Michael Burry stops betting against S&P 500 and Nasdaq 100: refocuses on semiconductor stocks and consolidates portfolio.

Michael Burry stops betting against S&P 500 and Nasdaq 100: refocuses on semiconductor stocks and consolidates portfolio.

According to a report by www.wallstreet-online.de, well-known investor Michael Burry ended his bets against the S&P 500 and Nasdaq 100 last quarter and instead reinvested in semiconductor stocks. This is according to its latest portfolio update published on Tuesday.

Burry's hedge fund Scion Asset Management had previously bought bearish put options on the SPDR S&P 500 and the Invesco QQQ, but these positions were unwound in its latest filing with the Securities and Exchange Commission (SEC). Instead, Scion bought puts on 100,000 shares of Blackrock's $47 million iShares Semiconductor ETF, with Nvidia among one of the fund's largest holdings.

Burry also consolidated its portfolio last quarter by reducing the number of positions from 33 to 13, halving the total value (excluding options) from $111 million to $44 million. This development is unusual as Burry typically revises the majority of its portfolio every three months.

The impact of these decisions could be significant, particularly on the semiconductor market and the financial sector. Since Burry is known for making successful bets against certain industries or companies, his renewed interest in semiconductor stocks could have an impact on the perception and valuation of this industry. Investors and analysts may view his confidence in the sector as a positive signal, while others may question his decisions.

It remains to be seen whether Burry's new bets on semiconductor stocks will be successful and how these positions will impact the market. Analysts and investors should therefore keep a close eye on developments in this industry in order to identify potential opportunities and risks at an early stage.