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<ul class="summary-list"><li><keyword id="11898782" type="UNKNOWN" weightage="60" keywordseo="michael-burry" source="Orion">Michael Burry</keyword> built a $10 million stake in a SPAC buying <keyword id="12144072" type="UNKNOWN" weightage="60" keywordseo="harley-davidson" source="Orion">Harley-Davidson</keyword>'s electric-motorcycle unit.</li><li>"<keyword id="11930437" type="UNKNOWN" weightage="60" keywordseo="the-big-short" source="Orion">The Big Short</keyword>" investor, who bet on a key SpaceX rival last year, may be trolling Elon Musk.</li></ul>Michael Burry <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-q4-stock-portfolio-cvs-bms-2022-2">recently revealed</a> a $10 million bet on an electric-motorcycle maker. The investor may be warming up to special-purpose acquisition companies (SPACs), <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-trolls-elon-musk-spacex-rocket-lab-2021-5-1030450294">thumbing his nose</a> at <a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> and SpaceX CEO Elon Musk, or placing a bold wager on a business with historical links to Warren Buffett.Burry is best known for his massive bet against the mid-2000s housing bubble, which was immortalized in the book and movie "The Big Short." The <keyword id="11915969" type="UNKNOWN" weightage="60" keywordseo="scion-asset-management" source="Orion">Scion Asset Management</keyword> boss also <a href="https://markets.businessinsider.com/news/stocks/big-short-investor-michael-burry-scion-gamestop-stock-price-frenzy-2021-2-1030050393">laid the groundwork</a> for the meme-stock movement by investing in games retailer GameStop in 2019, and <a href="https://markets.businessinsider.com/news/stocks/elon-musk-michael-burry-tesla-twitter-spat-the-big-short-2021-11">clashed with Musk</a> last year over Tesla's heady valuation.Scion held 1 million shares of <keyword id="13230335" type="UNKNOWN" weightage="60" keywordseo="aea-bridges-impact" source="Orion">AEA-Bridges Impact</keyword>, a SPAC created by AEA Investors and Bridges Fund Management, at the end of December. The blank-check company had <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/793952/000119312521358023/d247786d8k.htm">struck a deal</a> to acquire LiveWire, <a href="https://markets.businessinsider.com/stocks/hog-stock">Harley-Davidson</a>'s electric-motorcycle division, a couple of weeks before that.AEA-Bridges Impact plans to finance the merger with the $400 million it raised from its stock-market debut in October 2020, plus $100 million from both Harley-Davidson — set to own 74% of LiveWire after the transaction closes — and Kymco, a Taiwanese powersports company.Burry has <a href="https://markets.businessinsider.com/currencies/news/big-short-michael-burry-tweets-tesla-robinhood-bitcoin-gamestop-bubble-2021-3-1030156694?utm_medium=ingest&amp;utm_source=markets">previously warned</a> that companies going public via SPAC deals aren't well-vetted and may not be the best businesses. However, Scion also bought a piece of Vector Acquisition, a SPAC that agreed to to buy SpaceX rival Rocket Lab, in the first quarter of 2021.It's notable that Burry, a value investor famous for sniffing out cheap and staid businesses, has now made a couple bets on aggressively valued, unproven technology companies. In the same year that he <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-elon-musk-tesla-cathie-wood-ark-2021-8">ramped up, then exited a bearish wager</a> against Tesla, he backed businesses in Musk's core industries of space transportation and <keyword id="11897958" type="UNKNOWN" weightage="60" keywordseo="electric-vehicles" source="Orion">electric vehicles</keyword>.Burry, who <a href="https://markets.businessinsider.com/news/stocks/big-short-investor-michael-burry-warren-buffett-popular-different-style-2020-12-1029887157?utm_medium=ingest&amp;utm_source=markets">studied Buffett closely</a> as a young investor, <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-spotted-apple-warren-buffett-stock-investment-2021-3-1030186770">called Apple</a> a "Buffett stock" nearly two decades before the Berkshire Hathaway chief made the iPhone maker the <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-apple-stock-record-400-percent-gain-berkshire-hathaway-2022-1">largest holding</a> in his portfolio. His LiveWire investment could be a nod to Buffett, who <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-loaned-300-million-harley-davidson-2009-financial-crisis-2020-6-1029306090">loaned $300 million</a> to Harley-Davidson during the financial crisis."I kind of like a business where your customers tattoo your name on their chest," the Berkshire boss quipped several years later.LiveWire's SPAC deal values it at about $1.8 billion. The business only made 387 bikes in 2021, generating $33 million in revenue and a $66 million pre-tax loss. The company's executives are targeting 100,000 units, $1.8 billion in revenue, and $64 million in profits in 2026.Read more: <a href="https://www.businessinsider.com/big-short-michael-burry-scion-burryology-reddit-q4-stock-portfolio-2022-2?r=US&amp;IR=T">The founder of a Michael Burry subreddit analyzes 'The Big Short' investor's latest portfolio changes — and explains why it's so important to track his moves</a>

'The Big Short' star Michael Burry invested in a SPAC buying Harley-Davidson's electric-motorcycle unit. He might be trolling Elon Musk or nodding to Warren Buffett.

