No, its not. Probably hedging a bunch of long equity positions after the market’s early rise this year. No reason for a hedge fund manager to not want to try to lock in profitable positions (S&P is still up about 16% YTD) for the rest of the year, or as long as the puts run for.
I’m no fan of his politics but his track record as a trader is one of the best in history (his book The Alchemy of Finance - originally written in 1987 - is must reading for anyone who wants to learn how to invest).