Michael Burry's latest short position adjustment: Lululemon becomes the largest position, with short positions accounting for over 21% According to BlockBeats, on September 9th, Michael Burry, the prototype of the "big bear", disclosed his latest position adjustment through his Substack account, stating that his current largest long position is Lululemon, accounting for 17.4% of the investment portfolio; Next is MercadoLibre, accounting for 12%. The second tier includes Molina Healthcare and Temple&Webster, each accounting for 9%. In addition, Burry also holds Adobe, Zoetis, JD.com HCA Healthcare、Flutter、 Long positions in Fannie Mae, Freddie Mac, Sprouts, PayPal, Veeva, Birkenstock, Build-A-Bear, and Nvidia, with Nvidia also used for hedging. In terms of short selling, Burry's current short positions, in descending order of size, include iShares Semiconductor ETF, Micron, Nebius, CoreWeave, Oracle, Palantir, Nvidia, Caterpillar, and Invesco QQQ Trust. Among them, QQQ put option positions account for about 6% of the investment portfolio. Overall, its short positions account for over 21% of the investment portfolio and have not yet been included in put option positions, indicating that it is still betting on the valuation pressure of some technology and AI related assets. In addition, Burry has completely exited short positions in Tesla and Applied Materials, both closing at a profit; Simultaneously sell all SOXX put options and convert related positions into larger QQQ put options. After the latest adjustment, Lululemon has increased its holdings to its maximum position, while its overall investment portfolio still shows a clear differentiation layout of "bullish on some consumer and healthcare stocks, short on some technology and AI assets". The proportion of short positions in the investment portfolio has exceeded 21%, excluding put option positions.