'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
member?

Login

More on Global

IMF slashes world growth forecasts as global economic system enters 'new era'

IMF slashes world growth forecasts as global economic system enters 'new era'

Global GDP growth revised down

Beth Brearley
clock 22 April 2025 • 2 min read
Over half of CEOs expect rise in global economic growth in the next year

Over half of CEOs expect rise in global economic growth in the next year

UK a more important investment choice

Sorin Dojan
clock 21 January 2025 • 3 min read
Trade wars emerge as biggest risk facing investment markets in 2025

Trade wars emerge as biggest risk facing investment markets in 2025

ARC survey

Linus Uhlig
clock 02 January 2025 • 2 min read
Trustpilot