It owns and manages casino, hotel, and entertainment resorts in the United States and Macau. To add to its success story, it is one of the 10 best e-commerce companies in America. It has been a favorite hedge fund stock for years. Burry's latest chart and comment suggest that he sees similarities between the current market surge and the one in early 2001, when interest rates were at 6%, and he expects both the S&P 500 and the Fed Funds rate to eventually drop, with the Fed cutting rates as the economy weakens and asset prices decline. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. In its Q4 2020 investor letter, RiverPark Advisors, LLC, an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. Once that happened, Burry warned buyers of meme stocks they were signing up for the "mother of all crashes." 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. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) is a California-based company that designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The analyst highlighted the Future Vertical Lift program as a big opportunity for Lockheed Martin Corporation (NYSE:LMT). It occupies a good share of 5.94% in his investments, totaling a value of $8,309,000. Deutsche Bank analyst Carlo Santarelli on February 9 raised the firm's price target on MGM Resorts International (NYSE:MGM) to $53 from $49 and kept a Buy rating on the shares. In the broad electronics industry that the world has with the prevailing level of technology, WDC has been a contributor to it for a very long time. He likely had no inkling that retail investors, eager to make some fast money and punish hedge funds, would pile into the stock and send it skyward. "The fall in wealth is unsurprising given the dramatic pivot in monetary policy that culminated in the worst performance for the traditional blended portfolio . Overall, Scion grew its US stock portfolio from six positions to nine, and its total value swelled by 13% to about $47 million. He set alarm bells ringing when he slashed his portfolio to a single position in the second quarter of last year, but added five additional namesin the third quarter. Michael Burry said there will be "terrible consequences" if student debt is cancelled. Even so, we have kept our exposure to the energy sector in check given our concerns about the overall economy.. 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. Feb 9. 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. Bank of America Global Research data indicates that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. He has previously advised investors to "sell" and warned that the S&P 500 could drop by over 50% to around 1,900 points. Therefore, it is safe to say that Michael Burrys wealth has accumulated through investment stocks. It is one of the service providers of wireless functions and operations and is currently at the forefront of such providers. It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. 15 Dividend Growth Stocks with Highest Rates, 10 Most Promising EV Battery Stocks to Buy. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! In which he had credit default swap short positions against "Mortgage Backed Securities. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. Michael Burry bolstered his US stock portfolio from one holding to six in the third quarter, a Securities and Exchange Commission filing revealed on Monday. For FY 2023, the company expects net income to range from $58.0 million to $75.0 million, FFO per diluted share of $1.35 to $1.50, diluted EPS of $0.50 to $0.65, and EBITDA between $298.5 million to $313.5 million. His opinions remain his own and are unaffected by The Motley Fool. The dividend is distributable on May 1, to shareholders of record on April 3. 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. Since 2013, Michael Burry's earnings have come from his second founded firm, Scion Asset Management. The video was published on Feb. 28, 2023. SkyWest, Inc. (NASDAQ:SKYW) was incorporated in 1972 and is headquartered in St. George, Utah. And it means its going to be harder than ever to hold onto any money you make. In the following year 2019 rankings in America that were calculated based on total revenue by Forbes 500, Allstate Corp. held the 79th position. On January 9, Truist analyst Michael Ciarmoli raised the firm's price target on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to $58 from $45. 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.. He has even said that he even owns some coins. According to Insider Monkeys Q3 data, 17 hedge funds were long CoreCivic, Inc. (NYSE:CXW), with combined stakes worth $57.4 million. Lumen Technologies does not only deliver its services in The States; but, over the years, it has extended to Europe and the Middle East. 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. Portfolio 9 Options 0 Performance. The carrying value of our investment was approximately $13.3 billion at December 31, 2020 and $13.8 billion at December 31, 2019. Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter. 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. The popular investment manager has been vocal on social media telling investors to sell their stocks and. On February 2, SkyWest, Inc. (NASDAQ:SKYW) reported its fourth quarter results, falling short of Wall Street consensus. I believe it will make millions of Americans vastly wealthier. 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. Is Alibaba Stock a Buy After Q4 Earnings? 10 stocks we like better than Alibaba Group. For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today, reflecting the retailer's onerous debts, inventory woes, and warnings of potential bankruptcy. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. If you want to see more stocks in this selection, check out 5 Stocks Big . The services provided by Lumen Technologies encompass communications, cloud, and network services. Qurate Retail Group is an American company, immersed and actively engaged in media usage to run a business venture. Additionally, this management of the clients investments, ensures that success rates of the clients also go up. In the fourth quarter of 2022, Burry sold the entirety of his stake in the company. Today, Burry still regularly invests through his fund Scion Asset Management, although he's pretty choosy. Registration on or use of this site constitutes acceptance of our. 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. In its Q3 2020 investor letter, Palm Valley Capital, an asset management firm, highlighted a few stocks and NOW Inc. (NYSE:DNOW) was one of them. The Kraft Heinz Company (NASDAQ:KHC) is one of the worlds largest manufacturers and marketers of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Scion Asset Management chief warned of a dramatic decline in stocks, and forecasted. 