Michael Burry, the hedge fund investor made famous in Michael Lewis' The Big Short, has made bearish bets against the S&P 500 and Nasdaq, according to his fund's most recent 13-F filing (14 August).
Burry, who famously shorted mortgage securities in the run up to the Global Financial Crisis, has bought put options with a value of $886.6m against the SPDR S&P 500 ETF through his Scion Asset Management fund. Additionally, he purchased $738.8m in puts against the Invesco QQQ Trust ETF, which tracks the Nasdaq 100, the filings revealed. Ruffer: Economy 'incapable' of enduring interest rates over 5% This $1.6bn bet means that Burry currently has 93% of his portfolio positioned against the market. The largest long positions in his portfolio include $10.9m in Expedia, $9.2m in...
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