Hedge fund supervisor Michael Burry is probably making one other wager that part of the investing world has gotten too sizzling, simply as he did with the broader inventory market earlier this yr and with the housing market greater than a decade in the past. Burry’s Scion Asset Administration has a put place in opposition to 100,000 shares within the iShares Semiconductor ETF (SOXX) , in line with a securities submitting representing the top of the third quarter launched Tuesday. The precise worth of the choices place just isn’t recognized, however the notional worth of the ‘SOXX’ shares concerned was greater than $47 million on the finish of the quarter. It is usually not recognized whether or not Burry nonetheless holds the place or whether or not it is some form of hedge in opposition to an extended place. A put possibility offers traders the flexibility to promote the underlying asset at a predetermined value. The date of expiration and the strike value of the put place weren’t disclosed. One put contract sometimes covers 100 shares of the underlying inventory or ETF, so Burry’s place is probably going 1,000 put contracts. The SOXX is up greater than 30% yr up to now, and its high holdings embody Superior Micro Gadgets , Broadcom and Nvidia . SOXX YTD mountain Semiconductor shares have rallied sharply in 2023. Burry additionally closed out earlier put positions in opposition to the S & P 500 and the Nasdaq 100 through the quarter, in line with securities filings. These positions have been winners for Burry because the inventory market completed the third quarter decrease. Burry is one in every of a number of hedge fund managers who accurately recognized the housing bubble forward of the 2008 monetary disaster. His actions at the moment have been captured within the Michael Lewis guide “The Big Short” and the film of the identical identify. Burry closed his earlier hedge fund, often called Scion Capital Administration, after the monetary disaster. The newer Scion Asset Administration does additionally maintain lengthy positions on shares, together with a $7.7 million place in Stellantis and a stake in Nexstar Media Group value just below $7 million, in line with the submitting. The hedge fund filings don’t present all sorts of derivatives or personal investments, so the total scope of Burry’s positions are unknown.