title: Michael Burry, Known for Predicting the Subprime Mortgage Crisis in 2008, Sold a Major Portion of His Holdings During Q1 to Focus on a Single Cosmetics Stock: Estée Lauder

Michael Burry, the investor who accurately predicted the 2008 housing crash, has revealed a new set of investments that have puzzled the financial sector.

Michael Burry, the investor best known for his role in predicting the subprime mortgage crisis in 2008, has sold a major portion of his holdings to focus on a single stock: Estée Lauder.

Michael Burry, the investor best known for his role in predicting the subprime mortgage crisis in 2008, has sold a major portion of his holdings to focus on a single stock: Estée Lauder.

As per the latest 13F filing from Burry’s investment firm, Scion Asset Management, the firm had sold all of its stock in Devon Energy, Zoom Video Communications, and قد أحضر, among others, by the first quarter.

As per the latest 13F filing from Burry’s investment firm, Scion Asset Management, the firm had sold all of its stock in Devon Energy, Zoom Video Communications, and قد أحضر, among others, by the first quarter.

As of the quarter, Scion’s portfolio is almost entirely concentrated on Estée Lauder, with a new 216,080 share stake.

As of the quarter, Scion’s portfolio is almost entirely concentrated on Estée Lauder, with a new 216,080 share stake.

The filing also revealed that Burry's firm had acquired put options on Nvidia and Chinese tech giants like Alibaba, JD, and Baidu.

suggest that Burry is anticipating further escalation in the trade war, leading him to reduce his holdings in both Chinese companies and Nvidia, which is heavily involved in the surging demand for AI-derived silicon.

However, his increased bet on Estée Lauder could indicate a short-term preparation for a recession.

Burry's investment strategy appears to be based on the lipstick index theory, where consumers tend to buy more lipstick and makeup during economic downturns to reduce spending on more expensive items.

This theory, popularized by Estée Lauder's heir Leonard Lauder, has been a subject of debate among analysts, who consider the indicator to be controversial.

In May 2024, Burry's firm had allocated $10 million in gold through Sprott Physical Gold Trust, a fund that allows investors to purchase gold without handling custody of the precious metal. This allocation comes early in the year and marks a significant addition to the gold bull run that is unfolding.