Michael Burry’s latest 13F filing reveals a dramatic reset in his investment approach. After holding a diversified group of healthcare, consumer, and Chinese tech stocks, Burry hit the eject button in Q1 2025 — exiting 100% of his portfolio holdings… except one.

Here’s what changed:

🔥 New Position:

  • Estee Lauder (EL)

    • Added 100,000 shares

    • Now comprises 50% of the portfolio

    • A bold bet on consumer resilience and luxury beauty

    • Burry opened PUT options against:

      • Nvidia (NVDA)

      • Alibaba (BABA)

      • Baidu (BIDU)

      • JD.com (JD)

  • 💣 Stocks Burry Sold Entirely:

    • China Tech:

      • Alibaba (BABA)

      • Baidu (BIDU)

      • JD.com (JD)

      • Pinduoduo (PDD)

    • Healthcare:

      • Molina Healthcare (MOH)

      • HCA Healthcare (HCA)

      • Oscar Health (OSCR)

    • Others:

      • Bruker Corp (BRKR)

      • V.F. Corp (VFC)

      • Magnera Corp (MAGN)

      • Canada Goose (GOOS)

      • American Coastal Insurance (ACIC)

    The takeaway?

    This is not just portfolio rotation — this is a macro call.

    With no exposure to China, healthcare, or insurance, and an oversized bet on a beauty giant, Burry may be anticipating a consumer-led market rotation or volatility-driven dislocation in staples.

    Stay tuned. When Burry clears the deck, it’s never random.

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