Michael Burry's Scion Asset Management made some major changes to its portfolio during the first quarter, according to a filing with the Securities and Exchange Commission released on Thursday.
Burry - who rose to fame after being featured in the Michael Lewis book "The Big Short" and its subsequent Hollywood film - has opened a big bet against shares of Nvidia Corp. $(NVDA)$ using puts, the filing showed.
His firm also bought bearish puts on shares of Chinese stocks which he had previously owned outright, including Alibaba Group Holding Ltd. $(BABA)$, Baidu Inc. $(BIDU)$ and JD.com Inc. $(JD)$
The only long position remaining in Burry's portfolio, according to the filing, was a bet on shares of Estee Lauder Cos. Inc. $(EL)$
The SEC requires all institutional investment managers that hold over $100 million in certain securities to disclose their positions via quarterly filings known as 13-Fs.
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