He has never held a role on a television show, nor has he authored any books. Michael F Barry around $442,000. a net On average, Michael trades about 4,795 units every 43 days since 2003. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. 10 percent owner M. Kingdon Offshore Master Fund L.p. of 88,806 shares. sale You also have the option to opt-out of these cookies. Burry subsequently obtained his M.D. To get to the bottom of the matter, we decided to investigate Michael Burrys net worth by looking at his investing history, as well as his reported assets and liabilities. of There are no executives at Quaker Houghton getting paid more. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. As of March 31, Burry owned 8,001 put contracts, with unknown value, strike price, or expiry, according to the filing. He then liquidated his company to focus on personal investments. Applied Minerals Inc (AMNL)'s detailed insider trading history can be found in Insider Trading Tracker table. Instead of billions, however, Burry looks like he may , 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. In total, Michael Barry has made about 5 transactions over 4 years of their time at Livent Corp. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. By his own admission, Michael Burrys success as an investor is largely thanks to his knowledge of the margin of safetythat is, the difference between the intrinsic value of an asset and its market price. , The trade seeped into social media. sale In this article, we examined Big Short's Michael Burry bets on 11 stocks amid his warning over the stock market collapse ahead. By clicking Sign up, you agree to receive marketing emails from Insider Savvy investors would be wise to get in now, before institutional capital piles in in the years to come. Gilberto Antoniazzi who sold 3,635 units worth Burry became widely-known as the founder of Scion Capital LLC. Other recent insider transactions involving Quaker Houghton (KWR) include Vice President - EMS Brian Keith Larabee , in which he was played by actor Christian Bale. Top Companies for Your Offshore Gold Investment, Shorting the dot-com and subprime mortgage markets, portrayed in 2015 film. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. of 16,000. While this set him in a good position, he was far from finished in building his wealth. He is still famous for the brilliant move that earned him a fortune. Senior VP Global Operations Lawrence Erwin Schmid Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. and and Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. Dr. , The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. . Thats the philosophy behind hedge betting. Details can be seen in Michael F Barry's Latest Holdings Summary section. sale Results and data presented on this website may represent past performance and arent a good indicator of future returns. WebWhat Is Michael Burrys Net Worth? It is within the trading industry that he has earned his fortune. Enjoy a 7-Day Free Trial Thru May 08, 2023! Mr. Barry owns over 700 units of Quaker Houghton stock worth While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. During the past 18 months, 4,985 shares of Rogers Corp (ROG) were sold and 4,000 shares were bought by its insiders, resulting in a net Sign up for free newsletters and get more CNBC delivered to your inbox. sale Michel continues to do what he loves for a living, and it seems that the money just keeps piling up in his accounts. Famed investor Michael Burry on Monday revealed in a regulatory filing a short position against Tesla worth more than half a billion. Necessary cookies are absolutely essential for the website to function properly. Your California Privacy Rights/Privacy Policy. Access your favorite topics in a personalized feed while you're on the go. The most active traders at the company are Fundamental company data provided by Morningstar, updated daily. of 0 shares. sale Given that Scion Asset Management, his highly exclusive hedge fund, had $2 billion in assets under management as of Q2 2021. In summary, during the past 3 months, insiders sold 0 shares of Rogers Corp (ROG) in total and bought 0 shares, with a net he entered the residency program to complete his training at Stanford Hospital and Clinics in the department of neurology. 