'Big Short' Michael Burry bets against S&P 500 and Nasdaq

$1.6bn in shorts

Elliot Gulliver-Needham
clock • 1 min read

Michael Burry, the hedge fund investor made famous in Michael Lewis' The Big Short, has made bearish bets against the S&P 500 and Nasdaq, according to his fund's most recent 13-F filing (14 August).

Burry, who famously shorted mortgage securities in the run up to the Global Financial Crisis, has bought put options with a value of $886.6m against the SPDR S&P 500 ETF through his Scion Asset Management fund. Additionally, he purchased $738.8m in puts against the Invesco QQQ Trust ETF, which tracks the Nasdaq 100, the filings revealed. Ruffer: Economy 'incapable' of enduring interest rates over 5% This $1.6bn bet means that Burry currently has 93% of his portfolio positioned against the market. The largest long positions in his portfolio include $10.9m in Expedia, $9.2m in...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Global

Despite the downgrade, the country’s A1 rating was affirmed by Moody’s, which it said reflected the country’s financial and institutional resources.

Moody's downgrades China sovereign credit outlook to negative

Retains A1 rating

Elliot Gulliver-Needham
clock 05 December 2023 • 2 min read
Luis de Guindos, vice president of the ECB, said: 'While risks to financial stability may appear less acute, they remain elevated.'

ECB warns high rates are pushing economy towards fragility

‘Early signs of stress’ in banks

Elliot Gulliver-Needham
clock 22 November 2023 • 2 min read
The study also revealed that underlying growth was 0.3% after adjusting for one-off special dividends and exchange rates

Global dividends fall 0.9% as big companies slash payouts

Janus Henderson Global Dividend Index

clock 15 November 2023 • 3 min read