Michael Burry Is Betting Against Apple

Michael Burry has been known to take large positions against companies he thinks are overvalued. Over the years, "The Big Short" investor has actively shorted $Tesla (TSLA.US)$ with a belief the stock was overvalued. Burry also shorted shares of the $ARK Innovation ETF (ARKK.US)$
Among the positions revealed in the 13F was a bearish bet on $Apple (AAPL.US)$. Burry holds a put position worth 206,000 shares as of March 31.
The bearish position is estimated at $36 million if exercised, which would be the largest position in the portfolio.
It is worth mentioning that while the "big shorts" are bearish on Apple's stock price, $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$ Warren Buffett's Berkshire is buying Apple in a big way. It is reported that Berkshire bought about 3.78 million shares of Apple in the first quarter.