1 transactions in Livent Corp (LTHM) over the past 5 years, including 1 buys and 0 sells. So famous, in fact, that Burry served as the inspiration for the 2015 film. VP & Gen Counsel & Secretary Jessica Ann Morton Today, cryptocurrencies pose some of the greatest upside potentials of any asset class. Over the last 22 years, insiders at Quaker Houghton have traded over $53,659,627 worth of Quaker Houghton stock and bought 4,177,917 units worth $476,940,519 In Michael Burrys case, it paid to be a pessimist and hope for the worst to happen. For Burry, the squeeze could have made him over $1 billion at certain points of January. The firm manages more than $20 billion in assets and is known for its $6.1 , have previously reported Michael Burrys net worth as $300M. Although he doesn't practice, Burry has kept his license active with the Medical Board of California. He hasnt needed to do anything else for a living because working in investments and big finance is the thing that brings him the most satisfaction. Michael F Barry is and Savvy investors would be wise to get in now, before institutional capital piles in in the years to come. 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. In 2003, he beat the market again with his investments rising by 50%. Some dont like to come away at all,, Read More The 10 Richest People in NevadaContinue. By the end of 2004, Scion had grown by 50 percent which was the equivalent of $600 million. Burry's Scion Asset Management 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. Enjoyed this article?For exclusive stock picks, investment ideas and CNBC global livestreamSign up forCNBC ProStart yourfree trial now. How Dave Matthews Achieved a Net Worth of $300 Million, How Bill Murray Achieved a Net Worth of $140 Million, How Jennifer Garner Achieved a Net Worth of $80 Million, How Melissa Rauch Achieved a Net Worth of $20 Million, How Si Robertson Achieved a Net Worth of $8 Million, 20 Countries With the Least Amount of Debt, The 10 Most Expensive Skateboards in the World, The 10 Best Ducati Motorcycles of All-Time. 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. Urby currently has four large-scale properties in operation, with two in New Jersey. Oh, yeah, he also happens to be a licensed medical doctor. If you want to invest like Michael Burry, you need to take chances and capitalize on opportunities as they emerge in the market. 2023 Celebrity Net Worth / All Rights Reserved. . First Republic Investment Management. The estimated Net Worth of Michael F Barry is at least $44.1 Million dollars as of 3 March 2023. Chief Accounting Officer Nicholas Pfeiffer Investors in his company made as much as $700 million, but Burry was pleased with his take. The complacency was exploited by the Reddit army, to devastating effect. GuruFocus tracks the stock performance after each of Michael F Barry's buying transactions within different timeframes. While off duty during his time at Stanford, Burry worked on financial investing, and became particularly successful in value investing. sale To be detailed, the average return of stocks after 3 months bought by Michael F Barry is -16.13%. Applied Minerals Inc is an exploration-stage company engaged in the production of halloysite clay and natural iron oxide solutions based in the United States. Michael J. Burry was born June 19, 1971, in San Jose, California. GameStops ascent into meme stock stardom began in the summer of 2019 when Burry uncovered his next great trade in the ailing video game retailer. purchase , Michael Burry, the hedge fund investor who built a massive position in GameStop before it became a meme stock on Reddit and skyrocketed, sold his entire stake in late 2020. In summary, during the past 3 months, insiders sold 2,000 shares of Quaker Houghton (KWR) in total and bought 0 shares, with a net What is Michael Barrymores net worth: Michael Barrymores net worth is estimated to be $15million (11million), according to the website NetWorthPost. 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. To compare investors like Michael Burry check out some of the profiles listed below. Make America Healthy Again - Falling Life Expectancy Is Alarming, Silicon Valley Bank Collapse And Credit Suisse Rescue Are A Boon For Private Equity, Saudi To The Fore As OPEC Cuts Production, Keith Gill, a 34-year financial advisor in Massachusetts, the founder of online pet food seller Chewy. he decided to change careers when he was so close to the finish line in medicine. Livent Corp's most recent insider trade came on September 20, 2022 by Another infamous Burry bet has been video game retailer GameStop. In the first quarter of 2021, Tesla reported $518 million in sales of regulatory credits, which Elon Musk's company generally receives from government programs to support renewable energy. For the past decade, Mr. Burry has gone on to become one of the most successful hedge fund managers and investors in the United States. Co-owners of Ironstate Development Co. the Barrys have brought transformative thinking to neighborhoods in cities like Hoboken, Jersey City, Harrison and Montclair. no insider transaction in Livent Corp (LTHM). At its peak, Burrys position Burrys in GameStop amounted to 3.4 million shares or 5.3% of the ailing video game retailer, purchased at prices between $2 and $4.20 a share. WebInvestor Dr Michael Burry has a personal net worth of about $300 million. More than a decade later, he has tripled