Last quarter, Michael Burry of Scion Asset Management and “Big Short” fame made a bearish bet against Apple and acquired several other stocks, according to a recently-revealed SEC filing, reports an article in Yahoo! Finance. As of the end of the first quarter, Scion held bearish put options against 206,000 Apple shares, which have tumbled 16% so far this year.

At the end of 2021, Scion only held 6 stocks, all of which they exited earlier this year except Bristol-Myers Squibb. They’ve added Alphabet, Meta Platforms, and Discovery to their holdings, bringing the total value of their portfolio up to $165 million, with their largest stakes being Bristol-Myers Squibb at $22 million, Booking Holdings and Discovery at $19 million, and $18 million in Alphabet, Yahoo! details.

Back in 1999, Burry touted Apple as “a stock worthy of Warren Buffett,” the article notes. Buffett, in turn, invested in Apple in 2016, and the tech company is now the top holding in Berkshire Hathaway’s portfolio. Indeed, Buffett recently added to his position in Apple, the article noted.

Burry, who is well known for predicting the housing collapse in 2007-2008 and for shorting it to great profit, warned last year of the “greatest speculative bubble of all time in all things” and highlighted Tesla, GameStop, cryptocurrency, Robinhood, and the surging housing market as examples of market excess that will lead to a bubble burst. In the third quarter of last year, he cut his U.S. stock portfolio from 20+ holdings to 6, reducing its value from nearly $140 million to $42 million, which he then raised back up to $74 million by switching out 3 of those 6 holdings at the end of December.