Michael Burry's Q2 2025 Portfolio Update: Lululemon Athletica Inc Emerges as Top Holding with 2.05% Share

Michael Burry's Scion Asset Management has submitted its Q2 2025 13F filing, revealing a 2.05% portfolio share in Lululemon Athletica Inc. Burry added 5 stocks, including Lululemon, Bruker Corp, and MercadoLibre Inc, while reducing his position in Estee Lauder Companies Inc by 50,000 shares. The firm's portfolio consists of 15 stocks, primarily concentrated in the healthcare, consumer cyclical, and consumer defensive industries.

Michael Burry, the renowned investor behind the prescient bets against the housing market in 2008, has added Lululemon Athletica Inc (NASDAQ: LULU) to his Scion Asset Management portfolio in the second quarter of 2025. The addition, revealed in the firm's 13F filing, highlights Burry's continued interest in consumer cyclical and defensive sectors.

Burry's latest filing shows a 2.05% portfolio share in Lululemon, with a total value of $11.879 million, representing the most significant addition to his portfolio. The firm also increased its stake in Bruker Corp (NASDAQ: BRKR) by 250,000 shares and MercadoLibre Inc (NASDAQ: MELI) by 3,000 shares. Meanwhile, the portfolio saw a reduction in The Estee Lauder Companies Inc (NYSE: EL) by 50,000 shares, a 25% decrease from the previous quarter.

As of Q2 2025, Scion Asset Management's portfolio consists of 15 stocks, primarily concentrated in the healthcare, consumer cyclical, and consumer defensive industries. The top holdings include 2.1% in The Estee Lauder Companies Inc, 2.05% in Lululemon Athletica Inc, 1.78% in Bruker Corp, 1.36% in MercadoLibre Inc, and 1.36% in Regeneron Pharmaceuticals Inc (NASDAQ: REGN).

The addition of Lululemon comes at a time when the stock has seen a significant decline, trading at a five-year low price-to-earnings ratio and 52.8% below its 52-week high. However, Lululemon's recent share repurchases and management's confidence in its valuation may signal a turnaround. The market's reaction to Burry's investment has been notable but not transformative for the company's outlook.

This strategic move by Burry reflects his deep value investing approach and his ability to identify undervalued opportunities in the market. The addition of Lululemon and other stocks to his portfolio underscores his confidence in these companies' long-term prospects despite current market conditions.

References:

[1] https://finance.yahoo.com/news/michael-burrys-strategic-move-lululemon-152131158.html
[2] https://www.indexbox.io/blog/michael-burrys-scion-asset-management-invests-in-lululemon/
[3] https://ca.finance.yahoo.com/news/big-short-investor-michael-burry-094527541.html