The hedge to a portfolio full of heavily-indexed stocks would be fairly-valued, non-indexed stocks. Burry had to report his holdings in a 13F filing on August 1

The hedge to a portfolio full of heavily-indexed stocks would be fairly-valued, non-indexed stocks. Burry had to report his holdings in a 13F filing on August 14: https://www.sec.gov/Archives/edgar/data/1649339/000156761919016689/xslForm13F_X01/form13fInfoTable.xml https://www.sec.gov/Archives/edgar/data/1649339/000156761919... He holds heavily-indexed companies like Disney, Fedex, and Alphabet. He holds a couple of small-cap value companies that aren't likely to be included in more than a couple of small ETFs: Tailored Brands (Mens Warehouse) and Sportsmans Warehouse.