Big bear Michael Burry updates positions: clear Tesla, applied materials bears, reduce shorting in the semiconductor sector and increase bearish bets on the NASDAQ

In comparison, Michael Burry, the prototype of the big short, revealed his latest positions. His long positions are mainly concentrated in Adobe, MercadoLibre, Zoetis, JD, etc., with single positions accounting for about 8%; orders such as Lululemon, PayPal, Veeva, Flutter, Molina Healthcare, and HCA Healthcare only account for about 7%. Fannie Mae, Freddie Mac, and Sprouts alone account for about 5%.

On the bearish side, Burry currently holds short positions such as iShares Semiconductor ETF (SOXX), Micron Technology, Nebius, Nvidia, Oracle, Palantir, and Caterpillar on a large to small scale, while also holding Invesco QQQ Trust put options (about 6% of the portfolio).

In terms of position adjustment, Burry has completely eliminated Tesla and Applied Materials shorts, and claimed that both trades were profitable; at the same time, he sold all SOXX put options and instead established a larger QQQ put option position. Additionally, he reduced his Caterpillar short holdings, increased Micron's short holdings, and raised his cash share to 12%.

According to the adjustments disclosed by it, its shorting focus has reduced its bet on a simple decline in the semiconductor sector compared to the previous one, and has instead increased its bet on the decline of the entire Nasdaq market.