Michael Burry Reveals New Holdings Including Palantir and Nvidia Options
Scion Asset Management’s latest 13F filing shows 80% of positions in bearish options targeting Palantir and Nvidia, underscoring Burry’s cautious stance on tech stocks.
Summary
Michael Burry’s Scion Asset Management disclosed in its November 4 13F filing that 80% of its positions are put options on Palantir and Nvidia. The filing details $912 million in Palantir puts and $186 million in Nvidia puts, reflecting a strongly bearish outlook on both companies. This marks a significant shift in Burry’s portfolio composition toward defensive positioning against potential declines in these tech giants.
Terms & Concepts
- Puts: Options contracts granting the holder the right to sell an asset at a set price within a specified timeframe.
- Put Options: A type of financial derivative that allows investors to sell an asset at a predetermined price, often used to hedge or speculate on price declines.