michael burry portfolio performance

Michael Burry has invested in some of the most spread-out and wealthiest companies in all the U.S. Cost basis and return based on previous market day close. Burry's Scion firm held a $8 million stake in September 2019, and a $10 million stake in June 2020. Time will tell, but to paraphrase country music artist Merle Haggard, we do not yet think cables good times are really over for good.. DISCA contributes largely to his investments, having a numeral share of 5.38% and a value of $7,523,000. We utilize no bright-line tests in such evaluations. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. We remain attracted to WWWs strong collection of brands and its fragmented customer base.. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. Widely known to function as a telecommunications company, Lumen Technologies is a company based in America. He was born in San Jose, California on June 19, 1971. 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. 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. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Burry sold all but one of his holdings in the second quarter of this year, after sounding the alarm on the "greatest speculative bubble of all time in all things" last summer, and warning owners of meme stocks and cryptocurrencies they were careening toward the "mother of all crashes. Some of these brands are HSN, Garnet Hill, and Ballard Designs. The company operates a regional airline in the United States and also leases regional jet aircraft and spare engines to third parties. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. GuruFocus.com is not operated by a broker or a dealer. Enjoy a 7-Day Free Trial Thru Mar 12, 2023! The dividend is distributable on May 1, to shareholders of record on April 3. Ken Griffins, 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. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. The company has a sweeping influence on sellers of America, owning 49 shopping centers in the country in total, meaning that the land owned by RPT is approximately 11.9 million sq. 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. Read more:A Michael Burry expert breaks down what makes the 'Big Short' investor special. A lower PEG could mean that a stock is undervalued. Easily embed the chart on your blog or website it will always update JPMorgan analyst . Michael Burry expanded his US stock portfolio from a single holding to six last quarter. 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. 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. 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. Burry is most famous for his billion-dollar bet against the mid-2000s housing bubble, which was chronicled in the book and movie "The Big Short." Charters hefty free cash flows are valuable in the hands of proven, astute capital allocators. The Motley Fool recommends Coherent. 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. Access your favorite topics in a personalized feed while you're on the go. In this article, we discuss the 4 best stock picks and portfolio performance of Michael Burry. 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. All theaters are overcrowded and the only way anyone can get out is by trampling each other. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Safe Stocks to Buy Hand Over Fist in 2023, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Bob Peck and Andy Raab's FPR Partners held the biggest position in the company, with 21.8 million shares worth $44 million. In this article, we discuss 13 stocks that Michael Burry is buying and selling. Meta Platforms, Inc. (NASDAQ:FB) develops and markets products that enable people to connect. RPT Realty is a company based in New York, in The United States of America. Ric Dillons, Diamond Hill Capital made the following comment about Wolverine World Wide, Inc. (NYSE:WWW) in its Q4 2022 investor, 5 Stocks Big Short Michael Burry Is Buying and Selling, China to guard against risks in property market - Premier Li, REFILE-Ukrainian pilot pair in Arizona to fly military simulators - US official, Another Norfolk Southern train derails in Ohio; company says no toxins aboard, UPDATE 2-China opens parliament, setting modest growth target of about 5%, China to develop more energy and mineral reserves and boost production. WDCs headquarters are situated in California, USA, regulating the manufacturing of hard disk drives. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. My Top Michael Burry Stock to Buy Now in March, 1 Thing Everyone Missed About Alibaba's Quarter. 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. Keith Meisters Corvex Capital is the largest stakeholder of the company, with 6.67 million shares worth $198.3 million. These are known to operate beyond the U.S. borders. 9.47% 3-Year Performance. In the fourth quarter of 2022, Michael Burry slashed his stake in Qurate Retail, Inc. (NASDAQ:QRTEA) by 70%, holding 1.50 million shares worth $2.4 million. Israel Englanders Millennium Management is the leading stakeholder of the company, with 1.19 million shares worth $19.5 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. This investment adviser does not provide advice to individual investors. Following the Financial Crisis of 2008, he closed the firm to focus on his own personal investments. Burry had accurately predicted the collapse of both these bubbles. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. 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. Please visit the "Current Portfolio" tab to see the current and past 13F holdings for Michael Burry, as well as holding map, It indicates the company's profitability. Its value in Michael Burrys current portfolio is a grand sum of $10,770,000. 