Lates News

The 13F report shows that "The Big Short" Michael Burry's hedge fund Scion nearly cleared out all stocks by the end of the first quarter, retaining only a small portion of long positions in cosmetics giant Este Lauder and betting on the fall of Nvidia and Chinese concept stocks through the options market. The bearish options on Nvidia became the largest position in the portfolio with a position of 900,000 shares worth approximately $97.542 million, while the bearish options on Alibaba became the second largest position with a position of 200,000 shares worth approximately $26.446 million. This change reflects Burry's decision to adjust his investment portfolio in the face of increased market uncertainty. However, Nvidia fell by 26.87% in the first quarter while Alibaba rose by 55%.