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 ( BABA ) and JD.com ( JD ), Dutch semiconductor
supplier ASML Holding and on some U.S. names, such as
cosmetics company Estee Lauder ( EL ), Lululemon Athletica ( LULU )
, Meta Platforms ( META ), Regeneron Pharmaceuticals ( REGN )
, UnitedHealth Group ( UNH ), and VF Corp. ( VFC )
Scion's portfolio also included long-only positions in
Bruker Corp ( BRKR ), Estee Lauder ( EL ), Lululemon, Regeneron, and
UnitedHealth ( UNH ).
Burry's second-quarter portfolio contrasts with bets against
Alibaba ( BABA ), Baidu ( BIDU ), JD.com ( JD ) and PDD Holdings ( PDD ) 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%.