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'Big Short' investor Burry turned more bullish on second quarter
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'Big Short' investor Burry turned more bullish on second quarter
Aug 14, 2025 3:13 PM

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%.

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