Published by Global Banking & Finance Review®
Posted on August 14, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleMichael Burry shifted to a bullish investment strategy in Q2, focusing on diverse sectors, including Alibaba and ASML Holding.
By Carolina Mandl
NEW YORK (Reuters) -Michael Burry's Scion Asset Management ended the first quarter more bullish on companies across different sectors and geographies, a securities filing showed on Thursday, after betting against Chinese companies previously as the Trump administration considered imposing tariffs.
Burry, known as the "Big Short" investor for his prescient calls ahead of the 2008 U.S. housing market crash, placed bets that benefit from a rise in share prices. The call options convey the right to buy shares at a set price in the future.
The investor bought call options on Chinese companies Alibaba and JD.com, Dutch semiconductor supplier ASML Holding and on some U.S. names, such as cosmetics company Estee Lauder, Lululemon Athletica, Meta Platforms, Regeneron Pharmaceuticals, UnitedHealth Group, and VF Corp.
Scion's portfolio also included long-only positions in Bruker Corp, Estee Lauder, Lululemon, Regeneron, and UnitedHealth.
Burry's second-quarter portfolio contrasts with bets against Alibaba, Baidu, JD.com and PDD Holdings in the first quarter, ahead of Trump's announcement of high levies on goods imported from China.
The securities filing does not indicate Burry's current holdings.
After the S&P 500 dipped to its lowest point in almost a year on April 8 following Trump's "Liberation Day" tariff announcement, U.S. stocks recovered. Both the S&P 500 and the Nasdaq reached record closing highs in June, capping their best quarter in over a year as hopes for trade deals and possible rate cuts eased investor uncertainty.
Both indexes ended the quarter with double-digit gains. The S&P 500 gained 10.57% during the period, and the Nasdaq rose 17.75%.
(Reporting by Carolina Mandl, in New YorkEditing by Rod Nickel)
Michael Burry's Scion Asset Management became more bullish in Q2, focusing on investments across various sectors and geographies, as indicated by a recent securities filing.
Burry purchased call options on companies like Alibaba, JD.com, ASML Holding, and U.S. firms such as Estee Lauder and Lululemon Athletica.
In Q1, Burry had bets against companies like Alibaba and JD.com, but in Q2, he shifted to bullish positions, indicating a significant change in his investment outlook.
After the S&P 500 hit its lowest point in almost a year on April 8 due to Trump's tariff announcement, U.S. stocks recovered, with both the S&P 500 and Nasdaq achieving double-digit gains by the end of the quarter.
The S&P 500 gained 10.57% during the quarter, while the Nasdaq rose by 17.75%, reflecting a strong recovery in the stock market.
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