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. A higher ratio indicates a higher risk. The idea between these securities is risk was "supposed" to be diversified. 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. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm. Despite his education in both economics and medicine, Burry currently chooses to practice the former. 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. 214.91% 10-Year Performance . He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. @burrytracker. Michael Burry did not buy any new stocks in the current portfolio. He's also compared the stock market's rally this year to the dot-com bubble, and cautioned meme-stock buyers. The Motley Fool recommends Coherent. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. Some of these brands are HSN, Garnet Hill, and Ballard Designs. Michael Burry is an American investor, and hedge fund manager. William Crowley, William Harker, and Stephen Blass Ashe Capital held the leading position in the company. 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. These returns have duly contributed to the exceptional Michael Burry portfolio. 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.. Michael Burry is a legendary investor & hedge fund manager. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. He has also cautioned that the Fed may hesitate to intervene in order to support asset prices, as it could intensify inflation. Past performance is a poor indicator of future performance. 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. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. These holdings are: 8.01% of his portfolio is LUMN, having a value of $11,213,000. The Geo Group is best known to own the immigrant detention centers in The United States. Burry's new positions are as follows: Charter Communications ( CHTR) CoreCivic Inc. ( CXW) Aerojet Rocketdyne Holdings Inc. ( AJRD) Liberty Latin America ( LILA) Qurate Retail ( QRTEA) In addition, Michael Burry increased his position in GEO Group ( GEO) by more than three times. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. It is an integrated circuit maker, along with flash memory devices. Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. The good news is, this powerful new force can help you make a lot of money even in a bear market. GME Stock Split in 2023 [Things You Need to Know], Shopify Stock Split in 2023 [Everything You Need to Know], Publix Stock Split in 2023 [Things You Need to Know], LILAK - Liberty Latin America Ltd Com Cl C. He's now 51 years old. 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. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). These are known to operate beyond the U.S. borders. 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. Yearly payout to shareholders per share. Click to skip ahead and . Scion Asset Managements Stake Value: $3,353,000. DISCA contributes largely to his investments, having a numeral share of 5.38% and a value of $7,523,000. Geo is the tenth top holding of Michael Burry, having a fair contribution of 5.35% in his stocks. In light of this fact, we evaluated our investment in Kraft Heinz for impairment. In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. Israel Englanders Millennium Management is the leading stakeholder of the company, with 1.19 million shares worth $19.5 million. However, the released 13f filings ceased after that and were resumed in 2019. At least in BBBY's case, he was right on the money. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. 338.80% 5-Year Performance. If you choose to subscribe throughfool.com/parkev, he will earn some extra money that supports his channel. 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. The video was published on Feb. 16, 2023. A Michael Burry expert breaks down what makes the 'Big Short' investor special. . 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. In this article, we discuss the 8 best stock picks and portfolio performance of Michael Burry. On November 4, BofA analyst Jason Haas downgraded Qurate Retail, Inc. (NASDAQ:QRTEA) to Underperform from Neutral with a price target of $1.20, down from $4, after the company reported below-consensus Q3 revenue and OIBDA. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. The business is highly predictable so there havent been any surprises on the operational front, and virtually all of its floating-rate debt has been swapped, thereby protecting it from this years rapid rise in interest rates. The fund's top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. Please visit the "Current Portfolio" tab to see the current and past 13F holdings for Michael Burry, as well as holding map, Burry's purchases suggest he remained bullish last quarter. The company operates through three segments Las Vegas Strip Resorts, Regional Operations, and MGM China. 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. In November, he once again warned of market speculation and this time compared the situation to the crisis just before the onset of the Great Recession in 1920. The form of media delivered by DISCA is television channels, and unlike most television channels displaying fictional shows, DISCA owns a chain of factual channels for general knowledge and awareness purposes. Here you can find the latest trades based on Burry's 13F filings and insider trades. A month later, Burry once again made an appearance on social media to compare the hype around growth stocks and Bitcoin to the housing bubble of 2007 and the dotcom bubble at the turn of the millennium. Disclosure. He maintained a Hold rating on the shares. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. It is safe to say, it can also produce world-class SSDs thereby, having close competition with Micron Technology, as well as Seagate Technology. highlighted a few stocks and The Kraft Heinz Company (NASDAQ: NOW Inc. (NYSE:DNOW) distributes energy and industrial products for petroleum refining. 1-Year Performance. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily. 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. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. This years free cash flow guide is for $120 million (ex. Michael Burry is a successful investor, hedge fund manager, and physician. Since 2015, Michael Burrys 13f filing has been coming out to educate the world on investing. Reported in March of 2022 UNIT held more than 125,000 fiber route miles. 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. To navigate the uncertain equity market in 2023, some of the stocks that Big Short Michael Burry is buying include Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD). 