‘Big Short’ investor Michael Burry reveals a bet against Nvidia and other microchip stocks

Michael Burry Getty

Michael Burry.Kevin Mazur/WireImage

  • Michael Burry ended his bets towards the S&P 500 and Nasdaq 100 final quarter, a brand new submitting exhibits.

  • The “Massive Brief” investor revealed a wager towards Nvidia and different semiconductor shares.

  • Burry offered a bunch of holdings however boosted his positions in a number of shares.

Michael Burry ended his bets towards the S&P 500 and Nasdaq 100 final quarter, however positioned a brand new wager towards semiconductor shares, his newest portfolio replace revealed on Tuesday.

Burry’s Scion Asset Administration bought bearish put choices on the SPDR S&P 500 and Invesco QQQ within the second quarter, however these positions had been gone in his newest Securities and Trade Fee submitting. Nonetheless, Scion did purchase places on 100,000 shares of Blackrock’s iShares Semiconductor ETF with a nominal worth of $47 million. The exchange-traded fund counts Nvidia — the graphics-chip specialist whose inventory worth has roughly tripled this yr on the again of AI pleasure — as its third-biggest holding.

The worth investor consolidated his agency’s portfolio final quarter. He slashed its variety of positions from 33 to 13, greater than halving its whole worth (excluding choices) from $111 million to $44 million.

The Scion chief usually overhauls most of his portfolio each three months, making it uncommon that he boosted his stakes in Euronav, Hudson Pacific Properties, Nexstar Media, Protected Bulkers, Star Bulk Carriers, and Stellantis final quarter. He offloaded his different positions and trimmed his bets on Crescent Power and The Actual Actual. Notably, he purchased Alibaba shares and Reserving.com shares and places.

Burry shot to fame after his enormous wager towards the mid-2000s housing bubble was chronicled within the guide and film “The Massive Brief”. He is additionally recognized for investing in GameStop lengthy earlier than the video-game retailer turned a meme inventory in early 2021, and for betting towards Elon Musk’s Tesla and Cathie Wooden’s Ark Innovation fund lately.

The Scion boss is understood for his bleak warnings and dire predictions. For instance, he sounded the alarm on the “best speculative bubble of all time in all issues” in the summertime of 2021, and warned consumers of meme shares and cryptocurrencies that they had been signing up for the “mom of all crashes.”

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