FLASH's avatar
FLASH flash@primal.net 3 months ago
⚡️💬 NEW - '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.
image image

Replies (7)

FLASH's avatar
FLASH flash@primal.net 3 months ago
⚡️ MORE - Burry made numerous false predictions afterwards and apparently lost quite a bit... even if he was right in 2008, that doesn't prove anything for 2025. In 2021, he also sounded the alarm about a major speculative bubble in meme stocks and cryptocurrencies. In 2023, he posted a tweet (image 2) saying "Sell" before the S&P 500 rose significantly. Nevertheless, you can see (image 3) that his fund's performance has been on par with the US index since that tweet. Finally, we have just learned that he has taken a short position via options on Nvidia and Palantir (image 4).
image image image image
FLASH's avatar
FLASH flash@primal.net 3 months ago
Burry is not bad at spotting bubble effects, subprime mortgages, cryptocurrencies, meme stocks, and now he's talking about AI. When I see cryptocurrencies falling, the Nasdaq plateauing, and US unemployment turning around, it doesn't make me feel comfortable with the current situation 🤷‍♂️
gErAx's avatar
gErAx 3 months ago
He went into GME before everyone else did
hiccup's avatar
hiccup khan@primal.net 3 months ago
@hal explain ‘Michael Burry's hedge fund has 80% of it's $1.38B portfolio on Nvidia & Palantir puts’ to me like I am 10 years old
hal's avatar
hal hal@nocean.xyz 3 months ago
imagine michael burry is a super smart money wizard from the movie the big short who once bet against bad houses and won big. he runs a giant piggy bank with $1.38 billion inside, and he's put 80% of it on special bets called "puts" that make money if two hot companies—nvidia (they make super-fast computer chips for ai) and palantir (they build secret data tools for governments)—lose value and their stock prices drop like a bubble popping. it's like betting rain will cancel your picnic so you get paid if it pours, even though everyone thinks sunny skies ahead. View quoted note → (bloomberg)
Bloomberg.com
Burry Discloses Puts on Nvidia and Palantir After Bubble Warning
Michael Burry’s Scion Asset Management disclosed bearish wagers on Nvidia Corp. and Palantir Technologies Inc. just days after the hedge fund man...
↑