Group 1: Michael Burry's Investment Strategies - Michael Burry gained fame for shorting the housing market and subprime mortgages, leading to significant profits during the 2008 financial crisis [2][3] - He has a history of making successful predictions, including shorting overvalued tech stocks before the dot-com bubble burst in 2000 and warning about meme stocks and crypto leverage in 2021 [5][6] - Burry recently closed his hedge fund, Scion Asset Management, citing a disconnect between his valuation estimates and market prices [6] Group 2: GameStop Investment - Burry disclosed his recent purchases of GameStop Corp. (NYSE: GME), a video game retailer that gained viral attention in early 2021 due to retail investors on Reddit's r/WallStreetBets [8] - The stock price of GameStop surged from less than $20 to nearly $500 within a few days due to significant buying pressure [9] - Burry expressed his expectation of buying GameStop shares at what may soon be 1x tangible book value / 1x net asset value [10]

Michael Burry has really been making headlines since he closed up shop over at Scion Asset Management with the belief that the broad stock market could be in for a rough couple of years. ...

Core Viewpoint - Michael Burry has publicly denied taking a short position on Tesla, despite previously labeling the company's stock as "ridiculously overvalued" [1][3][10] Group 1: Tesla's Performance and Estimates - Tesla's own compilation of analyst delivery estimates indicates an average expectation of 422,850 deliveries in Q4, representing a 15% decline from the previous year [3] - For the full year, Tesla's average delivery estimate is about 1.6 million for 2025, which is an 8% decrease from 2024, marking a second consecutive annual decline [4] - Tesla shares have experienced significant volatility in 2025, influenced by slowing sales and increased competition, particularly from Chinese EV manufacturers [5][7] Group 2: Stock Price Movements - Tesla's stock reached a record closing price of $489.88 on December 16, 2025, but was trading around $453 per share as of Wednesday afternoon [7][10] - The stock has faced pressure earlier in the year due to various factors, including Elon Musk's political activities [5][7] Group 3: Burry's Position and Market Commentary - Burry has made bearish calls on the AI sector and has previously disclosed put options related to Tesla, although he later stated that position was closed [8] - His recent comments draw a distinction between criticizing Tesla's valuation and actively betting against its stock [10] Group 4: Legal Context Surrounding Musk - The National Labor Relations Board has dropped a complaint against Musk's SpaceX regarding severance and arbitration policies, marking a legal win for Musk [11] - This development is part of a broader legal struggle between Musk's companies and federal regulators [12]

Core Viewpoint - Lululemon Athletica, Inc. has seen a significant stock price increase following the announcement of Elliott Management's $1 billion stake, marking a shift in market sentiment after a prolonged decline in stock value due to slowing growth and product issues [1]. Group 1: Stock Performance and Market Sentiment - Lululemon shares rose 6.55% to $221.48 following the news of Elliott Management's investment [6]. - The stock had previously dropped nearly 60% from its all-time highs, reflecting challenges in U.S. growth and product innovation [1]. - Michael Burry, a notable investor, has increased his position in Lululemon, indicating a bullish sentiment towards the stock [2][3]. Group 2: Activist Involvement and Leadership Changes - Elliott Management's entry coincides with the upcoming departure of CEO Calvin McDonald, with Jane Nielsen being backed as a potential successor [5]. - Nielsen's experience in retail and focus on maintaining premium margins is seen as crucial for Lululemon's competitive strategy against cheaper rivals [5]. - The leadership change is expected to create a "leadership premium" for the stock, potentially driving further gains [7]. Group 3: Strategic Outlook - The company is expected to shift focus towards "product-first" innovation and reduce tariff exposure, which may aid in margin recovery [7]. - Institutional sentiment is turning bullish, suggesting a potential "short squeeze" as more investors align with the positive outlook for Lululemon [7].

Core Insights - Legendary investor Michael Burry sold his significant position in GameStop Corp. just weeks before the stock's historic rally in January 2021, missing a potential $1 billion profit [1][3]. Group 1: Investment Decisions - Burry's Scion Asset Management held approximately 3 million shares of GameStop with an average cost basis of about $3.32 (pre-split) but exited the position in the fourth quarter of 2020 as the stock reached the mid-teens [3]. - The decision to sell was influenced by skepticism regarding activist investor Ryan Cohen's plans, which Burry deemed to have "execution risk" [3]. - Burry preferred the immediate returns from share buybacks over uncertain digital transformation strategies and faced client withdrawals, prompting the exit [3]. Group 2: Market Dynamics - Burry described the GameStop event as the only "legal market corner" he has ever witnessed, where retail traders executed a "gamma squeeze" by buying large volumes of call options, forcing market makers to buy the underlying stock [4]. - He dismissed the theory that "naked short selling" was the main cause of the volatility, arguing that it was the breakdown of standard synthetic positions that led to panic unwinding by legal short sellers [5]. Group 3: Historical Context - The strategy applied to GameStop was similar to Burry's 2001 investment in Avanti, where he bought undervalued companies, but he admitted to being "blinded" by traditional valuation metrics and failed to anticipate the retail frenzy that transformed GameStop into a global phenomenon [6]. Group 4: Current Performance - GameStop shares have declined 27.95% year-to-date and 24.97% over the past year, with a recent closing price of $22.09, reflecting a 4.05% increase on Monday but a 0.32% decrease in premarket trading on Tuesday [7]. - Benzinga's Edge Stock Rankings indicate that GameStop maintains a weaker price trend across short, medium, and long terms, despite a solid growth ranking [7].

