Burry also made famous multi-million dollar bearish bets against Tesla, Inc. (NASDAQ: ) and ARK Innovation ETF (NYSE:ARKK), famously sparring with Elon Musk, the owner of the former, and Cathie Wood, the investor whose hedge fund. Because of its high-end worth. The average profit margin of the companies in this portfolio is 9.11%. The company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. It was recorded between 2015 and 2016, that fundholding maximized to $100 million. The Qurate group is not a traditional e-commerce platform, neither does it provide traditional stores in the marketplace and malls. 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 JPMorgan analyst . Feb 9. Even today when considering total assets, WFC is the fourth largest bank in The States. In which he had credit default swap short positions against "Mortgage Backed Securities. This reopening followed nearly three years of restrictions on travel and commerce. Easily embed the chart on your blog or website it will always update 10 Best Bank and Finance Stocks to Buy According to Mario Gabelli10 Best Diversified Stocks to Invest In10 Best SPACs to Invest In According to RedditDaily NewsletterHeadlineLockheed Martin Corporation (NYSE:LMT)Meta Platforms Inc. (NASDAQ:FB)Michael Burry Stock Portfolio Performance in 2021: 8 Best PicksNASDAQ:FBNASDAQ:KHCNow Inc. (NYSE:DNOW)NYSE:DNOWNYSE:LMTThe Kraft Heinz Company (NASDAQ:KHC)Yahoo FinanceShow moreShow less, Despite Joe Bidens age, raging inflation, and his dismal 45% approval level. Alibaba and JD.com are both Chinese e-commerce businesses. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks, Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. 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. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. 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. It provides internet, video, mobile, and voice services through a subscription-based model, as well as a range of broadband connectivity services such as fixed internet, WiFi, and mobile, along with a security suite. Bury has a net worth of $300 million and his hedge fund has a ten-year return of 326%, one of the most successful on Wall Street. Channels lying in the dominion of DISCA are Animal and Science Planet, Discovery Channel, and TLC. Michael burry saw that ultimately fundamentals would bring the truth about the real value of these securities and many would plummet to zero! Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. automatically! Burry also made famous multi-million dollar bearish bets against Tesla, Inc. (NASDAQ:TSLA) and ARK Innovation ETF (NYSE:ARKK), famously sparring with Elon Musk, the owner of the former, and Cathie Wood, the investor whose hedge fund, ARK Investment Management, is behind the latter. Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. It is one of the service providers of wireless functions and operations and is currently at the forefront of such providers. In the following year 2019 rankings in America that were calculated based on total revenue by Forbes 500, Allstate Corp. held the 79th position. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. 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%). In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. 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. A higher ratio indicates a higher risk. Diamond Hill Capital made the following comment about Wolverine World Wide, Inc. (NYSE:WWW) in its Q4 2022 investor letter: Footwear and apparel company Wolverine World Wide, Inc. (NYSE:WWW) underperformed as softer demand and elevated inventory levels have necessitated higher-than-expected promotional activity, weighing on near-term profitability. 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. Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter. Once that happened, Burry warned buyers of meme stocks they were signing up for the "mother of all crashes." Burry recently. Additionally, this management of the clients investments, ensures that success rates of the clients also go up. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. 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. If you want to skip our detailed analysis of these stocks, go directly to the, 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 Hollywood film named. At the time, the legendary investor bought 1.5 million shares of NOW Inc. (NYSE:DNOW) at an average price of $5.63 per share. Read more:A Michael Burry expert breaks down what makes the 'Big Short' investor special. On January 9, Truist analyst Michael Ciarmoli raised the firm's price target on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to $58 from $45. When energy companies reduce activity, NOW suffers. Michael Burry said there will be "terrible consequences" if student debt is cancelled. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. We still like this investment. 13 Stocks Big Short Michael Burry Is Buying and Selling is originally published on Insider Monkey. Burry had accurately predicted the collapse of both these bubbles. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. as well as other partner offers and accept our, Securities and Exchange Commission filing. WDCs headquarters are situated in California, USA, regulating the manufacturing of hard disk drives. 