michael burry portfolio performance michael burry portfolio performance

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. 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. The active rig count in the U.S. is at all-time lows. Easily embed the chart on your blog or website it will always update The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. From his first company, Michael Burry was able to earn huge profits and positive returns from the beginning for his investors. 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. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Yet it's still a fraction of its size at the end of March, when it contained 11 stocks worth a combined $165 million excluding bearish put options that Scion held against 206,000 Apple shares. Burry's Scion Asset Management purchased 750,000 shares of the homewares retailer in the third quarter of 2019, securing a stake worth $8 million on September 30 that year. 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. Read the original article on Business Insider. Burry recently. Michael Burry. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. 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. 338.80% 5-Year Performance. In the fourth quarter of 2022, Burry sold the entirety of his stake in the company. If you want to read our detailed analysis of these stocks, go directly to the Michael Burry Stock . Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. Most of these channels are sold to media industries worldwide and are not only restricted to the televisions of Americans. NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. Michael burry saw that ultimately fundamentals would bring the truth about the real value of these securities and many would plummet to zero! Now Inc. is a company that has a significant role in the energy sector that supplies oil and gas globally to several markets. To make the world smarter, happier, and richer. 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. Disclosure. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. Access your favorite topics in a personalized feed while you're on the go. The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks. He's also known for betting againstElon Musk'sTeslaand Cathie Wood'sArk Innovation fund last year, and forinvestinginGameStop before it skyrocketed in January 2021 and kickstarted the meme-stock craze. . By clicking Sign up, you agree to receive marketing emails from Insider Alibaba and JD.com are both Chinese e-commerce businesses. 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. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. to generate high returns in the 20% to 30% range. The rate at which the company's net income has increased to the same quarter one year ago. The popular investment manager has been vocal on social media telling investors to sell their stocks and. The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. The dividend is distributable on May 1, to shareholders of record on April 3. It has been a favorite hedge fund stock for years. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. It was recorded between 2015 and 2016, that fundholding maximized to $100 million. The company is a new holding in the portfolio of Scion Asset Management. This reopening followed nearly three years of restrictions on travel and commerce. A buying frenzy drove BBBY shares as high as $43 during that period; if Burry had kept his million shares, they would have briefly quadrupled in value to $43 million. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. Furthermore, Qurate Retail Group can reach 218 homes across the globe, just by using the television. Steel City Capital made the following comment about Liberty Latin America Ltd. (NASDAQ:LILA) in its Q3 2022 investor letter: Liberty Latin America Ltd. (NASDAQ:LILA) has been a dog this year, declining nearly 45% through the end of the third quarter. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June . In this article, we discuss 13 stocks that Michael Burry is buying and selling. 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%). By clicking Sign up, you agree to receive marketing emails from Insider 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. To see the historical data of Scion Asset Management's portfolio holdings please click on the "2022 Q4" dropdown menu and select the date. On January 9, Truist analyst Michael Ciarmoli raised the firm's price target on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to $58 from $45. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE: Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. In 2018, it gained an enormous revenue of $39.8 billion. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. Other products are safety supplies, drills, and paints. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. My Top Michael Burry Stock to Buy Now in March, 1 Thing Everyone Missed About Alibaba's Quarter. Please visit the "Summary" page to see the top 10 holdings, recent stock picks, performance, sector / industry breakdown details, as well as past holding history summary for Michael Burry. 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. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. 1-Year Performance. And still the door is only so big.". It is one of the service providers of wireless functions and operations and is currently at the forefront of such providers. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. However, they were still rated AAA (Investment grade) by many credit Agencies! He launched his hedge fund in 1956 with $105,100 in seed capital. We have mentioned the stocks Burry sold first, and ranked the remaining list in ascending order of his stake value. 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. Bank of America Global Research data. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. WDCs headquarters are situated in California, USA, regulating the manufacturing of hard disk drives. The investments that this company makes are mainly in constructing and running prisons. During the third quarter, Scion Asset Management made new purchases in 3 stocks, additional purchases in none, sold out of 19, and reduced holdings in 2 stocks. Get our editors daily picks straight in your inbox! If you want to read about some stocks to sell per Burry, go directly to Michael Burry Stock Portfolio: 5 Stocks He . On another occasion in 2018, by total assets, Wells Fargo became the fourth largest bank in the United States of America. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. It has been a favorite hedge fund stock for years. Berkshire currently owns 325,442,152 shares of Kraft Heinz common stock representing 26.6% of the outstanding shares. Here is what Weitz Partners Value Fund has to say about Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2022 investor letter: Liberty Broadbands primary asset is a 26% stake in Charter Communications (NASDAQ:CHTR). We still like this investment. The top 5 stocks still make up about 76% of the total . Pason and NOW represent our fourth and fifth investments in the energy sector. 