Investment Moves - Michael Burry's Scion Asset Management made significant portfolio adjustments in Q1 2024, including selling stakes in Amazon and Alphabet while increasing holdings in Chinese companies JD.com and Alibaba [2] - Burry purchased 440,729 shares of Sprott Physical Gold Trust, valued at $7.6 million, making it the fifth-largest position in his portfolio [3] Gold Market Insights - Gold prices have surged, surpassing $4,000 USD per ounce in October 2025, prompting questions about potential further upside [4] - Historically, gold tends to outperform during economic turmoil, making it an attractive alternative asset class for investors seeking defensiveness in their portfolios [4] Investment Strategies in Gold - Investors can gain exposure to gold through various methods, including purchasing physical gold coins or bars, though this comes with storage and insurance costs [5] - Investing in gold mining stocks or companies involved in precious metals can provide leverage to rising gold prices, but also carries more downside risk due to the nature of their revenue and cost structures [6]

Core Viewpoint - Michael Burry, a prominent money manager, holds significant positions in Fannie Mae and Freddie Mac common stock, believing that a re-listing of these housing-finance giants is imminent [1][2]. Company Insights - Burry has expressed a bullish outlook on Fannie Mae and Freddie Mac, citing political and regulatory challenges that must be addressed for a public offering to take place [1][4]. - He personally owns substantial amounts of both companies' common stock and is analyzing the political dynamics and potential valuation in a future sale [3]. - Shares of Fannie Mae and Freddie Mac have seen notable gains, with Fannie Mae rising 3.9% and Freddie Mac climbing 3.1% recently, contributing to over a 15% increase in value this month [3]. Regulatory Considerations - For a public offering to occur, Burry argues that regulators need to relax capital requirements, convert certain preferred shares into common stock, and reduce the government's claim on the companies, as the current claims render common shares "worthless" [4]. - Burry acknowledges that significant challenges remain before an IPO can be realized for both companies [4].

智通财经APP获悉，电影《大空头》原型人物迈克尔·伯里(Michael Burry)表示，他持有大量房利美和房 地美公司的普通股，并认为这两家美国住房融资巨头的重新上市"即将发生"。 在周一的一篇 6000 字的博客文章中，伯里阐述了他为何现在看好这些政府资助企业的原因、目前仍阻 碍其上市进程的政治和监管障碍，以及他认为华盛顿方面必须采取的措施，以便这两家企业能够在华尔 街重获生机。 周一，房利美公司的股票上涨了 2%，而房地美公司的股票则上涨了 2.4%，这两家公司都是通过场外交 易进行交易的，容易出现大幅波动，自 11 月底以来，它们的股价已上涨了约 12%。 伯里因在 2008 年金融危机前就预测到美国房地产市场的崩溃而声名远扬。在这篇帖子中，他分享了自 己多年前的一份旧笔记的节选内容，其中他将房地美称为"Frauddie Mac"(骗地美)，并表示在该公司崩 溃前的几年里，他购买了该公司的五年期信用违约互换合约，这导致了政府对其进行托管。虽然一些投 资者曾将房利美和房地美的股票持有了十多年，但伯里表示，他是在去年特朗普当选总统之后才开始看 好这些股票的。 伯里在帖子中写道："我个人持有大量房利美和房地 ...

智通财经APP获悉，电影《大空头》原型人物迈克尔·伯里(Michael Burry)表示，他持有大量房利美和房 地美公司的普通股，并认为这两家美国住房融资巨头的重新上市"即将发生"。 在周一的一篇 6000 字的博客文章中，伯里阐述了他为何现在看好这些政府资助企业的原因、目前仍阻 碍其上市进程的政治和监管障碍，以及他认为华盛顿方面必须采取的措施，以便这两家企业能够在华尔 街重获生机。 就在他发表此番言论不到一个月前，亿万富翁投资者、长期持有房利美和房地美股份的对冲大佬比尔· 阿克曼曾在社交媒体上公布了一项提案，该提案提议让房利美和房地美在纽约证券交易所重新上市。 伯里认为，若要实现公开上市，监管机构需要降低房利美和房地美的资本要求，将某些优先股转换为普 通股，并减少政府对这两家公司的债权，他还警告称，若不这样做，这两家公司的普通股将"毫无价 值"。 不过，他指出："对于这两家公司而言，要实现首次公开募股(IPO)，仍有一段最后的陡峭、蜿蜒且布满 岩石的攀登之路要走。" 伯里旗下资产管理公司Scion Asset Management上个月已注销了在美国证券交易委员会的注册资格，这 可能意味着他正在关闭自己的对 ...

Michael Burry explains why he stopped running his hedge fund. - MarketWatch photo illustration/Getty Images Michael Burry has been opening up to the world after he stopped running money for Scion Asset Management, with a more active social-media presence and a new Substack, and he just had an interview with the person who made him famous in the first place: Michael Lewis, author of “The Big Short.” In the “Against the Rules” podcast, Burry explained why he deregistered his hedge fund last month. Most Rea ...