Burry-Linked Fund Trims Holdings, Exits Long-Dated Nvidia and Palantir Put Positions

Investor Michael Burry, best known for his bet against the housing market profiled in “The Big Short,” has unwound his bearish options positions in Nvidia and Palantir Technologies, according to a report by Seeking Alpha. The move came alongside broader reductions across the portfolio, which the report characterized as a wide-ranging pullback on risk.

The positions in question were put options — contracts that gain value when a stock’s price falls — with expirations in December 2026, giving them a notably long horizon for traded options. Their disposal means the bearish stance on both chipmaker Nvidia and data-analytics firm Palantir has been closed out, at least as reflected in the most recent disclosure examined by Seeking Alpha.

Palantir, in particular, has been a frequent subject of investor debate given its outsized valuation relative to peers. The company builds software platforms used by government and commercial customers, including work with the intelligence community in the United States and the United Kingdom. Its Palantir Technologies shares were trading at $170.50 recently, essentially flat against the prior close of $170.62, a decline of 0.07%, valuing the company at roughly $439.7 billion. The stock is classified in the software – infrastructure segment of the technology sector.

Filing-based disclosures such as the one underlying this report offer a lagged snapshot of holdings rather than a real-time view, and changes in a fund’s disclosed positions do not always reflect a complete picture of an investor’s overall exposure, which can include undisclosed or offsetting trades. Burry’s own communications in recent quarters have suggested skepticism toward parts of the AI-driven rally, though his positions have shifted repeatedly.

For Palantir and other defence-adjacent software names, high-profile investor moves are closely watched as sentiment indicators, even though they carry no direct bearing on the company’s government contracts or operational performance. The stock’s near-flat trading day following the report suggests the market treated the disclosure without pronounced reaction.

What to watch

• Upcoming quarterly filings for further changes in institutional holdings of PLTR and related names.
• Palantir’s next earnings report, including any updates to guidance.
• Government contract announcements, which remain the primary fundamental driver for the company’s defence and intelligence business.
• Broader AI-sector sentiment shifts as other large investors adjust disclosed positions.

Source: original release