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. 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. Uniti Group Inc. is a real estate investment trust, headquartered in America. In the fourth quarter of 2022, Michael Burry purchased 356,101 shares of Wolverine World Wide, Inc. (NYSE:WWW) worth $3.8 million, representing 8.36% of the total 13F holdings. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Michael Burry did not buy any new stocks in the current portfolio. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! It operates in two segments, Aerospace and Defense, and Real Estate. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). 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. "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. 2004-2023 GuruFocus.com, LLC. Even so, we have kept our exposure to the energy sector in check given our concerns about the overall economy.. 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. Burry's Scion firm held a $8 million stake in September 2019, and a $10 million stake in June 2020. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. Overall, Scion grew its US stock portfolio from six positions to nine, and its total value swelled by 13% to about $47 million. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. William Crowley, William Harker, and Stephen Blass Ashe Capital held the leading position in the company. Past performance is a poor indicator of future performance. It is one of the most popular stocks among hedge funds. Considering revenue, WFC has been awarded the 30th position in the list of the worlds largest corporations, as reported by Fortune 500 in 2020. Michael Burry is capturing headlines recently for predicting another stock market crash. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. He's also known for investingin GameStop before it became a meme stock,betting against Elon Musk's Tesla and Cathie Wood's flagship Ark fund last year, and making grim predictions about market crashes and economic catastrophes. Portfolio value: $46M+ Period: 2022 Q4 Number of stock: 9 Update: 14 Feb 2023 Important is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. Michael Burry said there will be "terrible consequences" if student debt is cancelled. Mortgage Backed Securities (MBS) are a collection of Home loan mortgages compiled together to create an investment security. Today, Burry still regularly invests through his fund Scion Asset Management, although he's pretty choosy. According to Insider Monkeys third quarter database, 26 hedge funds were bullish on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), with combined stakes worth $704.2 million. However, the released 13f filings ceased after that and were resumed in 2019. BBBY was its sixth-largest position out of eight total holdings, and made up 13% of its $60 million US stock portfolio at the time. Meanwhile, at the latest, Michael Burrys investments in GameStop have earned him a gain of 1,500%. Burry first bought a stake in NOW Inc. (NYSE:DNOW) in the fourth quarter of 2020. For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. The chief of Scion Asset Management went as far as to say that it was the greatest speculative bubble and would lead to the mother of all crashes. Scion Asset Management's public equity portfolio is heavily concentrated. In this article, we discuss the 4 best stock picks and portfolio performance of Michael Burry. The answer is water. He has also cautioned that the Fed may hesitate to intervene in order to support asset prices, as it could intensify inflation. Burry had accurately predicted the collapse of both these bubbles. It is reported that in GameStop, he reported 1.7 million shares, and his returns peaked at a value of $271 million. Channels lying in the dominion of DISCA are Animal and Science Planet, Discovery Channel, and TLC. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. 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 . However, the ratio is difficult to compare between industries where common amounts of debt vary. Earlier in August, Burry had also sparred with Wood. GuruFocus.com is not operated by a broker or a dealer. Michael Burry, the investor of "The Big Short" fame, slashed his US stock portfolio to a single holding in the second quarter, a Securities and Exchange Commission filing showed on Monday.. As early as February 2021, when the post-pandemic economic recovery had yet to fully take-off, Burry took to Twitter to sound the alarm bells over a historic crash, noting that the markets were dancing on a knifes edge as valuations soared and debt margins increased. 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. Replying to . Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:FB), and Discovery, Inc. (NASDAQ:DISCA), among others. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. Apparently, in 2004, Michael Burry had to stop taking on new work because he was already trying to handle $600 million. As the Supreme Court considers President Joe Biden's student loan forgiveness plan, Burry wrote in a series . Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. The contribution of RPT Realty in his stock portfolio is 6.18% and has a substantial value of $8,650,000. He offered a one-word piece of advice in late January: "Sell." highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. However, it has streamlined its business since the last oil and gas downturn and expects reduced operating losses this round. Source: 13F filing, Author. Michael Burry is capturing headlines recently for predicting another stock market crash. The carrying value of our investment was approximately $13.3 billion at December 31, 2020 and $13.8 billion at December 31, 2019. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. Our largest energy holding is Helmerich & Payne, the nations largest drilling contractor. We initially share this idea in October 2018 and the stock already returned more than 150%. Several elite hedge funds are bullish on the company as a new fiscal year begins. Defensive positioning is the current theme of his portfolio . Ken Griffins Citadel Investment Group held the largest position in the company, consisting of 1.5 million shares worth $13.8 million. We received dividends from Kraft Heinz of $521 million in each of 2020 and 2019 and $814 million in 2018, which we recorded as reductions in our carrying value. ADS and ADR are traded on US stock exchanges but represent ownership of foreign-listed companies. Michael Burry did not buy any new stocks in the current portfolio. 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. