‘Big Short’ investor Michael Berry reveals his bets against the S&P 500 and Nasdaq-100 — and dramatic changes to his portfolio

Dr. Michael Barry

Michael Bury.Astrid Butars/Getty Images

  • Michael Berry placed bearish bets against the S&P 500 and Nasdaq-100 in the most recent quarter.

  • The “Big Short” investor also sold his stakes in Alibaba, First Republic, and many other stocks.

  • Burry’s Scion Fund is loaded with mining, shipping and energy stocks in this period.

Michael Perry placed bearish bets against the S&P 500 and Nasdaq-100 in the latest quarter, while swapping his bets on beleaguered Chinese e-commerce giants and banks for positions in shipping, mining and energy companies.

At the end of June, fame investor “The Big Short” held put options on two exchange-traded funds – the SPDR S&P 500 and Invesco QQQ – that track major index funds, Securities and Exchange Commission filing Monday said.

And yet Collection of discounted banking stocks in the first quarterHe sold Capital One, First Republic, BackWest Bancorp, Wells Fargo, and Western Alliance.

The investor’s company, Scion Asset Management, also dumped two Chinese internet giants: Alibaba and JD.com. On the other hand, it has added the likes of Crescent Energy, Comstock Resources, Precision Drilling, Star Bulk Carriers and Stellantis to its portfolio.

The only positions to survive from this period were Geo Group, Liberty Latin America, New York Community Bancorp, Signet Jewelers, Cigna Group, and The RealReal.

After all the sales volume, the total value of Scion’s portfolio changed little at $111 million, excluding options.

Barry rose to prominence after his wild bet against the housing bubble in the mid-2000s was immortalized in the book and movie “The Big Short”. It’s also known for the bet On GameStop before becoming a stock meme and Take short positions Against Ark’s Tesla innovation fund and Cathie Wood has pioneered in recent years.

Moreover, the head of Mutla is famous for it grim warnings about asset bubbles and grim predictions of epic market crashes. True to form, it is issued One word ad at the end of January: “SALE”. However it is I confess He was “mistaken for saying sell” in March and has been silent on social media in recent months.

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