Michael Burry's Scion Asset Management Discloses Q2 Investment Moves

Michael Burry's Scion Asset Management started new positions in consumer and healthcare names including lululemon athletica, Regeneron Pharmaceuticals, and UnitedHealth Group in Q2. Scion disclosed the information in its latest filing. These investments suggest a focus on consumer and healthcare sectors.

Michael Burry, the renowned investor known for his predictions in "The Big Short," has made significant changes to his portfolio through Scion Asset Management. In its latest filing, Scion disclosed new positions in consumer and healthcare names, including Lululemon Athletica (NASDAQ:LULU), Regeneron Pharmaceuticals (NASDAQ:REGN), and UnitedHealth Group (NYSE:UNH) [1].

These moves suggest a shift in strategy for Scion, as the fund previously held bearish put options on various stocks. The latest filing shows that Burry has replaced these put options with bullish call options, indicating a more optimistic outlook on the market. The fund now holds calls on nine stocks worth a notional $522 million, including the aforementioned companies, and has also built direct stakes in Bruker, Lululemon, Regeneron, UnitedHealth, and MercadoLibre [2].

The focus on consumer and healthcare sectors is notable. Lululemon, a popular athletic apparel brand, has seen steady growth in recent years. Regeneron, a biopharmaceutical company, is known for its innovative medical solutions, while UnitedHealth Group is a leading healthcare services provider. These investments align with the growing demand for health and wellness products and services.

Michael Burry's investments in these sectors also reflect his long-term focus. His recent moves suggest that he believes these companies have strong fundamentals and growth potential. Moreover, his investment in UnitedHealth Group is particularly significant, as it aligns with Warren Buffett's investment in the same company via Berkshire Hathaway [1].

It's important to note that quarterly portfolio updates, such as the 13Fs, only provide a snapshot of a firm's holdings with a six-week lag and exclude certain types of investments. Therefore, the latest filing may not paint a full picture of Scion's investment strategy [2].

Michael Burry's investment strategy is often characterized by his ability to predict market trends and make bold bets. His recent moves in consumer and healthcare sectors suggest that he is bullish on these sectors' growth prospects. Investors should monitor these developments closely, as Burry's investment decisions often have significant market implications.

References:
[1] https://seekingalpha.com/news/4485767-michael-burrys-scion-starts-new-position-in-unitedhealth-lululemon-and-regeneron-among-top-q2-moves
[2] https://ca.finance.yahoo.com/news/big-short-investor-michael-burry-094527541.html