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The Latest Breaking News from Scion Asset Management

'Big Short' Investor Michael Burry Ditches Gold, US Stocks For Cheap Chinese Internet Companies

Burry reduced Scion Asset Management's portfolio size by almost half in Q2 to just over $50 million as part of a reshuffling that involves investments in healthcare and China's tech firms.

International Business Times UK

Everything You Need to Know About Michael Burry's 'Big Short' Bet on Chip Stocks

The Big Short investor is making headlines again, and this time his target is the semiconductor industry - a linchpin of the global tech boom and major driver of the current bull market.

Barchart

This article shares Michael Burry's net worth and discusses how he made money shorting first the tech industry and later the housing market, as made famous in the film "The Big Short." His firm's role in the GameStop short squeeze is also discussed.

Michael Burry was worth around $1.2 billion in April of 2023, having built much of his wealth shorting tech companies during the dot-com bubble and later shorting the mortgage market before its collapse in 2007 prior to the Great Recession.

The Street

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Michael Burry puts $1.6 billion into put options

Burry's Scion Asset Management put $1.6 billion to work betting against the stock market.

The Street

Dow Jones Gains As Apple Stock Reboots; Michael Burry Unveils His New Big Short

The Dow Jones was firm as Apple stock rose. Big Short investor Michael Burry placed some new bets. Tesla stock fell on new price cuts.

Investors Business Daily

'Big Short' Michael Burry Invests in MGM Casinos And Chinese Giant Alibaba

The legendary investor has acquired shares of hotel and casino giant MGM Resorts International and of Chinese retailers Alibaba and JD.com.

The Street

Elon Musk Responds to 'Big Short' Michael Burry's Warnings

The billionaire, like many retail investors, closely follows the warnings of the legendary investor.

The Street

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Legendary ‘Big Short’ investor Michael Burry issues an ominous warning after the latest stock market rally: ‘Sell.’

Burry is known for spotting bubbles, and he's worried stocks are still in the midst of one—despite the drop in 2022.

Fortune

'Big Short' Michael Burry Makes a Surprising Decision

The renowned investor wants to end a habit that is part of his legend.

The Street

Hedge funder Michael Burry made famous in ‘The Big Short’ warns of an ‘extended multiyear recession’

Burry has trimmed his hedge fund’s holdings, saying he fears that a recession is coming and it will be far from “short and shallow.”

Fortune

'Big Short' Michael Burry Makes New Bets

The legendary investor has just invested in five new companies after liquidating most of his stock portfolio in the second quarter.

The Street

Mr. Big Short Michael Burry Makes a Shocking Decision

The investor, who successfully bet against the U.S. mortgage market before the 2008 financial crisis, has just made a huge gamble.

The Street

'Big Short' Michael Burry Awakens Ghosts of the 2008 Financial Crisis

The sad memories of the 2008 financial crisis resurfaced on the markets after a cryptic tweet from 'Big Short' legend Michael Burry.

The Street

Michael Burry Is Betting Against Apple: Here's The Size Of 'The Big Short' Investor's Stake

Michael Burry has been known to take large positions against companies he thinks are overvalued.

Benzinga

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