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. In short, a powerful new economic force is quietly building behind Joe Biden and Im confident Biden can harness this forces inevitable wave, carrying him to a LANDSLIDE re-election win. 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. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm. It is one of the most popular stocks among hedge funds. 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. Several elite hedge funds are bullish on the company as a new fiscal year begins. As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. It is also in the lead of the mobile and social commerce race. Apparently, in 2004, Michael Burry had to stop taking on new work because he was already trying to handle $600 million. The fund's top five holdings, which we analyze below, account for 72.2% of its total public equity exposure. is originally published on Insider Monkey. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. To make the world smarter, happier, and richer. Lockheed Martin Corporation (NYSE:LMT) has won the backing of major hedge funds in the past few months. The products that Burrys company provides to its customers include a wide range of Institutional Advisory Services and Investment Products. Considering revenue, WFC has been awarded the 30th position in the list of the worlds largest corporations, as reported by Fortune 500 in 2020. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. It has been a favorite hedge fund stock for years. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. 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. 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. 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. 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. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm. Scion Asset Managements Stake Value: $2,445,000 (After a 70% Decline in Stake in Q4). We initially share this idea in October 2018 and the stock already returned more than 150%. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. SkyWest, Inc. (NASDAQ:SKYW) was incorporated in 1972 and is headquartered in St. George, Utah. 1-Year Performance. 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%). 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. Data from around 900 elite hedge funds tracked by Insider Monkey was used to identify the number of hedge funds that hold stakes in each firm. The turnover rate is 70%. When our award-winning analyst team has a . Since 2013, Michael Burry's earnings have come from his second founded firm, Scion Asset Management. Burry's purchases suggest he remained bullish last quarter. Burry, whose bet against subprime mortgages . Congrats to all those Autopilot'ing the Burry Portfolio, you should be up on this position too . 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. 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. Burry recently shared 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. The investments that this company makes are mainly in constructing and running prisons. 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. 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 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. Burry recently. The investor of "The Big Short" fame bought 50,000 . Similarly, a college student named Jake Freeman revealed a 6.2% stake in late July. 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. date of 2022-12-31. 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. He was right, This was the 2008 Financial Crisis, Housing Bubble which resulted in the collapse of Lehman brothers investment bank & a major stock market crash! 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. Despite his education in both economics and medicine, Burry currently chooses to practice the former. Michael Burry did not buy any new stocks in the current portfolio. 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. Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. RPT Realty is the operator behind most shopping centers that are providing its services in open-air. In Michael Burry's current portfolio as of 2022-12-31, the top 5 holdings are. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. Fundamental company data provided by Morningstar, updated daily. 14 min read. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. 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. 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. Michael Burry invested in Bed Bath & Beyond at least twice before the meme stock's spectacular rise and epic fall, Securities and Exchange Commission filings show. 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. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. The Asia Pacific and Africa are also other countries where LUMN operates. Among the hedge funds being tracked by Insider Monkey, New York-based firm. CoreCivic, Inc. (NYSE:CXW) is a Tennessee-based company that owns and manages partnership correctional, detention, and residential reentry facilities in the United States. If you choose to subscribe throughfool.com/parkev, he will earn some extra money that supports his channel. And still the door is only so big.". Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. Indicates the relationship between the price performance of a share and the market. It occupies a good share of 5.94% in his investments, totaling a value of $8,309,000. It owned 1 million BBBY shares worth almost $11 million on June 30, 2020. that the reopening of China has led to an influx of investment in emerging market equities, causing record levels of inflows. Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. Through a vast network of 245 locations, NOWs 300,000 SKU product offering addresses all segments of the energy value chain, from upstream E&Ps to midstream infrastructure to downstream refining, in addition to industrial end markets including chemicals, mining, utilities, and manufacturing. 