Scion Asset Management

Despite his long-standing reputation as a Tesla, Inc. (NASDAQ:TSLA) skeptic, Michael Burry confirmed on Wednesday that he currently holds no short position in the EV giant.  TSLA stock is moving. See the chart and price action here.  The clarification comes amid heightened speculation...

Lululemon Athletica, Inc. (NASDAQ:LULU) shares climbed Thursday as Wall Street digested news of activist firm Elliot Management's $1 billion stake in the athleisure clothing retailer.  LULU stock is climbing. See the chart and price action here.  For months, Lululemon stock was left for...

Michael Burry, the famously bearish investor, announced a philanthropic move on Wednesday that added a layer of warmth to his contrarian image.  NVDA stock is moving. See the real-time price action here.  In a post on social media, Burry committed to donating 5% of all subscription...

Michael Burry appeared on "The Big Short" author Michael Lewis' "Against the Rules" podcast, where he revealed more details on his bearish position in Palantir Technologies, Inc. (NASDAQ:PLTR) and why he closed his Scion Asset Management hedge fund. NVDA stock is moving. See the real-time price...

Michael Burry, the investor immortalized in "The Big Short for predicting the 2008 housing crisis, has executed his most significant operational shift in years: he has officially shuttered his hedge fund, Scion Asset Management, to dedicate his full attention to a paid Substack newsletter, "...

Michael Burry, famous for his accurate prediction of the mid-2000s US housing bubble burst, has once again stirred the pot in the financial world. This time, his bet against Nvidia and his criticism of AI companies have made him a hot topic on social media. What Happened: Burry’s...

A recent wave of exits by Wall Street heavyweights has sparked fears that NVIDIA Corp. (NASDAQ:NVDA) stock may have peaked. Three legendary investors—Michael Burry, SoftBank's Masayoshi Son and Peter Thiel—have made decisive moves against holding Nvidia.  NVDA stock is moving. See the real-...

Investor Michael Burry sought to clarify certain misconceptions about his latest options bet against Palantir Technologies Inc. (NASDAQ:PLTR), after details of the position were widely misinterpreted in media reports. Burry Unveils True Size of His Position On Thursday, in a post on X,...

On Tuesday morning, Palantir Technologies, Inc. (NASDAQ:PLTR) CEO Alex Karp criticized short-sellers and pointed directly at investor "Big Short" Michael Burry.  PLTR stock is down. See the real-time price action here.  A new filing disclosed Monday evening that Burry's hedge fund Scion...

A new regulatory filing shows that billionaire investor Michael Burry's hedge fund Scion Asset Management purchased five million put options on Palantir Technologies, Inc. (NASDAQ:PLTR) and one million put options on NVIDIA Corp. (NASDAQ:NVDA), among other changes to its portfolio.  PLTR...

It took a year of pain, but UnitedHealth Group Inc (NYSE:UNH) just gave hedge fund stars David Tepper and Michael Burry a clean bill of health. After a bruising 35% slide in the past 12 months, the insurance giant finally delivered a quarter that suggests the patient is stabilizing — and early...

Lululemon Athletica Inc (NASDAQ:LULU) is turning back the clock on valuations, trading at levels not seen since 2010 — and hedge fund billionaire Michael Burry is taking notice. The athletic apparel giant is breaking out on the charts, attracting attention from both value investors and momentum...

Michael Burry, the renowned investor who inspired "The Big Short," made new portfolio moves in luxury beauty giant Estée Lauder Companies, Inc. (NYSE:EL) in the second quarter.  EL stock is up 21% year-to-date. Check out the chart here.  Burry's Beauty Bet According to Scion Asset Management...

"Big Short" investor Michael Burry took a bold long position in UnitedHealth Group, Inc. (NYSE:UNH) through his hedge fund, Scion Asset Management, SEC filings showed Thursday.   UNH stock is climbing on Thursday. Watch the price action here.  The Big UNH Long  Burry disclosed in 13F filings...

Both Michael Burry, the famed investor behind "The Big Short," and Estee Lauder Companies, Inc. (NYSE:EL) have strategically reduced their exposure to China – and Burry doubled his bet on the global beauty giant.  Burry Shorts China, Buys EL  According to its most recent SEC filing, Burry...