In the ever-evolving world of finance, few figures have captured the attention of both Wall Street veterans and novice investors alike as Michael Burry. Best known for his uncanny prediction of the 2008 housing market crash, as showcased in the movie ‘The Big Short’, Burry’s investment strategies and moves are closely watched by many. One way to peek into his investment playbook is by tracking his 13F filings. But what can one really learn from these? Let’s dive in.
Here is Michael Burry’s new 13F Holdings:
|Company Name||Share Type||Identifier|
|CHARTER COMMUNICATIONS INC N||CL A||16119P108|
|COMSTOCK RES INC||COM||205768302|
|CRESCENT ENERGY COMPANY||CL A COM||44952J104|
|CVS HEALTH CORP||COM||126650100|
|EXPEDIA GROUP INC||COM NEW||30212P303|
|FRANKLIN TEMPLETON ETF TR||FTSE JAPAN ETF||35473P744|
|GENERAC HLDGS INC||COM||368736104|
|GEO GROUP INC NEW||COM||36162J106|
|HUDSON PAC PPTYS INC||COM||444097109|
|IHEARTMEDIA INC||COM CL A||45174J509|
|INVESCO QQQ TR||UNIT SER 1||46090E103|
|ISHARES INC||MSCI JAPN SMCETF||464286582|
|ISHARES INC||MSCI JPN ETF NEW||46434G822|
|ISHARES TR||MSCI JP VALUE||46435U374|
|LIBERTY LATIN AMERICA LTD||COM CL C||G9001E128|
|MGM RESORTS INTERNATIONAL||COM||552953101|
|NEW YORK CMNTY BANCORP INC||COM||649445103|
|NEXSTAR MEDIA GROUP INC||COMMON STOCK||65336K103|
|NEXTIER OILFIELD SOLUTIONS||COM||65290C105|
|PRECISION DRILLING CORP||COM NEW||74022D407|
|QURATE RETAIL INC||COM SER A||74915M100|
|SAFE BULKERS INC||COM||Y7388L103|
|SIGNET JEWELERS LIMITED||SHS||G81276100|
|SPDR S&P 500 ETF TR||TR UNIT||78462F103|
|STAR BULK CARRIERS CORP.||SHS PAR||Y8162K204|
|THE CIGNA GROUP||COM||125523100|
|THE REALREAL INC||COM||88339P101|
|VITAL ENERGY INC||COM||516806205|
|WARNER BROS DISCOVERY INC||COM SER A||934423104|
What are 13Fs?
The 13F is a quarterly report submitted to the U.S. Securities and Exchange Commission (SEC) by institutional investment managers with at least $100 million in equity assets. It provides a snapshot of a manager’s holdings, offering insights into which stocks they’re buying, holding, or selling. For followers of top investors, these filings are akin to a treasure map.
Why Track Michael Burry’s 13Fs?
- Historical Success: Burry’s success, especially his bet against subprime mortgages which earned his investors massive profits, has solidified his reputation as an astute value investor.
- Contrarian Views: Often, Burry goes against the grain, investing in areas others shun. Tracking his 13Fs can offer insights into potentially undervalued or overlooked sectors.
- Deep Research: Known for his deep and meticulous research, understanding Burry’s moves can provide investors a hint of sectors worth further investigation.
Gleaning Insights: What to Look for in the 13Fs?
- New Holdings: Which stocks has he newly invested in? These can hint at sectors or companies he believes are currently undervalued.
- Stocks He’s Exiting: Just as important as what he’s buying is what he’s selling. Are there stocks he’s offloading? If so, why might that be?
- Holding Patterns: Are there stocks he consistently holds through multiple quarters? Such stocks could indicate long-term value plays.
The Caveats of 13F Tracking
While 13Fs offer valuable insights, it’s essential to approach them with a discerning eye:
- Lagging Indicator: The 13Fs reflect holdings from the end of the previous quarter. By the time they’re filed, the manager’s positions might have changed.
- Incomplete Picture: The 13Fs don’t provide the reasoning behind the buys or sells, nor do they reveal the manager’s entire portfolio, especially non-equity assets.
- Different Strategies: Just because a strategy or stock pick works for Burry doesn’t mean it’s suitable for all investors. Individual financial situations, risk tolerances, and investment horizons can vary widely.
Tracking Michael Burry’s 13F filings offers a fascinating glimpse into the mind of one of the world’s most renowned investors. While these filings can serve as a valuable guide, they should be one tool among many in an investor’s toolbox. As with all investment strategies, thorough research, due diligence, and perhaps consultation with a financial advisor are crucial.