Michael Burry dumped nearly every part in Q3 to protect in opposition to the ‘mom of all crashes’ — however he did buy 3 attention-grabbing new holdings
Hedge fund supervisor Michael Burry of “The Large Brief” fame has been a busy man these days.
Along with his continuous shadowing (and shading) of Tesla CEO Elon Musk on Twitter, Burry has additionally been promoting off shares. A whole lot of them.
In Q3 of 2021, he diminished his widespread inventory holdings from $137 million to $42 million.
That’s as a result of Burry believes the inventory market is method overheated. “All hype/hypothesis is doing is drawing in retail earlier than the mom of all crashes,” Burry wrote in a now-deleted tweet from earlier this yr.
Burry additionally closed out his massive bearish bets on Tesla and Cathie Wooden’s ARK Innovation ETF.
However the investor nonetheless owns inventory in a half-dozen firms.