Nvidia(US:NVDA) Zhi Tong Cai Jing·2025-05-16 03:03Core Insights - Michael Burry's Scion Asset Management has nearly liquidated all its listed stock holdings in Q1, while establishing bearish positions on Nvidia and Chinese tech stocks ahead of potential trade tensions initiated by Trump [1][2] Group 1: Holdings and Positions - Scion Asset Management's largest position is in Nvidia put options, holding 900,000 shares valued at $97.54 million, representing 48.96% of the portfolio [3] - The second largest position is in Alibaba put options, with 200,000 shares valued at $26.45 million, accounting for 13.27% of the portfolio [3] - Other notable positions include Pinduoduo put options (200,000 shares, $23.67 million, 11.88%) and JD put options (400,000 shares, $16.45 million, 8.26%) [3] Group 2: Changes in Holdings - The only stock held besides put options is Estée Lauder, with 200,000 shares valued at $13.2 million, which has doubled from the previous quarter [2] - Significant reductions in holdings include the complete sale of positions in various companies such as JD, Alibaba, and Pinduoduo, indicating a strategic shift towards bearish positions [3] Group 3: Market Reactions - Following the disclosure of the 13F filing, Nvidia's stock experienced a slight decline in after-hours trading, while Estée Lauder's stock surged nearly 7% [3]