Hedge fund manager and investor Michael Burry, known for predicting the 2008 financial crash, has updated his portfolio with several notable positions, according to updates discussed on his Substack on September 4.
Lululemon Athletica (NASDAQ: LULU) has become Burry's largest position, accounting for roughly 17% of his portfolio. Burry referred to the stock as ‘the trickster,’ noting that it seemed determined to take him where mermaids fear to tread. Following the publication of his post, the stock tumbled and was down 12% on the five-day chart by September 9 after releasing disappointing quarterly results.
Following Lululemon, MercadoLibre (NASDAQ: MELI) accounts for 12% of Burry's portfolio. Molina Healthcare (NYSE: MOH) and Temple & Webster (ASX: TPW) represent smaller holdings at approximately 9% each.
Long and Short Positions
Burry also holds long positions in companies including Adobe (NASDAQ: ADBE), Zoetis (NYSE: ZTS), HCA Healthcare (NYSE: HCA), PayPal (NASDAQ: PYPL), Birkenstock (NYSE: BIRK), and Nvidia (NASDAQ: NVDA), though his Nvidia stake is hedged.
On the short side, his largest positions include Micron (NASDAQ: MU), Nebius (NASDAQ: NBIS), CoreWeave (NASDAQ: CRWV), Oracle (NYSE: ORCL), and Palantir (NASDAQ: PLTR). Burry's short book has grown to more than 21% of the portfolio, which does not include a put position in the Invesco QQQ Trust, Series 1 (NASDAQ: QQQ).
During the latest portfolio reshuffling, Burry also closed several bearish bets by covering his short positions in Tesla (NASDAQ: TSLA) and Applied Materials (NASDAQ: AMAT). The overall portfolio changes reflect a continued preference for selectively owning individual companies while maintaining significant downside exposure across parts of the technology and broader equity markets.
