Michael Burry, known for calling the subprime mortgage crisis, jumped back into the market to pick up a few stocks in the third quarter.
Famed investor Michael Burry, known for calling the subprime mortgage crisis, jumped back into the market to pick up a few stocks in the third quarter, according to a new regulatory filing. "The Big Short" investor bought $10 million worth of Qurate Retail , the media company that owns home shopping networks QVC and HSN, making it his second-biggest holding at the end of the third quarter, the filing showed. The investor got back into CoreCivic last quarter with a $6.4 million stake.
Meanwhile, Burry's hedge fund, Scion Asset Management, built small positions in Charter Communications and Liberty Latin America. Burry shot to fame by betting against mortgage backed securities before the 2008 crisis. Burry was depicted in Michael Lewis' book "The Big Short" and the subsequent Oscar-winning movie of the same name.
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