214.91% 10-Year Performance . In Q3 2022, Michael Burry purchased 132,561 shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) worth $5.30 million. Cost basis and return based on previous market day close. 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Shares, change to shares, sold shares - split-adjusted. Williams Trading analyst Sam Poser on January 16 upgraded Wolverine World Wide, Inc. (NYSE:WWW) to Buy from Hold with a price target of $18, up from $13. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. The Scion Asset Management chief warned of a dramatic decline in stocks, and forecasted. It is a real estate investment trust that functions and trades on a public level. If you want to see more stocks in this selection, check out, He bought 75,000 shares of Chinese e-commerce firm JD.com, Inc. (NASDAQ:JD) and 50,000 shares of Chinese technology giant Alibaba Group Holding Limited (NYSE:BABA) in the December quarter. The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. He was born in San Jose, California on June 19, 1971. Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. Meta Platforms, Inc. (NASDAQ:FB) develops and markets products that enable people to connect. A Michael Burry expert breaks down what makes the 'Big Short' investor special. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June . The turnover rate is 70%. The products that Burrys company provides to its customers include a wide range of Institutional Advisory Services and Investment Products. 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. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. It is also in the lead of the mobile and social commerce race. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. The holdings of Michael Burry Big Short are in the worlds leading companies and corporations, and that has led him to an elevated status in the business world. Learn More. At least in BBBY's case, he was right on the money. Western Digital Corporation is a company based in The United States of America that specializes in computer memory. If you want to read our detailed analysis of these stocks, go directly to the Michael Burry Stock . Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock portfolio. For example S&P 500 Index returned 43.4% in 1958. It has its workload revolving around acquisition and construction. By clicking Sign up, you agree to receive marketing emails from Insider Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. Therefore, it is safe to say that Michael Burrys wealth has accumulated through investment stocks. Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. On January 10, Wells Fargo analyst Matthew Akers maintained an Equal Weight rating on Lockheed Martin Corporation (NYSE:LMT) stock and raised the price target to $379 from $340, underlining that new programs that were transitioning to production would cut the risks to legacy rotorcraft platforms marketed by the firm. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. 9.47% 3-Year Performance. The dividend is distributable on May 1, to shareholders of record on April 3. Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 , an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. At the end of the third quarter of 2021, 248 hedge funds in the database of Insider Monkey held stakes worth $38 billion in Meta Platforms, Inc. (NASDAQ:FB). If you want to see more stocks in this selection, check out 5 Stocks Big . And still the door is only so big.". Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. We recorded equity method earnings from our investment in Kraft Heinz of $95 million in 2020, $493 million in 2019 and losses of approximately $2.7 billion in 2018. Michael Burry added SkyWest, Inc. (NASDAQ:SKYW) to his Q4 portfolio by acquiring 125,000 shares worth $2.06 million. It owned 1 million BBBY shares worth almost $11 million on June 30, 2020. Uniti Group Inc. is a real estate investment trust, headquartered in America. The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks. Michael Burry has invested in some of the most spread-out and wealthiest companies in all the U.S. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. William Crowley, William Harker, and Stephen Blass, Steel City Capital made the following comment about Liberty Latin America Ltd. (NASDAQ:LILA) in its Q3 2022 investor, According to Insider Monkeys third quarter database, SkyWest, Inc. (NASDAQ:SKYW) was part of 21 hedge fund portfolios, compared to 17 in the prior quarter. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. It indicates the company's profitability. A lower PEG could mean that a stock is undervalued. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are The GEO Group Inc (GEO), Black Knight Inc (BKI), Alibaba Group Holding Ltd (BABA), JD.com Inc (JD), Wolverine World Wide Inc (WWW), not including call and put options. 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. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. On its balance sheet, Berkshire carries the Kraft Heinz holding at a GAAP figure of $13.3 billion, an amount that represents Berkshires share of the audited net worth of Kraft Heinz on December 31, 2020. Among the hedge funds being tracked by Insider Monkey, New York-based firm. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Source: 13F filing, Author. Meanwhile, at the latest, Michael Burrys investments in GameStop have earned him a gain of 1,500%. Berkshire and its subsidiaries hold investments in certain businesses that are accounted for pursuant to the equity method. He offered a one-word piece of advice in late January: "Sell." He then proceeded to reduce that position by almost half in the first quarter of 2021 and sold it off completely during the second quarter. According to Insider Monkeys data, 14 hedge funds held stakes worth $58.4 million in Liberty Latin America Ltd. (NASDAQ:LILA) at the end of September 2022, compared to 20 funds in the prior quarter worth $77.4 million. is a leading shareholder in Lockheed Martin Corporation (NYSE:LMT) with 561,512 shares worth more than $193 million. 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. However, we will continue to monitor this investment and it is possible that an impairment loss will be recorded in earnings in a future period based on changes in facts and circumstances or intentions.. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. Disclosure. However, he sold up in August, bagging an estimated $68 million profit. We initially share this idea in October 2018 and the stock already returned more than 150%. Big Short investor Michael Burry of Scion Asset Management, along with hedge fund managers Farallon Capital Management and Coatue Management, made significant investments in Chinese companies prior to the reopening of China's borders in January. The video was published on Feb. 16, 2023. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. In Michael Burry's portfolio Q2 2021, the first thing to catch an eye was that Scion Asset Management bought 2,355 bearish (put) contracts against the ARK Innovation ETF during the second quarter and held them through the end of the period.However, he decided to sell that option and is currently no longer holding it. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks is originally published on Insider Monkey. According to Insider Monkeys third quarter database, SkyWest, Inc. (NASDAQ:SKYW) was part of 21 hedge fund portfolios, compared to 17 in the prior quarter. , is behind the latter. The company announced a Q4 non-GAAP loss per share of $0.93 and a revenue of $681.25 million, missing market estimates by $1.03 and $72.71 million, respectively. a chart on Twitter that shows the S&P 500's significant drop between February 2001 and October 2002, along with the decline in the Federal Reserve's benchmark interest rate during that time. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Lumen Technologies does not only deliver its services in The States; but, over the years, it has extended to Europe and the Middle East. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Scion Asset Managements Stake Value: $2,445,000 (After a 70% Decline in Stake in Q4). According to Insider Monkeys Q3 data, 18 hedge funds were long Wolverine World Wide, Inc. (NYSE:WWW), compared to 13 funds in the earlier quarter. It operates in two segments, Aerospace and Defense, and Real Estate. Liberty Latin America Ltd. (NASDAQ:LILA) provides fixed, mobile, and subsea telecommunications services. Along the way, I believe Biden could become one of the most powerful Presidents in history. Burry's Scion firm held a $8 million stake in September 2019, and a $10 million stake in June 2020. The company operates a regional airline in the United States and also leases regional jet aircraft and spare engines to third parties. a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything. Scion exited the wager during the next quarter, only to reinvest a few months later, filings show. Michael Burry is an American investor, and hedge fund manager. However, despite many misconceptions he is currently not a Billionaire officially yet. In 2002, Scion was up 16%, while the S&P 500 fell 22.1%. ", The Scion boss shot to fame after his billion-dollar wager against the mid-2000s housing bubble was immortalized in the book and movie "The Big Short.". The hedge fund of the latter has a very bullish stance on Musk and Tesla, Inc. (NASDAQ:TSLA). In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. Ken Griffins Citadel Investment Group held the largest position in the company, consisting of 1.5 million shares worth $13.8 million. Scion Asset Managements Stake Value: $3,353,000. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. Refer a Friend and Earn One Month of Free Membership. Discovery Inc. is a massive multinational media chain originating from America. In addition to Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD), Burry added MGM Resorts International (NYSE:MGM) to his portfolio during the December quarter. As of June 30th, NOW had $269 million of cash and no debt ($497 million market cap), although if demand recovers as we expect, some cash will be reinvested in working capital. Widely known to function as a telecommunications company, Lumen Technologies is a company based in America. Reported in March of 2022 UNIT held more than 125,000 fiber route miles. Naturally, that made his net worth go up. The popular investment manager has been vocal on social media telling investors to sell their stocks and take a defensive position. He added to the stake by 71% during the second quarter of 2021, buying nearly a million shares at an average price of $320 per share before selling off the position entirely during the third quarter. 