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Based on the available facts and information regarding the operating results of Kraft Heinz, our ability and intent to hold the investment until recovery, the relative amount of the decline and the length of time that fair value was less than carrying value, we concluded that recognition of an impairment loss in earnings was not required. Below is the Michael Burry portfolio today based on the 3rd quarter 13f filing as of 9/30/22 with the SEC. In the third quarter, Scion bought a stake in NOW Inc. (NYSE:DNOW) again. 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. The locations of these centers are Florida, Chicago, Minnesota, and Ohio. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. So, how did Warren Buffett manage to generate high returns and beat the market? We believe the financial strength of our holdings is far above the typical energy company. "It's time memesters look up what a death spiral convertible is," he said. 9 min read. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. 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. The company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. To navigate the uncertain equity market in 2023, some of the stocks that Big Short Michael Burry is buying include Black Knight, Inc. (NYSE: According to Insider Monkeys Q3 data, 68 hedge funds were long Charter Communications, Inc. (NASDAQ:CHTR), and. Nevertheless, in 2013, Dr. Michael Burry founded another firm called Scion Asset Management, which has now become a vital portion of the portfolio of Michael Burry. SBC) by 2024, meaning shares have been trading in a range of 4-6x price to free cash flow. Access your favorite topics in a personalized feed while you're on the go. However, Burry once again closed the bet over the next three months, meaning he got out before the meme-stock boom in January 2021. The video was published on Feb. 16, 2023. Scion has sold off some of these stakes in the third quarter but they have been included in the list as they remained in the Scion portfolio for the first half of 2021. 13 Stocks Big Short Michael Burry Is Buying and Selling is originally published on Insider Monkey. 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. Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. 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. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm. To add to its success story, it is one of the 10 best e-commerce companies in America. Warren Buffett took 25% of all returns in excess of 6 percent. QRTEA consists of seven brands that are always ahead of its competing forces. Feb 9. Copyrights 2021-2023 Valuesider All rights reserved. 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. 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. 214.91% 10-Year Performance . 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. He was born in San Jose, California on June 19, 1971. Between June and September, the portfolio value of Scion Asset Management decreased from $140 million to just $41 million. Market cap divided by the revenue in the most recent year. Most recent portfolio value is calculated to be $ 46,536,925 USD. 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. The hedge fund of the latter has a very bullish stance on Musk and Tesla, Inc. (NASDAQ:TSLA). Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. 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. It is also in the lead of the mobile and social commerce race. Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. Once that happened, Burry warned buyers of meme stocks they were signing up for the "mother of all crashes." 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. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks is originally published on Insider Monkey. Burry swapped out all but two of the holdings in his US stock portfolio. In the coming years, it can be said with conviction that Michael Burrys stocks portfolio is only to prosper more. Burry's purchases suggest he remained bullish last quarter. Berkshire and its subsidiaries hold investments in certain businesses that are accounted for pursuant to the equity method. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. Further, strategic acquisitions (LMT acquired AJRD for $4 billion in late December), debt pay down, a 3% dividend yield, and continued share buybacks from $6 billion per year of free cash flow should lead to even greater shareholder returns.. 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. Read more:We put 7 burning questions to top economist David Rosenberg. He was only holding Geo group Inc. stock in the second quarter of 2022. Shares of The Kraft Heinz Company (NASDAQ:KHC) common stock are publicly-traded and the fair value of our investment was approximately $11.3 billion at December 31, 2020 and $10.5 billion at December 31, 2019. 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. S&P 500 Index lost 10.8% in 1957, so Buffetts investors actually thrilled to beat the market by 20.1 percentage points in 1957. We put 7 burning questions to top economist David Rosenberg. It is safe to say, it can also produce world-class SSDs thereby, having close competition with Micron Technology, as well as Seagate Technology. Similarly, a college student named Jake Freeman revealed a 6.2% stake in late July. On February 8, MGM Resorts International (NYSE:MGM) reported a Q4 non-GAAP loss per share of $1.53 and a revenue of $3.59 billion, topping market estimates by $0.04 and $240 million, respectively. Administrative and Support and Waste Management and Remediation Services ($9.67 Million), Arts, Entertainment, and Recreation ($4.59 Million), Transportation and Warehousing ($2.6 Million), Mining, Quarrying, and Oil and Gas Extraction ($0), Professional, Scientific, and Technical Services ($0). In the following year 2019 rankings in America that were calculated based on total revenue by Forbes 500, Allstate Corp. held the 79th position. Portfolio 9 Options 0 Performance. It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. Burry manages Scion Asset Management with a portfolio value of . It owned 1 million BBBY shares worth almost $11 million on June 30, 2020. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. 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. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. Several elite hedge funds are bullish on the company as a new fiscal year begins. Analytical Laboratory Instrument Manufacturing, Crude Petroleum and Natural Gas Extraction, All Other Miscellaneous Chemical Product and Preparation Manufacturing, Biological Product (except Diagnostic) Manufacturing, Semiconductor and Related Device Manufacturing, Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers, Offices of Real Estate Agents and Brokers, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Commercial and Institutional Building Construction.