Latest news with #ScionAssetManagement
Yahoo
21 hours ago
- Business
- Yahoo
'Big Short' investor Michael Burry reveals fresh bets on Meta, Alibaba, and UnitedHealth
Michael Burry warmed to stocks last quarter, switching out bearish put options for bullish calls. The "Big Short" investor bet on the likes of Meta, Alibaba, and UnitedHealth. Burry's Scion fund owned calls on nine stocks worth a notional $522 million at the end of June. Michael Burry bet big on stocks in the second quarter, swapping out bearish put options for bullish call options and adding several fresh holdings to his portfolio. The investor of "The Big Short" fame revealed in a quarterly filing on Thursday that he purchased calls on Alibaba, ASML, Estee Lauder, Lululemon, Meta, Regeneron, UnitedHealth, and VF last quarter. Burry's Scion Asset Management also built direct stakes in Bruker, Lululemon, Regeneron, UnitedHealth, and MercadoLibre, while cutting his direct wager on Estee Lauder from 200,000 shares to 150,000. The UnitedHealth wager is notable as Warren Buffett, one of Burry's key influences, also invested in the health insurer last quarter via his Berkshire Hathaway conglomerate. Call options give investors the right to buy a certain number of a company's shares at a fixed price within a set period, allowing them to lock in a purchase price that may be lower than the market price. Similarly, investors can use put options to lock in a selling price, allowing them to profit from if the stock price declines. Scion is known for making big changes to its portfolio between quarters, but this was a particularly striking overhaul. At the end of March, it owned puts on Alibaba, Baidu, Nvidia, PDD, and worth a notional $186 million, plus a roughly $13 million stake in Estee Lauder. Three months later, it held calls on nine stocks worth a notional $522 million, and a further six direct stakes valued at $56 million. It's worth underscoring that Burry may have rejigged his stock bets in recent weeks, and his disclosures may not paint a full picture of his investment strategy. Quarterly portfolio updates known as 13Fs only provide a snapshot of a firm's holdings with a six-week lag and exclude shares sold short as well as investments in private companies, foreign-listed assets, and non-stock assets such as bonds and real estate. Burry shot to fame after predicting and profiting from the collapse of the mid-2000s US housing bubble — a wager that was immortalized in "The Big Short" book and movie adaptation. He's also known for making grave predictions of market crashes and recessions, investing in GameStop before it became a meme stock, and betting against popular assets such as Tesla, Apple, Nvidia, and the entire S&P 500 index. Read the original article on Business Insider
Yahoo
2 days ago
- Business
- Yahoo
Michael Burry's Strategic Move: Lululemon Athletica Inc Takes Center Stage with 2. ...
Insight into Michael Burry (Trades, Portfolio)'s Latest 13F Filing for Q2 2025 Warning! GuruFocus has detected 10 Warning Signs with EL. Michael Burry (Trades, Portfolio), renowned for his prescient bets against the housing market prior to the 2008 financial crisis, has recently submitted his 13F filing for the second quarter of 2025. Known for his deep value investing approach, Burry's investment decisions are closely watched by the financial community. His firm, Scion Asset Management, is based in Saratoga, California, and continues to focus on identifying undervalued opportunities in the market. This filing provides a glimpse into his strategic moves and portfolio adjustments during this period. Summary of New Buy Michael Burry (Trades, Portfolio) added a total of 5 stocks to his portfolio, with the most significant addition being Lululemon Athletica Inc (NASDAQ:LULU). This purchase involved 50,000 shares, accounting for 2.05% of the portfolio and a total value of $11.879 million. The second largest addition was Bruker Corp (NASDAQ:BRKR), consisting of 250,000 shares, representing approximately 1.78% of the portfolio, with a total value of $10.3 million. The third largest addition was MercadoLibre Inc (NASDAQ:MELI), with 3,000 shares, accounting for 1.36% of the portfolio and a total value of $7.840 million. Key Position Reduces Michael Burry (Trades, Portfolio) also reduced his position in one stock. The most significant change was a reduction in The Estee Lauder Companies Inc (NYSE:EL) by 50,000 shares, resulting in a 25% decrease in shares and a 1.66% impact on the portfolio. The stock traded at an average price of $64.36 during the quarter and has returned 42.00% over the past 3 months and 21.16% year-to-date. Portfolio Overview As of the second quarter of 2025, Michael Burry (Trades, Portfolio)'s portfolio included 15 stocks. The top holdings were 2.1% in The Estee Lauder Companies Inc (NYSE:EL), 2.05% in Lululemon Athletica Inc (NASDAQ:LULU), 1.78% in Bruker Corp (NASDAQ:BRKR), 1.36% in MercadoLibre Inc (NASDAQ:MELI), and 1.36% in Regeneron Pharmaceuticals Inc (NASDAQ:REGN). The holdings are mainly concentrated in three of the eleven industries: Healthcare, Consumer Cyclical, and Consumer Defensive. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
'Big Short' investor Michael Burry reveals fresh bets on Meta, Alibaba, and UnitedHealth
