Michael Burry, known for his past predictions of market downturns, has significantly altered his investment strategy by liquidating nearly his entire stock portfolio during the first quarter. According to recent 13F filings, Burry's Scion Asset Management sold all its holdings except for a doubled stake in Estée Lauder Companies Inc. (NYSE: $EL), now holding 200,000 shares valued at $13.2 million. Simultaneously, Burry has taken a bearish stance on several sectors, notably opening a large short position against Nvidia Corporation (NVDA) through put options. This move comes as Nvidia's stock experienced a slight decline of 0.38%. Additionally, Burry has turned bearish on Chinese stocks, including Alibaba Group Holding (BABA), Baidu Inc (BIDU), and JD.com Inc (JD), amid escalating trade tensions. The timing of these portfolio changes is significant, as they were made before an April downturn in the market. This suggests that Burry's positions might have evolved further since the reporting period ended on March 31. His strategic shift reflects a broader concern about potential economic downturns and specific sectors' vulnerabilities. Furthermore, Estée Lauder's new CEO is steering the company through a transformation to overcome weak demand in key markets such as North America and China.