believes there may be much more ache to return within the monetary markets.
His fame rose once more together with his large deep worth Gamestop funding through the Wall Road bets run up in worth in 2021.That may have been a billion greenback commerce for him if he would have held his $GME shares a number of months longer that yr. He did have triple digit returns on that funding from entry.
Under is the Michael Burry portfolio in the present day based mostly on the third quarter 13f submitting as of 9/30/22 with the SEC. Burry’s complete holdings now complete $41,298,000 in worth and has six complete positions after including 5 new positions within the three months after the second quarter submitting. He was solely holding Geo group Inc. inventory within the second quarter of 2022. He added 1.5 million extra shares to his preliminary 500,000 share GEO place within the third quarter.
It is a lot greater fairness place for Burry as he has been promoting quick by way of put choices prior to now 18 months, had just one inventory place within the second quarter, and has been very bearish for years. His requires runaway inflation earlier than it even began was correct in addition to his current name that white collar staff within the tech and data industries had been over employed and that may result in layoffs which has begun.
He now believes that index funds as an sub-asset class are in a bubble and attributable to crash as buyers are overexposed to the S&P 500 index with little regard for the elemental valuations of particular person corporations that make up the index. He believes inventory indexes are due for crash as equities as an asset class are unloaded in mass as the present recession deepens.
So let’s check out what he was holding in inventory positions coming into October 1st, 2022, nonetheless a really defensive portfolio.
Michael burry Portfolio Q3 2022
Rank/Ticker/Firm/Portfolio Share
- GEO – GEO Group Inc. 37.65%
- QRTEA – Qurate Retail Group Inc. CL A 24.34%
- CXW – CoreCivic Inc. 15.52%
- AJRD – Aerojet Rocketdyne Holdings 12.84%
- CHTR – Constitution Communications 7.35%
- LILAK – Liberty LiLAC Group C 2.32%
What’s Michael Burry investing in?
Michael Burry portfolio allocation 2022 Q3:
Providers 47.32%
Client Discretionary 24.34%
Financials 15.52%
Industrials 12.84%
Burry’s portfolio is now over 50% in jail shares with GEO and CXW.
GEO – GEO Group Inc: GEO’s diversified providers embody enhanced in-custody rehabilitation and post-release assist by way of the award-winning GEO Continuum of Care, safe transportation, digital monitoring, community-based packages, and correctional well being and psychological well being care. GEO’s worldwide operations embody the possession and/or supply of assist providers for 102 services totaling roughly 82,000 beds, together with idle services and tasks beneath growth, with a workforce of as much as roughly 18,000 staff.
QRTEA – Qurate Retail Group Inc. CL A: The corporate markets and sells varied shopper merchandise primarily by way of merchandise-focused televised procuring packages, Web, and cellular purposes. It additionally operates as an internet retailer providing ladies’s, kids’s, and males’s attire; and different merchandise, akin to residence, equipment, and sweetness merchandise by way of its app, cellular, and desktop purposes. The corporate serves roughly 200 million properties worldwide.
CXW – CoreCivic Inc.: CoreCivic, Inc. owns and operates partnership correctional, detention, and residential reentry services in america. The corporate offers a variety of options to authorities companions that serve the general public good by way of corrections and detention administration, a community of residential reentry facilities to assist deal with America’s recidivism disaster, and authorities actual property options. Its correctional, detention, and residential reentry services provide rehabilitation and academic packages, together with primary schooling, faith-based providers, life expertise and employment coaching, and substance abuse therapy. As of December 31, 2021, the corporate owned and operated 46 correctional and detention services, 26 residential reentry facilities, and 10 properties for lease.
AJRD – Aerojet Rocketdyne Holdings: Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and protection merchandise and techniques in america. It operates in two segments, Aerospace and Protection, and Actual Property.
CHTR – Constitution Communications: ommunications, Inc. operates as a broadband connectivity and cable operator firm serving residential and business prospects in america. The corporate presents subscription-based video providers, together with video on demand, high-definition tv, digital video recorder, pay-per-view providers. It offers Web providers, akin to safety suite that protects computer systems from viruses and adware, and threats from malicious actors; in-home WiFi, which offers prospects with excessive efficiency wi-fi routers to boost their in-home wi-fi Web expertise; out-of-home WiFi; and Spectrum WiFi providers, in addition to video providers.
LILAK – Liberty LiLAC Group C: Liberty Latin America Ltd., along with its subsidiaries, offers mounted, cellular, and subsea telecommunications providers. The corporate operates by way of C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. It presents communications and leisure providers, together with video, broadband web, fixed-line telephony, and cellular providers to residential and enterprise prospects; and enterprise services and products that embody enterprise-grade connectivity, information heart, internet hosting, and managed options, in addition to info know-how options for small and medium enterprises, worldwide corporations, and governmental companies.[1]
Michael Burry Web Value 2022
The present Michael Burry web price in 2022 is estimated to be roughly $300 million based mostly on a number of sources.[2]
Michael Burry Twitter
Michael Burry’s tweets on Twitter are at all times attention-grabbing to learn, he has a behavior of deleting his tweets after he sends them and in addition deactivating his account every now and then. Right here is his actual Twitter account: @michaeljburry, he lately misplaced his blue verification checkmark after too many account deactivations. Right here is an archive of his previous tweets right here.
