Michael Burry Is Betting Against Semiconductors
- ‘Big Short’ investor cuts holdings to just 13 positions in Q3
- Nvidia is among chipmakers in basket Scion bet against
Michael Burry.
Photographer: Tony Avelar/Bloomberg
This article is for subscribers only.
Michael Burry’s investment firm closed its wager against the S&P 500 and Nasdaq 100 indexes and, as of the end of September, was betting against a basket of semiconductor stocks that includes Nvidia Corp., according to a regulatory filing Tuesday.
Scion Asset Management trimmed its holdings to just 13 positions, liquidating bets on about two dozen stocks and ETFs, according to the 13-F filing. As part of the shift, the firm put on a bearish options position against a fund that tracks chipmakers.