Corrects the headline to delete Google and deletes “Alphabet(NASDAQ:) Inc” to correct to indicate that Burry didn’t exit a bearish position on Google. To show Burry’s bullish Google position, the 5th Paragraph corrects “put”, not “call”.

By David Randall

NEW YORK, (Reuters) –Fund manager Michael Burry (of “The Big Short”) quit bearish bets with Tesla (NASDAQ:) Inc) and Cathie Wood (fund manager for ARK Innovation Fund) last quarter according to SEC filings.

Burry’s bets on mortgage securities during the financial crisis of 2008 were highlighted in Michael Lewis’ 2010 book, “The Big Short.” He now owns $638 million Scion Asset Management and has exited put options for slightly less than 1,000,000 shares of Tesla. A snapshot of his portfolio from Sept. 30 revealed.

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

Options give investors the ability to buy shares at a specific price in the future.

Other positions he left were the call options on 91.900 Alphabet Inc stock and the put options on 1.9 Million shares of iShares 20 Year plus Treasury ETF.

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.

Given that regulations do not require disclosure of option strikes, purchase price and expiration dates, it was unclear how Burry’s bearish bets on Tesla or the other stocks fared.

Burry created a long new position at the same time. Lockheed Martin According to SEC filings, Corp (NYSE:), Now Inc. is an oil drilling company and Scynexis Inc. are biotech companies.

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