He then prodded the company's managers with an open letter demanding change. Michael Burrys net worth isnt stellar by current hedge fund manager standards. sale Burry, however, seems to have been investing on valuation and fundamentals, instead of a squeeze organized on social media by an army of investors with diamond hands., GameStops Massive Surge Creates A New Billionaire As Reddit Traders Bet Against Wall Street, How GameStop And An Army Of Reddit Traders Broke The Markets, This is a BETA experience. WebMichael Burry has a short position against the US Treasury market worth $280 million, according to disclosures first reported by Bloomberg. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Tesla shares have dropped nearly 20% in 2021 after surging a whopping 740% in 2020. Since Michael Burrys investing history is largely disclosed in Securities and Exchange Commission @michaeljburry The S&P 500 index has rebounded strongly from the pandemic crash in the spring of 2020, rising from a low of 2,192 points to around 3,800 points today. of 85,171 shares made by Paul W Graves the Director of Quaker Houghton and owns about 90,126 shares of Quaker Houghton (KWR) stock worth over $17 Million. Mr. Barry has been our Chief Executive Officer and President since October 2008 and our Chairman of the Board since May 2009. Michael has made over 28 trades of the Quaker Houghton stock since 2011, according to the Form 4 filled with the SEC. Michael F Barry sale At GameStops Reddit-fueled high of $483, Burrys maximum holding could have been worth over $1.5 billion. To invest in cryptocurrencies in a tax-advantaged account, check out our list of the best Bitcoin IRA companies today. Beyond digital currencies, Michael Burry invests in farmland, real estate, and gold according to a 2010 interview with Bloomberg. The trade seeped into social media. Michael had dabbled in investments and even made it a hobby while at UCLA. At GameStops Reddit-fueled high of $483, Burrys maximum holding could have been worth over $1.5 billion. Applied Minerals Inc (AMNL)'s detailed insider trading history can be found in Insider Trading Tracker table. In his first full year in 2001, he was reportedly up 55% while the S&P 500 fell 11.88%. The surge cost Wall Street investors almost $20 billion in mark-to-market losses, according to data from S3 Partners, at the worst of the squeeze. The film received widespread acclaim, receiving five Academy Award nominations and a win for Best Adapted Screenplay. Musk, a proponent of cryptocurrency generally, announced last week that Tesla was indefinitely suspending the acceptance of bitcoin as a payment for cars, saying he was concerned by the "rapidly increasing use of fossil fuels for Bitcoin mining and transactions." When the housing market collapsed in late 2007, his move proved to be extremely profitable, generating $825M for himself and his investors. Disclosure: Our content isn't financial advice. Michael Burrys contrarian investing strategy proved successful throughout the first decade of the 2000s, as he capitalized on the instability of internet companies and the subprime lending market. When he was two years old, he lost his left eye to retinoblastoma, and has had an artificial eye ever since. He seemed to know what to bet on and what not to. The most recent stock trade was executed by Michael F Barry on 12 April 2023, trading 300 units of KWR stock currently worth $60,021. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. In 2009, he was talked about in journalist Gregory Zuckerman's non-fiction book "The Greatest Trade Ever," which primarily focused on hedge fund manager John Paulson's role in the subprime mortgage crisis. As somewhat of a reclusive persona, Dr. Burry has built his net worth simply by investing wisely, rather than making a spectacle of himself. His talent as an investor caught the attention of some of the larger companies. sale The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Got a confidential news tip? Michael Burry is an American physician, investor and hedge fund manager who has a net worth of $300 million. Credible publications, such as Access your favorite topics in a personalized feed while you're on the go. Burry was one of the first investors to call and profit from the subprime mortgage crisis. After completing his courses there he transferred to Vanderbilt University School of Medicine, earning his M.D. Michael F Barry made He generated returns of 55% in his first full year, 2001, at a time when the S&P 500 fell nearly 12%. Musk has tens of millions of followers on Twitter. He is still famous for the brilliant move that earned him a fortune. a net While working on completion, he was distracted by another passion that turned out to be stronger than his desire to practice medicine. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. By all accounts, Dr. Michael Burry is skeptical of cryptocurrencys inherent value but nonetheless embraces the technology as an investment. 8 transactions in Quaker Houghton (KWR) over the past 5 years, including 0 buys and 8 sells. Tesla is currently delayed in producing and delivering its updated versions of its high-end sedan and SUV, the Model S and X, respectively. a net Mr. Barry currently serves as a director of Rogers Corporation. Gurus may be added or dropped from the GuruFocus site at any time. It started with the first $100 million he earned in his hedge fund and has continued to increase ever since. By July 2020, he was publishing videos to YouTube under the pseudonym Roaring Kitty, presenting in kitten-themed tee shirts his detailed analysis on why GameStop could gain big if the market grew more optimistic on its sales as a new PlayStation console was released. Most notably, Burrys firm purchased credit default swaps from Goldman Sachs that were positioned against subprime mortgage deals. It was a highly unusual move for such a relatively small fund manager. By 2004 he had more than $600 million worth of assets under management. , , Burry had a bigger part as one of the subjects of Michael Lewis' 2010 non-fiction book "The Big Short: Inside the Doomsday Machine," which chronicled the build-up to the housing bubble collapse and covered the main players who profited from it by betting against the market. 