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Series of events · Michael Burry

Michael Burry adjusts portfolio and warns on market breadth

Burry rotated holdings for tax purposes, warned of hidden market weakness, and exited Ansys.

3 eventsOct 6 to Oct 30LULU-2.1%DECK-0.5%FNMAFMCCAN+5.8%

Updated

The flow in 3 points

  1. Burry swapped Lululemon for Deckers and added MetLife puts
  2. Only 64 of 436 S&P 500 stocks hit record highs
  3. Burry exited Ansys at $100 per share

What happened, in order

Times are Eastern

  1. Where it began

    Tax loss rotation

    Burry rotated holdings into options and added MetLife puts to harvest tax losses, swapping Lululemon for Deckers.

  2. Turning point

    Market breadth warning

    Burry noted only 64 of 436 S&P 500 stocks hit record highs, citing AI debt and inflation risks for future bear market.

    Read the story

  3. Latest

    Ansys exit

    Burry closed his full stake in Ansys at $100 per share, following multiple leveraged re-entries into the position.

    Read the story

How they connect

Burry first repositioned his portfolio for tax efficiency, then issued a warning about limited market breadth, and finally exited his Ansys position.

The stocks in this series

  1. LULU-2.1%lululemon$107.55
  2. DECK-0.5%Deckers Outdoor$82.35
  3. FNMA+5.0%Fannie Mae$4.80
  4. FMCC+6.8%Freddie Mac$4.41
  5. AN+5.8%AutoNation$179.10

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A series is a short summary of connected news, for learning. Not verified and not advice. Check the full stories before you act.