Michael Burry significantly changed his investment strategy in the second quarter by shifting from bearish put options to bullish call options. Key positions included calls on Alibaba, Meta, and UnitedHealth, as well as direct stakes in companies such as Lululemon and Regeneron. The overall value of Burry's call options grew to $522 million from $186 million in put options just three months prior. This shift suggests a notable shift in market sentiment, particularly with parallels to investments made by Warren Buffett in the healthcare space.
Michael Burry made significant portfolio changes in the second quarter by swapping bearish put options for bullish call options, indicating a shift towards more optimistic stock positions.
The investor purchased calls on Alibaba, Meta, and UnitedHealth, among others, and built direct stakes in companies like Lululemon and Regeneron.
Burry's Scion Asset Management’s shift from put options worth $186 million to call options worth $522 million reflects a striking overhaul of his investment approach.
Notably, the investment in UnitedHealth aligns with similar moves by Warren Buffett’s Berkshire Hathaway, underscoring a growing optimism in the healthcare sector.
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