Burry's Bold Moves: Closing Major Bets and Unveiling Bearish Semiconductor Positions

Michael Burry, famed for shorting subprime mortgages in the 2008 crisis, closed his S&P 500 and Nasdaq 100 bets in Q3. His hedge fund, Scion Capital, also revealed the closure of bearish semiconductor positions, previously totaling over $1.6 billion, by the end of September. The S&P 500 and Nasdaq 100 indexes fell 3.6% and 3%, respectively, during the third quarter.