Michael Burry Goes Bearish, $CBZ Investment Case, $PRCH Insider Sale, $UNH Uncertainty, and More
Welcome back to the BBAE Blog, your trusted source for the latest investment insights and analyses from the BBAE team. This week, we’re excited to share some highlights that will keep you informed and ahead of the market. Don’t forget, some of our most valuable insights are available exclusively in the BBAE Pro app—download it now to unlock full access!
- Michael Burry – Portfolio Update – Q1 2025
- Headwaters Capital Management: CBIZ Inc. ($CBZ) Investment Case
- Porch Group ($PRCH) COO Sells Amid 68% Stock Surge
- Trending Tickers: $ACHR Gains on Strategic Progress, $GM Hires Ex-Tesla Exec, $UNH Faces Turmoil
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Michael Burry – Portfolio Update – Q1 2025
Michael Burry’s Q1 2025 13F filing reveals a sweeping overhaul of his portfolio strategy—exiting nearly all long positions, opening over $170 million in put options (including $98M against Nvidia), and keeping just one stock: Estée Lauder ($EL), where he doubled his stake. He also reversed course on Chinese tech, dumping former holdings like $BABA and $JD while initiating bearish bets against them. These moves were made before the market turmoil triggered by Trump’s “Liberation Day” tariffs, leaving investors eager to see how Burry navigated the crash. Read the full article here.
Headwaters Capital Management: CBIZ Inc. ($CBZ) Investment Case
In their Q1 2025 investor letter, Headwaters Capital Management highlights their new investment in CBIZ Inc. ($CBZ), a provider of accounting, tax and advisory services to small and midsize businesses. The position was strategically funded by partially selling their successful Brown and Brown (BRO) holding, which had delivered a +170% gain and reached peak valuation. Headwaters sees CBIZ as sharing many characteristics with BRO from four years ago – providing essential services with high customer retention, consistent organic growth potential, and significant M&A opportunities. The firm capitalized on a temporary valuation dislocation following a soft earnings report and broader market weakness, with management discussions increasing their conviction about expense synergies from the recent Marcum acquisition. Read the full article here.
Porch Group ($PRCH) COO Sells Amid 68% Stock Surge
COO Matthew Neagle sold 250,000 shares of Porch Group at $10.23 each, totaling $2.56 million. The transaction reduced his vested holdings by 17.3% and marks his largest sale out of 26 recorded, according to InsiderEdge. The timing follows a sharp 68% spike in $PRCH stock on May 7, 2025, after the company reported an unexpected profit and raised its full-year outlook. It’s a dramatic turnaround for the stock, which had traded below $1 just two years ago. You can track insider activity like this daily with InsiderEdge, available in the BBAE app.
Trending Tickers: $ACHR Gains on Strategic Progress, $GM Hires Ex-Tesla Exec, $UNH Faces Turmoil
This week, several companies made headlines due to strategic developments and high-profile events. Here’s a breakdown:
- Archer Aviation ($ACHR): Archer reported progress toward its commercial launch in the UAE, announced new airline partnerships, and expanded its collaboration with Palantir on AI-driven aviation systems. The company also highlighted plans for short-range air taxi services in New York in partnership with United Airlines.
- General Motors ($GM): GM appointed Sterling Anderson, a former Tesla and Aurora executive, as its new chief product officer. The move signals GM’s intent to accelerate product development and deepen its integration of hardware and software in both gas and electric vehicles.
- UnitedHealth Group ($UNH): UnitedHealth faced a leadership shakeup with CEO Andrew Witty stepping down, citing personal reasons. The company also withdrew its 2025 financial guidance and responded to a Wall Street Journal report of a potential DOJ investigation, adding to investor uncertainty amid rising healthcare costs and ongoing Medicare Advantage scrutiny.
Read the full Weekly Highlights article here.
This article is for informational purposes only and is neither investment advice nor a solicitation to buy or sell securities. All investment involves inherent risks, including the total loss of principal, and past performance is not a guarantee of future results. Always conduct thorough research or consult with a financial expert before making any investment decisions. BBAE has no position in any investment mentioned.