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. Nonetheless, it has still managed to attain over $386.9 million in Assets Under Management (AUM). Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. In this article, we discuss the 10 stocks to sell according to Michael Burry. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. 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. Access your favorite topics in a personalized feed while you're on the go. During 2000-2008, he logged returns, calculating up to 489.34%. 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. 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. Ratio between share price and earnings per share. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. Therefore, it would not be shocking to see Michael Burrys returns rocketing up by large numbers. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors. Just as inflation started creeping up in the United States, derailing a faster-than-expected economic recovery and leading to speculation around a rise in interest rates and an accompanying correction in growth stocks, Burry slashed his stock positions from more than 20 down to only 6. . Meanwhile, at the latest, Michael Burrys investments in GameStop have earned him a gain of 1,500%. MGM Resorts International (NYSE:MGM) was incorporated in 1986 and is based in Las Vegas, Nevada. Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. In Q3 2022, Michael Burry purchased 132,561 shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) worth $5.30 million. However, the ratio is difficult to compare between industries where common amounts of debt vary. At the time, the legendary investor bought 1.5 million shares of NOW Inc. (NYSE:DNOW) at an average price of $5.63 per share. In Michael Burry's portfolio as of 31 Dec 2022, the top 5 holdings are (GEO) GEO GROUP INC/THE (25.02%), (BKI) BLACK KNIGHT INC (19.90%), (COHR) COHERENT CORP (11.31%), (BABA) ALIBABA GROUP HOLDING-SP ADR (9.46%) and (JD) JDCOM INC-ADR (9.05%). The fund returned about a 4.17% return in the quarter which was well below the market performance in Q4 2022 (S&P 500 index rose about 7%). Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. Click to continue reading and see 5 Stocks Big Short Michael Burry Is Buying and Selling. , an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ: 10 Best Bank and Finance Stocks to Buy According to Mario Gabelli, 10 Best SPACs to Invest In According to Reddit. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Read more:A Michael Burry expert breaks down what makes the 'Big Short' investor special. Keith Meisters Corvex Capital is the largest stakeholder of the company, with 6.67 million shares worth $198.3 million. Please visit the "Stock Picks" tab to see the latest guru trades and stock picks for Michael Burry, which include data from The five defense stocks in FIDU account for slightly less than 13% of the $728 million in net assets. My Top Michael Burry Stock to Buy Now in March | Super Investors. Burry isn't the only notable investor to show interest in BBBY. Actually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as fees. In Q4 2022, Michael Burry sold off his entire stake in Charter Communications, Inc. (NASDAQ:CHTR), worth $3 million. 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. From his first company, Michael Burry was able to earn huge profits and positive returns from the beginning for his investors. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. 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. 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. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. Burry then added to that stake in the first and second quarter of 2021, increasing it by 99% and 21% respectively. 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. Unlike Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD), Michael Burry got rid of his position in Rocketdyne Holdings, Inc. (NYSE:AJRD) during the last quarter of 2022. RPT Realty is a company based in New York, in The United States of America. Burry, whose bet against subprime mortgages . Market experts who closely follow Burry claim that this is a sign that he is preparing for a crash. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Meta Platforms, Inc. (NASDAQ:FB) develops and markets products that enable people to connect. 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. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. This decision was made following the impressive Q4 gaming and revenue per available room metrics for the Las Vegas strip, as well as positive reports from competitors in recent weeks. Yet Burry tweeted an apparent warningthat the agreement could end badly. Get our editors daily picks straight in your inbox! 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. 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. The popular investment manager has been vocal on social media telling investors to sell their stocks and take a defensive position. Now Inc an American company whose parent company is Distribution Now makes 7.7% of his portfolio. 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. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits. 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. Access your favorite topics in a personalized feed while you're on the go. 13F quarterly reports, 13D/G beneficial ownership reports and form 4 insider ownership change reports. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. It is involved in choosing the best buyers across the world, selling products that depict a hidden story or have a deep meaning behind it. 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. Burry, a value investor who specializes in sniffing out bargains, may have determined the two companies' shares were oversold and likely to stage a comeback. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Michael Burry is widely known for predicting the 2008 Financial Crisis & Housing bubble, popularised in the Oscar Winning Movie "The Big Short" (2015). Here's what he said about the outlook for stocks and house prices, and the threat of a recession. 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. Furthermore, Qurate Retail Group can reach 218 homes across the globe, just by using the television. Several elite hedge funds are bullish on the company as a new fiscal year begins. It is a real estate investment trust that functions and trades on a public level. The total net worth of Michael Burry comes out to be $300 million. 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). 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. 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.