Michael Burry, the hedge fund manager made famous by his contrarian bets during the 2008 financial crisis and portrayed in The Big Short, has taken an unorthodox approach to 2025.
According to his latest 13F filing for Q1 2025, Burry’s Scion Asset Management has fully liquidated nearly all its previous positions and is now concentrated in just one holding: Estée Lauder Companies Inc. (NYSE: EL).
As of March 31, 2025, Burry held 200,000 shares of Estée Lauder at a reported purchase price of $66.00 per share, totaling $13.2 million. With EL shares now trading at $89.74, his position is up 35.97% since the purchase, adding roughly $4.7 million in unrealized gains.
This marks a sharp pivot for Burry, who is known for his broad and often complex portfolio allocations by betting entirely on a single stock.
Estée Lauder has rebounded significantly from its 52-week low of $48.12, though it remains below its 52-week high of $101.93.
The company has been focused on restructuring efforts, expanding its global footprint, and regaining momentum in the luxury beauty market after a challenging period.
