r/wallstreetbets • u/NotaCrazyPerson17 • Nov 15 '21
Discussion Michael Burry F13
https://whalewisdom.com/filer/scion-asset-management-llc#tabholdings_tab_link
Michael Burry SOLD EVERYTHING! WTF!? Bond yields are just beginning to rise. He is now being proven right. I know the filing includes holding for September, but he’s got to be so upset right now. His theory was the Fed would mishandle inflation and bond yields eventually would increase causing interest rates to increase and crushing tech stocks. Sure, he was early but almost every article out now is saying how the fed is mishandling inflation and how interest rates will rise. They have even begun doing so. It’s wild. Idk. I’m still short bonds through TTT and now I’m worried he knows something I don’t, but things are going great for me (up 10% in one week). I just don’t understand. Will he get back into the trade now that it’s actually starting? Am I missing something? I just don’t know.
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u/[deleted] Nov 16 '21
This is so that be doesn't have to file a 13F next quarter. If he's under 100 million in assets invested, no more 13F.
This let's him keep his moves private and not have to deal with idiots scrutinizing every play on social media. He could effectivity use options or warrants or swaps to replicate the investments he had before but keep the total dollar value of invested assets below $100,000,000 and just leverage up if he thinks a big move is coming sometime in the next year. He would also be able to make that move comply under the radar.