Michael Burry’s Portfolio: New Moves and Intriguing Signals
One of the most renowned investors, Michael Burry, famously known for his accurate bets during the 2008 financial crisis, is back making waves with his recent stock market moves. As the founder of Scion Asset Management, Burry’s updates have drawn significant attention following the hedge fund’s latest 13F filing on November 3. Let’s dive into the highlights of his investment strategy, including critical shifts and his cautious stance on the artificial intelligence (AI) market.
Burry Takes a Bearish Stance on Nvidia and Palantir
In a surprising twist, Burry acquired five million put options on Palantir (NASDAQ: PLTR), valued at approximately $912 million. Similarly, his hedge fund purchased one million put options on Nvidia (NASDAQ: NVDA), worth around $186 million. Combined, these positions now constitute 80% of Scion’s $1.38 billion portfolio. This striking move indicates a notably bearish stance on two tech front-runners that have benefited from the explosive growth of AI-related technologies.
Noteworthy Long-side Adjustments
Besides his strong bearish bets, Burry also adjusted his long positions. Among the highlights:
- Scion added 50,000 shares of Lululemon (NASDAQ: LULU), valued at $17.8 million.
- The manager initiated a 125,000-share position in Molina Healthcare (NYSE: MOH), worth approximately $23.9 million.
- He purchased six million call options on Pfizer (NYSE: PFE), exceeding $152 million.
- A new 2.5 million call option on Halliburton (NYSE: HAL) was acquired at an estimated $61 million.
- 480,000 shares of SLM (NASDAQ: SLM) were bought, totaling $13.2 million.
Exits and Skepticism Toward AI
Interestingly, Burry has completely exited longstanding positions in companies such as Estée Lauder (NYSE: EL) and MercadoLibre (NASDAQ: MELI), signaling a potential recalibration of his portfolio toward a more cautious, strategic direction.
On November 3, Burry posted a cryptic message on X (formerly Twitter), questioning the current hype around AI stocks. Backed by charts and historical data, he implied that the market might be experiencing an AI bubble resembling the Dot-com era.
“These aren’t the charts you are looking for. You can go about your business.”
Is the AI Market Overheating?
Burry’s remarks come at a time when companies like Nvidia and Palantir are reaping gains from their involvement in AI technology. Nvidia, for example, has been pivotal in the development of chips tailored for AI functions, while Palantir reported a 63% YoY revenue increase in Q3 2025. However, Burry seems to believe that soaring capital expenditures in AI could be unsustainable, drawing parallels to the speculative market landscape of the early 2000s.
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Conclusion
Michael Burry’s recent moves showcase a mix of skepticism and strategy, with his bearish bets on AI stocks standing out. While his outlook warns of potential risks, his long-position adjustments suggest confidence in select, high-performing sectors like healthcare and consumer goods. Whether you agree or not, it’s clear that Burry’s perspective remains vital for understanding market trends.
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