"The Big Short" investor Michael Burry (Trades, Portfolio) has reshaped parts of his portfolio by increasing several bearish positions in semiconductor-related assets while leaving his existing short positions in Tesla NASDAQ:TSLA and Palantir Technologies NASDAQ:PLTR intact, according to comments published on his Substack.
Burry disclosed that he increased his short exposure to Nvidia NASDAQ:NVDA and Micron Technology NASDAQ:MU, while also adding to bearish positions in Caterpillar (CAT) and the iShares Semiconductor ETF (SOXX). He said his SOXX holding, together with related put options, now represents a substantial position. Separately, he expanded long investments in Flutter Entertainment (FLUT) and DraftKings NASDAQ:DKNG.
Regarding Tesla, Burry said he continues to hold his short position rather than exiting the trade. He also kept his bearish stance on Palantir unchanged.
The latest portfolio adjustments come after divergent performances across the sector. Micron shares have climbed nearly 192% so far this year, while Nvidia has gained about 9%. Meanwhile, Tesla, Palantir and DraftKings have fallen roughly 30%, 31% and 33%, respectively.