Michael Burry was bullish on China tech but cut portfolio, holding bearish put options.

From Yahoo Finance: 2025-05-16 10:43:00

Michael Burry, known for value investing, bought put options on Chinese tech stocks and doubled his position in Estée Lauder. Scion Asset Management cut its portfolio to seven stocks from 13, holding bearish put options on Alibaba, Baidu, JD.com, and more. Burry’s move into Chinese tech raised eyebrows amid Beijing’s regulatory crackdown. Tech stocks surged until Trump’s tariff announcement. Alibaba, Baidu, and PDD Holdings shares are up, while JD.com struggles in the food delivery space. Estée Lauder shares have struggled, but rose after Burry’s increased stake.



Read more at Yahoo Finance: ‘Big Short’ investor Michael Burry was bullish on China tech. Not anymore.