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Michael Burry, the legendary investor who predicted the 2008 housing crisis and of "The Big Short" fame, has made notable changes to his portfolio that could offer insights for investors concerned about market volatility. His Scion Asset Management initiated new positions in three quality companies during Q2.
These selections reflect Burry's apparent focus on established companies with strong fundamentals that can weather economic storms. Notably, Burry's Q2 moves represent a dramatic shift from his previous bearish stance. He swapped $186 million in bearish put options for $522 million in bullish call options, suggesting increased confidence in market stability.
