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. 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. Moreover, Scion Capital had returns of 489.34% between 2000 and 2008. 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 . It started with the first $100 million he earned in his hedge fund and has continued to increase ever since. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. These assets are important elements in the investors diversification strategy and play a key role in his investing success and risk management practices. 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. The company owns and operates the Dragon Mine in Utah, from which it extracts, processes and markets halloysite clay and iron oxide which is sold to various markets. Click here to see the complete history of Michael Barrys form 4 insider trades. 3 insider transaction in Quaker Houghton (KWR) with a net He is still famous for the brilliant move that earned him a fortune. Burry, one of the first investors to call and profit from the subprime mortgage crisis, is long puts against 800,100 shares of Tesla or $534 million by the end of the first purchase He has few strong social connections, and he isnt a media darling. Michael F Barry made , After studying economics and pre-medical sciences at UCLA, he went on to obtain his M.D. Michael Burrys net worth is calculated by taking his declared assets and subtracting his known liabilities. 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. Burry didnt plan to become an investor, let alone a hedge fund manager. As of 12 April 2023 he still owns at least 90,126 units of Quaker Houghton stock. 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. The GameStop play helped set off one of the wackiest and most out of control trades in financial history, which minted billions of dollars in paper profits for some investors, including many amateur speculators, and caused big losses for some of the worlds most sophisticated hedge funds. Chief Accounting Officer Ronald B Stark Mr. Barry currently serves as a director of Rogers Corporation. Burry bought two million shares and recommended an obvious arbitrage. Quaker Houghton executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Within months GameStop spent $200 million to retire 38% of its heavily shorted stock. After completing his courses there he transferred to Vanderbilt University School of Medicine, earning his M.D. Later, he enrolled at the University of California, Los Angeles, where he studied economics and pre-med. He was a brilliant market analyst and his studies of the real estate market predicted that the bubble would collapse around 2007. If everyone else is going left, he goes right. Other recent insider transactions involving Applied Minerals Inc (AMNL) include Do your due diligence. After founding Scion Capital, he managed the assets of high-profile clients such as Vanguard, Joel Greenblatt, and White Mountains Insurance Group. 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. Michael Barry is 61, he's been the Chairman of the Board, President, and Chief Executive Officer of Quaker Houghton since 2009. . He's also known for betting againstElon Musk'sTeslaand Cathie Wood'sArk Innovation fund last year, and forinvestinginGameStop before it skyrocketed in January 2021 and kickstarted the meme-stock craze. While completing his residencies at the Stanford Hospital in neurology and pathology, he moonlighted as a financial investor in his spare time. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In January 2021, GameStop's share price skyrocketed thanks largely to a coordinated effort of Reddit users. and , Wealth Manager. and Investors profit from puts when the underlying securities fall in prices. All Rights Reserved. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. , By 2004 he had more than $600 million worth of assets under management. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. Where others are taking out long positions, he buys put options and starts shorting assets he deems over-hyped. 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 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. GuruFocus also compares Michael F Barry's trading performance to market benchmark return within the same time period. Truthfully, only Dr. Burry himself knows his precise net worth; the rest of us have to rely on rough estimates. Subscribe for access to the latest digital and special editions. The most active traders at the company are The most-recent trade in Quaker Houghton is the 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. Starwood Capital, its affiliates and externally managed public companies encompass approximately 5,000 employees. Fundamental company data provided by Morningstar, updated daily. sale from the Vanderbilt University School of Medicine, and began but did not complete a residency in neurology at Stanford University Medical Center. , 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. Livent Corp's most recent insider trade came on September 20, 2022 by His son was diagnosed with Asperger syndrome; after reading up on the disorder, Burry believes he might have it himself. Although not without their risks, digital assets like Bitcoin and Ethereum may hold a tremendous instrumental value that isnt yet reflected in their market prices. Thats the philosophy behind hedge betting. sale Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. Tesla revealed earlier this year that it bought $1.5 billion worth of bitcoin. Last updated: 14 April 2023 at 5:31pm EST. According to the SEC Form 4 filings, Michael F Barry has made a total of Investor Dr Michael Burry has a personal net worth of about $300 million. 