TLDR
- Michael Burry sold his December 2026 put options on Nvidia and Palantir without rolling them into new positions
- He said he “pulled in risk” in September and is happy to sit on cash while watching markets this fall
- Lululemon, Molina Healthcare, and MercadoLibre remain his three largest long positions
- Oracle, Palantir, and Nebius remain his three largest short positions, followed by Nvidia and the iShares Semiconductor ETF
- Burry trimmed all positions across his portfolio but said the ranking order of his holdings has not changed
Michael Burry, the investor best known for predicting the 2008 housing market collapse, said on Wednesday he is pulling back on risk across his entire portfolio.
🚨 MICHAEL BURRY IS CUTTING RISK ACROSS HIS ENTIRE PORTFOLIO
"Big Short" investor Michael Burry is pulling back on risk across his entire portfolio and raising cash ahead of what he expects to be an "interesting" fall market.
Burry trimmed every position and completely sold his… pic.twitter.com/DLdf358Jdp
— Bull Theory (@BullTheoryio) September 10, 2026
Burry wrote in a Substack post that he “pulled in risk” in September. He said he now has cash that he is “happy to sit on” while watching how markets develop this fall.
He added: “This will be an interesting market this fall.”
Burry Exits December 2026 Puts on Nvidia and Palantir
Burry sold his December 2026 put options on Nvidia and Palantir entirely. He said he made the move to avoid rapid time-based decay on those contracts.
He did not roll the positions into later-dated contracts. This means he no longer holds those specific bearish bets.
However, this is not a full reversal of his bearish stance. Burry still holds 2027 puts on Palantir and the Invesco QQQ Trust Series 1 ETF.
He also remains short several technology, semiconductor, and AI-related companies.
Following the news, Palantir stock edged 0.2% lower in morning trade. Nvidia stock dropped 0.5%.
On Stocktwits, retail sentiment around Palantir remained in bearish territory. Sentiment around Nvidia moved to bearish from neutral.
Long and Short Positions Remain Largely Unchanged
Burry trimmed his long positions but said the basic order of his holdings by size has not changed.
Lululemon remains his largest long position, which he called a “fat pitch” last week. Molina Healthcare and MercadoLibre follow in second and third place.
His full long list also includes Zoetis, Sprouts Farmers Market, JD.com, Adobe, PayPal, Fiserv, Flutter Entertainment, Fannie Mae, Freddie Mac, Veeva Systems, and Build-A-Bear Workshop.
On the short side, Oracle remains his largest short position. Palantir and Nebius Group follow. Nvidia and the iShares Semiconductor ETF round out the top five shorts.
His short book also includes Micron Technology, Caterpillar, and CoreWeave.
Burry trimmed across these short positions as well but did not fully exit or rearrange their rankings.
He also said he is watching the Dollar Spot Index fall again and plans to address the currency market in a future post.
Burry’s latest moves come as markets head into what he described as an “interesting” fall season, with the investor choosing to reduce exposure rather than add new positions at this time.
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