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. 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). Because of its high-end worth. 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. In Q3 2022, Michael Burry purchased 132,561 shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) worth $5.30 million. 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 maintained a Hold rating on the shares. is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. Here you can find the latest trades based on Burry's 13F filings and insider trades. He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. Israel Englanders, 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. Lockheed Martin Corporation (NYSE:LMT) operates as an aerospace and defense firm. Disclosure. The locations of these centers are Florida, Chicago, Minnesota, and Ohio. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio Click to skip ahead and . Other products are safety supplies, drills, and paints. In the third quarter of 2022, Michael Burry acquired 155,761 shares of Liberty Latin America Ltd. (NASDAQ:LILA) worth $958,000. The popular investment manager has been vocal on social media telling investors to sell their stocks and. 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. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. We see several investors trying to strike it rich in options market by risking their entire savings. 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. The answer is water. *Stock prices used were the afternoon prices of Feb. 14, 2023. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June 2020. 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. The top 5 stocks still make up about 76% of the total . Mortgage Backed Securities (MBS) are a collection of Home loan mortgages compiled together to create an investment security. If you want to skip our detailed analysis of these stocks, go directly to the Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. Some of the top picks still in the portfolio include CoreCivic, Inc. (NYSE:CXW) and CVS Health Corporation (NYSE:CVS). If Warren Buffetts hedge fund didnt generate any outperformance (i.e. 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. The Motley Fool has a disclosure policy. Our share of such charges was approximately $850 million in 2020, $450 million in 2019 and $3.7 billion in 2018. Meme-stock specialist and GameStop chairman Ryan Cohen built a nearly 10% stake in the first quarter of last year, fueling hopes he might engineer a comeback for the retailer. When energy companies reduce activity, NOW suffers. Michael Burry is a successful investor, hedge fund manager, and physician. 15 Dividend Growth Stocks with Highest Rates, 10 Most Promising EV Battery Stocks to Buy. 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. Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. 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). 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. 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. Making the world smarter, happier, and richer. Currently, the most significant of these is our investment in the common stock of The Kraft Heinz Company (Kraft Heinz). It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits. Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. Meta Platforms, Inc. (NASDAQ:FB) has featured in the Scion portfolio since early 2020. The analyst highlighted the Future Vertical Lift program as a big opportunity for Lockheed Martin Corporation (NYSE:LMT). as well as other partner offers and accept our, Securities and Exchange Commission filing revealed. Michael Burry is capturing headlines recently for predicting another stock market crash. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 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. A higher ratio indicates a higher risk. 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. Berkshire and its subsidiaries hold investments in certain businesses that are accounted for pursuant to the equity method. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. If you want to read our detailed analysis of these stocks, go directly to the Michael Burry Stock . 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 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. An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). Read more:We put 7 burning questions to top economist David Rosenberg. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. Disclosure: None. In 2018, it gained an enormous revenue of $39.8 billion. Because of its widespread worth for The U.S. government, it has managed to own 129 facilities and 95,000 beds for this purpose. Warren Buffett took 25% of all returns in excess of 6 percent. Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. 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. This reopening followed nearly three years of restrictions on travel and commerce. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. The 51-year-old Scion Asset Management founder Burry, immortalized in the 2015 movie "The Big Short," has become a trusted financial prognosticator ever since he boldly bet against the housing . Burry manages Scion Asset Management with a portfolio value of . It has its workload revolving around acquisition and construction. At the end of 2022, Scion only held nine stocks, and 56% of his portfolio was invested in . 338.80% 5-Year Performance. For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. It functions as a cable operator and broadband connectivity provider, catering to both residential and commercial clients in the United States. Defensive positioning is the current theme of his portfolio . 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. 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.

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michael burry portfolio performance