By David Randall

NEW YORK, Reuters – According to SEC filings, Michael Burry, a fund manager of the “Big Short”, quit bearish bets with Alphabet (NASDAQ) Inc and Tesla (NASDAQ) Inc. Cathie Wood, manager of Cathie Wood’s ARK Innovation Fund, made last quarter’s losses.

Burry was featured in Michael Lewis’ 2010 novel “The Big Short” and his bets against mortgage security in the lead-up to 2008 financial crisis. He also runs Scion Asset Management for $638 Million. In September 30, a snapshot of Burry’s portfolio showed that he had withdrawn put options on just over 1 million Tesla shares.

CNBC interviewed Burry in October. He said that he no longer bet against Tesla, and that the trade he made earlier this year was merely a trade.

Investors have the option to purchase put options in order to be able sell their shares at a future price.

He also exited put options for 91,900 Alphabet Inc shares and 1.9million shares of the iShares Treasury ETF 20 Year plus.

Burry also resigned a put on 235k shares of ARK Innovation. The ETF managed by Cathie Wood was the most successful U.S. equity fund, thanks to its investments in high-growth firms that rallied early during the pandemic.

The $20.5 billion fund has slipped this year, however, and is down 4.8% for the year to date despite the 24.7% rally in the S&P 500.

The outcome of Burry’s bearish bets against Tesla and other companies was unknown, as regulatory filings don’t require that information about options strikes, expiration dates and purchase prices must be disclosed.

Burry also added an additional long position. Lockheed Martin According to SEC filings, Corp (NYSE:) is an oil drilling equipment company Now Inc as well as a biotech company Scynexis Inc.

On Thursday afternoon, each company traded higher while the broad was flat.