Michael Burry.
Getty Images/ Astrid Stawiarz
Michael Burry's fund sold its 1.7 million GameStop shares before the buying frenzy.
"The Big Short" investor potentially missed out on more than $750 million in profits.
Burry's Scion fund also exited Alphabet and Facebook, and bet on Kraft Heinz.
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Michael Burry cashed out of
GameStop shares last quarter, meaning he probably missed out on the
Reddit-fueled buying frenzy that boosted the video-game retailer's stock up
as much as 2,500% last month.Burry is best known for his billion-dollar bet against the US housing-market bubble, which was chronicled in the book and movie "The Big Short."His hedge fund, Scion Asset Management,
laid the groundwork for the GameStop rally when it bought a stake in 2019, and still owned 1.7 million shares at the end of September.
