Does Michael Burry Know Something Wall Street Doesn't? The Investor of "The Big Short" Fame Just Made a Striking Move.

Hedge fund manager Michael Burry shot to stardom after predicting the collapse of the U.S. housing market back in 2007 -- and raking in $100 million for himself and more than $700 million for his investors thanks to his bet. And that's exactly why it's a great idea to take notice when Burry makes investing moves, especially ones that go against the crowd.Burry, whose story was documented in the movie The Big Short, manages more than $578 million at Scion Asset Management, and recently revealed his latest moves as part of his 13F filing. These documents, submitted quarterly to the Securities and Exchange Commission, offer a glimpse into the strategies of managers of more than $100 million in securities.In the second quarter, Burry made a striking move: He bought shares of a struggling healthcare giant -- ones that have plummeted nearly 50% over the past year. And Burry didn't only buy a few shares of this company. He's actually made it his biggest position through purchases of both the shares and call options -- the call option position holds an 18% weight in his portfolio. Does this daring investor know something that Wall Street doesn't?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool