During the first quarter of this year, Scion Asset Management, under the stewardship of Michael Burry, executed a bold strategy by nearly liquidating all its listed stock positions and establishing new short positions in NVIDIA (NVDA.US) and Chinese stocks. Notably, NVIDIA put options emerged as the fund's largest position, closely followed by Alibaba put options in the second spot. Concurrently, the institution augmented its holdings in Estee Lauder listed stocks, doubling its previous stake. It's crucial to understand that the 13F filing solely discloses long stock and option positions, omitting potential short hedging positions.
