Michael Burry Discloses New Longs in Ero Copper and QXO While Holding Short Positions Intact

Scion Asset Management founder Michael Burry revealed new equity stakes and position adjustments while explicitly confirming that his broader bearish bets remain active, stating that "neither shorts covered nor puts sold."
Key portfolio disclosures and positioning details include:
• New Long Initiations: Established fresh long positions in base metals producer Ero Copper ($ERO) and Brad Jacobs-led building products distribution roll-up QXO ($QXO).
• Position Expansions: Scaled up existing stakes in Australian online furniture retailer Temple & Webster ($TPW / $TWWIF), organic grocer Sprouts Farmers Market ($SFM), and animal health leader Zoetis ($ZTS).
• Hedging & Bearish Bets Retained: Clarified that despite initiating targeted idiosyncratic longs, Scion has not trimmed put options or closed short exposure, maintaining downside protection against broader equity valuations.
• Sector Rotation: The selective buying reflects an ongoing tilt toward specialty agriculture/grocers, niche industrials, and physical resources alongside existing hedges against high-multiple market leaders.