Michael Burry, the 'Big Short,' announces new bets on Bristol-Myers Squibb and General Dynamics, as well as selling CVS Health and Lockheed Martin.

Michael Burry, the 'Big Short,' announces new bets on Bristol-Myers Squibb and General Dynamics, as well as selling CVS Health and Lockheed Martin.

Who Micheal Burry is: Michael James Burry, an American investor, hedge fund manager, and physician, was born on June 19, 1971. He started and led the hedge fund Scion Capital from 2000 to 2008, before closing it to concentrate on his personal ventures. He is well recognized for being one of the first investors to predict and profit from the subprime mortgage crisis of 2007–2010.

According to a Securities and Exchange Commission report released on Monday, "The Big Short" investor Michael Burry restructured his stock portfolio in the fourth quarter of 2021.

Last quarter, Burry's Scion Asset Management changed four of its six assets. CVS Health, Lockheed Martin, Now, and Scynexis were among the companies it sold. Meanwhile, Aea-Bridges Impact, Bristol-Myers Squibb, Fidelity National Financial, and General Dynamics also added new employment.

The hedge fund also increased its Corecivic shares by 35% while reducing its Geo Group holdings by 27%. A $19 million stake in Bristol-Myers Squibb and around $17 million positions in Fidelity National Financial and General Dynamics were Scion's largest positions at the end of December. Burry may have been more positive on US stocks last quarter since the aggregate value of its portfolio increased by 79 percent to $74 million.

Burry is best known for his enormous bet against the housing boom in the United States in the mid-2000s, which was documented in the book and film "The Big Short." When he invested in the video-game store in January of last year, the contrarian investor lay the framework for the GameStop short-squeeze.

In the third quarter of 2021, Scion sold out the majority of its US stocks. It reduced its portfolio's overall worth (excluding options) from approximately $140 million to $42 million by lowering its number of assets from around 20 to merely six.

Burry slashed his holdings with a knife after expressing several warnings about a historic asset price bubble, anticipating a market crash, and raising the inflation alert. He had gambled against Elon Musk's Tesla and Cathie Wood's flagship Ark Innovation ETF, but in the third quarter of 2021, he removed his put options.

All of Burry's holdings have one thing in common: they all trade on low price-to-earnings (P/E) multiples. Burry has been active on Twitter, predicting stock market volatility due to rising inflation. Scion's modest exposure to US companies, along with its value inclination, suggests to me that Burry is still treading carefully.