Famed ‘Big Short’ investor Michael Burry has revealed a fresh round of portfolio changes, expanding bearish bets against several artificial intelligence and semiconductor-linked stocks.
At the same time, the investor best known for predicting the 2008 housing market collapse has increased exposure to consumer, retail, and industrial companies that he believes offer more attractive valuations.
In his Cassandra Unchained Substack newsletter published on September 22, Burry said he is now at full position size across several of his latest investments.
According to the update, Burry added to short positions in Micron Technology (NASDAQ: MU), Nebius Group (NASDAQ: NBIS), the iShares Semiconductor ETF (NASDAQ: SOXX), and Palantir Technologies (NASDAQ: PLTR).
The moves align with Burry’s continued skepticism toward the AI-driven rally that has fueled gains across semiconductor and technology stocks over the past two years.
Burry has argued that strong demand for advanced memory chips used in artificial intelligence applications has created the perception of prolonged supply shortages.
However, he believes growing production capacity, particularly from Chinese manufacturers, could eventually ease supply constraints and put pressure on memory-chip prices.
His bearish positioning reflects concerns that valuations across parts of the semiconductor sector may not be sustainable if market expectations begin to cool.
Burry’s consumer and industrial picks
While increasing short exposure to AI-related companies, Burry also expanded several long positions.
His latest additions include QXO (NYSE: QXO), Build-A-Bear Workshop (NYSE: BBW), Sprouts Farmers Market (NASDAQ: SFM), Birkenstock (NYSE: BIRK), and MercadoLibre (NASDAQ: MELI).
Burry said the market is currently offering attractive prices for these holdings and confirmed they now represent full-sized positions within his portfolio.
The selections reflect a broader value-focused approach. QXO operates in building-products distribution, while Build-A-Bear and Sprouts provide exposure to consumer spending. Birkenstock is a leading global footwear brand, while MercadoLibre remains a dominant player in Latin American e-commerce and digital payments.
The latest Michael Burry portfolio update highlights a strategy that contrasts with prevailing market trends.
While betting against AI-related enthusiasm through short positions in semiconductor and technology stocks, Burry is directing capital toward consumer, retail, and industrial companies he believes offer better value.
The approach aligns with his long-standing investment philosophy of targeting opportunities where market prices diverge from intrinsic value and reflects his concerns about elevated technology valuations.
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