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Michael Burry just sold everything and initiated major short positions. Is 'The Big Short' happening all over again? I don't think so. The story is more complex than that. Here's why.

The Estée Lauder Companies Inc. (NYSE:EL ) Company Conference Presentation Transcript June 3, 2025 3:15 AM ET Company Participants Stéphane de La Faverie - President and Chief Executive Officer Roberto Canevari - Executive Vice President, Chief Value Chain Officer Conference Call Participants Stephen Powers - Deutsche Bank Stephen Powers Good morning and welcome everybody. Thanks for joining us.

A new executive hire at Estée Lauder Companies (EL 3.73%) was the main news item driving the company's stock higher on the penultimate trading day of the week. Thursday saw the storied cosmetics maker's share price rise by over 3%, a figure that was more than high enough to beat the S&P 500 index's 0.3% increase.

NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) today announced the appointment of Lisa Sequino as the new President, Makeup Brand Cluster, responsible for leading the strategic direction and global growth of makeup, and overseeing the company's portfolio of makeup brands, including M·A·C, Bobbi Brown, Too Faced, Smashbox and GLAMGLOW. Ms. Sequino will report to Jane Hertzmark Hudis, Executive Vice President, Chief Brand Officer and will be effective in the role as of June.

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NEW YORK--(BUSINESS WIRE)--Stéphane de La Faverie, President and Chief Executive Officer, and Roberto Canevari, Executive Vice President, Chief Value Chain Officer, of The Estée Lauder Companies Inc. (NYSE: EL) will participate in the dbAccess Global Consumer Conference 2025 in Paris Tuesday, June 3, 2025, at 09:15 a.m. CEST. Interested parties can access the live webcast of the fireside chat on Tuesday, June 3rd from 09:15 a.m. – 09:55 a.m. CEST at http://www.elcompanies.com/investors. The web.

Legendary investor Michael Burry is known for making big bets. In fact, he became famous for being one of the first investors to recognize the 2008 subprime mortgage crisis, and he bet heavily against the housing market by buying credit default swaps on subprime mortgage-backed securities.

The quarterly 13F filing season is a goldmine for investors looking to uncover what some of the world's top hedge funds and institutional managers are buying and selling. Filed with the SEC within 45 days after each quarter's end, these disclosures provide a glimpse into the minds of elite investors managing more than $100 million, including big names like Warren Buffett, David Tepper, and Stanley Druckenmiller.

Michael Burry is a hedge fund manager renowned for founding Scion Capital and predicting the 2008 subprime mortgage crisis. His foresight, detailed in Michael Lewis’s The Big Short, which was made into an Oscar-winning film, earned him $100 million personally and $700 million for investors by shorting mortgage-backed securities. Burry’s contrarian approach, rooted in meticulous research and value investing inspired by Benjamin Graham, also sparked the GameStop (NYSE:GME) meme stock frenzy in 2021 through early investments. Known for spotting market bubbles, he has warned of risks in passive investing and inflation. His renamed Scion Asset Management hedge fund just filed its latest quarterly report, and Burry made headlines again because he sold 12 of the 13 stocks in his $77.4 million portfolio, including stakes in Alibaba (NYSE:BABA) and Molina Healthcare (NYSE:MOH). More to the point, Burry is once again aggressively shorting the market. 24/7 Wall St. Insights: Michael Burry run

Burry's firm now owns 200,000 shares of Estee valued at $13.2 million.