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Michael Burry’s Investment Moves
Michael Burry’s Scion Asset Management made significant investments in Q3 2025, specifically purchasing 5 million put options on Palantir Technologies (NASDAQ: PLTR) valued at $912 million, and 1 million put options on Nvidia (NASDAQ: NVDA) worth $186.5 million. Burry also bought 100,000 shares of Lululemon Athletica (NASDAQ: LULU), totaling approximately $18 million, despite the stock’s decline of 54% this year.
During the earnings call for Q2 FY 2025, Lululemon forecasted a $240 million impact on gross margin due to new tariffs and reported flat earnings of $5.70 per share. Investors may be cautious about Burry’s Lululemon acquisition strategy, viewing it either as a potential short-term trade or a calculated risk amidst the company’s struggling U.S. market performance.
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