Despite the deregistration of Scion Asset Management in late 2025, the legendary ‘Big Short’ trader, Michael Burry, has remained active in the stock market and has, in an April 13 update, revealed he had taken three new long positions.
Notably, one of the companies Burry revealed an investment in is Adobe (NASDAQ: ADBE): a firm he is rumoured to have been holding since early March.
Simultaneously, he stated he also took a ‘low normal position’ in Autodesk (NASDAQ: ADSK) and a ‘slightly larger’ one in Veeva (NYSE: VEEV).
At its core, ‘Big Short’ Burry’s reasoning appears to be that the three stocks have suffered substantial losses since 2026 and are likely approaching a bottom. Therefore, it would appear that the legendary investor is wagering on an upward correction.
Adobe stock performance in 2026
Adobe stock has been on a mostly decisive downtrend since 2026 started. Indeed, ADBE shares were changing hands at $349.99 on December 31 and fell 31.31% to $240.40 at press time on April 14.
Additionally, Adobe equity was trading at $227.28 at the April 13 morning bell and rallied 6.55% in the last 24 hours in a move that either confirmed Michael Burry’s thesis, was a reaction to his announcement, or was part of a wider Monday phenomenon.
Notably, there was a rumor that the ‘Big Short’ trader took a long position in the computer software company early in the previous month that led to ADBE rallying nearly 4% during the March 3 regular session.
Autodesk stock performance in 2026
The shares of Autodesk, another software firm, performed similarly to Adobe in 2026 as they stood at $296.01 on December 31 before crashing 23.23% to their April 14, press time price of $227.25.
Furthermore, the April 13 regular session was positive for ADSK stock, given it featured a 3.98% rally from $218.35 to $227.14. Once again, the upswing could serve as confirmation that Burry’s reasoning was correct, represent a reaction to the bet, or merely be a part of a wider software correction following the severe pressure that emerged from artificial intelligence (AI) agents.
Veeva stock performance in 2026
The cloud software, data, and business consulting for the ‘life sciences’ provider Veeva tells a very similar story as Adobe and Autodesk, ensuring it fits Michael Burry’s most recent strategy rather neatly.
Specifically, VEEV stock ended 2025 at $223.23 and then collapsed 27.56% to its press time price of $161.71.
Furthermore, the equity’s crash by the market’s close on Friday, April 10, amounted to 35.61%, and a 4.64% one-day rally took place on Monday, April 13.
Lastly, all three of ‘Big Short’ Michael Burry’s long positions belong to the software industry, a sector that has seen a severe downturn this year as investors turned fearful that the rise of AI agents – arguably ushered in by Anthropic in February – would render their services obsolete.
Despite this, many prominent technology stock Wall Street experts estimate that the new tool could complement software firms as long as they don’t remain overly complacent during the transition.
Featured image via Shutterstock
