Michael Burry’s Bold Bet on a Struggling Healthcare Giant

Hedge fund manager Michael Burry, famed for predicting the 2007 housing crash, has made a striking MOVE in Q2 by heavily investing in a downtrodden healthcare stock. His Scion Asset Management portfolio now holds a significant position in UnitedHealth Group (UNH), comprising both shares and call options—the latter weighting 18% of his portfolio. This contrarian play comes as UNH shares have plunged nearly 50% over the past year.

Burry’s 13F filing reveals 20,000 shares purchased alongside call options, signaling conviction despite Wall Street’s skepticism. The move echoes his 'Big Short' audacity, raising questions about unseen upside in the healthcare sector. No direct cryptocurrency implications emerge, but the trade underscores Burry’s appetite for high-stakes, counter-consensus bets—a mindset crypto investors often emulate during market dislocations.