Michael Burry warmed to stocks last quarter, switching out bearish put options for bullish calls. The "Big Short" investor bet on the likes of Meta, Alibaba, and UnitedHealth. Burry's Scion fund owned calls on nine stocks worth a notional $522 million at the end of June. Michael Burry bet big on stocks in the second quarter, swapping out bearish put options for bullish call options and adding several fresh holdings to his portfolio. The investor of "The Big Short" fame revealed in a quarterly filing on Thursday that he purchased calls on Alibaba, ASML, Estee Lauder, Lululemon, Meta, Regeneron, UnitedHealth, and VF last quarter. Burry's Scion Asset Management also built direct stakes in Bruker, Lululemon, Regeneron, UnitedHealth, and MercadoLibre, while cutting his direct wager on Estee Lauder from 200,000 shares to 150,000. The UnitedHealth wager is notable as Warren Buffett, one of Burry's key influences, also invested in the health insurer last quarter via his Berkshire Hathaway conglomerate. Call options give investors the right to buy a certain number of a company's shares at a fixed price within a set period, allowing them to lock in a purchase price that may be lower than the market price. Similarly, investors can use put options to lock in a selling price, allowing them to profit from if the stock price declines. Scion is known for making big changes to its portfolio between quarters, but this was a particularly striking overhaul. At the end of March, it owned puts on Alibaba, Baidu, Nvidia, PDD, and worth a notional $186 million, plus a roughly $13 million stake in Estee Lauder. Three months later, it held calls on nine stocks worth a notional $522 million, and a further six direct stakes valued at $56 million. It's worth underscoring that Burry may have rejigged his stock bets in recent weeks, and his disclosures may not paint a full picture of his investment strategy. Quarterly portfolio updates known as 13Fs only provide a snapshot of a firm's holdings with a six-week lag and exclude shares sold short as well as investments in private companies, foreign-listed assets, and non-stock assets such as bonds and real estate. Burry shot to fame after predicting and profiting from the collapse of the mid-2000s US housing bubble — a wager that was immortalized in "The Big Short" book and movie adaptation. He's also known for making grave predictions of market crashes and recessions, investing in GameStop before it became a meme stock, and betting against popular assets such as Tesla, Apple, Nvidia, and the entire S&P 500 index. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
'Big Short' investor Burry turned more bullish on second quarter
By Carolina Mandl NEW YORK (Reuters) -Michael Burry's Scion Asset Management ended the first quarter more bullish on companies across different sectors and geographies, a securities filing showed on Thursday, after betting against Chinese companies previously as the Trump administration considered imposing tariffs. Burry, known as the "Big Short" investor for his prescient calls ahead of the 2008 U.S. housing market crash, placed bets that benefit from a rise in share prices. The call options convey the right to buy shares at a set price in the future. The investor bought call options on Chinese companies Alibaba and Dutch semiconductor supplier ASML Holding and on some U.S. names, such as cosmetics company Estee Lauder, Lululemon Athletica, Meta Platforms, Regeneron Pharmaceuticals, UnitedHealth Group, and VF Corp. Scion's portfolio also included long-only positions in Bruker Corp, Estee Lauder, Lululemon, Regeneron, and UnitedHealth. Burry's second-quarter portfolio contrasts with bets against Alibaba, Baidu, and PDD Holdings in the first quarter, ahead of Trump's announcement of high levies on goods imported from China. The securities filing does not indicate Burry's current holdings. After the S&P 500 dipped to its lowest point in almost a year on April 8 following Trump's "Liberation Day" tariff announcement, U.S. stocks recovered. Both the S&P 500 and the Nasdaq reached record closing highs in June, capping their best quarter in over a year as hopes for trade deals and possible rate cuts eased investor uncertainty. Both indexes ended the quarter with double-digit gains. The S&P 500 gained 10.57% during the period, and the Nasdaq rose 17.75%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
2 days ago
- Business
- Reuters
'Big Short' investor Burry turned more bullish on second quarter
NEW YORK, Aug 14 (Reuters) - Michael Burry's Scion Asset Management ended the first quarter more bullish on companies across different sectors and geographies, a securities filing showed on Thursday, after betting against Chinese companies previously as the Trump administration considered imposing tariffs. Burry, known as the "Big Short" investor for his prescient calls ahead of the 2008 U.S. housing market crash, placed bets that benefit from a rise in share prices. The call options convey the right to buy shares at a set price in the future. The investor bought call options on Chinese companies Alibaba ( opens new tab and ( opens new tab, Dutch semiconductor supplier ASML Holding ( opens new tab and on some U.S. names, such as cosmetics company Estee Lauder (EL.N), opens new tab, Lululemon Athletica (LULU.O), opens new tab, Meta Platforms (META.O), opens new tab, Regeneron Pharmaceuticals (REGN.O), opens new tab, UnitedHealth Group (UNH.N), opens new tab, and VF Corp (VFC.N), opens new tab. Scion's portfolio also included long-only positions in Bruker Corp (BRKR.O), opens new tab, Estee Lauder, Lululemon, Regeneron, and UnitedHealth. Burry's second-quarter portfolio contrasts with bets against Alibaba, Baidu ( opens new tab, and PDD Holdings (PDD.O), opens new tab in the first quarter, ahead of Trump's announcement of high levies on goods imported from China. The securities filing does not indicate Burry's current holdings. After the S&P 500 dipped to its lowest point in almost a year on April 8 following Trump's "Liberation Day" tariff announcement, U.S. stocks recovered. Both the S&P 500 (.SPX), opens new tab and the Nasdaq reached record closing highs in June, capping their best quarter in over a year as hopes for trade deals and possible rate cuts eased investor uncertainty. Both indexes ended the quarter with double-digit gains. The S&P 500 gained 10.57% during the period, and the Nasdaq rose 17.75%.
