Michael Burry’s latest portfolio update, as of the Q1 2025 13F filing reported on May 15, 2025, shows a significant shift in his holdings. He has sold all previous stock positions, including his notable stakes in Chinese tech companies like Alibaba (BABA), JD.com (JD), Baidu (BIDU), and Pinduoduo (PDD). Additionally, he closed out bearish put options on these stocks as well as on NVIDIA (NVDA).
Burry’s only remaining long position is a new stake in Estée Lauder (EL), which now constitutes 6.63% to 50% of his portfolio, depending on varying reports, with the rest held in cash. He also maintains put positions on multiple companies, including NVDA (48.96%), BABA (13.27%), PDD (11.88%), and JD (8.26%), indicating a bearish outlook on these names.
This move suggests a risk-off strategy, possibly in response to perceived market uncertainties, regulatory concerns, or macroeconomic jitters, especially after the rally in Chinese stocks earlier in 2024. His focus on Estée Lauder may reflect confidence in consumer discretionary sectors or a specific interest in the company’s fundamentals, though some speculate it could be tied to emerging trends like RWA/DeFi, as mentioned in posts on X.
This drastic portfolio overhaul echoes a similar move Burry made in 2022, often interpreted as a cautious stance on the broader market. However, without more detailed filings, it’s unclear if this is a temporary repositioning or a long-term shift in strategy. Investors should approach this information critically, as 13F filings reflect past actions and may not fully capture Burry’s current intentions or additional derivative positions not disclosed in these reports.