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Legendary investor Michael Burry is back in the headlines for many reasons, but also for boosting his new position in Lululemon (LULU). According to Scion Asset Management’s Q3 13F filing, Burry doubled his stake in LULU from 50,000 shares to 100,000 shares, lifting the reported position value from about $11.9 million to $17.8 million, roughly a 50% increase, in the period ended Sept. 30.
This move comes as Lululemon’s stock has plunged about 58% in 2025, driven by soft U.S. sales and higher import tariffs. Notably, Lululemon’s international growth remains strong, and the company even announced a new NFL team apparel partnership late in the year, factors that may offset some domestic weakness.
