Key Points
NEW YORK, Nov 14 (Reuters) - Hedge fund manager Michael Burry, whose bets against the U.S. housing market before the 2008 financial crisis were chronicled in the movie "The Big Short", in the third quarter added a bearish options position on semiconductors, while some other investors also reduced their exposure to the sector, according to securities fillings released on Tuesday...
Burry also closed out bearish options against the broad S&P 500 and Nasdaq 100 Index, the filings showed...
His Scion Asset Managements biggest new position last quarter was in bearish options on an exchange-traded fund focused on semiconductors..
In the second quarter, Burrys firm held put options with a notional value of $739 million against the popular Invesco QQQ Trust ETF (QQQ.O) and separate put options with a notional value of $886 million against the SPDR S&P 500 ETF (SPY.P)...
Soros Fund Management, the asset manager for billionaire George Soros' Open Society Foundations, dumped its 10,000 shares in Nvidia (NVDA.O) and added 80,000 shares in Taiwan Semiconductor Manufactoring Company (TSMC), which is listed in the U.S...
