BREAKING: Michael Burry just shorted the market with $1.6B 📉

Oh boy buckle in. Michael Burry, the contrarian investor who made Billions when shorting the housing market back in 2009 is at it again. His newest 13F filings came out and man did he go big.

According to his SEC filing, he bought $1.6B of SPY 0.39%↑ and QQQ 0.91%↑ puts.

To put this into perspective, these two shorts now make up 93% of his entire portfolio and his largest position held before this was only $120M.

Excluding these two major buys, the rest of his stock picks went through a completely shifting of focus. He sold his two major Chinese stocks BABA -2.14%↓ & JD 0.52%↑ , sold the majority of his banks, and even bought puts against the entire finance sector.

Because of the new trades, we are launching our Q2 Burry series where we delve deep into each of these holdings, providing an in-depth analysis to help you understand the rationale behind his decisions and discern any broader market implications.

So without further ado, here is the full list of stocks Micheal Burry just filed on. Have fun.

We will be providing analysis on a number of these names over the coming days.

Stay tuned