Michael Burry, 'The Big Short' investor, disclosed an updated list of portfolio moves on Substack on Friday, expanding his bearish bets on semiconductor-related stocks while increasing exposure to sports betting companies. Burry added to short positions in Micron Technology Inc. at $933.86 and Nvidia Corp. at $210.28, citing concerns that much of current and future demand is financed off-balance sheet in circular arrangements, according to the 2026 BIS annual report. The update also showed Burry maintaining existing short positions in Tesla Inc. and Palantir Technologies Inc. while purchasing Flutter Entertainment at $100.72 and DraftKings Inc. at $23.07.
Burry Expands Semiconductor Shorts Across MU, NVDA, CAT, SOXX
Burry stated in a Substack post that he "sold short" more shares of Micron Technology Inc. at $933.86 and added to his Nvidia Corp. short at $210.28. He said he continues to hold Nvidia puts "in good size," adding that he believes much of the current and future demand is not being driven by end customers. According to Burry, much of the demand is financed off-balance sheet and not disclosed, with future revenues "majority financed in a circular arrangement," citing the 2026 BIS annual report.
Burry also "sold short more" Caterpillar Inc. at $893.49 and added to his short position in the iShares Semiconductor ETF at $535.83. He said the SOXX position, together with his puts, represents a large position.
Burry Adds Flutter and DraftKings to Long Holdings
On the long side, Burry said he bought a "decent amount" of Flutter Entertainment at $100.72 and also purchased DraftKings Inc. at $23.07. "Added together as a play against prediction markets, FLUT and DKNG make for one of my larger positions," Burry wrote in his Substack post. Burry also added to his long position in Molina Healthcare Inc. at $197.02.
Burry Maintains Short Positions in TSLA, PLTR, QQQ
Burry said he has not covered his short position in Tesla Inc., adding that it "gets smaller all on its own." He also stated that he remains bearish on the broader technology sector, saying he continues to hold put options on the Invesco QQQ Trust. In addition, Burry is maintaining his short position in Palantir Technologies Inc., leaving all three bearish bets unchanged.
Retail Sentiment and Year-to-Date Stock Performance
On Stocktwits, retail sentiment toward MU and PLTR was 'bearish,' with 'low' message volume for both stocks. NVDA attracted 'neutral' sentiment and 'normal' message volume, while DKNG also drew 'bearish' sentiment with 'normal' message volume. TSLA, meanwhile, saw 'neutral' sentiment alongside 'high' message volume.
The stocks have delivered mixed performances this year. MU shares have rallied nearly 229% year-to-date, while NVDA stock has gained 10.19%. DKNG, TSLA and PLTR, meanwhile, have lost 34%, 33% and 34%, respectively, during the same period.
FAQ
What stocks did Michael Burry add to his short positions on Friday?
Michael Burry added to his short positions in Micron Technology Inc. at $933.86, Nvidia Corp. at $210.28, Caterpillar Inc. at $893.49, and the iShares Semiconductor ETF at $535.83, according to his Substack post on Friday.
Why does Michael Burry remain bearish on Nvidia stocks?
Burry stated he believes much of the current and future demand for Nvidia is not being driven by end customers. He said much of the demand is financed off-balance sheet and not disclosed, with future revenues "majority financed in a circular arrangement," citing the 2026 BIS annual report.
What long positions did Michael Burry establish in sports betting stocks?
Burry bought Flutter Entertainment at $100.72 and DraftKings Inc. at $23.07. He described the combined position as "a play against prediction markets" and stated that FLUT and DKNG together make for one of his larger positions.
