To The Moon

It was back in 21 May 2025 that I have posted about Michael Burry’s latest 13-F filing revealing there was all but one stock left in his holdings. Click here ! to refresh your memory.

Fast forward 3 months later, here we are again with the latest on his company Scion Asset Management latest filings for Q2 2025.

Latest Purchase.

His firm has significantly increased exposure to both equity & options in:

• Healthcare.

• Discretionary.

• Tech.

At the same time, the fund also closed out of some bearish “Put” options in several big Chinese tech stocks and also $NVIDIA(NVDA)$.

Analysts said that Burry has shifted to a more optimistic outlook on the market and betting on stocks like:

• $Lululemon(LULU)$ - valued at $11.8 million.

• $UnitedHealth(UNH)$ - valued at $6.2 million.

• $Bruker(BRKR)$ - valued at $10.3 million.

• $Regeneron Pharmaceuticals(REGN)$ - valued at $7.87 million.

• Mercado Libre (MELI) - valued at $7.84 million.

• Estee Lauder (EL) - valued at $12 million.

His Scion fund owned call options: (see below)

• Calls options on 9 stocks worth $522 million at the end of June.

• Added large call option positions also in LULU, UNH, REGN, EL, META, and BABA.

Burry's portfolio changes are notable, but his disclosures may not reflect his full investment strategy.

This is because the quarterly 13F report shows what a firm owns, but (a) they come out 6 weeks late and (b) exclude shares sold short, as well as investments in private companies, foreign-listed assets, and non-stock assets such as bonds & real estate.

It could also be interpreted that Burry is betting on a sector turnaround, particularly as Medicare Advantage rates have exceeded expectations for 2026, and UNH’s competitive positioning remains strong despite recent setbacks.

Burry’s change in strategy is definitely a departure from his earlier positions, where he held bearish “Put” options on Chinese companies like Alibaba and JD.com.

The shift coincides with a rebound in US stock market following the S&P 500's dip in April 2025, that saw both S&P 500 and Nasdaq reach record highs in June 2025.

After news broke of his stake in UnitedHealth, the stock rose by +11.98% to close off Fri, 15 Aug 2025 at $304.01 per share. (see below)

This has been a shot in the arm for UNH because apart from Burry’s purchase, it was revealed too that $Berkshire Hathaway(BRK.B)$ has taken a substantial stake in UNH as well.

With 2 iconic investors’ interests in UNH, this healthcare stock is once again back under radar, offering some relief to a stock that has tumbled about -41% YTD.

UNH - More News!

In a US Securities and Exchange Commission (SEC) filing on Thu, 14 Aug 2025, Amedisys ($AMED) announced that UNH has completed its $3.3 billion purchase of the home health and hospice provider.

Simultaneously, as part of a settlement with US Department of Justice (DOJ) over possible antitrust concerns, UNH has agreed to sell more than 160 out of 519 healthcare facilities (acquired).

This included home health, hospice, and high-acuity care centers, across 38 states in the US.

Investment Strategy.

Of the 6 stocks in Scion asset management’s holdings, the-

• “Oldest” stock listed on US exchange is UNH (October 1984).

• “Youngest” stocks listed on US exchange are LULU (July 2007) & MELI (June 2007).

One “common” investment pattern most iconic investors (Buffett, Burry, Ackman etc..) adopted is that they almost never invest in newly listed stocks, even though there are speculative gains to be had.

This would be stocks like : Figma (FIG). Circle Internet Grp Inc (CRCL). Bullish Ord. Shs (BLSH) and even Coreweave (CRWV).

Surely there must be reason/s why newly listed stocks are considered - “untouchables”. Anyone happens to know ? Care to share ?

Remember to check out my other posts. (See below). Help to Repost ok, Thanks.

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

• RGTI Earnings - Quantum Stock True Test ? Mon, 18 August. Idea post.

• Powell delivers Interest Cut US Mkt craves ? Mon, 18 August. Pick post.

• Oil Stocks - Ticking Bomb or Buy The Dip ? Fri, 15 August. Pick post.

• Do you think it is a “wise” move to invest in established stocks (on US exchanges) only?

• Do you think there is still growth and value to be had, investing in established stocks only ?

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