Michael bury's investment company scion asset management submitted a 13F document on Monday, showing that the prototype character of the film "big short" is shorting Apple's stock As of March 31, berry held 206000 put options on Apple shares. If executed, this short position is estimated to be worth $36 million and is the largest position in the bury portfolio.
Apple's share price has fallen 20% so far this year after strong gains over the past three years.
Berry used to be bullish on apple. In 1999, he pointed out that Apple's stock is worth Warren Buffett's investment. Buffett did not start investing in apple until 2016.
At the end of last year, burley's investment company held only six shares. In the first quarter of this year, the company cleared five other stocks except Bristol Myers Squibb, but included companies such as alphabet, meta and discovery in its portfolio.
By the end of the first quarter, the total value of U.S. stocks (excluding options) held by berry had increased by 122% to $165 million. Its largest long position is its $22 million stake in Bristol Myers Squibb, its approximately $19 million stake in booking holdings and discovery, and its $18 million stake in alphabet.