To The Moon

I have always admired Michael Burry’s ability to keep a lean & mean portfolio.

I have covered this iconic investor before. Click here ! , here ! here ! here ! for previous posts.

This post covers Burry’s latest investments, that is a major portfolio shakeup.

Latest SEC filings from Burry’s Scion Asset Management show the firm has taken a substantial bearish stance against $NVIDIA(NVDA)$, opening a large position in “Put” options against NVDA, which now represents nearly half of his portfolio value.

This marks a significant departure from his Q4 2024 portfolio and signals a strong conviction that markets, particularly in technology, are severely overvalued.

Scion has also reversed its previously bullish outlook on Chinese equities.

The fund acquired bearish “Put” options on major Chinese companies, including $Alibaba(BABA)$ and $Baidu(BIDU)$.

Sidetrack: (see below)

Interestingly, on 18 May 2025 it was reported that $ARK Innovation ETF(ARKK)$ investment officer Cathie Wood has just spent $2.7 million to buy 30,217 shares of Chinese stock BIDU. (see above)

Not the latest. It is to show ARK historical BIDU sell off.

History.

This would be Wood’s 3rd brush with BIDU in 2025. (see above)

In 2022, ARK built its largest Baidu position when the stock price was much higher (during the 2020–2021 tech rally).

ARK funds exited BIDU after regulatory crackdown when prices were substantially lower.

Therefore, it is very likely that Cathie Wood realized a loss on her BIDU position when she exited in 2022.

After a 2 years hiatus.

• Wood returned to BIDU on 24 Mar 2025, buying 129,451 shares, her first Baidu purchase in over 2 years.

• In April 2025, she added another 136,773 shares.

• Lastly in May 2025, she topped up another 30, 217 shares.

BIDU Stock Movement.

• Baidu shares are up roughly +6% in the past month.

• YTD, Baidu is up about +8.03%.

• However, for past 12 months performance, Baidu is still down marginally by -0.6%.

Coming Back to Burry.

Here’s another twist – Scion’s only remaining long position is New York-based $Estee Lauder(EL)$, a bet on the cosmetics giant’s potential recovery.

This solitary bullish stance underscores Burry’s cautious approach on the market, with the makeup industry often believed to be resilient to recession.

In Summary.

Summary of Scion's latest holdings

This is the 2nd time in recent years that Burry has gutted Scion’s portfolio.

In 2023, Burry drastically reduced Scion’s holdings, only to later admit he was wrong while placing new, targeted bets.

Historical Mistake ?

History has proven that Burry is not God and he is prone to erroneous decision too.

In early 2021, Burry thru Scion funds initiated a high-profile short position against Tesla.

Specifically, by the end of Q1 2021, Burry held “Put” options against 800,100 shares of TSLA.

That represented approx. a notional value of $534 million. This bet was publicly disclosed in regulatory filings and widely reported in May 2021.

The Clash.

Burry had been vocal about his bearish view on Tesla, describing TSLA as (a) a bubble and (b) questioning its reliance on regulatory credits for profitability.

These public criticisms led to a direct response from Elon Musk, who dismissed Burry as a "broken clock" on Twitter.

After this exchange, Burry deleted his tweets and took down his Twitter account, indicating a public clash between the two.

Financial Outcome:

Burry closed his Tesla short position by the end Q3 2021 (September 30).

In Scion’s regulatory filings, it showed that Scion had reduced its holdings to only a handful of positions and Tesla was no longer among them.

The exact profit or loss from the Tesla short is not publicly disclosed.

Regulatory filings only show the notional value of the “Puts”, not the purchase price, strike price, or sale price.

There is no evidence from the filings or credible reporting that Burry made a significant profit though.

TSLA - past 5 years performances

Above is TSLA’s past 5 years stock price movement for your review & assessment. (see above)

Tesla’s stock remained resilient during much of the year 2021 period, suggesting that the trade was likely not profitable, through deduction.

I cannot wait to find out who is the real “savvy” investor - Burry or Wood? How much wait time is needed to come to a conclusion ? Put in the comments section…

Must Read: Click on below titles to access. Repost to share, Like as encouragement ok. Thanks.

• WMT warns customers, Trump warns WMT. Huh ?

• 100% sure, US Market will fall this Week.

• 3 'Must Buy' Non-US Stocks To Have & Hold ?

• Do you think Burry’s bold move is the right move given US market uncertainty’?

• Do you think Burry or Wood will be the winner in the BIDU challenge ?

If you find this post interesting, give it wings! ️ Repost and share the insights ?

Do consider “Follow me” and get firsthand read of my daily new post. Thank you.

@Daily_Discussion

@TigerPM

@TigerStars

@Tiger_SG

@TigerEvents