Group 1 - Michael Burry's hedge fund, Scion Asset Management, has taken a long position in UnitedHealth Group, Inc. (UNH) through the purchase of call contracts against 350,000 shares [1][2] - Burry's holdings include a $6 million investment in approximately 20,000 shares of UnitedHealth's common stock, indicating a combination of high-leverage call options and a modest equity stake [3] - UnitedHealth's stock is currently trading near five-year lows, down 57.4% from its 52-week high of $630.73, suggesting a potential opportunity for value investment [3] Group 2 - The investment reflects a shift in Burry's typically bearish stance, as he appears to be betting on a sector turnaround, particularly with Medicare Advantage rates exceeding expectations for 2026 [4] - UnitedHealth's competitive positioning remains strong despite recent setbacks, indicating confidence in the company's long-term prospects [4] - The investment aligns with similar moves from Warren Buffett's Berkshire Hathaway, which has also taken a significant stake in UnitedHealth this year [2]