'Big Short' investor Michael Burry reveals bets against the S&P 500 and Nasdaq 100 - and sweeping changes to his stock portfolio
, he sold Capital One, First Republic, PacWest Bancorp, Wells Fargo, and Western Alliance.
The investor's Scion Asset Management also disposed of two Chinese internet giants: Alibaba and JD.com. On the other hand, it added the likes of Crescent Energy, Comstock Resources, Precision Drilling, Star Bulk Carriers, and Stellantis to its portfolio. The only positions to survive the period were the Geo Group, Liberty Latin America, New York Community Bancorp, Signet Jewelers, Cigna Group, and The RealReal.
After all the turnover, the total value of Scion's portfolio was little changed at $111 million, excluding options. Burry rose to prominence after his monster bet against the mid-2000s housing bubble was immortalized in the book and movie"The Big Short." He's also known for
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