BlockBeats reported that Michael Burry, the figure associated with the inspiration for “The Big Short,” disclosed his latest portfolio changes through his Substack account on Sept. 9. After increasing the position, Lululemon became his largest long holding, accounting for 17.4% of the portfolio. MercadoLibre was the second-largest position at 12%.
Consumer and healthcare names among the long positions
The next tier of Burry’s long positions consisted of Molina Healthcare and Temple & Webster, each with a 9% weighting. His other long positions included Adobe, Zoetis, JD.com, HCA Healthcare, Flutter, Fannie Mae, Freddie Mac, Sprouts, PayPal, Veeva, Birkenstock, Build-A-Bear and Nvidia. Nvidia was also used as a hedge.
Short exposure exceeds 21%
Ranked by position size, Burry’s short positions included the iShares Semiconductor ETF, Micron, Nebius, CoreWeave, Oracle, Palantir, Nvidia, Caterpillar and the Invesco QQQ Trust. His QQQ put position accounted for about 6% of the portfolio.
Excluding the put position, total short exposure had risen above 21% of the portfolio. The disclosed positioning shows that Burry continues to bet on valuation pressure across some technology and artificial intelligence-related assets.
Tesla and Applied Materials shorts closed
Burry has fully exited his short positions in Tesla and Applied Materials, closing both trades at a profit. He also sold all of his SOXX puts and shifted the related exposure into larger QQQ put positions.
After the latest changes, Lululemon became his largest holding. The portfolio remains divided between long exposure to selected consumer and healthcare stocks and short exposure to selected technology and AI-related assets.