Famed “Big Short” investor Michael Burry has significantly reshuffled his portfolio, doubling down on bearish bets across several high-profile technology and semiconductor names.
Burry disclosed the changes through comments published on his Substack, revealing increased short exposure to multiple companies and sectors that have dominated market conversations in 2026.
He expanded his short position in Nvidia (NASDAQ: NVDA), which has gained approximately 9% so far this year, making the trade a closely watched contrarian bet.
Burry also increased bearish exposure to Micron Technology (NASDAQ: MU), a bold move given that Micron shares have surged nearly 192% year to date.
Beyond individual stocks, Burry added to short positions in Caterpillar (NYSE: CAT) and the iShares Semiconductor ETF (SOXX), broadening his bearish stance across the semiconductor industry.
He noted that his SOXX holding, combined with related put options, now represents a substantial position within his overall portfolio.
Despite the significant moves, Burry chose to leave his existing short positions in Tesla (NASDAQ: TSLA) and Palantir Technologies (NASDAQ: PLTR) entirely unchanged.
Tesla, Palantir, and DraftKings have each declined roughly 30%, 31%, and 33%, respectively, so far this year, suggesting those existing shorts have been working in his favor.
On the long side, Burry expanded investments in Flutter Entertainment (NYSE: FLUT) and DraftKings (NASDAQ: DKNG), signaling selective optimism even as he maintains an overall bearish tilt.
The portfolio moves paint a picture of a deeply skeptical investor who sees significant downside risk concentrated in semiconductor and technology-adjacent sectors.
Burry rose to global prominence after correctly predicting and profiting from the collapse of the U.S. housing market ahead of the 2008 financial crisis, a story later dramatized in the film “The Big Short.”
His latest disclosures are likely to draw intense scrutiny from retail and institutional investors alike, given his track record of identifying major market dislocations before they become widely recognized.
