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'Big Short' investor Michael Burry sold his GameStop stock last quarter, meaning he probably missed the Reddit rally

'Big Short' investor Michael Burry sold his GameStop stock last quarter, meaning he probably missed the Reddit rally

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.



Visit Business Insider's homepage for more stories.

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.
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