Michael Burry, made famous through his depiction by Christian Bale in the film "The Big Short," took on ARK Innovation ETF's (ARKK) - Get ARK Innovation ETF Report highly popular asset manager Cathie Wood.
At the end of the second quarter, Burry's Scion Asset Management owned bearish put contracts against 235,500 shares of ARK Innovation ETF, according to a regulatory filing Monday.
Buyers looked to offset Burry's impact on Tesla after he unveiled the bet against the clean-energy carmaker.
Burry has been critical of Tesla CEO Elon Musk, tweeting in December about the company's "current ridiculous price."
Put options give the buyer the right, but not the obligation, to sell a certain asset at a certain price at a defined point in the future.
In June, Burry, who made billions betting against the U.S. housing market in the mid-2000s, tweeted a series of warnings about losses "the size of countries" in the event of cryptocurrency or meme-stock declines.
"All hype/speculation is doing is drawing in retail before the mother of all crashes,” Burry wrote on Twitter before the posts were deleted,
Last week, Ark Investment Management added 82,867 shares of Grayscale Ethereum Trust bringing its total to more than 721,000.
Earlier, this month, ARK reduced its exposure in the chip and graphics card maker Nvidia (NVDA) - Get NVIDIA Corporation Report as part of a broader adjustment of holdings within her ARK Next Generation Internet ETF (ARKW) - Get ARK Next Generation Internet ETF Report and ARK Autonomous Technology and Robotics ETF (ARKQ) - Get ARK Industrial Innovation ETF Report.
Wood sold 15,074 shares in Nvidia, estimated to be worth about $3.06 million.