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. The investments that this company makes are mainly in constructing and running prisons. If you choose to subscribe throughfool.com/parkev, he will earn some extra money that supports his channel. 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. The fund's top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. It functions as a cable operator and broadband connectivity provider, catering to both residential and commercial clients in the United States. 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 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. The Asia Pacific and Africa are also other countries where LUMN operates. The company operates through three segments Las Vegas Strip Resorts, Regional Operations, and MGM China. At its recent price of only $30 per share, we believe MGMs valuation is compelling at only 6 times 2023 estimated cash flow., Scion Asset Managements Stake Value: $3,892,184. Michael Burry's Scion Capital Management dumped his entire stock portfolio in the second quarter as the "Big Short" hedge fund legend stepped up his warnings about a looming stock market . He's now 51 years old. The carrying value of our investment was approximately $13.3 billion at December 31, 2020 and $13.8 billion at December 31, 2019. The hedge fund sentiment around the securities was assessed from Insider Monkeys Q3 2022 database of around 920 elite funds. 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. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. Sorry, no results has been found matching your query. Apparently, in 2004, Michael Burry had to stop taking on new work because he was already trying to handle $600 million. In early November, Stephens analyst Tommy Moll upgraded NOW Inc. (NYSE:DNOW) stock to Overweight from Equal Weight with a price target of $12, underlining that the company was showing commitment to protect gross margins. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. 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. Please visit the "Stock Picks" tab to see the latest guru trades and stock picks for Michael Burry, which include data from 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. All Rights Reserved. Burry's total holdings now total $41,298,000 in value and has six total positions after adding five new positions in the three months after the second quarter filing. MGM Resorts International (NYSE:MGM) was incorporated in 1986 and is based in Las Vegas, Nevada. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. 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. 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. Invest better with The Motley Fool. With a record $150 billion backlog and almost 30% of its revenue coming from building F-35 aircraft with deliveries forecast to reach 180 per year in 4-5 years (3Qs revenue upside was from the F-35), we believe LMT should grow at a higher rate than overall defense budget growth and Street expectations over the next several years. It occupies a good share of 5.94% in his investments, totaling a value of $8,309,000. Yet Burry tweeted an apparent warningthat the agreement could end badly. *Stock prices used were the afternoon prices of Feb. 14, 2023. Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. The chief of Scion Asset Management 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. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. The Partnership has been a buyer at these levels., Scion Asset Managements Stake Value: $2,063,750. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. Most of these channels are sold to media industries worldwide and are not only restricted to the televisions of Americans. The contribution of RPT Realty in his stock portfolio is 6.18% and has a substantial value of $8,650,000. I believe it will make millions of Americans vastly wealthier. If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. Here is what the fund said: We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. 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%). So, how did Warren Buffett manage to generate high returns and beat the market? as well as other partner offers and accept our, Securities and Exchange Commission filing revealed. Our largest energy holding is Helmerich & Payne, the nations largest drilling contractor. So, what did Michael Burry invest in for Big Short? Read more:We put 7 burning questions to top economist David Rosenberg. In a free sample issue of our monthly newsletter we analyzed Warren Buffetts stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffetts portfolio. 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. Burry first bought a stake in NOW Inc. (NYSE:DNOW) in the fourth quarter of 2020. Access your favorite topics in a personalized feed while you're on the go. Disclosure: None. 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. The current portfolio value is calculated to be $47.00 Mil. Congrats to all those Autopilot'ing the Burry Portfolio, you should be up on this position too . The analyst advised investors to focus on defensive, high-quality, and recession-resistant companies, with a specific emphasis on those that are expected to perform relatively better.

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