Big Short’s Michael Burry Abruptly Sells Everything – Except for One ‘Recession-Proof’ Asset
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Michael Burry, the hedge fund manager known for predicting the 2007 housing market collapse, has made significant changes to his portfolio. Recent SEC filings reveal that Burry's Scion Asset Management has taken a bearish position against Nvidia and major Chinese companies like Alibaba and Baidu, acquiring put options. The only remaining long position is in Estee Lauder, reflecting a cautious outlook on the market, particularly in the recession-resistant cosmetics sector. This marks the second major portfolio overhaul by Burry in recent years.
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