Legendary investor Michael Burry disclosed a fresh round of portfolio moves, expanding bearish positions in AI and semiconductor stocks while building out select long holdings.
Burry, widely known for his role in “The Big Short,” confirmed in a Substack post that he made no sells, adding only to existing long and short positions across several names.
He increased his stakes in DraftKings (NASDAQ: DKNG), Flutter (NYSE: FLUT), Zoetis (NYSE: ZTS), and Lululemon (NASDAQ: LULU), while leaving his Tesla and Palantir positions unchanged.
On the bearish side, Burry added to his Nvidia (NASDAQ: NVDA) December 18, 2026, puts in the “low 100s strike range,” while increasing his short position in Micron (NASDAQ: MU) at around $880.
He also added to his SOXX short position at around $506 and expanded his QQQ January 15, 2027, puts in the “high 500s strike range.”
Burry added to DraftKings around $23.40, noting that DKNG, along with Flutter, represents a “larger position” in his current portfolio.
He added to Zoetis around $76, describing it as a “full position,” and increased his Lululemon stake around $118, also calling it a full position.
“Like the two above, this is a basing/consolidation after a long fall,” Burry wrote, referring to his Lululemon position.
Burry said the moves represent a “turnover into stronger hands” and described the three long buys as “rather de-risked at these prices,” particularly for long-term holders.
Retail sentiment on Stocktwits was mixed across the names Burry highlighted, with MU and NVDA drawing “bullish” sentiment with “high” message volume, while DKNG saw “bearish” sentiment and LULU attracted “neutral” sentiment.
The stocks themselves have delivered sharply divergent performances so far in 2026, with MU shares surging 212% year-to-date and NVDA gaining 3.9%, while DKNG has fallen nearly 32% and LULU is down 43% over the same period.
Burry’s expanding semiconductor short positions signal continued skepticism toward AI-driven valuations, even as retail investors remain broadly bullish on names like Nvidia and Micron.
