Michael Burry, famously known for his bold ‘Big Short’ wager against subprime mortgages in the early 2000s, has recently offloaded several substantial bearish positions following unsuccessful outcomes. As the founder of Scion Asset Management, Burry dissolved his put options on major indices and semiconductor stocks during the third quarter, as revealed by regulatory documents. These divestments mark a significant shift, unwinding bets that had reached a notional value surpassing $1.6 billion earlier this year.
Burry’s Bearish Bets Get Shuffled According to Scion’s 13F Filings
Gaining notoriety for his strategic bets against the surging housing market and intricate mortgage securities that resulted in enormous gains during the market collapse, Michael Burry’s latest endeavors to capitalize on market downturns have predominantly misfired. Initiated in the second quarter, his renewed short positions targeting the S&P 500, and the Nasdaq 100 through puts, saw Burry compelled
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