Famed investor Michael Burry, known for his prescient bet against the housing market before the 2008 financial crisis, has made significant changes to his hedge fund’s portfolio in the second quarter of 2024.

What Happened: Scion Asset Management, based in Saratoga and run by Burry, filed its latest 13F report with the U.S. Securities and Exchange Commission on Wednesday, revealing a notable shift in investment strategy.