Michael 'Big Short' Burry Shorts Apple

Infamous investor Michael Burry of “The Big Short” has bet against Apple ( (Apple បាន) - ទទួលបានរបាយការណ៍ Apple Inc), according to a ការដាក់ពាក្យសុំ SEC ។.

During the first quarter, Burry, a hedge fund investor who is known for predicting and profiting from the housing bubble and subprime mortgage crisis by betting against collaterized debt obligations or CDOs during the mid 2000s, stocked up on Alphabet ( (Google) - ទទួលបានរបាយការណ៍ Alphabet Inc. ថ្នាក់ A), Meta Platforms (FB), and Discovery ( (ឌីស្កូ) - ទទួលបានរបាយការណ៍របស់ Discovery, Inc. ថ្នាក់ A) for Scion Asset Management.

The hedge fund owned bearish put options against 206,000 Apple shares as of March 31. While the Macbook and iPhone manufacturer’s stock price has nearly quadrupled since 2019, Apple’s stock has fallen by 16% this quarter alone and 11.8% during the past month.

Billionaire investor Warren Buffet has taken a different investing strategy. The CEO of Berkshire Hathaway purchased $600 million worth of Apple shares last quarter, making it his largest holding based on market cap.

By the end of December, Scion only owned six stocks and sold all of its holdings aside from Bristol-Myers Squibb ( (ប៊ី) - Get Bristol-Myers Squibb Company Report) last quarter.

The total value of Scion’s U.S. stocks rose by 122% to $165 million due to the purchases, not including options. The fund’s largest long positions were a $22 million stake in Bristol-Myers Squibb, about $19 million in Booking Holdings ( (BKNG) - ទទួលបានរបាយការណ៍ Booking Holdings Inc) and Discovery and a $18 million stake in Alphabet as of March 31.

Big Prediction Linked to Inflation

Burry invested in GameStop ( (GME) - ទទួលបានរបាយការណ៍របស់ GameStop Corp. Class A) in 2019, but decided in 2021 to bet against Cathie Wood’s flagship Ark Innovation fund and Tesla ( (TSLA) - ទទួលបានរបាយការណ៍ Tesla Inc).

រមូរដើម្បីបន្ត

He has said that GameStop, Tesla, brokerage Robinhood ( (ក្រណាត់) - ទទួលបានរបាយការណ៍ Robinhood Markets, Inc. Class A), the skyrocketing housing market and cryptocurrencies such as bitcoin and dogecoin showed signs that there was too much speculation in the markets.

Burry warned last June that the markets had created the “greatest speculative bubble of all time in all things” and retail investors who sunk their money into the popular meme stocks and crypto were facing the “mother of all crashes.”

By the third quarter of 2021, his stock holdings were only worth $42 million, excluding options because he had sold 14 stocks and only held onto six. At the end of the fourth quarter, his stocks were worth $74 million after exchanging three of his six holdings.

In April, he predicted how inflation would impact and lower the profit margins of companies. His two tweets were later deleted.

“Watch profit margins fall, and then price/sales ratios,” Burry wrote. “Early in an inflation, pricing power runs ahead of sticky wages/supply contracts. Inflation laughs last, needs not peak but once.”

Source: https://www.thestreet.com/investing/michael-big-short-burry-shorts-apple?puc=yahoo&cm_ven=YAHOO&yptr=yahoo