Michael Burry's Scion Bets Against Nvidia, Turns Bearish On Chinese Stocks

Dow Jones

May 16

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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Inc. <a href=\"https://laohu8.com/S/EL\">$(EL)$</a></p><p>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.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDA","symbol_name":"英伟达","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535680584","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535680584","pubTimestamp":1747352658,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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.  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. , Baidu Inc.  and JD.com Inc. . 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