Michael Burry's Latest Portfolio Adjustment: Lululemon Becomes the Largest Holding with Over 21% Short Position

On September 9, Michael Burry disclosed his latest portfolio adjustments through his Substack account, revealing that Lululemon has become his largest long position, accounting for 17.4% of his portfolio, while MercadoLibre makes up 12%. The second tier includes Molina Healthcare and Temple & Webster, each at 9%. Additionally, Burry holds long positions in Adobe, Zoetis, JD.com, HCA Healthcare, Flutter, Fannie Mae, Freddie Mac, Sprouts, PayPal, Veeva, Birkenstock, Build-A-Bear, and Nvidia, with Nvidia also being used for hedging. In terms of short positions, Burry's short holdings include iShares Semiconductor ETF, Micron, Nebius, CoreWeave, Oracle, Palantir, Nvidia, Caterpillar, and Invesco QQQ Trust, with the QQQ put options accounting for about 6% of his portfolio. Overall, his short positions now exceed 21% of the portfolio, not including the put options, indicating that he continues to bet on some technology and AI-related assets facing valuation pressure. Furthermore, Burry has completely exited his short positions in Tesla and Applied Materials, both closed with profits, and sold all SOXX put options, converting those positions into larger QQQ put options. Following the latest adjustments, Lululemon has risen to the largest position after increasing its stake, with the overall portfolio showing a clear divergence of "bullish on some consumer and healthcare stocks, bearish on certain technology and AI assets."

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