Michael Burry Joins Warren Buffett Going Long On UnitedHealth Stock

"Big Short" investor Michael Burry took a bold long position in UnitedHealth Group, Inc. UNH through his hedge fund, Scion Asset Management, SEC filings showed Thursday.  

• UNH stock is climbing on Thursday. Watch the price action here. 

The Big UNH Long 

Burry disclosed in 13F filings that he purchased call contracts against 350,000 shares of UnitedHealth — a move echoing recent activity from Warren Buffett's Berkshire Hathaway, which also took a massive stake in the health care giant this year.

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The filing shows Burry's exposure combines high-leverage call options with a more modest $6 million holding in roughly 20,000 shares of UnitedHealth's common stock. 

Burry's approach stands out because of both timing and scale. UnitedHealth stock is trading near five-year lows, down 57.4% from its 52-week high of $630.73, according to data from Benzinga Pro. 

The holdings suggest Burry is betting on a sector turnaround, particularly as Medicare Advantage rates have exceeded expectations for 2026, and UnitedHealth's competitive positioning remains strong despite recent setbacks.

The long position in UnitedHealth marks a notable shift in Burry's typically "bearish" investing posture. The "Big Short" investor appears to be hunting for value in the battered, but high-quality company, seeking upside as UnitedHealth resets following a tumultuous period.

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This image was generated using artificial intelligence via Midjourney.