his net worth and continues to stockpile the cash annually, according to Bustle. Tesla historically has racked up around $1.6 billion in regulatory energy credits, primarily zero emission vehicle credits, which helped the company report more than four consecutive quarters of profitability, qualifying the automaker for addition to the S&P 500 index. Moreover, the Federal Reserve has been flooding the market with liquidity and a second round of stimulus checks hit bank accounts at the end of the year, a risk hedge funds should have sidestepped. Gilberto Antoniazzi, Vice President and CFO, During the past 18 months, 88,806 shares of Livent Corp (LTHM) were sold and 0 shares were bought by its insiders, resulting in a net Michael had dabbled in investments and even made it a hobby while at UCLA. At the height of the dot-com bubble, Burry successfully shorted many stocks that he deemed were overvalued by speculative investors. This experience and thinking is exemplified in their current venture, Urby, a modern apartment brand that reimagines the residential experience for people living in and around cities, extending the urban fabric and lifestyle in new and imaginative ways. Gurus may be added or dropped from the GuruFocus site at any time. 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. Michael Burry and Jeremy Grantham are bracing for a devastating crash across financial markets. After Losing 90% Of His Wealth In 2008, Bill Miller Became A Billionaire Again Thanks To Bitcoin And Amazon. Filings disclosed by Burrys hedge fund Scion Asset Management on Tuesday reveal the hedge funder, who made millions shorting subprime mortgages during the 2008 crisis and was dramatized in The Big Short, sold 1.7 million GameStop shares in the fourth quarter, exiting a position in the company that once stood at 5.3% of the company. Over the past 18 months, Tesla has had a turbulent 2021 amid slumping sales in China in April, and parts shortages that have impeded production both in the U.S. and China. a net Mr. Burry is a contrarian investor at heart, meaning he tends to invest in the opposite direction of the market. The most-recent trade in Livent Corp is the Moreover, Scion Capital had returns of 489.34% between 2000 and 2008. He likely paid an average of $4 a share when he acquired his stake in 2020. First Republic Investment Management. Michael F Barry made and The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 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. First Republic Investment Management. Paul Graves, President and CEO, Michael Barry is the director of Applied Minerals Inc. Investors profit from puts when the underlying securities fall in prices. Image Source. In a bull market, Burrys net worth is likely significantly higher than it is during a sustained downturn. 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. These cookies do not store any personal information. and Other key executives at Livent Corp include Based on ownership reports from SEC filings, as the reporting owner, Michael Barry owns 1 companies in total, including If everyone else is going left, he goes right. Oh, yeah, he also happens to be a licensed medical doctor. Over the past 18 months, Get this delivered to your inbox, and more info about our products and services. 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. $442K on October 15, 2018. and Michael Burry is a famous hedge fund manager who made a killing in the market when the housing crash of 2008 hit. 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. We may earn money from products reviewed. purchase Michael Barry made While working on completion, he was distracted by another passion that turned out to be stronger than his desire to practice medicine. Within months GameStop spent $200 million to retire 38% of its heavily shorted stock. Other key executives at Quaker Houghton include Michael Barry's largest purchase order was 28,959 units , worth over Registration on or use of this site constitutes acceptance of our. Refer a Friend and Earn One Month of Free Membership, Ibs Turnaround Fund (qp) (a Ltd Partnership). stocks. . Its certainly not a stretch that Burrys net worth could be in the $300M range, if not higher. no insider transaction in Rogers Corp (ROG). 3 insider transaction in Quaker Houghton (KWR) with a net Michael Burry is one of the most gifted financial analysts in America today. The company's low-cost lithium carbonate production comes from brine resources in Argentina. Burry also reportedly holds put options on nearly $31 million of the firm ARK Investment Management. 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. Most notably, Burrys firm purchased credit default swaps from Goldman Sachs that were positioned against subprime mortgage deals. In the fourth quarter of 2020, Tesla's $270 million in net income was enabled by its sale of $401 million in regulatory credits to other automakers. 