Scion Asset Management

Both Michael Burry, the famed investor behind "The Big Short," and Estee Lauder Companies, Inc. (NYSE:EL) have strategically reduced their exposure to China – and Burry doubled his bet on the global beauty giant.  Burry Shorts China, Buys EL  According to its most recent SEC filing, Burry...

Estée Lauder Companies, Inc. (NYSE:EL) stock has climbed steadily over the past three months and jumped more than 10% on Monday following the death of Leonard Lauder, a longtime executive and son of founder Estée Lauder.  Estée Lauder is Michael Burry's only current long position. Here's what...

Renowned investor Michael Burry recently liquidated his long positions in Chinese tech stocks—a move echoed by Apollo Global's top economist, who shares his bearish outlook on China's economy. What To Know: On Wednesday, Apollo Global's chief economist Torsten Slok shared three reasons why he sees...

New ETF filings from VistaShares reveal plans to launch funds that track the top trades of Bill Ackman and Michael Burry, expanding on the firm’s existing ETFs tied to Warren Buffett‘s investments. What Happened: VistaShares may not be a household name for ETFs yet, but that could soon...

Legendary investor and hedge fund manager Michael Burry recently doubled down on his investment in cosmetics giant Estée Lauder Companies, Inc. (NYSE:EL). Burry's move could reflect a strategic bet on the so-called “Lipstick Index,” which suggests consumers turn to more affordable...

Michael Burry, famed for his highly profitable bet against the U.S. housing market in 2008, has recently shifted to a bearish stance on Chinese technology stocks. Burry's pivot is notable because he was previously bullish on China tech companies and held significant long positions in companies like...

‘The Big Short’ famed investor Michael Burry, who accurately predicted the 2008 housing market crash, has turned bearish on most equities while doubling his stake in cosmetics giant Estée Lauder Companies Inc. (NYSE:EL) during the first quarter, according to 13F regulatory filings with...

Michael Burry's $196 million hedge fund, Scion Asset Management, could see hefty gains if the People's Bank of China cuts interest rates in 2025, which it has suggested it is likely to do. What To Know: Burry has made significant investments in Chinese tech companies Alibaba Group Holding Ltd. (...

China revealed additional economic stimulus measures on Tuesday in an effort to revive its struggling economy. Some hedge fund managers anticipated the move and have been buying up shares of Chinese tech companies that could benefit as Beijing unleashes more fiscal support.  The Details: China...

Michael Burry, the hedge fund manager renowned for predicting the 2008 financial crisis, has significantly increased his exposure to Chinese technology companies while simultaneously implementing protective measures against potential downside risks, according to regulatory filings. What Happened:...

Known for his “Big Shorts,” Michael Burry, founder and manager at Scion Asset Management, may have just signaled that he believes the market rally has legs. Burry, portrayed by Christian Bale in “The Big Short,” made his name for shorting the market and winning big as he...

"The Big Short" investor Michael Burry has boosted his fund's exposure to Chinese e-commerce stocks during the first quarter of 2023 while scooping up regional U.S. lender stocks during the banking sector turmoil, according to the latest 13 F filing posted on the SEC website. According to the...

Scion Asset Management CEO Michael Burry took to Twitter Inc (NYSE: TWTR) on Tuesday to warn his 915,000 followers of long-term inflation and owes it to four critical factors. What happened: In the now-deleted tweet, Burry said, “Seems China moves on Taiwan in 2023, as the war in...

Michael Burry has been known to take large positions against companies he thinks are overvalued. Over the years, "The Big Short" investor has actively shorted Tesla Inc (NASDAQ: TSLA) with a belief the stock was overvalued. Burry also shorted shares of the Ark Innovation ETF (...

Investor Michael Burry of “The Big Short” fame exited his bearish bets on Tesla Inc. (NASDAQ: TSLA) and Cathie Wood’s ARK Innovation ETF (NYSE: ARKK) in the third quarter, according to a regulatory filing on Monday. What Happened: Burry’s private investment firm Scion...