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. Michael Burry is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to a filing with the U.S. Securities and Exchange Commission. Mr. Burry is a contrarian investor at heart, meaning he tends to invest in the opposite direction of the market. In a Jan 26 tweet, Burry called the squeeze unnatural, insane and dangerous. He added, there should be legal and regulatory repercussions from the trading. Meanwhile, Musk's electric vehicle venture is facing regulatory scrutiny in China and the U.S. with high-profile vehicle crashes leading to negative publicity and investigations by vehicle safety authorities in both nations. and Image Source. (Learn more). Unlike many other successful investors, Dr Michael Burry is not a public personality. Michael F Barry currently owns a total of 2 Michael F Barry Michael Burrys contrarian investing strategy proved successful throughout the first decade of the 2000s, as he capitalized on the instability of internet companies and the subprime lending market. Stock quotes provided by InterActive Data. Famed investor Michael Burry on Monday revealed in a regulatory filing a short position against Tesla worth more than half a billion. Based on ownership reports from SEC filings, as the reporting owner, Michael Barry owns 1 companies in total, including 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. , While completing his residencies at the Stanford Hospital in neurology and pathology, he moonlighted as a financial investor in his spare time. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. and bought an estimated value of $3.48M worth of shares. But opting out of some of these cookies may have an effect on your browsing experience. Instead of billions, however, Burry looks like he may have made about $100 million on GameStop. Burry is almost a third of the way to becoming a billionaire. In September 2019,Keith Gill, a 34-year financial advisor in Massachusetts, got into the GameStop trade, paying $53,566.04 to buy 1,000 call options on the company and posting his position to Reddit on Sept. 8, 2019 under the pseudonym u/DeepF__ingValue, which eventually became a sensation with millions of followers. . We want to hear from you. Insiders are limited to only officers and/or directors of the company. Dave Matthews is a singer, songwriter, musician, actor, and record label owner who began his career in 1991. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. brought Other key executives at Quaker Houghton include of 3,083 shares made by Robert C Daigle By April of 2008, Burry had liquidated his credit default swap shorts, and so did not benefit from the 2008 and 2009 economic bailouts. Tesla revealed earlier this year that it bought $1.5 billion worth of bitcoin. a net In January 2021, GameStop's share price skyrocketed thanks largely to a coordinated effort of Reddit users. In 2000, Burry founded the Scion Capital hedge fund. Starwood Capital, its affiliates and externally managed public companies encompass approximately 5,000 employees. . GuruFocus.com is not operated by a broker or a dealer. Michael Burry and Jeremy Grantham are bracing for a devastating crash across financial markets. He began placing bets in 2005. Beginning in the early 2000s, Burry saw a string of successes as the manager of Scion Capital, a now-defunct hedge fund. Approvals are in place for a new Urby development in Jersey Citys Journal Square neighborhood and leasing launches this month for phase III at Harrison Urby, which includes 381 new apartments on top of the 679 units completed in earlier phases. After launching Scion Capital LLC in 2001, the fund saw a 55% return thanks to wise bets against tech stocks ahead of the internet bubble. An earlier version misstated the number of put contracts Burry purchased. Filings show he sold his remaining 1.7 million share holding of GameStop in the fourth quarter. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Michael Barry usually trades in May, with the busiest year in 2021, 2018, 2019, 2022 and 2020. Net Worth $200 Million Ethnicity White Height N/A Education Vanderbilt University The one who doesn't fall is not the winner, but a winner is a person, who Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. The movie was titled The Big Short and it was nominated for a Golden Globe Award. Subscribe for access to the latest digital and special editions. Macron Slips Up - Taiwan Divides The West? When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Using his own analysis of mortgage lending practices over the previous two years, he correctly foresaw that the real estate bubble would collapse within as early as 2007. Since Michael Burrys investing history is largely disclosed in Securities and Exchange Commission (SEC) filings, we can conclude with a high degree of confidence that his true net worth is close to this mark. Its certainly not a stretch that Burrys net worth could be in the $300M range, if not higher. The book was adapted into a 2015 film directed by Adam McKay and starring Brad Pitt, Ryan Gosling, Steve Carell, and Christian Bale as Burry. On average, Quaker Houghton executives and independent directors trade stock every 19 days with the average trade being worth of $4,115,565. Last updated: 14 April 2023 at 5:31pm EST. Past performance is a poor indicator of future performance. ", The Scion boss shot to fame after his billion-dollar wager against the mid-2000s housing bubble was immortalized in the book and movie "The Big Short.". Gurus may be added or dropped from the GuruFocus site at any time. Michael is an active trustee of the New Jersey Apartment Association. As more automakers produce battery-electric vehicles of their own, ostensibly fewer will need to purchase environmental regulatory credits from Tesla, which they have done in order to become compliant with environmental regulations. The following year saw even greater results with a 16 percent profit margin. The