'The Big Short' Bet Against Palantir & NVIDIA
Michael Burry's Scion Asset Management's latest 13F disclosure shows an extreme bearish concentration. The hedge fund has concentrated 80% of its $1.38B portfolio into put options on Palantir and Nvidia.
Portfolio Breakdown:
Total notional value: $1.38 billion (↑139% from Q2's $578M)
$PLTR Puts:
• $912 million (66% of portfolio)
• 5 million put contracts
$NVDA Puts:
• $187 million (13.5% of portfolio)
• 1 million put contracts
Combined: $1.1B (~80%) betting both stocks fall.
Both companies are positioned to benefit from current administration priorities. Yet Burry's thesis appears to be: valuations are so extreme that even favorable policies can't justify current prices.
