At long last, the Mets received a solid start. It didn’t matter. Whatever can go wrong for this team will go wrong.
Day: August 14, 2025
Anna Giaritelli, a homeland security reporter with the Washington Examiner, detailed the heinous, broad-daylight assault against her, as well as the response from the Metropolitan Police Department and the court system, in a dramatic op-ed – which comes days after President Trump announced a sweeping crime crackdown in Washington, DC.
Since its launch in January, Prabowo Subianto’s signature policy has been marred by mass food poisoning cases affecting over 1,000 people
More than 360 people fell ill in the Indonesian town of Sragen in Central Java after consuming school lunches, according to officials, in the largest food poisoning case to hit president Prabowo Subianto’s flagship free meals programme to date.
Since its launch in January, the free school meals programme has been marred by mass food poisoning cases across the archipelago, affecting over 1,000 people.
Astrid Stawiarz/Getty Images
- Michael Burry warmed to stocks last quarter, switching out bearish put options for bullish calls.
- The “Big Short” investor bet on the likes of Meta, Alibaba, and UnitedHealth.
- Burry’s Scion fund owned calls on nine stocks worth a notional $522 million at the end of June.
Michael Burry bet big on stocks in the second quarter, swapping out bearish put options for bullish call options and adding several fresh holdings to his portfolio.
The investor of “The Big Short” fame revealed in a quarterly filing on Thursday that he purchased calls on Alibaba, ASML, JD.com, Estee Lauder, Lululemon, Meta, Regeneron, UnitedHealth, and VF last quarter.
Burry’s Scion Asset Management also built direct stakes in Bruker, Lululemon, Regeneron, UnitedHealth, and MercadoLibre, while cutting his direct wager on Estee Lauder from 200,000 shares to 150,000.
The UnitedHealth wager is notable as Warren Buffett, one of Burry’s key influences, also invested in the health insurer last quarter via his Berkshire Hathaway conglomerate.
Call options give investors the right to buy a certain number of a company’s shares at a fixed price within a set period, allowing them to lock in a purchase price that may be lower than the market price. Similarly, investors can use put options to lock in a selling price, allowing them to profit from if the stock price declines.
Scion is known for making big changes to its portfolio between quarters, but this was a particularly striking overhaul. At the end of March, it owned puts on Alibaba, Baidu, JD.com, Nvidia, PDD, and Trip.com worth a notional $186 million, plus a roughly $13 million stake in Estee Lauder. Three months later, it held calls on nine stocks worth a notional $522 million, and a further six direct stakes valued at $56 million.
It’s worth underscoring that Burry may have rejigged his stock bets in recent weeks, and his disclosures may not paint a full picture of his investment strategy.
Quarterly portfolio updates known as 13Fs only provide a snapshot of a firm’s holdings with a six-week lag and exclude shares sold short as well as investments in private companies, foreign-listed assets, and non-stock assets such as bonds and real estate.
Burry shot to fame after predicting and profiting from the collapse of the mid-2000s US housing bubble — a wager that was immortalized in “The Big Short” book and movie adaptation. He’s also known for making grave predictions of market crashes and recessions, investing in GameStop before it became a meme stock, and betting against popular assets such as Tesla, Apple, Nvidia, and the entire S&P 500 index.
Read the original article on Business Insider
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