performance of stocks bought by Michael F Barry within 3 months outperforms 0 times out of 1 transactions in total compared to the return of S&P 500 within the same period. He then liquidated his company to focus on personal investments. a net . of 5,000,000 shares made by Geoffrey Gates Scott The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Michael Burry's hedge fund is today 60% invested in real asset-heavy stocks, and he also has a large chunk of his personal wealth invested in farmland and other real assets. Although hed likely have made a fine physician, his passion for numbers and his keen awareness of the behaviors of markets allowed him to carve a niche in the hedge fund industry that made him worth hundreds of millions of dollars. He has never held a role on a television show, nor has he authored any books. All rights reserved. While off duty during his time at Stanford, Burry worked on financial investing, and became particularly successful in value investing. Besides his "Big Short," Burry made a killing from a long GameStop position recently as the Reddit favorite made Wall Street history with its massive short squeeze. Over the next six months he reduced his position down to 1.7 million shares. In the last 4 years, insiders at Livent Corp have sold an estimated value of $6.8M As stated above, Michael Burry is a talented stock picker who routinely bets against the momentum in the market. Another infamous Burry bet has been video game retailer GameStop. Stock quotes provided by InterActive Data. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 10 percent owner M. Kingdon Offshore Master Fund L.p. These cookies will be stored in your browser only with your consent. A Michael Burry expert breaks down what makes the 'Big Short' investor special. Other key executives at Rogers Corp include According to the SEC Form 4 filings, Michael F Barry has made a total of Mr. Barry owns over 300 units of Quaker Houghton stock worth over $16,820,215 and over the last 20 years he sold KWR stock worth over $19,048,800. Michael Barry's largest purchase order was, Livent Corp's most recent insider trade came on September 20, 2022 by This investment adviser does not provide advice to individual investors. After studying economics and pre-medical sciences at UCLA, he went on to obtain his M.D. . Dr. Michael Burry is an American WebBarry Financial.net, Michael F. Barry, New York Life, Walpole, MA , A hedge fund named Melvin Capital, backed by Billionaire Steven A. Cohen of Point72, was the biggest victim, dropping 53% in Januaryaccordingto theWall Street Journal, in part due to a short position in GameStop. a net Rogers Corporation designs develop and manufacture engineered materials and components for sale to original equipment manufacturers and component suppliers. The firm operates in three business segments: advanced connectivity solutions, which manufactures circuit materials for applications in communications infrastructure, automotive, and consumer electronics markets; elastomeric material solutions, which provide cushioning, sealing, and impact protection in automotive, transportation, and construction applications; and power electronics solutions, which sells ceramic substrate materials for power module applications. sale It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. The Redditors bought stock and options, trying to squeeze professional hedge fund investors who were short and it worked. To be detailed, the average return of stocks after 3 months bought by Michael F Barry is -16.13%. Subsequently, he turned his primary attention to investing in gold, water, and farm land. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. [+] Photographer: Tiffany Hagler-Geard/Bloomberg. and WebInvestor Dr Michael Burry has a personal net worth of about $300 million. 2023 Celebrity Net Worth / All Rights Reserved. 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. In 2021, GameStop became a sensation on Reddit threads like r/WallStreetBets. WebMichael Barry net worth is $1.7 Million Michael Barry Wiki: Salary, Married, Wedding, Spouse, Family Michael Barry is an actor, known for Honor and Glory (1993). Traditional investing strategies are failing The classic 60/40 portfolio split between stocks and bonds is underperforming as the Fed holds rates near zero for the foreseeable future. and sale We may earn money from products reviewed. GuruFocus tracks the stock performance after each of Michael F Barry's buying transactions within different timeframes. But you should not evaluate his predictive ability on net worth alone. Since Michael Burrys investing history is largely disclosed in Securities and Exchange Commission (SEC) filings, we can conclude with a. that his true net worth is close to this mark. He likely paid an average of $4 a share when he acquired his stake in 2020. Do your due diligence. He made his best decisions in 2007 when he bet against the banks netting him a cool $100 million in sheer profits. Burry previously mentioned in a tweet, that Tesla's reliance on regulatory credits to generate profits is also an impediment to the company's long-term prospects. purchase Submit a correction suggestion and help us fix it! no insider transaction in Rogers Corp (ROG). By clicking Sign up, you agree to receive marketing emails from Insider Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Majority of the revenue is earned from America. Instead of billions, however, Burry looks like he may He recovered fully from the frightening event and took an interest in medicine. Michael Burrys net worth is calculated by taking his declared assets and subtracting his known liabilities. WebDavid Arizini. 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 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. , Had Burry held onto his maximum holding of 3.4 million shares, theyd have been worth over $1.5 billion at GameStops Reddit-inspired 2,000%-plus surge in 2021. Using fundamental analysis techniques learned from Benjamin Graham and David Dodd, Dr. Burry was able to identify stocks that were overpriced relative to their intrinsic value.