<ul class="summary-list"><li>"<keyword id="11930437" type="UNKNOWN" weightage="60" keywordseo="the-big-short" source="Orion">The Big Short</keyword>" investor <keyword id="11898782" type="UNKNOWN" weightage="60" keywordseo="michael-burry" source="Orion">Michael Burry</keyword> revamped his <keyword id="12019056" type="UNKNOWN" weightage="60" keywordseo="stock-portfolio" source="Orion">stock portfolio</keyword> last quarter.</li><li>The <keyword id="11915969" type="UNKNOWN" weightage="60" keywordseo="scion-asset-management" source="Orion">Scion Asset Management</keyword> boss swapped out four of his six holdings.</li></ul>"The Big Short" investor Michael Burry overhauled his stock portfolio once again in the fourth quarter of 2021, a <a href="https://www.sec.gov/edgar/browse/?CIK=1649339">Securities and Exchange Commission filing</a> revealed on Monday.Burry's Scion Asset Management swapped out four of its six holdings last quarter. It sold its stakes in CVS Health, Lockheed Martin, Now, and Scynexis. Meanwhile, it established new positions in Aea-Bridges Impact, Bristol-Myers Squibb, Fidelity National Financial, and General Dynamics.The hedge fund also boosted its Corecivic holdings by 35%, and cut its Geo Group position by 27%. Scion's largest positions at the end of December were a $19 million stake in Bristol-Myers Squibb, and roughly $17 million positions in Fidelity National Financial and General Dynamics. The overall value of its portfolio surged by 79% to $74 million, suggesting Burry may have grown more bullish on US <keyword id="11893878" type="UNKNOWN" weightage="60" keywordseo="stocks" source="Orion">stocks</keyword> last quarter.Burry is <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-investor-quotes-buffett-musk-housing-bubble-2020-12-1029870353?utm_source=markets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">best known</a> for his massive bet against the US housing bubble in the mid-2000s, which was chronicled in the book and the movie "The Big Short." The contrarian investor also <a href="https://markets.businessinsider.com/news/stocks/big-short-investor-michael-burry-scion-gamestop-stock-price-frenzy-2021-2-1030050393?utm_source=markets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">laid the groundwork</a> for the GameStop short-squeeze in January last year when he invested in the video-game retailer in 2019.Scion <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-stock-market-crash-q3-portfolio-2021-11?utm_medium=ingest&amp;utm_source=markets">dumped</a> most of its US stocks in the third quarter of 2021. It slashed its number of holdings from around 20 to only six, reducing its portfolio's total value (excluding options) from nearly $140 million to $42 million.Burry took a knife to his portfolio after issuing <a href="https://markets.businessinsider.com/news/currencies/big-short-michael-burry-tweets-tesla-robinhood-bitcoin-gamestop-bubble-2021-3?utm_medium=ingest&amp;utm_source=markets">multiple warnings</a> about a historic bubble in asset prices, <a href="https://markets.businessinsider.com/news/currencies/big-short-michael-burry-warns-meme-stocks-crypto-crash-coming-2021-6?utm_medium=ingest&amp;utm_source=markets">predicting</a> a catastrophic market crash, and <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-inflation-spike-economy-pandemic-reopening-2021-11?utm_medium=ingest&amp;utm_source=markets">ringing the inflation alarm</a>. He <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-elon-musk-tesla-cathie-wood-ark-2021-8">had placed bets</a> against Elon Musk's Tesla and Cathie Wood's flagship Ark Innovation ETF, but <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-stock-market-crash-q3-portfolio-2021-11?utm_medium=ingest&amp;utm_source=markets">removed his put options</a> in the third quarter of 2021.Read more: <a href="https://www.businessinsider.com/big-short-michael-burry-burryology-stock-sales-market-bubble-crash-2021-11?r=US%3DT&amp;utm_medium=ingest&amp;utm_source=markets">The creator of a Michael Burry subreddit explains why 'The Big Short' investor's selling spree is a huge red flag and lays out why it's a major endorsement for the few stocks he has left</a>

'Big Short' investor Michael Burry discloses new bets on Bristol-Myers Squibb and General Dynamics — and reveals he sold CVS Health and Lockheed Martin

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'The Big Short' star Michael Burry invested in a SPAC buying Harley-Davidson's electric-motorcycle unit. He might be trolling Elon Musk or nodding to Warren Buffett.

Theron Mohamed

'Big Short' investor Michael Burry discloses new bets on Bristol-Myers Squibb and General Dynamics — and reveals he sold CVS Health and Lockheed Martin

Theron Mohamed

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