Scion Asset Management, which Burrie founded and leads as CEO, closed a number of deals in the third quarter, including bets on the flagship ARK Innovation ETF by Katy Wood, Tesla Inc. Ilona Mask and the largest exchange-traded fund of treasury bonds iShares 20, according to regulatory documents.
Burry sparred with Musk on Twitter several times, including criticizing him for comments related to Rivian Automotive Inc. and saying that his personal loans were probably the reason he needed to sell the stock. p>
Burry has been active on Twitter in recent days. He weighed the sales of Tesla CEO Musk's stock (Musk responded that Burry was "a broken watch") and warned that he saw the situation as a bubble looming in financial markets.
Financial Market Bubble Warning
Burry rose to fame when his successful mortgage-backed bets during the 2008 financial crisis were featured in "Big Short," the film version of Michael Lewis's bestseller. Christian Bale played Burry.
At the end of June, Scion placed bets on 235,000 shares of the main Wood ETF (ticker ARKK), about 1.9 million Treasury ETF (TLT) shares, and over 1 million Tesla shares, as shown in September filings.
Burry has been louder than usual on Twitter lately, weighing Tesla CEO Musk's stock sales and warning of what he sees as an ongoing financial bubble.
An investor raised concerns about the risks in the markets, citing a Wall Street Journal editorial in which Rivian was named “the government unicorn” because “we live in an era of free money and endless government subsidies.”