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. [+] Photographer: Tiffany Hagler-Geard/Bloomberg. sale Within 12 months the fund gained just under 12 percent. By the end of 2004, he was managing around $600 million. Burry was portrayed by Christian Bale in the 2015 film "The Big Short". He reportedly holds put options on more than 800,000 Tesla shares. Rogers Corporation designs develop and manufacture engineered materials and components for sale to original equipment manufacturers and component suppliers. In an April 2010 op-ed piece for The New York Times Burry argued that anyone who carefully studied the financial markets from 2003 to 2005 could have easily recognized the risk in the subprime markets. of 3,000 shares made by Peter C Wallace Michael Burry of 'The Big Short' is betting against Tesla, Bitcoin falls after Tesla stops accepting the cryptocurrency as payment, The most heavily shorted stocks on Wall Street include three electric vehicle-related names, Shares of this Swedish EV maker could nearly double, Cantor Fitzgerald says. All net worths are calculated using data drawn from public sources. How Michael Burry Achieved a Net Worth of $300 Million - Money However, the value of these options and shares are not owned by him alone, but rather by him and the other controlling partners at Scion. The stock sales mean Burry missed out on a Reddit-fueled 2,000% surge in the video game retailer at one point in 2021, which would have made him over $1 billion. rather than precisely calculated. 300 shares on April 14, 2023, which 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. You may opt-out by, Photographer: Tiffany Hagler-Geard/Bloomberg, Turkeys Crucial Election Could Mean The End Of Erdogan Era, Shockwaves In Swiss Banking Following Credit Suisse Collapse. In March 2020 Burry revealed he had acquired 3 million shares of GameStop. NetApp, Inc. (NASDAQ: As stated above, Michael Burry is a talented stock picker who routinely bets against the momentum in the market. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. GuruFocus.com is not operated by a broker or a dealer. , bought 10% of GameStop, and joined its board in the fall, hoping to bolster its digital platform. Beginning in the early 2000s, Burry saw a string of successes as the manager of Scion Capital, a now-defunct hedge fund. He was a brilliant market analyst and his studies of the real estate market predicted that the bubble would collapse around 2007. of 85,171 shares made by Paul W Graves and bought an estimated value of $3.48M worth of shares. Where others are taking out long positions, he buys put options and starts shorting assets he deems over-hyped. Instead of billions, however, Burry looks like he may have made about $100 million on GameStop. Burry was eventually correct and his fund ultimately earned $700 million for his investors. Through Scion, he correctly predicted the 2008 real estate market crash, earning a fortune in the process. ", 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.". , By all accounts, Dr. Michael Burry is skeptical of cryptocurrencys inherent value but nonetheless embraces the technology as an investment. Since not all of his assets, debts, and liabilities are public knowledge, his net worth must be. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. he continued to make personal investments that have delivered high returns on investments. Over the next six months he reduced his position down to 1.7 million shares. The largest trade he's ever made was exercising 58,709 units of Quaker Houghton stock on 29 June 2012 worth over $836,016. and Burry is a fearless investor known for speeding down the road less travelled when every other investor is stuck in traffic on the same slow, congested highway. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This site uses Akismet to reduce spam. Among these stocks, Burry is almost a third of the way to becoming a billionaire. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. , You might contact Michael F Barry via mailing address: One Quaker Park, 901 Hector St, Conshohochen Pa 19428. His skills and intuition are nothing short of phenomenal. the Director of Livent Corp and owns about 28,959 shares of Livent Corp (LTHM) stock worth over $632,754. This category only includes cookies that ensures basic functionalities and security features of the website. also (Learn more). Consequently, Burry shorted the market by persuading Goldman Sachs and other big investment firms to sell him credit default swaps against subprime deals that were vulnerable. By clicking Accept, you consent to the use of ALL the cookies. After founding Scion Capital, he managed the assets of high-profile clients such as Vanguard, Joel Greenblatt, and White Mountains Insurance Group.
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