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. How Did Dr Michael Burry Build His Wealth? Despite the macroeconomic warnings of a recession and job losses, small [], A Cherry Hill-based financial institution is back on top of Small Business Administration lenders in New Jersey, as ranked by[], I think these challenging times continue to create good opportunities for innovators, one panelist said during the disc[], Why is Late Show host (and Montclair resident) Stephen Colbert on our cover? Click here to see the complete history of Michael F Barrys form 4 insider trades. By clicking Accept, you consent to the use of ALL the cookies. On January 28, 2021, GameStop briefly hit $480 a share. Other big funds were hit hard, including Cohens Point72, which shed double digits in January. Burry is almost a third of the way to becoming a billionaire. Investor Dr Michael Burry has a personal net worth of about $300 million.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.. 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." Michael Burry expanded his US stock portfolio from a single holding to six last quarter. CHWY The S&P 500 fell again the next year while Burry once again was up. 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. Michael Burry and Jeremy Grantham are bracing for a devastating crash across financial markets. Burrys firm owns over 1.1 million shares worth over $46 million. 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. 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. 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. Credible publications, such as Yahoo Finance, have previously reported Michael Burrys net worth as $300M. He did so well with his stock picks that he garnered the attention of companies such as White Mountains Insurance Group and Vanguard, as well as major investors such as Joel Greenblatt. Bale was also nominated for Best Supporting Actor for his portrayal of Burry. Home Blog Reviews Retirement About Contact Disclaimer, His reputation for generous impressive returns during market downturns made Michael Burry famous for short selling. While off duty during his time at Stanford, Burry worked on financial investing, and became particularly successful in value investing. His current estimated net worth is $300 million as of April of 2021. Enjoy a 7-Day Free Trial Thru May 08, 2023! The WallStreetBetsforum on the Reddit Inc. website on a laptop computer and the GameStop logo. Dave Matthews is a singer, songwriter, musician, actor, and record label owner who began his career in 1991. There are no executives at Quaker Houghton getting paid more. Livent should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. In January, Melvin required a $2.75 billion infusion from Cohens Point72 Asset Management and Citadel, owned by billionaire Ken Griffin, due to its losses. Burrys firm owns over 1.1 million shares worth over $46 million. All Rights Reserved. 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 current estimated net worth of Livent Corp's Director, Michael Barry, is estimated to be about $56.19M . The firm generates revenue primarily in the United States, China, and Germany, but has a presence around the world. Disclaimer: The content on this website doesnt constitute financial advice. 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. Details can be seen in Michael F Barry's Latest Holdings Summary section. Shares of Tesla fell more than 4% on Monday, bringing its month-to-date losses to nearly 20%. Others jumped in. a net Some people come away from Sin City with their fortunes in ruins; others come away with them made. Burrys fame spread so rapidly that there was a short non-fiction book written about his life that was followed up with the film about his life, both titled The Big Short, which tells his incredible story that happens to be true. 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. 26,000 shares on October 15, 2018, which The company's low-cost lithium carbonate production comes from brine resources in Argentina. Michael F Barry GameStop could pull off perhaps the most consequential and shareholder-friendly buyback in stock market history with elegance and stealth, Burry told the company after disclosing his position. Burry was depicted in Michael Lewis' book "The Big Short" and the subsequent Oscar-winning movie of the same name. owns 28,959 shares of Livent Corp (LTHM) as of October 15, 2018, with a value of $632,754 and a weighting of 3.63%. Given Dr Michael Burrys incredible credentials, many people wonder: what is Michael Burrys net worth? While he was making payments toward his credit default swaps, Burry experienced a revolt among his investors, many of whom became nervous that his predictions would prove inaccurate. Kristin Ashman. The lions share of Michael Burrys wealth derives from the SEC filings of Scion Asset Management, the investment firm that he owns. Your California Privacy Rights/Privacy Policy. 9 min read. . Michael F. Barry is Chairman of the Board, President, Chief Executive Officer of Quaker Chemical Corporation. , bought 10% of GameStop, and joined its board in the fall, hoping to bolster its digital platform. 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. Livent is a pure-play lithium producer that was formed when FMC spun off its lithium business in October 2018. He began placing bets in 2005. Rogers Corporation designs develop and manufacture engineered materials and components for sale to original equipment manufacturers and component suppliers.