Hedge fund manager Michael Burry, who rose to fame with his bets against the U.S. housing market before the 2008 financial crisis, added new positions in several regional banks during a tumultuous first quarter for the sector, according to securities filings released on Monday.
First Republic collapsed May 1, making it the largest bank failure since the 2008 financial crisis. The filings did not show whether Scion had sold its positions before then.Burry did not immediately respond to a request to comment for this story.
The positions were revealed in quarterly securities fillings known as 13-fs. While backward looking, these snapshots show what funds owned on the last day of the quarter and are one of the few ways that hedge funds and other institutional investors have to declare their positions. They may not reflect current holdings.
Burry, who is known for turning over his entire portfolio quarterly based on thematic shifts, liquidated his positions in MGM Resorts International Inc
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